Travel+Leisure Co Stock Price, News & Analysis

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.

Travel + Leisure has released its 18th annual It List, highlighting the 100 best new and renovated hotels worldwide, covering 37 countries and six continents. The 2023 It List features properties such as beach resorts, luxury city hotels, and wellness retreats, showcasing a diverse range of accommodations.

This year, 34 of the selected hotels are located in the United States, including destinations like Sedona and Montauk. The list includes 35 hotels in North America, 32 in Europe, 13 in the Caribbean and Central/South America, 10 in Africa and the Middle East, 8 in Asia, and 2 in Australia.

The selection process involved comprehensive reviews of hundreds of properties, ultimately narrowing down to these top 100 hotels.

Travel + Leisure Co. (NYSE:TNL) has successfully concluded a $250 million term securitization transaction, issuing asset-backed notes with a weighted average coupon of 6.33%. The company issued $95 million in Class A Notes at a 5.20% coupon, $66 million in Class B Notes at 5.83%, $60 million in Class C Notes at 7.00%, and $29 million in Class D Notes at 9.80%. The transaction achieved a high advance rate of 91.25%, reflecting strong investor confidence, as each tranche was oversubscribed multiple times. This marks Travel + Leisure's first term securitization of 2023.