Travel + Leisure Co. ( (TNL) ) has released its Q4 earnings. Here is a breakdown of the information Travel + Leisure Co. presented to its investors.
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Travel + Leisure Co., a leader in vacation ownership and membership travel, offers a wide range of travel experiences catering to modern leisure travelers. The company recently announced its financial results for the fourth quarter and full year of 2024.
Travel + Leisure Co. reported a net income of $119 million for the fourth quarter and $411 million for the full year 2024, with adjusted EBITDA reaching $252 million for the quarter and $929 million for the year. The company also highlighted a significant share repurchase program, buying back $235 million worth of common stock in 2024.
The vacation ownership segment experienced a 5% increase in revenue for both the fourth quarter and the entire year, attributed to a rise in sales volume per guest and tour numbers. However, the travel and membership segment saw a slight decline in revenue due to reduced subscription revenue, despite an increase in transaction revenue.
Looking forward, Travel + Leisure Co. anticipates an adjusted EBITDA between $955 million and $985 million for 2025, with plans to increase the first quarter dividend to $0.56 per share. The company is optimistic about continued growth in its vacation ownership business, a key focus of its investment strategy.
