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) will present at the virtual Shareholder Equity Conference on March 28, 2022, at 12:30 p.m. EDT. CEO Michael D. Brown and SVP of Investor Relations Christopher Agnew will engage in a fireside chat format, allowing retail investors to ask questions. The presentation will be accessible via live stream at Shareholder-Equity-Conference.videoshowcase.net for 90 days post-event. Additional details, including the Company’s Investor Presentation and recent financial results, are available on its Investor Relations website.
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Travel + Leisure Group has launched travelandleisurewine.com, offering a wine club membership with curated experiences and an online bottle shop in partnership with Vintage Wine Estates (Nasdaq: VWE). Members gain access to exclusive tours and complimentary tastings at 12 wineries across Napa Valley, Oregon, and Washington. This collaboration aims to enhance customer engagement through curated wines from over 25 vineyards, catering to wine enthusiasts seeking quality experiences.
Travel + Leisure Co. (NYSE:TNL) will participate in the 2022 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 7 at 5:45 p.m. EST. CEO Michael D. Brown and CFO Mike Hug will present at the event, which can be accessed via a live webcast on the company’s investor relations website. Additionally, the company has updated its Investor Presentation to reflect the recently reported Q4 and full year 2021 financial results, available online. Travel + Leisure Co. leads in membership and leisure travel with nearly 20 brands.
Travel + Leisure Co. (NYSE:TNL) has announced an increase in its quarterly cash dividend from $0.35 to $0.40 per share, payable on March 31, 2022. This change translates to an annualized dividend of $1.60, reflecting a growth of over 33% from the previous total of $1.20 per share. CFO Mike Hug noted the company's strong performance, enabling this return of capital to shareholders, and expressed optimism regarding future growth opportunities.
Travel + Leisure Co. (NYSE:TNL) reported strong fourth quarter and full-year 2021 financial results, highlighting a net income from continuing operations of $110 million for 4Q and $313 million for the full year. With net revenue of $870 million in the fourth quarter and $3.1 billion for the year, adjusted EBITDA was $228 million and $778 million respectively. The company resumed its stock repurchase program and increased its dividend to $0.40 per share. For Q1 2022, adjusted EBITDA is projected between $160 million and $170 million.
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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.
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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.