Exchange: NYSE·Updated 07:30 PM EDT
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TNL Travel+Leisure Co

$62.62
$0.01
(0.02%)
Today
Closed $62.62
$0.00
(0.00%)
After Hours
EarningsOct 27
Mkt Cap$3.83B
Vol571,678.00

About TNL

Travel + Leisure Co. engages in the provision of hospitality services and travel products. It operates through the Vacation Ownership and Travel and Membership segments. The Vacation Ownership segment is involved in developing, marketing, and selling vacation ownership interests to individual consumers, providing consumer financing in connection with the sale of vacation ownership interests, and providing property management services at resorts. The Travel and Membership segment focuses on the operations of travel businesses, including three vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. The company was founded in 1990 and is headquartered in Orlando, FL.
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Fitch Ratings revised its outlook on Travel + Leisure to Positive from Stable and affirmed the company’s long-term issuer default rating at BB-. Fitch also affirmed its senior secured revolving credit facility, term loans and senior secured notes at BB+, with an RR2 recovery rating. The Positive outlook reflects expectations that leverage will eventually fall below 3.5x EBITDA, supported by steady visitation, higher volume per customer and acquisition synergies. Fitch expects leverage to rise moderately to 3.7x in 2026 from 3.6x in 2025 before declining to about 3.4x by 2028. The company’s position among the top three timeshare operators, recurring and largely prepaid revenue model, and flexible inventory investment support consistent positive free cash flow. Fitch estimates revenue will grow at a low- to mid-single-digit rate from 2026 through 2029, with EBITDA margins around 25%-26% through 2028. $TNL

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