Travel + Leisure Earnings Reports

Travel + Leisure Co. saw a 4% YoY increase in revenue, driven by strong Vacation Ownership sales. However, net income declined by 8% YoY due to higher provision rates and cost pressures.

Travel + Leisure Co. reported a net income of $97 million, or $1.39 diluted earnings per share, on net revenue of $993 million for the third quarter of 2024. The company's VPG was above $3,000, driven by a 4% increase in tours year-over-year. The company returned $105 million to shareholders through dividends and share repurchases.

Travel + Leisure Co. reported a net income of $129 million on net revenue of $985 million for Q2 2024. The company saw a 13% increase in tours and raised its full-year adjusted EBITDA guidance to $915 to $935 million.

Travel + Leisure Co. reported a net income of $66 million, with diluted earnings per share of $0.92, on net revenue of $916 million. The company saw a 15% increase in tours and a 28% growth in new owner tours. They are reaffirming their full year adjusted EBITDA expectations.

Travel + Leisure Co. reported a net income of $110 million, with diluted earnings per share of $1.49, on net revenue of $986 million for the third quarter of 2023. The company's vacation ownership business continued to demonstrate strength, with revenue increasing 8% year-over-year.

Travel + Leisure Co. reported second quarter 2023 financial results with a net income of $94 million, $1.18 diluted earnings per share, and net revenue of $949 million. The company reaffirmed its full-year adjusted EBITDA guidance of $925 million to $945 million and expects a third quarter adjusted EBITDA from $245 million to $260 million. $135 million was returned to shareholders, and the total share count was reduced by 7 percent since the beginning of 2023.

Travel + Leisure Co. reported a strong first quarter in 2023, with a 9% year-over-year increase in net revenue and a 29% year-over-year growth in adjusted EPS. The company's performance exceeded expectations, leading to an increase in the full-year adjusted EBITDA guidance. The company is raising its outlook for adjusted EBITDA to a range of $925 to $945 million.

Travel + Leisure Co. reported a net income of $116 million, or $1.38 diluted earnings per share, on net revenue of $937 million for the third quarter of 2022. The Vacation Ownership segment performed exceptionally well, driven by a 45% increase in VPG compared to 2019.

Travel + Leisure Co. reported a net income of $100 million and diluted earnings per share of $1.16 on net revenue of $922 million. The company's performance was driven by robust vacation ownership sales to new and existing owners, with record-setting sales volume per guest.

Travel + Leisure Co. reported a strong first quarter in 2022, driven by the resurgence of leisure travel. Net income reached $51 million on net revenue of $809 million. The company is optimistic about the year ahead, expecting occupancy to be above 2019 levels due to a robust travel season in North America.

Travel + Leisure Co. reported a strong third quarter in 2021, with net income of $101 million on net revenue of $839 million. The company's cornerstone brands showed resilience, leading to adjusted EBITDA of $228 million and adjusted diluted earnings per share of $1.19. The company increased its full year adjusted EBITDA and adjusted diluted EPS guidance.

Travel + Leisure Co. reported a net income of $74 million, or $0.84 diluted earnings per share, on net revenue of $797 million. The company's performance was driven by the strong rebound in leisure travel in North America and the resilience of its business model. The company is providing full year guidance, adjusted EBITDA of $720 million to $735 million and adjusted diluted EPS of $3.20 to $3.30.

Travel + Leisure Co. reported a net income of $29 million and diluted earnings per share of $0.33 on net revenue of $628 million for the first quarter of 2021. The company saw a significant improvement in operating performance in March, driven by increased consumer confidence, reduced travel restrictions, and the vaccine roll-out.

Wyndham Destinations reported a net income of $40 million and diluted earnings per share of $0.47 on net revenue of $614 million. The company's ability to recover quickly during the re-opening phase demonstrates the resiliency of its business. Early indications show buyer behavior remains unchanged, with VPG 30% higher year-over-year at Wyndham Vacation Clubs.

Wyndham Destinations reported a GAAP net loss of $164 million, or $1.92 per share, on net revenue of $343 million. The company's results exceeded expectations despite significant impacts from the COVID-19 pandemic.

Wyndham Destinations reported a challenging first quarter due to the COVID-19 pandemic. While January and February showed strong performance, March saw significant declines in VOI sales and tours due to resort closures. A $225 million provision charge for anticipated increased defaults further impacted revenue and adjusted EBITDA. Despite these challenges, the company maintained a strong liquidity position with $1 billion in cash and cash equivalents and completed a $325 million private securitization in April.