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), the world's leading membership and leisure travel company, has announced a regular cash dividend of $0.50 per share on its common stock. The dividend is payable on September 30, 2024 to shareholders of record as of September 13, 2024. TNL operates Club Wyndham, a points-based vacation ownership program, and RCI, the first vacation exchange network. The company delivers over six million vacations annually at 245+ timeshare resorts worldwide through various travel and membership products, including Travel + Leisure GO, a subscription travel club. With a focus on hospitality and responsible tourism, TNL employs 19,000+ associates globally.
Travel + Leisure Co. (NYSE:TNL) reported strong second quarter 2024 results, with net income of $129 million and diluted earnings per share of $1.36 from continuing operations on net revenue of $985 million. The company achieved adjusted EBITDA of $244 million and adjusted diluted EPS of $1.52. Notable highlights include a 13% increase in tours year-over-year, with new owner tours up 22%. Based on these results, Travel + Leisure Co. is raising its full-year 2024 adjusted EBITDA guidance to $915-$935 million and expects third-quarter adjusted EBITDA of $235-$245 million. The company also returned $105 million to shareholders through dividends and share repurchases.
Travel + Leisure Co. (NYSE:TNL) has successfully completed a $375 million term securitization transaction, issuing asset-backed notes with an overall weighted average coupon of 5.56%. The advance rate for this transaction was 96.00%. This marks the company's second term securitization of 2024, with improved interest rates and advance rates compared to their March 2024 transaction.
The securitization was structured as follows:
- $169 million of Class A Notes at 5.14% coupon
- $82 million of Class B Notes at 5.29% coupon
- $87 million of Class C Notes at 5.83% coupon
- $37 million of Class D Notes at 7.48% coupon
The inaugural FOOD & WINE Classic in Charleston is set for September 27-29, 2024, featuring a star-studded lineup of culinary talent. The event, an extension of the iconic Aspen Classic, will showcase Charleston's unique culinary and cultural offerings. Highlights include:
- Over 40 cooking demos, panels, and wine seminars
- A Grand Tasting Pavilion with 100+ exhibitors
- Special events like the Southern Living Lowcountry Tailgate and Travel + Leisure Style Stroll
- Appearances by renowned chefs and personalities such as Tyler Florence, Al Roker, and Maneet Chauhan
Tickets are now on sale for this premier culinary weekend, which aims to celebrate the best of Charleston and beyond.
Travel + Leisure Co. (NYSE:TNL), a global leader in membership and leisure travel, has been honored by TIME Magazine as one of America's Best Mid-Size Companies for 2024. This inaugural recognition, in collaboration with Statista, identifies top-performing mid-size companies in the United States with revenues between $100 million and $10 billion in 2022 or 2023. The evaluation criteria included employee satisfaction, revenue growth, and sustainability transparency. Only the top 500 companies were selected from thousands of candidates. Chief Human Resources Officer Kimberly Marshall highlighted that the award underscores the company's commitment to a positive workplace culture and exceptional vacation experiences. Travel + Leisure Co. boasts over 245 timeshare resorts worldwide, delivering over six million vacations annually, and employs more than 19,500 associates globally.
Travel + Leisure has announced the winners of its 2024 World's Best Awards, celebrating top destinations and travel organizations globally. The awards, now in their 29th year, highlight key trends and emerging destinations. San Miguel de Allende is named the World's Best City, while The Oberoi Rajvilas, Jaipur, wins World's Best Hotel. JSX and Singapore Airlines lead the domestic and international airline categories, respectively. Minneapolis-St. Paul International Airport is the top domestic airport, and iGA Istanbul Airport is the best international airport. Additional top winners include The Maldives as the World's Best Island and Yellowstone as the Best U.S. National Park. Full details are available on TravelandLeisure.com and in the August issue of the magazine.
Travel + Leisure Co. (NYSE:TNL) will release its Q2 2024 financial results on July 24, 2024, before the market opens. A conference call hosted by CEO Michael D. Brown and CFO Mike Hug will follow at 8:30 a.m. EDT to discuss the company's financial performance and business outlook. Interested parties can access the live webcast or dial in via phone. An archived version of the webcast will be available on the company's website for 90 days starting at noon on July 24.
Travel + Leisure Co. is a leading membership and leisure travel company, offering dynamic vacation ownership programs at Club Wyndham and the RCI vacation exchange network. The company facilitates over six million vacations annually across 245+ timeshare resorts globally, supported by its 19,500+ employees. More information is available on travelandleisureco.com.
Travel + Leisure Co. (NYSE:TNL), a leader in membership and leisure travel, has been honored as one of the 2024-2025 Best Companies to Work For by U.S. News & World Report. This recognition is based on factors such as pay, benefits, work-life balance, stability, and career opportunities. Additionally, Travel + Leisure Co. ranked 48th on Fair360’s 2024 Top 50 Companies list, highlighting its commitment to fairness in talent strategies and diversity practices. The company is known for its dynamic vacation ownership program and delivers over six million vacations annually.
This summer, Club Wyndham collaborates with SeaWorld to introduce the themed Club Wyndham SeaWorld Suite at the Bonnet Creek resort in Orlando, Florida, available from August 1 to September 8, 2024. The suite is inspired by SeaWorld Orlando’s new Antarctica Realm, featuring the 'Penguin Trek' coaster. Guests booking the suite receive four one-day park admissions to SeaWorld Orlando, complimentary parking, a Penguin Encounter, All-Day Dining, and more. A portion of the booking proceeds will support the SeaWorld Conservation Fund.
Rates start at $439 per night, with various promotional offers available, including a 10% discount at select SeaWorld park destinations. Visit www.extraholidays.com for more details.
Travel + Leisure Co. (NYSE:TNL) has been recognized by USA Today as one of America’s Climate Leaders 2024. This acknowledgment highlights the company's ongoing efforts to reduce its environmental impact, including a $9.8 million investment in 119 energy-efficiency projects and significant progress toward its sustainability goals. The company aims to achieve a 40% reduction in greenhouse gas emissions intensity and a 35% reduction in water withdrawal per square foot by 2025. As of December 2022, Travel + Leisure Co. has already achieved 88.8% of its GHG emissions reduction target, cutting emissions intensity by 35.5% compared to the 2010 baseline. Additionally, the company has expanded its renewable energy portfolio with new solar arrays.