Travel + Leisure Co. (TNL)
Consumer Discretionary · Vacation ownership and travel exchange
The world's largest vacation ownership and travel exchange company serving nearly 800,000 owners and 3+ million members across premium leisure hospitality brands.
What Travel + Leisure Co. does
Travel + Leisure Co. is a leading leisure travel company providing vacation ownership and travel membership experiences. The company operates the world's largest vacation ownership business with 797,000 owner families across 280+ resorts under brands including Club Wyndham, WorldMark, Margaritaville Vacation Club, Sports Illustrated Resorts, Eddie Bauer Adventure Club, and Accor Vacation Club. It also operates RCI, the world's largest exchange company with 3.3 million members and 3,600 affiliated resorts, alongside a travel club business that includes Travel + Leisure GO, RCI, and Travel + Leisure For Business offerings. Revenue is generated through vacation ownership interest sales (46%), fee-for-service streams (40%), consumer financing (11%), and other ancillary sources (3%).
Themes: ["vacation ownership / timeshare","travel exchange networks","travel club memberships","leisure travel experiences","consumer financing"]
Fundamentals
- Price$73.95 as of 2026-07-09 close
- Market cap$4.6B as of 2026-07-10
- 1-year return+31.1% as of 2026-07-09 close
- P/E19.50 as of 2026-07-10
- Net margin+5.8% as of 2026-07-10
- Gross margin+45.2% as of 2026-07-10
- ROE+121.8% as of 2026-07-10
- Debt / equity9.71 as of 2026-07-10
- Revenue growth (YoY)+4.3% as of 2026-07-10
- Revenue CAGR (3y)+4.1% SEC XBRL
- Beta1.20 as of 2026-07-10
Dividend: yield +3.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Economic sensitivity: vacation ownership and travel discretionary spending are susceptible to consumer spending pullback during economic downturns or periods of reduced discretionary income","Competition and market saturation: operates in competitive leisure travel and vacation ownership industries with established competitors and evolving consumer preferences","Regulatory and legal risks: subject to various state and federal vacation ownership regulations, consumer protection laws, and disclosure requirements that could increase compliance costs or restrict business operations"]
Competitors & peers
- Hilton Grand Vacations
- Marriott Vacations Worldwide
- ILX Resorts (owned by Apollo Global Management)
- Diamond Resorts International
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.