Travel + Leisure

At the Goldman Sachs conference Travel + Leisure confirmed a core plan targeting 6–8% revenue growth, EBITDA growth in the mid-single digits and double-digit EPS growth, plus a goal to convert roughly 50% of EBITDA into free cash flow. In July the company acquired Yes& Vacations and Spinnaker Resorts, adding about 100,000 owners and expected to generate roughly USD 50 million of additional EBITDA in the first year. Management highlighted better-than-expected H1 results, a 7% dividend increase, a 25% increase in share buybacks and a reduction in leverage of 0.25x. The resort-optimization program is largely complete and the portfolio now comprises about 300 resorts; however, the travel and membership segment remains under industry-wide pressure. » Więcej na de.investing.com

Travel + Leisure, through its subsidiary Sierra Timeshare 2026-2 Receivables Funding LLC, placed an asset-backed securities (ABS) package of $300 million with a weighted average coupon of 5.52%. Four tranches were issued: Class A $136m (4.98%), Class B $52m (5.19%), Class C $62m (5.63%) and Class D $50m (7.19%); the financing ratio was 98%. The securities were sold privately under Rule 144A and Regulation S and are intended to ensure efficient access to capital; the company points to a strong balance sheet with a current ratio of 2.93 and a market capitalization of $4.53 billion. » Więcej na de.investing.com

At the annual general meeting, shareholders elected nine members to Travel & Leisure’s board through 2027 and approved the board’s remuneration in a non-binding vote. Shareholders confirmed Deloitte & Touche as the independent auditor for the fiscal year ending 31 December 2026. The company also announced a private placement of $900 million in senior secured notes (maturing 2031, coupon 6.25%) to refinance maturing debt, and declared a cash dividend of $0.60 per common share (record date June 12, 2026). » Więcej na de.investing.com