Welcome to our dedicated page for Travel+Leisure Co news (Ticker: TNL), a resource for investors and traders seeking the latest updates and insights on Travel+Leisure Co stock.
Travel + Leisure Co. (NYSE: TNL) is a leisure travel company with operations centered on vacation ownership and membership-based travel services. News about Travel + Leisure Co. often highlights developments in its vacation ownership segment, its Travel and Membership segment and its broader leisure travel portfolio.
Investors and travelers following Travel + Leisure Co. can expect news on topics such as quarterly financial results, segment performance and updates on the company’s strategy in vacation ownership and travel membership. Earnings releases describe metrics like net revenues, net vacation ownership interest sales, gross VOI sales and transaction trends in the Travel and Membership segment, along with commentary from management on business performance.
Coverage also includes announcements related to capital markets and financing, such as amendments to the company’s Credit Agreement, the establishment or refinancing of revolving credit facilities, the repricing of term loan facilities, the issuance of senior secured notes and the completion of term securitization transactions backed by timeshare receivables. These items provide insight into the company’s cost of capital, leverage and liquidity.
News about Travel + Leisure Co. may feature updates on its travel brands and membership platforms, including RCI, which is part of the Travel and Membership business and operates a vacation exchange platform for members. Press releases can describe new or enhanced travel benefits, partnerships and program features that affect members’ options for vacations and exchanges.
This page aggregates company-specific headlines, allowing readers to review Travel + Leisure Co. news related to financial results, capital structure, segment initiatives and membership travel offerings in one place.
Wyndham Hotels & Resorts (NYSE: WH) reported a strong first quarter for 2023, with Global RevPAR increasing by 12% compared to Q1 2022, and a 4% growth in U.S. RevPAR. The development pipeline has grown by 11%, totaling 226,000 rooms. The company awarded 35 new construction projects for ECHO Suites, bringing the total since launch to 205. Financially, the net income was $67 million with diluted EPS at $0.77. The company returned $87 million to shareholders through buybacks and dividends. Wyndham raised its full-year 2023 outlook, reflecting confidence in continued growth.
This aligns with a projected 2-4% growth in rooms and 4-6% growth in global RevPAR for the year. The solid cash flow positions the company well as it navigates the market.
Travel + Leisure Co. (NYSE:TNL) reported a strong first quarter for 2023, with a net income of $64 million and $879 million in net revenue, marking a 9% year-over-year increase. Adjusted EBITDA reached $184 million, contributing to a 29% increase in adjusted EPS to $0.89. The company has raised its full-year adjusted EBITDA guidance to $925-$945 million, driven by robust consumer travel demand. Vacation Ownership revenue increased 12% to $685 million, with gross VOI sales up $75 million due to more tours conducted. However, Travel and Membership revenue was flat at $200 million, with adjusted EBITDA declining by 13%. The company maintained a leverage ratio of 3.7x and repurchased 2.5 million shares for $102 million.
Caravan Wellness has announced a partnership with Travel + Leisure GO, allowing club members exclusive access to wellness video content. This collaboration aims to enhance the travel experience by helping members prepare mentally and physically for their vacations. As part of this initiative, Travel + Leisure GO provides members with curated health and wellness videos, focusing on fitness, meditation, and stress management. The club, known for its significant travel discounts and personal concierge services, is currently offering a special annual membership rate of $69.95, which includes a $30 travel credit. This partnership positions both companies to better serve the needs of modern travelers.
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