Travel + Leisure Co.

Travel + Leisure Co.'s Business Lines

Travel + Leisure Co. operates three main business lines: Wyndham Destinations, Panorama, and Travel + Leisure Group. Wyndham Destinations is the world's largest vacation ownership company, boasting over 245 vacation club resorts globally. Panorama is a leading membership travel business, renowned for its vacation exchange company and various membership travel brands. Travel + Leisure Group consolidates the trusted multi-platform content of Travel + Leisure, offering licensed and branded consumer products. This diversified portfolio allows Travel + Leisure Co. to cater to a wide range of travel needs and preferences.

Travel + Leisure Co.'s Financial Performance

In the first quarter of 2024, Travel + Leisure Co. reported a net income of $66 million on net revenue of $916 million. Demonstrating financial stability and shareholder value, the company declared a regular cash dividend of $0.50 per share, payable on June 28, 2024. Additionally, the company increased its share repurchase authorization by $0.5 billion, reflecting confidence in its long-term growth prospects. These financial moves underscore Travel + Leisure Co.'s commitment to delivering robust returns to its shareholders.

Travel + Leisure Co.'s Sustainability Initiatives

Travel + Leisure Co. is dedicated to sustainability, implementing projects that significantly reduce its environmental footprint. In 2022, the company reduced water usage by over 2,747,000 gallons compared to 2021. It also completed 119 energy-efficiency projects in collaboration with Homeowners’ Associations, achieving a 35.5% reduction in GHG emissions intensity from its 2010 baseline. Travel + Leisure Co. has planted 1,854,055 trees in partnership with the Arbor Day Foundation, showcasing its commitment to ecological conservation and responsible tourism.

Travel + Leisure Co.'s Community Engagement

Travel + Leisure Co. is actively involved in community engagement and philanthropy. The company sponsors American competitive swimmer Katie Grimes as her official travel and hospitality partner for the Summer Olympic Games in Paris. It offers a free membership travel club for military members and their families through the Armed Forces Vacation Club. The company also invests in educational programs and innovative projects aimed at improving resource management, demonstrating a commitment to responsible tourism, human rights, and inclusion and diversity.

Travel + Leisure Co.'s Recent Relocation

Travel + Leisure Co. is relocating its headquarters to Downtown Orlando, a strategic move expected to add over 100 new high-wage jobs to the area. This relocation not only underscores the company’s growth trajectory but also its commitment to contributing to the local economy. The move is part of a broader strategy to enhance operational efficiency and foster a dynamic work environment that attracts top talent. This new headquarters will serve as a central hub for the company's global operations, facilitating better coordination and innovation.