Travel+Leisure Co Stock Price, News & Analysis

Travel + Leisure Co. (NYSE:TNL) has announced a regular cash dividend of $0.40 per share, payable on June 30, 2022, to shareholders on record as of June 15, 2022. The company operates as a leading membership and leisure travel entity with a diverse portfolio of nearly 20 brands. These brands include Wyndham Destinations and Panorama, which cater to millions of owners and subscribers annually, providing exceptional vacation experiences. This dividend reflects the company's ongoing commitment to delivering shareholder value.

Travel + Leisure Co. (NYSE:TNL) has promoted Fiona Downing to Chief Membership Officer for Panorama and Travel + Leisure Club, aiming to align its B2B and D2C travel club operations. Downing's role will focus on optimizing resources, product development, and strategic growth initiatives. The company believes this leadership change will enhance its ability to meet the growing travel demand post-pandemic. Travel + Leisure Co. continues to expand its membership travel services, boasting a diverse portfolio aimed at providing customized travel solutions.

Love Home Swap is celebrating the Platinum Jubilee of Queen Elizabeth II by offering the first 20 US members who swap homes in London a complimentary day of butler service. This offer is part of the “Live Like a Royal” promotion, which runs from May 5, 2022 to June 5, 2022, allowing travel until August 5, 2022. The first five members also receive complimentary afternoon tea. This initiative encourages home swapping and highlights the cost-saving benefits for travelers, averaging $2,500 savings per week.

Heroes Vacation Club is celebrating its members with a special offer of a seven-night stay for $289 during May. Initially available only to medical professionals and first responders, membership is now extended to educators and all government employees. This initiative coincides with appreciation events such as Teacher Appreciation Week and National Nurses Day. The offer promotes affordable vacations, with options for popular destinations worldwide. Membership is free, offering access to discounts and additional benefits for premium members, enhancing travel options for the heroes of our communities.

Travel + Leisure Co. (NYSE:TNL) reported first quarter 2022 financial results, achieving net income of $51 million and net revenue of $809 million.

Adjusted EBITDA stood at $170 million, with expectations of $855-$875 million for the full year. The company repurchased $45 million worth of stock and proposed a dividend of $0.40 per share.

Vacation Ownership revenue rose by 35% to $604 million, while Travel and Membership revenue increased 15% to $210 million, reflecting strong recovery and growth in leisure travel.

Wyndham Destinations, the largest vacation ownership business, has announced the completion of solar installations across its resorts, enhancing its commitment to alternative energy. With about 19 properties utilizing over 18,000 solar panels, the company aims for an estimated annual solar output exceeding nine million kilowatt hours. Alongside this, Wyndham is investing in water reduction technologies projected to lower water usage by 15-17%. The company outlined sustainability goals, including 20% renewable energy use by 2030 and a 40% reduction in greenhouse gas emissions by 2025.