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Travel + Leisure Co. - TNL STOCK NEWS

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.

News

Travel + Leisure Co. to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

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Travel + Leisure Co. (TNL) CEO Michael D. Brown to participate in a fireside chat at J.P. Morgan event. Company updates Investor Presentation with Q4 and full year 2023 financial results.
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WorldMark Offers ‘90s Movie-Themed Vacation Package to Celebrate 25th Anniversary of “10 Things I Hate About You”

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WorldMark by Wyndham® celebrates the 25th anniversary of '10 Things I Hate About You' with a yearlong series, targeting Millennial owners.
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Travel + Leisure Co. Acquisition of Accor Vacation Club Successfully Closes

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Travel + Leisure Co. (TNL) has successfully acquired the vacation ownership business of Accor, integrating it into its structure. This move is expected to boost earnings immediately, expanding Travel + Leisure Co.'s international portfolio and club resort count significantly.
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Travel + Leisure Co. Reports Fourth Quarter and Full-Year 2023 Results and Provides 2024 Outlook

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Travel + Leisure Co. (TNL) reported strong financial results for Q4 and full-year 2023, with net income of $129 million and $396 million respectively. Adjusted EBITDA for Q4 was $240 million and $908 million for the full year. The company repurchased $40 million of common stock in Q4 and $307 million for the full year. The outlook for FY 2024 shows an expected Adjusted EBITDA of $910-$930 million. The acquisition of Accor Vacation Club in Asia-Pacific is a key highlight for the company.
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Travel + Leisure Co. Honored on Fortune World's Most Admired Companies List and Recognized by Forbes as One of America's Best Large Employers

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Travel + Leisure Co. receives prestigious national and international distinctions as one of America's Best Large Employers by Forbes and one of the World's Most Admired Companies List by Fortune for the second year in a row. The company's CEO, Michael D. Brown, expresses gratitude for the recognition, emphasizing the importance of employee dedication and collaboration in achieving the company's mission.
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Timeshare Exchange Pioneer RCI Commemorates 50th Anniversary

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RCI, the world's leading vacation exchange company, celebrates its 50th Anniversary with special branding and travel deals on 50,000+ getaways for its 3.5 million members worldwide. The company pioneered the sharing economy by introducing the first vacation exchange platform in 1974, revolutionizing the timeshare industry. RCI now offers a flexible currency for booking stays at over 600,000 resorts and hotels globally, along with other travel benefits. The milestone numbers include facilitating travel for around 250 million people, hosting 62 million exchanges, and welcoming 4,100+ resorts across 110 countries into its network of affiliated resorts.
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Travel + Leisure Co. Continues Brand Portfolio Expansion with Acquisition of Accor Vacation Club

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Travel + Leisure Co. (TNL) acquires Accor Vacation Club for US$48.4 million, expected to be immediately accretive to earnings. The deal includes 24 resorts and nearly 30,000 members, with Travel + Leisure Co. gaining exclusive rights to develop new vacation ownership clubs and products in the Asia Pacific, Middle East, Africa, and Turkey regions under the Accor Vacation Club brand.
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Travel + Leisure Co. to Report Fourth Quarter and Full-Year 2023 Financial Results on February 21, 2024

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Travel + Leisure Co. (TNL) will release Q4 and full-year 2023 financial results on February 21, 2024, followed by a conference call. President and CEO Michael D. Brown and CFO Mike Hug will discuss the financial performance and business outlook. The webcast can be accessed on the company's website or by dialing a specific number. An archive of the webcast will be available for 90 days.
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Travel + Leisure Co. Successfully Reprices and Upsizes Secured Term Loan B Facility to $598 Million

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Travel + Leisure Co. (NYSE:TNL) announced the closing of the Fifth Amendment to its Credit Agreement, establishing a $598 million 2023 Term Loan B Facility. This facility refinanced $298 million of outstanding borrowings and included additional borrowings of $300 million. The company plans to use the net proceeds to repay its outstanding $300 million 5.65% secured notes due April 2024 and pay related fees and expenses. The 2023 Term Loan B Facility matures on December 14, 2029, and is priced at SOFR plus 3.25% plus a 0.10% SOFR Adjustment, which is 75 basis points lower than the 2022 Incremental Term Loan facility. $298 million of the borrowings priced at par, while the additional $300 million was subject to an original issue discount of 99.75%. The floor rate remains at 0.50%. Mike Hug, CFO of Travel + Leisure Co., expressed satisfaction with the results, highlighting the company's strong appeal to investors.
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THE PREMIER CULINARY EXPERIENCE IS COMING TO THE EAST COAST

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Dotdash Meredith's Food & Wine, Southern Living, and Travel + Leisure are set to debut the inaugural FOOD & WINE Classic in Charleston, presented by Explore Charleston, from September 27 - 29, 2024. The event will feature celebrity chef demos, expert-led wine tastings, cultural excursions, insider tours, and more, aiming to celebrate the best of the city. Tickets will go on sale in Spring 2024, with updates on festival programming, participating talent, travel information, and sponsorship opportunities available on foodandwineclassicincharleston.com.
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FAQ

What is the current stock price of Travel + Leisure Co. (TNL)?

The current stock price of Travel + Leisure Co. (TNL) is $50.83 as of January 7, 2025.

What is the market cap of Travel + Leisure Co. (TNL)?

The market cap of Travel + Leisure Co. (TNL) is approximately 3.5B.

What does Travel + Leisure Co. do?

Travel + Leisure Co. is a leading membership and leisure travel company offering vacation ownership, travel clubs, and travel inspiration through its 20 brands.

What are the core brands under Travel + Leisure Co.?

Core brands include Wyndham Destinations, Panorama, and the Travel + Leisure Group.

What is Wyndham Destinations?

Wyndham Destinations is the largest vacation ownership company in the world, with over 245 vacation club resort locations.

What is Panorama?

Panorama is a membership travel business that includes the largest vacation exchange company and several subscription travel brands.

What services does the Travel + Leisure Group offer?

The Travel + Leisure Group offers premium travel content, travel clubs, and various travel services.

How does Travel + Leisure Co. generate its revenue?

The company primarily earns revenue from the sale of vacation ownership interests (VOIs), consumer financing, and property management services.

Where does Travel + Leisure Co. primarily operate?

The majority of its revenue is generated from operations in the United States.

What are some recent achievements of Travel + Leisure Co.?

A recent achievement is the announcement of the FOOD & WINE Classic in Charleston, taking place in September 2024.

How does Travel + Leisure Co. inspire travel?

Through its extensive portfolio of travel brands, premium content, and dedicated services, the company inspires millions to explore new destinations.

Where can I learn more about Travel + Leisure Co.?

You can visit their official website at travelandleisureco.com for more information.
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Travel + Leisure Co.

NYSE:TNL

TNL Rankings

#1548 Ranked by Market Cap
#809 Ranked by Dividends

TNL Stock Data

3.48B
64.15M
5.46%
91.66%
1.87%
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