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) announced that Chief Financial Officer Mike Hug will retire by June 1, 2025, after more than 25 years with the company. The company has initiated a search for his replacement, considering both internal and external candidates.
Hug, who has served as CFO since the company's spin-off from Wyndham Hotels & Resorts in 2018, played a key role in the company's evolution to Wyndham Destinations and later in acquiring the Travel + Leisure brand in 2021. He previously led financial services teams, IT operations, and Wyndham Consumer Finance operations. He will continue in his role until a successor is identified or until his retirement date, ensuring an orderly transition.
Club Wyndham, the nation's largest vacation club, has received two significant recognitions in 2024: Club Wyndham Steamboat Springs in Colorado was named a top family-friendly resort in the Parents Family Travel Awards, and the brand was named 'Best Family-Friendly Vacation Company' in Wherever Family's 2024 Wherever Awards.
The Steamboat Springs resort, located near Steamboat Ski Resort and Routt National Forest, offers comprehensive family amenities including indoor and outdoor pools, hot tubs, BBQ areas, and a game room. The property was selected from among 37 standout choices after evaluation of factors such as value, accessibility, activities, accommodations, and hospitality.
Club Wyndham provides access to over 100 resorts featuring spacious suites with multiple bedrooms, living areas, and fully equipped kitchens. The brand's recognition highlights its commitment to offering family-friendly vacation experiences across diverse locations from the Rocky Mountains to Hawaii and Central Florida.
Travel + Leisure Co. (NYSE:TNL) has successfully closed the Sixth Amendment to its Credit Agreement, establishing an $875 million incremental term loan facility. The 2024 Term Loan B Facility, maturing on December 14, 2029, is priced at SOFR plus 250 basis points at par.
The new facility replaces and reprices $593 million of outstanding borrowings under the 2023 incremental term loan B facility and refinances $282 million of outstanding borrowings under the 2018 term loan B facility. The transaction will generate annual interest savings of nearly $5 million with no original issue discount.
Travel + Leisure Co. (NYSE:TNL) has been recognized among America's Most Responsible Companies in 2025 by Newsweek, marking its third recognition since the list's inception in 2020. The company, which employs 19,000 associates globally, was evaluated based on Environmental, Social, and Corporate Governance (ESG) criteria.
The recognition process involved analyzing the top 2,000 U.S.-based public companies using 30 performance indicators and a survey of over 26,000 U.S. residents to assess CSR reputation. Previous recognitions were received in 2022 and 2021.
Chief Human Resources Officer Kimberly Marshall emphasized the company's commitment to sustainable and ethical operations, focusing on creating a more sustainable, equitable future while pursuing their mission to 'put the world on vacation.'
Travel + Leisure Co. (NYSE:TNL) has announced its participation in two major investment conferences this December. CFO Mike Hug will present at the Barclays Eat, Sleep, Play, Shop Conference on December 3, 2024, at 12:45 p.m. EST. The following day, both CEO Michael D. Brown and CFO Mike Hug will attend the Morgan Stanley Global Consumer & Retail Conference on December 4, 2024, at 3:00 p.m. EST.
Both sessions will be available via live audio webcast on the company's investor relations website, with replays available 24 hours after each event. Travel + Leisure Co. serves over six million vacationers annually through its portfolio of vacation ownership, travel club, and lifestyle travel brands, supported by 19,000+ associates worldwide.
RCI, a global travel network with 3.5 million members, and Barclays US Consumer Bank have renewed their co-branded credit card partnership that began in 2012. Under the new agreement, Barclays will remain the exclusive issuer of the RCI Elite Rewards World Mastercard. This renewal follows the recent launch of the Capital Vacations World Mastercard, also developed with RCI. Both cards offer exclusive benefits and rewards for cardmembers. RCI, part of Travel + Leisure Co. (NYSE:TNL), provides access to over 4,000 affiliated resorts in approximately 100 countries.
Travel + Leisure Co. (NYSE:TNL) has been named the No. 1 Top Workplace among companies with 150+ employees in Top Workplaces Hawai'i 2024, marking its third consecutive year on the list. The company operates 17 vacation club resorts across Kaua'i, O'ahu, Maui and Hawai'i under the Club Wyndham and WorldMark by Wyndham brands, employing approximately 850 associates in the state.
The recognition, determined solely through employee feedback surveys conducted by Energage, reflects the company's commitment to fostering a workplace culture focused on hospitality, engagement, accountability, respect and teamwork. Travel + Leisure Co. was among only 10 organizations to make this year's list, demonstrating its success in creating an environment where employees feel empowered to provide exceptional vacation experiences.
Travel + Leisure has named Thailand as the 2025 Destination of the Year, marking the tenth year of this recognition program. Thailand was selected for its rich cultural heritage, dynamic culinary scene, and blend of tradition with modern innovation. The country offers diverse experiences across regions, from Bangkok's cutting-edge food scene and vibrant LGBTQ+ community to 1,430 islands including Koh Samui, which will host the upcoming season of HBO's The White Lotus. The destination features luxury resorts, wildlife conservation efforts, particularly for Asian elephants, and cultural hubs like Isan. A comprehensive guide will be available in Travel + Leisure's December/January 2025 issue.
Travel + Leisure Co. (NYSE:TNL) has announced its board of directors has declared a regular cash dividend of $0.50 per share on the company's common stock. The dividend will be payable on December 31, 2024, to shareholders of record as of December 13, 2024. The company serves over six million vacationers annually through its portfolio of vacation ownership, travel club, and lifestyle travel brands, employing more than 19,000 associates globally.
Travel + Leisure Co. (NYSE:TNL) reported strong third quarter 2024 results with net income of $97 million and net revenue of $993 million. The company achieved $1.39 diluted earnings per share from continuing operations and adjusted EBITDA of $242 million. Volume per guest remained above $3,000 with a 4% increase in tours year-over-year and new owner tours up 9%. The company returned $105 million to shareholders through dividends and share repurchases. Management expects fourth quarter adjusted EBITDA between $240-260 million and reaffirmed full-year guidance.