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Mar 31
Travel + Leisure Q1 2025 Earnings Report
Travel + Leisure reported a solid Q1 2025 performance with strong net income and growing vacation ownership revenue.
Key Takeaways
Travel + Leisure delivered a robust Q1 2025, driven by growth in its vacation ownership segment and enhanced guest engagement through digital platforms. The company achieved higher adjusted EBITDA and maintained strong shareholder returns.
Net income reached $73 million, with adjusted EPS at $1.11.
Vacation ownership revenue grew by 4% year-over-year.
Volume per guest (VPG) rose to $3,212, reflecting effective sales performance.
Returned $111 million to shareholders through dividends and repurchases.
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 projects a strong Q2 2025, maintaining its full-year EBITDA guidance and expecting robust VOI sales.
Positive Outlook
- Q2 adjusted EBITDA projected between $245M and $255M.
- Full-year adjusted EBITDA guidance reaffirmed at $955M to $985M.
- Expected summer travel demand to remain strong.
- Anticipates continued growth in Club Wyndham and WorldMark.
- Launch of Sports Illustrated Resorts expected to drive new revenue.
Challenges Ahead
- Travel and Membership segment expected to be flat to down 2% for the year.
- Exchange transactions remain soft due to club-affiliated members.
- Tour count declined 1% year-over-year in Q1.
- Continued provision for loan losses reflects cautious credit outlook.
- Global uncertainties and economic headwinds could impact travel trends.