Travel + Leisure Co stock gains as 2026 earnings outlook rises

Travel + Leisure Co. reported stronger third-quarter operating results on October 27, 2026, and lifted the midpoint of its full-year Adjusted EBITDA outlook. The company said demand remained healthy as recently acquired businesses contributed to growth. The company release covers the quarter ended September 30, 2026.

Vacation Ownership Drives Growth

Net revenue rose 5 percent year over year to USD 1.101 billion, while reported net income was USD 108 million. Adjusted EBITDA increased 6 percent to USD 283 million, and adjusted diluted earnings per share advanced 23 percent to USD 2.21.

Vacation Ownership revenue climbed 9 percent to USD 953 million, with Adjusted EBITDA up 8 percent to USD 250 million. Gross vacation ownership interest sales increased 6 percent to USD 720 million as tours rose 7 percent, although volume per guest declined 1 percent because of the mix from recent acquisitions.

Travel and Membership revenue fell 11 percent to USD 150 million, while its Adjusted EBITDA declined 12 percent to USD 51 million. The company attributed the pressure mainly to lower transaction revenue and a greater mix of exchange members with lower transaction activity.

Higher Guidance, Acquisition Costs

Travel + Leisure raised its 2026 Adjusted EBITDA guidance to USD 1.070 billion to USD 1.085 billion. It also expects gross vacation ownership interest sales of USD 2.625 billion to USD 2.675 billion and volume per guest of USD 3,325 to USD 3,375. These are non-GAAP measures and are not directly comparable with GAAP figures without the company's stated reconciliations.

The outlook reflects contributions from the Yes& Vacations and Spinnaker Resorts acquisitions, which increased leverage as of September 30. Corporate debt stood at USD 4.041 billion, excluding USD 2.025 billion of non-recourse vacation ownership debt. The company also reported USD 388 million of operating cash flow for the first nine months, down from USD 516 million a year earlier.

Travel + Leisure stock traded at EUR 69.75 on Lang & Schwarz at 23:00 CET on Monday, November 9, 2026.

Leisure Travel Platform

Travel + Leisure Co. operates vacation ownership, travel club and lifestyle travel businesses serving leisure travelers worldwide. Its portfolio includes Club Wyndham, WorldMark, RCI, Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club and Accor Vacation Club. The Orlando, Florida-based company says its brands provide more than six million vacations annually and employ more than 19,000 people worldwide.

TNL trades on the New York Stock Exchange, placing the company within the broader US equity market backdrop for leisure and hospitality investors. More news and analyses on Travel + Leisure Co stock.