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 declared a cash dividend of $0.30 per share on its common stock. This dividend is due to be paid on September 30, 2021, to shareholders on record as of September 15, 2021. The company is recognized as a leader in the membership and leisure travel sector, offering a diverse portfolio of nearly 20 brands, including Wyndham Destinations and Panorama, which provide extensive vacation options and travel inspiration.
Travel + Leisure Co. (NYSE:TNL) reported strong Q2 2021 results with net income of $74 million ($0.84 EPS) on revenue of $797 million. Adjusted EBITDA was $193 million, and cash provided by operating activities was $290 million. The company anticipates full-year adjusted EBITDA of $720-$735 million and diluted EPS of $3.20-$3.30. Notably, the Vacation Ownership segment saw a 152% revenue increase to $599 million. Management plans to recommend a third-quarter dividend of $0.30 per share.
Meredith Corporation's (NYSE: MDP) Travel + Leisure celebrates its 50th anniversary with a special collector's edition featuring iconic travel stories and notable figures. The August issue, available from July 23, highlights 50 timeless trips, essays from renowned writers, and the brand's history through significant travel moments. Travel + Leisure reaches nearly 1 million subscribers and 12 million monthly digital visitors, marking a 45% increase year-over-year. The anniversary issue attracts diverse advertisers, supporting its role as a leading travel media brand.
Travel + Leisure Co. (NYSE:TNL) will release its second quarter 2021 financial results on July 28, 2021, before market open. A conference call will follow at 8:30 a.m. ET, featuring CEO Michael D. Brown and CFO Mike Hug, discussing financial performance and business outlook. Investors can access the call via the company's website or by phone. Archived webcasts will be available for 90 days, with a telephone replay for four days post-call. Travel + Leisure Co. is a leading leisure travel company, offering services through various brands in the hospitality sector.
On July 1, 2021, Meredith Corporation's MyLife app launched the 'Travel + Leisure's Mindful Travel Collection' in collaboration with Travel + Leisure. This seven-part mindfulness series aids travelers in managing stress and jet lag through meditations, stretches, and sleep exercises. Designed for on-the-go use, each activity lasts from seconds to 10 minutes. The initiative is targeted at helping users feel more comfortable during travels, catering to the growing interest in travel as restrictions ease. The MyLife app is accessible on iOS, Android, and Amazon Alexa.
Summary not available.
RCI, a leader in vacation exchange, received three awards at the 2021 ARDA Timeshare Together Conference. The company earned the ACE Excellence in Customer Service Award for its responsiveness during the COVID-19 pandemic, showcasing its global team's commitment. Additionally, RCI was recognized for the best Integrated Marketing Campaign for its 2020 rebranding initiative and as the top Training and Development Team due to its Global Leadership Bench Program, which nurtures diverse leadership. The awards reflect RCI's resilience and dedication to exceptional service and growth.
Panorama Travel Solutions has announced the addition of six new clients for its Viewpoint Resort & Timeshare Management Software and Owner’s Travel Club products. Notable new clients include Silver Beach Club, Lake Chelan Shores Resort, and Vacationland Estates. The Viewpoint system offers cloud-based management, enhancing resort operations and revenue while reducing costs. The Owner’s Travel Club provides access to discounted travel rewards for 600,000 accommodations worldwide. The response to both services has been positive, indicating a shift in the legacy timeshare industry's technology needs.
Travel + Leisure Co. (TNL) has launched a new strategy to bolster hiring and retention ahead of a busy summer season. The company is offering substantial retention bonuses of up to $1,500 for existing hourly associates and up to $750 for new hires, alongside enhanced referral bonuses of $1,000 for resort positions. Additionally, a pilot program for sales associates allows a hybrid pay structure of salary and bonuses. This initiative aims to strengthen the workforce and improve service quality as leisure travel rebounds in 2021.
RCI, a leading vacation exchange company within the Panorama portfolio, has integrated with Viewpoint PMS, a cloud-based resort management system. This integration enhances efficiency by automating multiple processes such as deposit management and guest notifications, enabling owners to manage their weeks through mobile devices. Viewpoint PMS operates on Amazon Cloud, offering robust security and support. RCI aims to strengthen its service offerings, positioning itself as a competitive force in the timeshare market, serving 3.7 million members globally with access to over 4,200 resorts.