Travel + Leisure Raises Full-Year Guidance Following Q3 2026 Earnings
Travel + Leisure (TNL) raised its full-year guidance for gross vacation ownership interest (VOI) sales and adjusted EBITDA during its third-quarter 2026 earnings call. The company's growth is being driven by the successful acquisition of Spinnaker Resorts and Yes& Vacations, which added over 100,000 owners to its network and expanded opportunities for cross-selling. The company is also scaling a multi-brand strategy through licensing partnerships with brands such as Margaritaville and Sports Illustrated, aiming for these partners to comprise approximately 10% of the total sales mix. Financially, Travel + Leisure maintains a competitive advantage with a net leverage ratio of 3.3x EBITDA, the lowest in its peer group, allowing for simultaneous investment in acquisitions and shareholder returns.
Tickers: $TNL
Topics: acquisitions capital allocation earnings call guidance increase multi-brand strategy