Travel + Leisure Co. - TNL STOCK NEWS

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.

Travel + Leisure Co. (NYSE:TNL) announced that its President and CEO, Michael D. Brown, will participate in a fireside chat at the Morgan Stanley 2nd Annual Travel & Leisure Conference. The event will take place on June 4, 2024, at 1:15 p.m. EDT with a live webcast available on the company's investor relations page.

A replay will be available 24 hours post-event. Travel + Leisure Co. is notable for its innovative vacation ownership programs, including Club Wyndham and RCI, impacting over six million vacations annually across 245+ resorts worldwide.

Travel + Leisure Co. (NYSE:TNL) has announced a cash dividend of $0.50 per share, payable on June 28, 2024, to shareholders of record by June 14, 2024. Additionally, the company’s board has approved a $0.5 billion increase in the share repurchase program. Travel + Leisure is known for its points-based vacation ownership program at Club Wyndham and the vacation exchange network RCI. The company facilitates over six million vacations annually at more than 245 timeshare resorts globally, through various travel and membership products.

Travel + Leisure Co. (TNL) partners with American swimmer Katie Grimes as her official travel and hospitality sponsor for the upcoming Paris Olympics. Grimes, at 18, is the youngest U.S. Olympian qualifier after her bronze at the 2023 FINA World Championships. She joins TNL as an athlete ambassador for the Summer Olympics, highlighting her talent, determination, and passion for travel.

Tickets are now available for the inaugural FOOD & WINE Classic in Charleston, featuring over 40 celebrity chef demonstrations and wine seminars. The event will take place from September 27-29, 2024, showcasing the best of Charleston's culinary scene. Presented by Explore Charleston, the event will include world-class talent such as Tyler Florence, Maneet Chauhan, CJ McCollum, and others. Additional programming will offer local tours and experiences, making it a weekend of celebration and enrichment.

Armed Forces Vacation Club (AFVC) celebrates Military Appreciation Month with special $319 certificates for a 7-night resort stay at 4,200+ resorts worldwide. Members enjoy discounts up to 60% off, with $10 from each certificate donated to the In Honor of Our Troops Foundation. Additional offers include 'R&R' resorts for $344, a free 90-day trial for new members, and premium membership upgrades. AFVC offers savings for military personnel and their families, honoring their sacrifices with affordable vacation options.

Travel + Leisure Co. (TNL) reported strong first quarter 2024 financial results with a net income of $66 million, $0.92 diluted earnings per share, on net revenue of $916 million. Additionally, the company achieved adjusted EBITDA of $191 million and adjusted diluted earnings per share of $0.97. The company expects second quarter adjusted EBITDA of $235 million to $245 million and reaffirms expectations for full year adjusted EBITDA of $910 million to $930 million. The Vacation Ownership segment saw a 6% increase in revenue to $725 million, driven by higher VOI sales and gross VOI sales. The Travel and Membership segment revenue decreased by 4% to $193 million due to a 6% decrease in transactions offset by a 1% increase in revenue per transaction. The company's balance sheet remains strong with a leverage ratio of 3.5x, $479 million in cash and cash equivalents, and $1.2 billion of liquidity. Share repurchases and dividend payments were also highlights of the quarter.