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.
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.
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Travel + Leisure Group has launched the Travel + Leisure Club, a subscription service offering exclusive travel experiences and savings at an introductory price of $9.95 per month. Members enjoy preferred pricing on over 600,000 hotels, personalized concierge services, and access to curated itineraries featuring the 2021 'World’s Best Awards' winners. A 30-day free trial is available. The service aims to transform inspirational travel content from the Travel + Leisure magazine into real, bookable experiences.
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.
Travel + Leisure Co. (NYSE:TNL) appointed Renu Snehi as senior vice president of global brands, effective immediately. With over 20 years of experience in leading hospitality brands, Snehi will oversee branding for Wyndham Destinations, Panorama, and the Travel + Leisure Group. Her role includes spearheading global branding and launching new products, including the upcoming Travel + Leisure Club. This strategic appointment aims to enhance the company’s multi-brand strategy and drive growth in the competitive leisure travel market.
Travel + Leisure Co. (NYSE:TNL) will hold its 2021 Investor Day on September 10, 2021, to discuss its strategic outlook and growth initiatives. The event will highlight plans to expand its timeshare and vacation exchange businesses while exploring new avenues in the leisure travel market.
CEO Michael D. Brown will lead the presentations, which include key executives from Wyndham Destinations and Panorama. The Investor Day will be on Friday, Sept. 10, from 8:30 a.m. to noon EDT, with a live webcast available for those unable to attend.
Travel + Leisure Group is expanding its product offerings by introducing a collection of luxury household goods and exclusive retail distribution of Travelpro® luggage at Bloomingdale’s. The new luxury linens produced in collaboration with Sobel Westex aim to deliver hotel-like comfort at home. The Travelpro x Travel + Leisure luggage collection will be available at select Bloomingdale’s locations and online, with further expansion planned. This initiative is part of a broader strategy to enhance consumer engagement and lifestyle branding.