Travel + Leisure Co. - TNL STOCK NEWS

Travel + Leisure Group has announced the launch of a new brand licensing business under Travel + Leisure Co. (NYSE: TNL). This initiative aims to create premium consumer products leveraging the Travel + Leisure brand, allowing the company to expand its offerings beyond traditional media. Phil Raso has been appointed as the Director of Brand Licensing to spearhead this effort. The move is part of a broader strategy to enhance consumer engagement through curated products and services, tapping into the brand's 50 years of expertise in the travel space.

Travel + Leisure Co. (NYSE:TNL) announced its Q1 2021 financial results, reporting a net income of $29 million on revenues of $628 million. Adjusted EBITDA was $129 million with diluted EPS at $0.33. The company generated $78 million in cash from operations and reported $500 million in term securitization, achieving the best terms in its history. Management expects Q2 adjusted EBITDA between $160 million and $170 million and plans to recommend a $0.30 per share dividend. Increased bookings and leisure travel demand signal a recovery.

Meredith Corporation's Travel + Leisure has released its 2021 It List, featuring 73 of the world's best new hotels, selected by its editors. The list showcases properties across 29 countries, emphasizing the resilience of the hospitality industry amidst challenges. Notable mentions include hotels from various styles, such as safari lodges and luxury resorts, with 30 properties located in the United States. The It List is highlighted in the May issue of Travel + Leisure and is aimed at inspiring travelers to plan future trips.

Meredith Corporation's (NYSE: MDP) Travel + Leisure has launched the second season of its Let's Go Together podcast, debuting new episodes every Wednesday. The host, Kellee Edwards, will continue to share diverse traveler stories and explore various cultures. The premiere episode features Annise Parker, the former mayor of Houston. The season will consist of over 25 episodes, with different guest hosts from Travel + Leisure. Listeners can access the podcast on platforms like Apple Podcasts and Spotify. Travel + Leisure reaches over 30 million audiences globally.

Travel + Leisure Co. (NYSE:TNL) will release its first quarter 2021 financial results on April 28, 2021, before market opening. A conference call led by CEO Michael D. Brown and CFO Mike Hug will follow at 8:30 a.m. ET to discuss financial performance and business outlook. Interested participants can join the call via webcast on the company's investor website or by phone. An archive of the call will be available afterward. The company is a leader in membership and leisure travel, operating nearly 20 travel brands globally.

Travel + Leisure Co. (NYSE:TNL) has successfully completed a $500 million term securitization transaction through Sierra Timeshare 2021-1 Receivables Funding LLC. The issuance includes Class A Notes totaling $165 million at a 0.99% coupon, Class B Notes at $151 million with a 1.34% coupon, Class C Notes at $121 million with a 1.79% coupon, and Class D Notes at $64 million with a 3.17% coupon, achieving a weighted average coupon of 1.57%. The transaction's advance rate was 98%, highlighting strong investor demand that enabled an upsizing of $200 million.

Travel + Leisure Co. (NYSE:TNL) will have president and CEO Michael D. Brown and CFO Mike Hug speaking at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 11, 2021 at 9:30 a.m. ET. A live audio webcast will be available on the company's investor relations website, and a replay will be accessible for 30 days after the event.

This company is recognized as a leading membership and leisure travel entity, managing nearly 20 brands, including Wyndham Destinations and Panorama, providing superior vacation experiences to millions annually.

Travel + Leisure Co. (NYSE:TNL) announced a cash dividend of $0.30 per share on its common stock, payable on March 31, 2021. Shareholders of record as of March 15, 2021 will receive this dividend. With a strong portfolio of nearly 20 travel brands, including Wyndham Destinations and Panorama, the company aims to deliver exceptional vacation experiences and travel inspiration.