Articles from Travel + Leisure Co.

Travel + Leisure Co., a leading vacation ownership and membership travel company employing 19,000 associates globally, today announced it was named to the World’s Most Admired Companies List by Fortune for the third consecutive year. This prestigious international recognition underscores the company’s reputation as a top employer and further solidifies its standing as a globally respected and trusted organization.

Travel + Leisure Co. (NYSETNL) announced today it will release fourth quarter and full-year 2024 financial results on Wednesday, February 19, 2025, before the market opens, followed by a conference call at 8:30 a.m. EST. Michael D. Brown, President and CEO, and Mike Hug, CFO, will discuss the Company's business outlook and financial performance.

Travel + Leisure Co. (NYSETNL), the world’s leading vacation ownership and membership travel company, is offering Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Shell Vacations Club timeshare owners evacuated as a result of the Southern California wildfires temporary emergency housing at its local resorts.

Travel + Leisure Co. (NYSETNL) today announced that after more than 25 years with the company, Chief Financial Officer Mike Hug has decided to retire by June 1, 2025. Hug has served as CFO since the company spun off Wyndham Hotels & Resorts in 2018.

Club Wyndham®, the nation’s largest vacation club, today announced Club Wyndham Steamboat Springs in Colorado was named a top family-friendly resort in the 2024 Parents Family Travel Awards. Club Wyndham was also recently named the ‘Best Family-Friendly Vacation Company’ in Wherever Family’s 2024 Wherever Awards. These accolades underscore the brand’s exceptional reputation for offering homestyle condo accommodations and resort amenities in dynamic locations, providing the perfect setting for families to create lasting memories together.

Travel + Leisure Co. (NYSETNL) announced today the closing of the Sixth Amendment to its Credit Agreement, which established an $875 million incremental term loan (the “2024 Term Loan B Facility”). The 2024 Term Loan B Facility matures on December 14, 2029, and priced at SOFR plus 250 basis points at par. This facility replaces and reprices the $593 million of outstanding borrowings under the 2023 incremental term loan B facility and refinances the $282 million of outstanding borrowings under the Company’s 2018 term loan B facility due May 31, 2025.

Travel + Leisure Co. (NYSETNL), a leading vacation ownership and membership travel company employing 19,000 associates globally, announced it was named among America’s Most Responsible Companies in 2025 by Newsweek. This is the third time the company received this distinction following the introduction of the America’s Most Responsible Companies list in 2020.

Travel + Leisure Co. (NYSETNL) announced today that Mike Hug, Chief Financial Officer, will participate in a fireside chat session at the Barclays Eat, Sleep, Play, Shop Conference on Tuesday, December 3, 2024 at 12:45 p.m. EST.

Travel + Leisure Co. (NYSETNL), a vacation ownership and membership travel company providing more than six million vacations to travelers each year, today announced it was named a Top Workplace in Top Workplaces Hawai’i for the third year in a row. Ranked No. 1 among winners with 150+ employees, the company is one of only 10 organizations that made this year’s list, the results of which are determined solely by employee feedback surveys.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company's common stock of $0.50 per share, payable December 31, 2024 to shareholders of record as of December 13, 2024.

Travel + Leisure Co. (NYSETNL), the world’s leading vacation ownership and membership travel company, today reported third quarter 2024 financial results for the three months ended September 30, 2024. Highlights and outlook include:

Travel + Leisure Co. (NYSETNL) announced today it completed a term securitization transaction involving the issuance of $325 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.18%. The advance rate for this transaction was 98.00%.

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

Travel + Leisure Charitable Foundation, established by Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, expanded its commitment to the Town of Eatonville, Florida, by funding the new Hawk Haven Preschool – a free preschool program provided through Orange County Public Schools and operated out of Hungerford Elementary School (home of the Hawks). The addition of this preschool program complements the Foundation’s existing Eatonville Scholarship Program for qualifying high school seniors in Eatonville, helping support student success at every stage of life.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today announced it was named among the World’s Most Trustworthy Companies in 2024 by Newsweek. This is the second consecutive year the company received this distinction following the introduction of the World’s Most Trustworthy Companies list in 2023.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today shared its 2023 Environmental, Social, and Governance (ESG) Report. The annual report outlines the company’s progress towards its ESG commitments grounded by the principle of responsible tourism.

The Travel + Leisure Charitable Foundation, established by Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, has partnered with the School District of Osceola County, Florida, to bring the Travel + Leisure Scholarship Program to qualifying Osceola County students beginning the 2024-2025 school year. Inspired by the work of philanthropist Harris Rosen and his advocacy for local diverse communities, this new scholarship provides an opportunity for Osceola County students to seek a college education without financial burden and mirrors the program the Travel + Leisure Charitable Foundation created in Eatonville, Florida, in 2021.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company's common stock of $0.50 per share, payable September 30, 2024 to shareholders of record as of September 13, 2024.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today reported second quarter 2024 financial results for the three months ended June 30, 2024. Highlights and outlook include:

Travel + Leisure Co. (NYSETNL) announced today it completed a term securitization transaction involving the issuance of $375 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.56%. The advance rate for this transaction was 96.00%.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today announced that TIME Magazine has named the company as one of America’s Best Mid-Size Companies in their inaugural rankings.

Travel + Leisure Co. (NYSETNL) announced today it will release second quarter 2024 financial results on Wednesday, July 24, 2024, before the market opens, followed by a conference call at 8:30 a.m. EDT. Michael D. Brown, President and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today announced that U.S. News & World Report has named the company among its 2024-2025 list of Best Companies to Work For.

This summer, Club Wyndham®, one of the nation’s largest vacation clubs, is inviting travelers to get their chill on in the coolest place they’ll ever stay. Club Wyndham has partnered with SeaWorld® during its 60th Anniversary to introduce a custom designed suite at the Club Wyndham Bonnet Creek resort in Orlando, Florida, near SeaWorld Orlando.

Travel + Leisure Co. (NYSETNL) announced today that Michael D. Brown, President and Chief Executive Officer, will participate in a fireside chat session at the Morgan Stanley 2nd Annual Travel & Leisure Conference on Tuesday, June 4, 2024 at 1:15 p.m. EDT.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company's common stock of $0.50 per share, payable June 28, 2024 to shareholders of record as of June 14, 2024.

Global membership and leisure travel company, Travel + Leisure Co. (NYSETNL), today announced it has partnered with American competitive swimmer, Katie Grimes, as her official travel and hospitality partner ahead of the Summer Olympic Games in Paris.

Armed Forces Vacation Club (AFVC), a free membership travel club for military members and their families, kicks off Military Appreciation Month with a special promotion—$319 certificates* redeemable for a seven-night resort stay at 4,200+ resorts worldwide.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today reported first quarter 2024 financial results for the three months ended March 31, 2024. Highlights and outlook include:

Travel + Leisure Co. (NYSETNL) and Allegiant NASDAQ: ALGTNASDAQALGT)

RCI®, the world’s leading vacation exchange company celebrating 50 years in the industry, commemorated Earth Day by announcing the winners of the annual RCI® Green Awards program.

At the annual American Resort Development Association (ARDA) Timeshare Together conference, Travel + Leisure Co. (NYSETNL) was honored with a total of 18 awards, including the prestigious ARDA ACE Employee of the Year Award for Scott Cavanaugh, vice president, Strategic Partnerships and Licensing.

Club Wyndham®, the nation’s largest vacation club, spreads the love this Mother’s Day with a special promotion – a complimentary in-suite breakfast in bed experience prepared by a private chef, just for mom. Valid at nine Club Wyndham resort properties across the U.S., guests who book a qualifying stay over Mother’s Day (May 12) will receive a free meal code to redeem with private chef network Take a Chef.

Travel + Leisure Co. (NYSETNL) announced today it will release first quarter 2024 financial results on Wednesday, April 24, 2024, before the market opens, followed by a conference call at 8:00 a.m. EDT. Michael D. Brown, President and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.

Leading membership and leisure travel company Travel + Leisure Co. today announced it received two national recognitions reflecting the company’s engaged workplace culture, as well as strong consumer, investor and employee trust in its products and operations. The company was named a 2024 Gallup Exceptional Workplace Award winner and was also honored by Newsweek as one of America’s Most Trustworthy Companies 2024.

Travel + Leisure Co. (NYSETNL) announced today that it has completed a term securitization transaction involving the issuance of $350 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.66%. The advance rate for this transaction was 95.25%.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company’s common stock, increasing the quarterly dividend rate by 11% to $0.50 per share from $0.45 per share. The dividend is payable March 29, 2024 to shareholders of record as of March 21, 2024.

Travel + Leisure Co. (NYSETNL) announced today that Michael D. Brown, President and Chief Executive Officer, will participate in a fireside chat session at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Friday, March 15, 2024 at 12:05 p.m. EDT.

Vacation club brand WorldMark by Wyndham® commemorates the 25th anniversary of the popular 1999 rom-com “10 Things I Hate About You” with a special vacation package. For a limited time, movie-lovers can book a discounted stay at WorldMark – The Camlin in Seattle, Washington (where the movie takes place), and receive plenty of in-suite freebies to inspire serious ‘90s nostalgia.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, has successfully closed the acquisition of the vacation ownership business of global hospitality giant Accor (AC:FP). The acquisition is expected to be immediately accretive to Travel + Leisure Co. earnings.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today reported fourth quarter and full-year 2023 financial results for the period ended December 31, 2023.

Leading membership and leisure travel company Travel + Leisure Co. today announced it received national and international distinctions highlighting the company’s reputation as an excellent employer and one of the world’s most reputable and respected companies. The company was listed among America’s Best Large Employers by Forbes, as well as highlighted as one of the World’s Most Admired Companies List by Fortune for the second consecutive year.

RCI®, the world’s leading vacation exchange company, today commemorates its 50th Anniversary, marking 50 years since it pioneered the sharing economy by transforming the timeshare industry with the introduction of the first vacation exchange platform. To celebrate this milestone, the company is rolling out special “RCI 50” branding and a dedicated website hub, as well as offering travel deals throughout the year on 50,000+ getaways to its 3.5 million members worldwide.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, announced an agreement to acquire the vacation ownership business of global hospitality giant Accor (AC:FP) for US$48.4 million. The acquisition is expected to close in the first quarter of 2024 and to be immediately accretive to Travel + Leisure Co. earnings upon completion.

Travel + Leisure Co. (NYSETNL) announced today it will release fourth quarter and full-year 2023 financial results on Wednesday, February 21, 2024, before the market opens, followed by a conference call at 8:30 a.m. EST. Michael D. Brown, president and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.

Travel + Leisure Co. (NYSETNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”). The 2023 Term Loan B Facility refinanced $298 million of outstanding borrowings under the 2022 Incremental Term Loan facility and included additional borrowings of $300 million. The company expects to use net proceeds from the 2023 Term Loan B, together with available cash on hand and revolving credit facility borrowings to repay its outstanding $300 million 5.65% secured notes due April 2024 and pay related fees and expenses.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, announced it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Travel + Leisure Co. joins the ranks of 545 major U.S. businesses that also earned top marks this year.

Travel + Leisure Co. (NYSETNL) announced today that Mike Hug, Chief Financial Officer, will host a fireside chat session at the Barclays Eat, Sleep, Play Conference on Tuesday, Nov. 28, 2023 at 1:15 p.m. EST.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company's common stock of $0.45 per share, payable December 29, 2023 to shareholders of record as of December 15, 2023.

Extra Holidays, a booking site that offers condo vacations at hotel prices, is ringing in the holiday season with savings of up to 30% off at 58 resorts in popular travel destinations.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today reported third quarter 2023 financial results for the three months ended September 30, 2023. Highlights and outlook include:

Travel + Leisure Co. (NYSETNL) announced today that it has completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.78%. The advance rate for this transaction was 91.75%.

Travel + Leisure Co. (NYSETNL) announced today it will release third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens, followed by a conference call at 8:00 a.m. EDT. Michael D. Brown, president and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.

Travel + Leisure Co. (NYSETNL) announced today it will release third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens, followed by a conference call at 8:30 a.m. EDT. Michael D. Brown, president and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, was recently recognized by U.S. News & World Report as one of the 2024 U.S. News Best Companies to Work For on its inaugural travel and leisure-specific industry list.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, and Sports Hospitality Ventures, LLC, hotel and resorts licensee for the Sports Illustrated brand across North America and the Caribbean, introduced a new concept for a network of future sports-themed resort and lifestyle complexes located in popular college towns near universities with devoted fan bases.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today published its 2022 Environmental, Social, and Governance (ESG) Report. The annual report provides an overview of the company’s progress and benchmarks, recognizing its ongoing commitment to integrate ESG practices into global business operations.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company's common stock of $0.45 per share, payable September 29, 2023 to shareholders of record as of September 15, 2023.

Heroes Vacation Club®, a free travel club for front line workers, announced today ‘The Ultimate Vegas Trip Giveaway,’ offering its members the chance to win a trip for two (2) to Las Vegas to commemorate football’s biggest game of the year.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today reported second quarter 2023 financial results for the three months ended June 30, 2023. Highlights and outlook include:

Travel + Leisure Co. (NYSETNL) announced today that it has completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.72%. Sierra Timeshare 2023-2 Receivables Funding LLC issued $123 million of Class A Notes, $77 million of Class B Notes, $63 million of Class C Notes, and $37 million of Class D Notes. The Class A Notes have a coupon of 5.80%, the Class B Notes have a coupon of 6.28%, the Class C Notes have a coupon of 7.30%, and the Class D Notes have a coupon of 9.72%. The advance rate for this transaction was 91.7%.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, announced that Jon G. Muñoz joined the company in the role of Senior Vice President, Environmental, Social, and Governance.

Travel + Leisure Co. (NYSETNL) announced that U.S. News & World Report has named the company among its inaugural 200 Best Companies to Work For.

Travel + Leisure Co. (NYSETNL) announced today it will release second quarter 2023 financial results on Wednesday, July 26, 2023, before the market opens, followed by a conference call at 8:30 a.m. EDT. Michael D. Brown, president and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, announced today that Amandine Robin will join the company as Chief Brand and Communications Officer, serving on the company’s Executive Committee. In this new role, Ms. Robin will lead the company’s brand, communications, and digital marketing programs as the organization executes on the expansion of its multi-brand strategy.

Atlanta’s newest resort in Centennial Park, Margaritaville Vacation Club® – Atlanta, extended its commitment to the city today, announcing its presenting partnership of Georgia Aquarium’s Dolphin Coast presentation and gallery.

RCI®, the world’s premier vacation exchange company, announced today the winners of the annual RCI® Green Awards program.

Travel + Leisure Co. (NYSETNL) announced today that Michael D. Brown, president and CEO, will participate in a fireside chat at the Bernstein 39th Annual Strategic Decisions Conference on Thursday, June 1, 2023 at 3:30 p.m. EDT.

The board of directors of Travel + Leisure Co. (NYSETNL) declared a regular cash dividend on the company's common stock of $0.45 per share, payable June 30, 2023 to shareholders of record as of June 15, 2023.

Heroes Vacation Club, a free travel club for front line workers, kicks off Heroes’ Appreciation Month with a special offer – just in time for a busy summer travel season. Now through the end of the month, hardworking heroes can sign up for a free 60-day trial of Heroes Vacation Club Premium, unlocking special perks and the deepest savings the travel club has to offer.

Extra Holidays, a booking site offering condo vacations at hotel prices, invites families to close the book on school year stress and take a “Bookcation” this summer. Available at 10 resorts across the U.S. and its territories, travelers receive a discount of 20% off select accommodations and a book-lover’s gift basket. Travelers who sign up for the free Insider Extras instant rewards program at time of booking will also receive a $25 Amazon digital gift card redeemable for millions of books, eBooks and Audible audio books.

Travel + Leisure Co. (NYSETNL), the world’s leading membership and leisure travel company, today reported first quarter 2023 financial results for the three months ended March 31, 2023. Highlights and outlook include:

Wyndham Destinations, the world’s largest vacation ownership company, was recognized for the newest resort in its portfolio, Club Wyndham Atlanta, taking home three resort-specific awards at the 2023 American Resort Development Association (ARDA) Timeshare Together Conference.

At the annual American Resort Development Association (ARDA) Timeshare Together conference, Travel + Leisure Co. (NYSETNL) was honored with a total of 19 awards, including the prestigious ARDA ACE Award for Diversity & Inclusion Program.

Travel + Leisure Co. (NYSETNL) announced today that it has completed a term securitization transaction involving the issuance of $250 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.33%. Sierra Timeshare 2023-1 Receivables Funding LLC issued $95 million of Class A Notes, $66 million of Class B Notes, $60 million of Class C Notes, and $29 million of Class D Notes. The Class A Notes have a coupon of 5.20%, the Class B Notes have a coupon of 5.83%, the Class C Notes have a coupon of 7.00%, and the Class D Notes have a coupon of 9.80%. The advance rate for this transaction was 91.25%.