Travel + Leisure Reports Q3 2026 Growth Driven by Vacation Ownership and Strategic Acquisitions
Travel + Leisure Co. (TNL) reported strong third-quarter 2026 results, highlighted by a 5% increase in net revenue to $1.10 billion and a 23% jump in adjusted diluted EPS to $2.21. The company's performance was bolstered by its vacation ownership segment, which saw gross VOI sales grow 6% to $720 million, supported by the integration of recent acquisitions including Spinnaker Resorts and Yes& Vacations. Despite a decline in travel and membership revenue due to shifts in member mix, management raised its full-year guidance for both Adjusted EBITDA and gross VOI sales toward the high end of previous ranges. While higher ABS funding costs and investment in new brands may present modest margin headwinds in 2027, improved credit performance has allowed the company to reduce its estimated loan loss provision rate to 20% for the full year.