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. » Mais em 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. » Mais em 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). » Mais em de.investing.com

Travel + Leisure priced a private placement of $900 million of senior secured notes due June 1, 2031. The notes pay 6.25% annually, with semiannual interest payments, were issued at 100% of par and the closing is expected on May 20, 2026. Net proceeds are to be used to repay 6.625% notes maturing in July 2026, to service the revolving credit facility and for general corporate purposes. The offering was made solely to qualified institutional buyers (Rule 144A) and offshore investors (Regulation S); Travel + Leisure has total debt of about $5.9 billion, a market capitalization of $4 billion and a current ratio of 2.93. » Mais em de.investing.com

Travel + Leisure Co. reported Q1 2026 EPS of $1.45 (expectation $1.30) and revenue of $961 million, with both metrics exceeding analysts' estimates. The Vacation Ownership segment posted 20% EBITDA growth, while Travel and Membership saw declines in revenue and EBITDA and early payment delinquencies in newer loan vintages. The company raised dividends and share buybacks, reiterated a positive outlook with expected full‑year revenue of $4.111 billion, and forecasts further EPS growth. » Mais em de.investing.com