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Mar 31, 2024
Travel + Leisure Q1 2024 Earnings Report
Travel + Leisure Co. reported solid first quarter 2024 results, demonstrating growth in key areas.
Key Takeaways
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.
Net income reached $66 million, with diluted earnings per share at $0.92, on net revenue of $916 million.
Adjusted EBITDA was $191 million and adjusted diluted earnings per share was $0.97.
The company expects second quarter adjusted EBITDA to be between $235 million and $245 million.
Full year adjusted EBITDA expectations are reaffirmed at $910 million to $930 million.
Travel + Leisure
Travel + Leisure
Travel + Leisure Revenue by Segment
Revenue by Segment
Vacation Ownership Revenue
CapyFin.comTravel & Membership Revenue
CapyFin.com Forward Guidance
The Company is reaffirming guidance regarding expectations for the 2024 full year and is providing guidance regarding expectations for the second quarter 2024.
Positive Outlook
- Adjusted EBITDA of $910 million to $930 million for the full year.
- Gross VOI sales of $2.25 billion to $2.35 billion for the full year.
- VPG of $2,900 to $3,000 for the full year.
- Adjusted EBITDA of $235 million to $245 million for the second quarter.
- Gross VOI sales of $580 million to $610 million for the second quarter.
Challenges Ahead
- VPG of $2,900 to $3,000 for the second quarter.
- Travel and Membership Adjusted EBITDA of $60 million to $65 million for the second quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income