Travel + Leisure Co.
Travel + Leisure Co. is the world’s leading membership and leisure travel company, encompassing nearly 20 resort, travel club, and lifestyle travel brands, including Wyndham Destinations and Panorama.
Services
Travel + Leisure Co. offers a comprehensive range of services through its various business lines, including vacation ownership, membership travel, and lifestyle travel. It provides access to nearly 20 resort, travel club, and lifestyle travel brands. The Travel + Leisure Group delivers multi-platform content and licensed consumer products, while partnerships with entities like AllTrails enable bookable outdoor adventures. Travel + Leisure GO is a subscription travel club offering discounts, expert advice, exclusive perks, and unforgettable experiences to its members.
Brands and Subsidiaries
Travel + Leisure Co. encompasses three primary business lines: Wyndham Destinations, Panorama, and Travel + Leisure Group. Wyndham Destinations is recognized as the world’s largest vacation ownership company with over 245 vacation club resorts globally. Panorama includes the largest vacation exchange company as well as various membership travel brands. The Travel + Leisure Group integrates trusted content from Travel + Leisure with licensed and branded consumer offerings. The company also supports military members and their families via the Armed Forces Vacation Club.
Sustainability Initiatives
Travel + Leisure Co. is dedicated to sustainable practices and responsible tourism. In 2022, it reduced water usage by over 2.7 million gallons compared to 2021 and completed 119 energy-efficiency projects that significantly cut GHG emissions intensity by 35.5% relative to its 2010 baseline. In collaboration with the Arbor Day Foundation, the company planted over 1.8 million trees. Travel + Leisure Co. continues to invest in educational programs and innovative projects for managing water, waste, and energy resources effectively.
Financial Performance
In the first quarter of 2024, Travel + Leisure Co. reported a net income of $66 million on net revenue of $916 million. The company declared a regular cash dividend of $0.50 per share, payable on June 28, 2024, and increased its share repurchase authorization by $0.5 billion. The company continues to strengthen its financial position through strategic investments and shareholder returns.
Partnerships and Sponsorships
Travel + Leisure Co. has engaged in multiple partnerships and sponsorships to enhance its market presence and customer engagement. It announced a multi-year marketing agreement with Allegiant for cross-company promotions. In the realm of sports, it sponsors American competitive swimmer Katie Grimes as her official travel and hospitality partner for the Summer Olympic Games in Paris. These initiatives reflect the company's commitment to leveraging partnerships for mutual growth and increased visibility.