Travel + Leisure Co. - TNL STOCK NEWS

Travel + Leisure Co. (NYSE:TNL) has announced it will release its third quarter 2024 financial results on Wednesday, October 23, 2024, before the market opens. This will be followed by a conference call at 8:00 a.m. EDT, where President and CEO Michael D. Brown and CFO Mike Hug will discuss the company's business outlook and financial performance.

Participants can access the call through a simultaneous webcast on the company's website or by dialing in. An archive of the webcast will be available on the company's website for 90 days after the call. Travel + Leisure Co. provides over six million vacations to leisure travelers annually, operating a portfolio of vacation ownership, travel club, and lifestyle travel brands.

Travel + Leisure Co. (NYSE:TNL) has been recognized as one of the World's Most Trustworthy Companies for 2024 by Newsweek, marking its second consecutive year on this prestigious list. The ranking, based on a survey conducted by Statista, evaluated companies across 23 industries in 20 countries, focusing on customer loyalty, brand reputation, employee morale, and investor confidence.

The survey involved over 70,000 participants, resulting in 230,000 evaluations analyzing three key trust factors: Investor Trust, Customer Trust, and Employee Trust. This recognition underscores Travel + Leisure Co.'s commitment to its mission of putting the world on vacation, supported by a culture emphasizing hospitality, engagement, accountability, respect, and teamwork.

Travel + Leisure Co. (NYSE:TNL) has released its 2023 Environmental, Social, and Governance (ESG) Report, highlighting its commitment to responsible global tourism. Key achievements include:

Environmental: 38.6% reduction in carbon emissions intensity since 2010, 2.1 million pounds of resort items diverted from landfills, and over 2 million trees planted since 2009.

Social: 93% retention rate for graduates of learning programs, 28,911 employee volunteer hours, and $122 million spent with diverse suppliers.

Governance: 100% of Diversity Resource Groups sponsored by management, mandatory ethics training for all employees, and ESG oversight by three Board committees.

CEO Michael D. Brown emphasized the company's commitment to sustainable, ethical operations aligned with UN Sustainable Development Goals and stakeholder priorities.

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.