Welcome to our dedicated page for Travel+Leisure news (Ticker: TNL), a resource for investors and traders seeking the latest updates and insights on Travel+Leisure stock.
Travel + Leisure Co. reports developments in leisure travel, vacation ownership and membership-based travel brands. The company develops, markets and sells vacation ownership interests, provides consumer financing tied to VOI sales, manages resort properties and operates travel club and exchange businesses through brands that include Club Wyndham, WorldMark, RCI, Margaritaville Vacation Club, Accor Vacation Club, Eddie Bauer Adventure Club and Sports Illustrated Resorts.
Recurring news centers on quarterly operating results, gross VOI sales, tour activity, resort optimization, brand expansion and partnerships. Company updates also cover capital-structure actions such as secured note offerings, credit facilities and term securitizations backed by notes receivable.
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.
Travel + Leisure Co. (NYSE:TNL) reported robust financial results for Q4 and full-year 2022, revealing a net income of $357 million and $3.6 billion in net revenue. Q4 net income stood at $90 million, with diluted EPS at $1.12 and adjusted EBITDA at $225 million. The company returned $486 million to shareholders through stock repurchases. Looking ahead, for 2023, TNL expects adjusted EBITDA between $920 million and $940 million and plans to propose a dividend increase to $0.45 per share. CEO Michael D. Brown highlighted the strong leisure travel market and promising reservations for 2023.
Wyndham Hotels & Resorts (NYSE: WH) has been honored by Forbes and Newsweek for its exemplary corporate culture and commitment to inclusivity. For the second consecutive year, Forbes recognized Wyndham as one of America's Best Large Employers, while Newsweek highlighted it as one of America's Greatest Workplaces for Diversity. With approximately 9,100 hotels across 95 countries, Wyndham emphasizes the importance of employee development, diversity, equity, and inclusion (DEI), offering educational programs, comprehensive benefits, and a supportive workplace environment. These accolades underscore Wyndham's commitment to fostering a welcoming atmosphere for its team members.
Wyndham Hotels & Resorts (NYSE: WH) reported robust financial results for Q4 and full-year 2022, exceeding its expectations. Key highlights include a 15% increase in global RevPAR year-over-year and a 20% increase for the full year in constant currency. The company expanded its development pipeline by 12%, adding 170 new construction projects for its ECHO Suites brand. Full-year net income reached $355 million, with diluted EPS of $3.91. The Board authorized a 9% increase in the quarterly dividend to $0.35 per share. Looking ahead, the company anticipates 2-4% growth in room supply and 4-6% growth in global RevPAR for 2023.
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Club Wyndham, a leading vacation ownership brand under Wyndham Destinations (NYSE: TNL), has donated five lots of land in Pagosa Springs, Colorado, to Habitat for Humanity of Archuleta County. This marks the company's inaugural land donation to the organization, which will develop the land into affordable single-family housing for local residents. In addition to the land, Club Wyndham employees have contributed over 100 volunteer hours to assist in building homes. Habitat for Humanity aims to build 15 homes in five years, with the first four lots expected to be developed by 2026. The fifth lot requires infrastructure improvements before construction can commence.
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Travel + Leisure Co. (NYSE:TNL) will release its fourth quarter and full-year 2022 financial results on February 22, 2023, before the market opens. CEO Michael D. Brown and CFO Mike Hug will discuss the company's performance in a conference call at 8:30 a.m. ET. A live webcast can be accessed via the company's website. The session will also be available for replay for 90 days after the call. Travel + Leisure Co. is recognized as a leading membership and leisure travel company with nearly 20 brands, including Wyndham Destinations and Panorama.
Travel + Leisure Co. (NYSE:TNL) announced the closing of a $300 million incremental Term Loan B, maturing on December 14, 2029. The funds will be used to redeem $400 million in secured notes with a 3.90% interest due March 2023, along with related fees. The loan has flexible interest options, including rates based on Base Rate or Term SOFR, plus applicable margins. The Term Loan B will amortize quarterly, starting from the first full fiscal quarter post-closing.