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.
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.
WorldMark by Wyndham is introducing Planting Seeds, a new pilot program at WorldMark Portland Waterfront Park. This initiative, led by master regenerative urban farmer Daniel Campbell, aims to promote urban permaculture through interactive workshops. Guests will learn sustainable practices to grow their own food and contribute to local food security. Each month, the workshops will cover various topics, including soil health and biochar. The program aligns with growing traveler interest in sustainability, as nearly 80% of American travelers prioritize eco-friendly practices. WorldMark plans to expand this initiative to over 20 urban locations in the future.
Travel + Leisure Co. (NYSE:TNL) will release its first quarter 2023 financial results on April 26, 2023, before market opening. Following the release, a conference call will be held at 8:30 a.m. ET featuring CEO Michael D. Brown and CFO Mike Hug discussing the company's financial performance and future outlook. Interested participants can join the call via webcast or telephone, with a replay of the event available on the company’s website for 90 days. Travel + Leisure Co. is a leading leisure travel company serving over six million vacations annually through its timeshare resorts and various membership products.
Summary not available.
Wyndham Hotels & Resorts (NYSE: WH) has signed a multi-season partnership with Minor League Baseball (MiLB), becoming the Official Hotel Partner and bringing its Wyndham Rewards program into 120 ballparks. This deal aims to enhance hotel stays and provide unique experiences for rewards members, such as game tickets and behind-the-scenes access. Wyndham was drawn to MiLB due to its popularity and alignment with their guest demographics. As part of the initiative, Wyndham will have a significant presence at over 8,000 MiLB games, further increasing brand visibility and travel convenience for fans and franchisees.
Wyndham Hotels & Resorts (NYSE: WH) will report its first quarter 2023 results on
The board of directors of Travel + Leisure Co. (NYSE:TNL) announced an increase in its quarterly cash dividend from
Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.35 per share, an increase of 9% from $0.32 in 2022. This dividend is payable on March 29, 2023, to shareholders on record as of March 15, 2023. With approximately 9,100 hotels in over 95 countries, Wyndham maintains its leadership in the economy and midscale lodging segments. The company's portfolio includes 24 hotel brands and a loyalty program with 99 million members, providing access to numerous global accommodations.
Wyndham Rewards is set to welcome its 100 millionth enrolled member this March, celebrating by giving away 100 limited-edition minibars stocked with snacks and drinks at selected hotels in North America. Each minibar includes 30,000 Wyndham Rewards points, while one winner will receive 1 million points. Members can enter by booking directly or emailing their details. Additionally, March marks the launch of 'Member Month', featuring discounts and bonus point offers, starting with 15,000 bonus points for stays through May 14, 2023. Wyndham Rewards is recognized as the world's most generous hotel rewards program, supporting nearly 100 million members worldwide.