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 (TNL) is a global leader in vacation ownership and membership-based travel experiences, operating renowned brands like Wyndham Destinations and Panorama. This page provides investors and industry professionals with a centralized hub for all TNL-related news, including press releases, financial updates, and strategic developments.
Discover timely updates on earnings reports, partnership announcements, and market expansions that shape TNL’s position in the travel and hospitality sector. Our curated collection ensures access to verified information on vacation ownership innovations, membership program enhancements, and operational milestones.
Key content includes analysis of consumer financing trends, resort portfolio growth, and TNL’s integration of travel technology across its platforms. Stay informed about leadership strategies and industry-specific developments impacting the company’s global operations.
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Travel + Leisure Co. (NYSE:TNL) announced the successful completion of a $250 million term securitization transaction, part of their Sierra program. This transaction includes Class A to D notes, with coupons ranging from 5.83% to 10.52%, achieving an overall weighted average coupon of 6.91%. With this securitization, the company has completed $800 million in asset-backed securitizations this year, highlighting the program's strength in enhancing liquidity amid challenging market conditions.
Travel + Leisure Co. (NYSE:TNL) will announce its third quarter 2022 financial results on October 27, 2022, before the market opens, accompanied by a conference call at 8:30 a.m. EDT. CEO Michael D. Brown and CFO Mike Hug will provide insights into the company's financial performance and business outlook. Investors can access the call via a webcast on the company’s website or by phone. A recording will be available for 90 days post-event.
Travel + Leisure Co. (NYSE:TNL) provided a third quarter update and outlook, reiterating its previous earnings guidance dated July 28, 2022. Key highlights include an expected adjusted EBITDA of
Travel + Leisure Co. (NYSE:TNL) announced a cash dividend of $0.40 per share, payable on September 30, 2022, to shareholders on record as of September 15, 2022. The company is a leader in the leisure travel sector with nearly 20 brands in its portfolio, including Wyndham Destinations and Panorama. They aim to provide exceptional travel experiences to millions each year. This dividend reflects the company’s confidence in its financial health and commitment to returning value to shareholders.
Wyndham Rewards is the title sponsor of the 83rd Wyndham Championship, offering fans a chance to win over 100 million Wyndham Rewards points. Fans attending the event can earn points through various interactive activities, and those watching from home can participate in a contest for a chance to win one million points. Participants must be members of the free Wyndham Rewards program. The tournament also features charitable initiatives, including donations for golfers' achievements. The event runs through August 7, 2022, at Sedgefield Country Club in Greensboro, N.C.
Travel + Leisure Co. (NYSE:TNL) reported strong Q2 2022 financial results, with a net income of $100 million and $1.16 diluted earnings per share, on $922 million in revenue. Adjusted EBITDA stood at $230 million. The company generated $230 million in net cash from operations and $121 million in adjusted free cash flow for the first six months of 2022. Travel + Leisure also announced a $0.40 per share dividend recommendation and anticipates full-year adjusted EBITDA between $860 million to $880 million. Strong demand for vacation ownership sales drove positive trends.
Travel + Leisure Co. (NYSE:TNL) has successfully completed a term securitization transaction, issuing $275 million in asset-backed notes. The breakdown includes $111 million in Class A Notes with a 4.73% coupon, $66 million in Class B Notes at 5.04%, $69 million in Class C Notes at 6.36%, and $29 million in Class D Notes at 9.22%, resulting in a 5.70% weighted average coupon. CFO Mike Hug highlighted strong investor demand and the transaction's enhancement to the company's liquidity amidst economic volatility.
Wyndham Destinations has launched a new vacation club resort in Atlanta, featuring a modern 22-story tower with 200 multi-bedroom suites. This dual-branded property includes the Club Wyndham and Margaritaville Vacation Club brands, providing a unique vacation experience. Located near Centennial Olympic Park, the resort offers upscale amenities including fully equipped kitchens and in-suite washers/dryers. The facility is open to both existing owners and non-owner rentals, aiming to elevate Atlanta's profile as a premier leisure travel destination.
Travel + Leisure has released its annual World's Best Awards 2022, highlighting travel favorites globally. Oaxaca, Mexico is named the World's Best City, while Ischia, Italy is recognized as the Best Island. Top cities in the U.S. include Charleston, South Carolina and New Orleans. The Pickering House Inn in Wolfeboro, New Hampshire is called the best resort hotel in the continental U.S. The awards celebrate excellence in hospitality, with results published on TravelandLeisure.com.
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