Welcome to our dedicated page for Travel + Leisure Co. news (Ticker: TNL), a resource for investors and traders seeking the latest updates and insights on Travel + Leisure Co. stock.
Travel + Leisure Co. (TNL) is the world's premier membership and leisure travel company, renowned for its extensive portfolio of nearly 20 travel brands. The company excels in delivering exceptional vacation experiences and travel inspiration to millions of owners, members, and subscribers annually through its diverse offerings.
At the heart of Travel + Leisure Co. is Wyndham Destinations, the largest vacation ownership company globally, with over 245 vacation club resort locations spanning the globe. This segment drives significant revenue, developing, marketing, and selling vacation ownership interests (VOIs) to individual consumers. Additionally, it provides consumer financing for VOI sales and manages properties at these resort locations.
The company's Panorama division represents the pinnacle of membership travel services. It includes the world's largest vacation exchange company and a variety of subscription travel brands. Panorama connects millions of travelers with top-tier vacation options, fostering a global community of travel enthusiasts.
The Travel + Leisure Group adds another dimension to the company's offerings, featuring premium travel content and services, including the brand's flagship travel club. This group not only inspires travel but also provides a range of services to enhance the travel experience.
Known for its hospitality excellence, Travel + Leisure Co. employs a global team dedicated to turning travel inspiration into memorable vacations. Through its extensive reach and quality service, the company indeed puts the world on vacation.
Recent achievements include the announcement of the premier FOOD & WINE Classic in Charleston, slated for September 27-29, 2024. This event, presented by Explore Charleston, will feature celebrity chef demonstrations, wine and cocktail seminars, and more, showcasing Charleston's rich culinary traditions and culture.
Financially, Travel + Leisure Co. primarily generates revenue from its U.S. operations, capitalizing on its robust market presence and diverse product offerings. The company continues to expand through strategic partnerships and innovative projects, solidifying its position as a leader in the travel industry.
For more information, visit travelandleisureco.com.
Club Wyndham, a leading vacation ownership brand under Wyndham Destinations (NYSE: TNL), has donated five lots of land in Pagosa Springs, Colorado, to Habitat for Humanity of Archuleta County. This marks the company's inaugural land donation to the organization, which will develop the land into affordable single-family housing for local residents. In addition to the land, Club Wyndham employees have contributed over 100 volunteer hours to assist in building homes. Habitat for Humanity aims to build 15 homes in five years, with the first four lots expected to be developed by 2026. The fifth lot requires infrastructure improvements before construction can commence.
Travel + Leisure Co. (NYSE:TNL) will release its fourth quarter and full-year 2022 financial results on February 22, 2023, before the market opens. CEO Michael D. Brown and CFO Mike Hug will discuss the company's performance in a conference call at 8:30 a.m. ET. A live webcast can be accessed via the company's website. The session will also be available for replay for 90 days after the call. Travel + Leisure Co. is recognized as a leading membership and leisure travel company with nearly 20 brands, including Wyndham Destinations and Panorama.
Travel + Leisure Co. (NYSE:TNL) announced the closing of a $300 million incremental Term Loan B, maturing on December 14, 2029. The funds will be used to redeem $400 million in secured notes with a 3.90% interest due March 2023, along with related fees. The loan has flexible interest options, including rates based on Base Rate or Term SOFR, plus applicable margins. The Term Loan B will amortize quarterly, starting from the first full fiscal quarter post-closing.
Club Wyndham has partnered with Take a Chef to provide an exclusive private chef experience for guests at select U.S. resorts. This program allows visitors to enjoy a complimentary farm-to-table meal prepared by a private chef directly in their suite. As a promotional kickoff, Club Wyndham is giving away up to $25,000 in private chef experiences, available for bookings made through December 30, 2023. The initiative targets travelers seeking enhanced culinary offerings during their stays, aligning with recent trends where over half of travelers express a desire for accommodations equipped with kitchens.
Travel + Leisure Co. (NYSE:TNL) announced that Michael D. Brown, President and CEO, along with Mike Hug, CFO, will present at the Barclays Eat, Sleep, Play Conference on November 29, 2022, at 12:30 p.m. EST. A live audio webcast will be accessible on the company's investor relations site, travelandleisureco.com/investors, with a replay available about 12 hours post-event. TNL is a global leader in membership and leisure travel, operating multiple brands including Wyndham Destinations and Panorama.
The board of directors of Travel + Leisure Co. (NYSE:TNL) announced a cash dividend of
Wyndham Destinations is offering up to 25% off at 60 resorts through its Extra Holidays portal. This promotion begins on November 21 and runs through November 28, coinciding with Black Friday and Cyber Monday. Discounts are available for various travel destinations in the U.S. and internationally, including Japan and France. The offer allows travelers to explore vacation ownership with promotional rates, targeting early 2023 travelers.
Travel + Leisure GO has been announced as the presenting sponsor of the New York International Travel Show from October 28-30, 2022, at the Jacob K. Javits Convention Center. This marks the first major appearance for the new travel club, allowing consumers to explore membership benefits. Fiona Downing, Chief Membership Officer, noted the resurgence in travel interest post-pandemic. Attendees will learn about travel trends and can sign up for a free trial at the event. Travel + Leisure Co. continues to be a leading brand in travel and membership services.
Travel + Leisure Co. (NYSE:TNL) reported its third quarter 2022 financial results, highlighting a net income of $116 million and a diluted earnings per share of $1.38 on $937 million in net revenue. The company achieved an adjusted EBITDA of $234 million and expects full-year adjusted EBITDA between $855 million and $865 million. Operating cash flow reached $267 million, while adjusted free cash flow for the year-to-date is $195 million. Additionally, the company repurchased $115 million in stock during Q3 and plans to recommend a $0.40 per share dividend.
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