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.
Summary not available.
Travel + Leisure Co. (TNL) will announce its fourth quarter and full-year 2021 financial results on February 23, 2022, 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 the company’s financial performance and future outlook. Investors can access a live webcast through the company’s website or dial in directly. A replay of the call will be available for 90 days after the event.
Summary not available.
Travel + Leisure GO has launched seven new customizable vacation itineraries, perfect for holiday gifts, inspired by Travel + Leisure magazine's trusted editorial content. Members of the Travel + Leisure Club can earn $100 in travel credits when booking these itineraries, requiring a minimum spend of $850 by December 31, 2021. The itineraries include exciting destinations like Savannah, GA, Jackson Hole, WY, and Cartagena, Colombia, offering unique experiences and accommodations at top-rated hotels.
Travel + Leisure Co. (NYSE:TNL) announces the appointment of Sy Esfahani as Chief Technology Officer. With over 30 years of experience in technology leadership within travel, hospitality, and finance, Esfahani will align technology initiatives with the company’s strategic goals. Previously serving as CIO for Qatar Airways and MGM Resorts, he aims to enhance the company's tech platform to support its four-year growth strategy focused on new membership and subscription travel businesses. Esfahani will report directly to CEO Michael D. Brown.
Travel + Leisure Co. (NYSE:TNL) has priced a private offering of $650 million in senior secured notes due 2029. The offering, expected to close on November 18, 2021, aims to use proceeds to redeem existing 4.25% secured notes maturing in March 2022 and cover related expenses. The new notes will carry a 4.50% interest rate, payable semi-annually, and will mature on December 1, 2029. This offering is targeting qualified institutional buyers and is subject to standard market conditions.
Travel + Leisure Co. (NYSE:TNL) has appointed Lucinda Martinez to its Board of Directors effective November 11, 2021. Martinez, an expert in global marketing from HBO and Netflix, will provide insights into subscriber business development and diverse marketing strategies. Her experience is expected to guide the company's expansion into new travel subscription services and enhance its presence in the leisure travel market. The chairman emphasized the importance of her expertise during this growth phase.
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.