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 Destinations is offering up to 25% off at 60 resorts through its Extra Holidays portal. This promotion begins on November 21 and runs through November 28, coinciding with Black Friday and Cyber Monday. Discounts are available for various travel destinations in the U.S. and internationally, including Japan and France. The offer allows travelers to explore vacation ownership with promotional rates, targeting early 2023 travelers.
Travel + Leisure GO has been announced as the presenting sponsor of the New York International Travel Show from October 28-30, 2022, at the Jacob K. Javits Convention Center. This marks the first major appearance for the new travel club, allowing consumers to explore membership benefits. Fiona Downing, Chief Membership Officer, noted the resurgence in travel interest post-pandemic. Attendees will learn about travel trends and can sign up for a free trial at the event. Travel + Leisure Co. continues to be a leading brand in travel and membership services.
Travel + Leisure Co. (NYSE:TNL) reported its third quarter 2022 financial results, highlighting a net income of $116 million and a diluted earnings per share of $1.38 on $937 million in net revenue. The company achieved an adjusted EBITDA of $234 million and expects full-year adjusted EBITDA between $855 million and $865 million. Operating cash flow reached $267 million, while adjusted free cash flow for the year-to-date is $195 million. Additionally, the company repurchased $115 million in stock during Q3 and plans to recommend a $0.40 per share dividend.
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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.
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