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.
Bookmark this page for streamlined access to TNL’s evolving story. Check back regularly for objective updates that empower your financial and market analysis.
Travel + Leisure Co. (NYSE:TNL) announced a private offering of $650 million in senior secured notes due 2029. The proceeds will be utilized to redeem existing 4.25% secured notes due March 2022 and cover related fees. The offering is available only to qualified institutional buyers and adheres to the Securities Act's regulations. Forward-looking statements are included, highlighting potential risks such as economic conditions and the COVID-19 pandemic. The company emphasizes its role in the leisure travel industry, providing services through multiple brands.
Travel + Leisure Co. (NYSE:TNL) has announced an increase in its quarterly cash dividend from $0.30 to $0.35 per share, payable on December 30, 2021, to shareholders on record as of December 15, 2021. This annualized dividend rises to $1.40 per share, marking a nearly 17% increase from the previous annualized rate of $1.20. CFO Mike Hug highlighted this increase as evidence of the company’s confidence in its business resilience and commitment to returning value to shareholders through free cash flow deployment.
Travel + Leisure Co. (NYSE:TNL) reported strong third quarter 2021 results, achieving a net income of $101 million, or $1.15 per diluted share, on revenues of $839 million. The company's adjusted EBITDA was $228 million, with adjusted diluted EPS of $1.19. Cash flow metrics were robust, with $435 million from operations and adjusted free cash flow of $128 million for the first nine months. The company raised its full-year adjusted EBITDA guidance to $740-$750 million and diluted EPS guidance to $3.35-$3.43. A fourth-quarter dividend of $0.35 per share is recommended, following a $1 billion credit facility renewal and a $350 million securitization.
Travel + Leisure Co. (NYSE:TNL) has successfully completed a term securitization transaction, issuing $350 million of asset-backed notes. The issuance includes approximately $126 million in Class A Notes with a coupon of 1.35%, among others, with an overall weighted average coupon of 1.82%. The strong demand led to a tightening of spread levels across the capital structure, indicating robust investor confidence. This transaction was executed under Rule 144A and Regulation S, ensuring compliance with securities laws.
Travel + Leisure Co. (TNL) has released its 2020-2021 Social Responsibility Report, highlighting its commitment to social responsibility through various initiatives. The company achieved water withdrawal goals six years early and has set a new target to reduce water usage by 35% by 2025. It established the Travel + Leisure Charitable Foundation and aims to enhance diversity in leadership roles. Additionally, TNL has developed safety plans for returning to work amid COVID-19. This report marks the first under the new company name following its acquisition of Travel + Leisure.
Travel + Leisure Co. (NYSE:TNL) will release its third quarter 2021 financial results on October 27, 2021, before market open. A conference call hosted by CEO Michael D. Brown and CFO Mike Hug will follow at 8:30 a.m. ET to discuss financial performance and business outlook.
Interested participants can join via a webcast on the company’s investor website, with an archive available for 90 days post-call. A telephone replay will be accessible for four days after the call.
Travel + Leisure Co. (NYSE:TNL) presented its four-year growth plan at an investor meeting in New York, aiming to expand its timeshare and vacation exchange businesses. CEO Michael D. Brown highlighted a strategy to tap into a larger market segment leveraging the Travel + Leisure brand. The company forecasts adjusted diluted EPS between $6.10 and $7.30 by 2025, a CAGR of 17-22%. Adjusted EBITDA is expected to grow 11-14%, with cumulative cash available for shareholder value reaching $2.9 to $3.3 billion. The company reaffirms its 2021 outlook for adjusted EBITDA between $725-$735 million.
Travel + Leisure Group has launched the Travel + Leisure Club, a subscription service offering exclusive travel experiences and savings at an introductory price of
Travel + Leisure Co. (NYSE:TNL) will participate in the 2021 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 14, 2021, at 5:00 p.m. EDT. CEO Michael D. Brown and CFO Mike Hug will represent the company. The event will be accessible via a live webcast on the company’s website, with a replay available for 90 days. Travel + Leisure Co. offers a range of leisure travel experiences through its multiple brands, including Wyndham Destinations, Panorama, and Travel + Leisure Group.
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