Travel + Leisure

What Travel + Leisure does

Travel + Leisure Co. (NYSE: TNL) is a publicly traded global vacation company headquartered in Orlando, Florida, that operates a multi-brand portfolio across four coordinated segments: Dream (Travel + Leisure magazine and digital media licensed to Dotdash Meredith), Book (RCI exchange network, Travel + Leisure GO subscription club, Extra Holidays rentals, Armed Forces Vacation Club, Travel + Leisure For Business, and Playbook365 sports facility software), Stay (six vacation clubs — Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, Accor Vacation Club, Eddie Bauer Adventure Club, and Sports Illustrated Resorts — across 280+ resorts serving 800,000+ owner families), and Live (Travel + Leisure Shop, Travelpro luggage co-brand, and Avolta airport retail stores). The company delivers more than 6 million vacations annually, with 3.3M+ RCI exchange members and 3,600+ affiliated resorts representing the world's largest vacation exchange network. Revenue is generated through six streams: VOI sales (46% of FY2025 revenue, $2.49B gross VOI sales, +8% YoY), recurring maintenance/club fees, exchange subscriptions, resort management and rental income, licensing royalties, and consumer finance interest income from in-house owner financing (avg FICO above 740, 94% current loan portfolio).

The underlying technology platform spans a multi-brand mobile-first application portfolio (Club Wyndham, WorldMark, and Margaritaville Vacation Club apps with 435,000+ cumulative downloads and 4.5-4.7 star iOS ratings), an AI-enabled digital transformation stack delivered through a multi-year Cognizant and Google Cloud strategic collaboration, CrowdStrike Falcon Next-Gen SIEM for cybersecurity (reducing SIEM costs by more than half), a recurring asset-backed securitization funding engine (Sierra Timeshare 2026-1 $325M, 5.11% weighted average coupon, 98% advance rate), and proprietary owner loan underwriting systems. The business combines a 4,400+ dedicated sales and marketing force generating 590,000+ tours annually across 90 sales locations with self-serve digital platforms, an 'Extraordinary Extras' owner perks ecosystem (Live Nation, Instacart, Uber, People Inc., Hornblower), and a $750M share repurchase authorization layered on 20 consecutive years of dividend payments.

Name

Travel + Leisure

Legal name

Travel + Leisure Co.

Website

https://travelandleisureco.com

Company type

Public

Founded year

1966

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Travel + Leisure Co. (NYSE: TNL) is a global multi-brand vacation company operating 280+ resorts, the RCI exchange network, and the Travel + Leisure brand across vacation clubs, travel media, rentals, and memberships, serving 800,000+ vacation club owners, 3.3M+ exchange members, and 6 million+ annual vacationers worldwide.

Ownership category

akta.pro rank

Product category

Vacation Ownership & Travel Membership Services

NAICS

Tour Operators (561520), Traveler Accommodation (7211), Hobby, Toy, and Game Retailers (45912)

SIC

Services-Amusement & Recreation Services (7900), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Retail-Apparel & Accessory Stores (5600)

akta.pro primary industry

Luxury & Premium Leisure Travel Agencies (THAKABAC)

akta.pro secondary industries

Family, Honeymoon & Romance Travel Agencies (THAKABAE), Adventure & Active Travel Agencies (THAKABAD), Travel Subscription, Membership & Deal Clubs (THAKAAAL)

Keywords

• Vacation ownership
• Timeshare resort services
• Vacation exchange network
• Travel membership club
• Hospitality resort management

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Marketing or Sales, Personnel, Operations, Technology or R&D, Others

Revenue model

1. Vacation Ownership Interests (VOI) Sales: Sales of vacation ownership interests across Club Wyndham, WorldMark, Margaritaville Vacation Club, Accor Vacation Club, Eddie Bauer Adventure Club, and Sports Illustrated Resorts; 46% of revenue; gross VOI sales reached $2.49B in 2025 (+8% YoY); recurring revenue from financing the ~90% of contracts financed in-house.
2. Recurring Vacation Club Fees: Maintenance fees, club dues, and management fees from 800,000+ owner families across 280+ resorts; high-margin recurring revenue from ongoing resort operations, reservations, and exchange services.
3. Travel & Membership / Exchange: RCI exchange subscriptions and fees (3.3M+ RCI exchange members, 3,600+ affiliated resorts), Travel + Leisure GO subscription travel club, Extra Holidays rentals marketplace (200+ destinations), Armed Forces Vacation Club, and 7Across.
4. Resort Management & Rental Income: Mixed-use management and hotel management development in Asia Pacific; management fees from resort operations, rental income from Extra Holidays, and ancillary on-property revenue (food, beverage, activities).
5. Licensing Royalties & Brand Partnerships: Travel + Leisure brand licensing across consumer products including Travel + Leisure Shop (bedding, towels), Travelpro luggage co-branded line, and Avolta airport retail stores.
6. Advertising & Media Revenue: Travel + Leisure magazine (print + digital editions operated by Dotdash Meredith under licensing agreement), World's Best Awards, sponsored content, and digital media advertising revenue.
7. Consumer Finance Interest Income: Interest income from owner financing portfolio (~$218M consumer finance portfolio in Asia Pacific alone); high-margin financing segment with 94% current portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels8 records

Core offering

Travel + Leisure Co. operates a global multi-brand vacation platform selling points-based vacation ownership interests across more than 280 resorts under brands such as Club Wyndham, WorldMark, Margaritaville Vacation Club, Accor Vacation Club, Eddie Bauer Adventure Club, and Sports Illustrated Resorts. It generates recurring revenue from more than 800,000 owner families through maintenance fees, in-house consumer financing, and the RCI exchange network serving 3.3 million members, complemented by travel subscriptions, rentals, media, and branded retail.

Product overview

Travel + Leisure Co. (NYSE: TNL) is a multi-brand global vacation platform delivering more than six million getaways per year through four coordinated product pillars: Dream (Travel + Leisure Magazine media), Book (Travel + Leisure GO subscription travel club, RCI exchange network and 7Across / The Registry Collection, Extra Holidays rentals marketplace, Armed Forces Vacation Club, Heroes Vacation Club, Tripbeat - Endless Vacation, Playbook365 sports facility software, and Travel + Leisure For Business), Stay (a portfolio of six vacation clubs — Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, Eddie Bauer Adventure Club, Sports Illustrated Resorts, and Accor Vacation Club — operating across 280+ resorts serving 800,000+ owner families, plus 3.3M+ RCI exchange members), and Live (Travel + Leisure Shop, Travelpro x Travel + Leisure co-brand luggage, and Avolta-branded airport retail stores). The portfolio is unified by a mobile-first digital strategy (Club Wyndham, WorldMark and Margaritaville Vacation Club branded apps), AI-enabled digital transformation delivered through a multi-year Cognizant and Google Cloud collaboration, and a shared owner-perks ecosystem (Live Nation, Instacart, Uber, People Inc., Hornblower) — operating as a platform-plus-modules architecture where the multi-brand vacation clubs are the core and the media, exchange, rentals, memberships, retail and software products are add-on modules serving the same owner and guest base.

Differentiator

Problem solved

Functional benefit

Brands

• Club Wyndham: The nation's largest vacation club with 280+ resorts; vacation ownership brand offering points-based flexibility.
• WorldMark
• Margaritaville Vacation Club
• Accor Vacation Club
• Eddie Bauer Adventure Club
• Sports Illustrated Resorts
• RCI
• Extra Holidays
• Armed Forces Vacation Club
• Travel + Leisure GO
• Playbook365
• Travel + Leisure Shop
• Travelpro x Travel + Leisure
• Avolta (Travel + Leisure airport stores)
• Travel + Leisure Magazine
• Shell Vacations Club
• 7Across
• Heroes Vacation Club
• Tripbeat - Endless Vacation
• The Registry Collection Program
• Travel + Leisure For Business

Products and services

• Club Wyndham Flagship points-based vacation ownership brand offering flexible points-and-credits access to more than 280 resorts worldwide, supported by a branded mobile app (4.5+ iOS rating), owner events, and partnership perks. Sold primarily to individual consumers and families seeking lifetime vacation access.
• WorldMark by Wyndham Points-based vacation ownership club emphasizing discovery-oriented getaways at mountain, coastal, desert and small-town destinations, supported by a branded mobile app (4.7 iOS rating). Sold to individual consumers seeking vacation flexibility across diverse U.S. destinations.
• Margaritaville Vacation Club Lifestyle-branded vacation ownership club delivered under license from Margaritaville with flagship properties in St. Thomas and other tropical destinations, paired with a newly launched branded mobile app. Sold to consumers seeking laid-back tropical-themed resort stays.
• Eddie Bauer Adventure Club Outdoor-focused vacation ownership concept launched in May 2026 in partnership with Authentic Brands Group, with the inaugural 39-suite property in Moab, Utah and multi-destination expansion planned. Sold to consumers seeking curated outdoor experiences near national parks.
• Sports Illustrated Resorts Sports-themed vacation ownership brand operated under license from Authentic Brands Group with announced destinations in Nashville (H2 2026), Chicago (late 2026), Tuscaloosa (2028), and Baton Rouge (late 2027). Targets college and pro-sports markets with sports-themed resort experiences.
• Accor Vacation Club Premium vacation ownership club operating across Australia, New Zealand and Indonesia under the Accor hospitality banner, including properties such as The Sebel Melbourne Flinders Lane. Sold to consumers in the Asia Pacific region seeking premium vacation stays.
• RCI Vacation Exchange Network The world's largest vacation exchange network connecting RCI Weeks and RCI Points members to more than 3,600 affiliated resorts, 600,000+ hotels, 345,000+ activities, 30+ cruise lines, and top car-rental brands across more than 100 countries, including sister brands 7Across and The Registry Collection.
• Travel + Leisure GO Subscription-based travel club that translates Travel + Leisure magazine's editorial inspiration into bookable vacations, offering preferred pricing, concierge insight, and trusted recommendations to members across the broader travel marketplace.
• Extra Holidays

Quantifiable outcome

• Full-year 2025 net revenue of $4.02 billion, up 4% year-over-year
• +11 more outcomes

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability9 records

Feature7 records

Partnerships

20 partnerships are on record, tiered minor, core and flagship.

• Allegiant (implied via careers page)minorOthers · 23 June 2026Travel industry partner referenced on careers page as part of delivering world-class hospitality and travel solutions
• Ty PenningtoncoreGTM or Marketing Partner · 27 May 2026Multi-part video series featuring HGTV renovation expert hosting behind-the-scenes content on resort maintenance, upgrades, and operations across 280+ resorts. Addresses owner questions on maintenance fee allocation and builds transparency.
• Authentic Brands GroupflagshipStrategic or Co-development Partner · 12 May 2026Strategic partnership co-developing the Eddie Bauer Adventure Club and Sports Illustrated Resorts brands. Authentic Brands Group owns the Eddie Bauer outdoor apparel brand (founded in Seattle in 1920) and is the parent company of Sports Illustrated. Eddie Bauer Adventure Club represents the outdoor brand's first hospitality venture, with Moab, Utah as the first property featuring 39 suites near Arches and Canyonlands National Parks.
• Eddie BauerflagshipOEM/ Whitelabel/ Licensing Partner · 12 May 2026Outdoor lifestyle brand partnership for Eddie Bauer Adventure Club - first hospitality venture for Eddie Bauer (founded in Seattle in 1920). First property in Moab, Utah with 39 suites. Multi-destination expansion planned.
• Northshore DevelopmentcoreStrategic or Co-development Partner · 15 April 2026Austin-based development partner that purchased the existing 11-story Hilton Baton Rouge Capitol Center hotel at 201 Lafayette Street with investment partners (Kituwah LLC and Shaquille O'Neal) for $40.5M; Travel + Leisure Co. will operate the conversion to Sports Illustrated Resorts with renovations beginning early 2027 and completion late 2027
• Rylee ErismanminorGTM or Marketing Partner · 6 April 2026Sponsorship agreement with USA National Team swimmer showcasing her journey on company platforms emphasizing global experiences and exploration
• Sports Illustrated (Authentic Brands Group)flagshipOEM/ Whitelabel/ Licensing Partner · 10 March 2026Licensing and co-development partnership for Sports Illustrated Resorts brand expansion. Entitlement partner of Nashville Superspeedway's NASCAR O'Reilly Auto Parts Series race ('Sports Illustrated Resorts 250' on May 30). Multi-destination expansion includes Chicago (250 units, late 2026), Nashville (Music Row, H2 2026), Tuscaloosa (75 condos + 86 VOI units, 2028), and Baton Rouge (renovation late 2027).
• Cognizant Technology SolutionsflagshipTechnology or Integration · 28 January 2026Multi-million-dollar strategic partnership renewal to accelerate digital transformation at Travel + Leisure Co. Cognizant modernizes cloud technology infrastructure, integrates AI capabilities, and optimizes the technology ecosystem serving 800,000+ owner families and travel club members. Expanded Google Cloud collaboration for enterprise AI deployment.
• CrowdStrikecoreTechnology or Integration · 7 January 2026Replaced legacy SIEM with CrowdStrike Falcon Next-Gen SIEM and related security modules, consolidating multiple overlapping toolsets. Reduced SIEM costs by more than half, cut investigation and response times from hours to minutes, stopped multiple identity-based attacks. Deputy CISO David Anderson cited transition as enabling AI-powered investigation tools.
• United Parks & ResortscoreStrategic or Co-development Partner · 1 January 2026Expanded partnership contributing approximately 10% of VOI sales mix as part of multi-brand strategy
• PillsburyminorGTM or Marketing Partner · 27 October 2025Co-branded Doughboy's First-Ever Holiday Baking Suite activation in New York City with Club Wyndham
• Deloitte & Touche LLPcoreImplementation/ SI/ Consulting Partner · 30 September 2025Independent registered public accounting firm; ratified by shareholders for fiscal year 2026 at annual meeting with 55M+ votes in favor
• Hornblower GroupcoreStrategic or Co-development Partner · 24 June 2025Long-term strategic partnership to deliver curated vacation packages and VIP experiences for vacation ownership members and guests. Travel + Leisure Co. serves as exclusive vacation ownership partner, hosting thousands of owners annually aboard City Cruises Live events. Hornblower's 22 million annual guests gain access to Travel + Leisure Co. resorts and sales centers via previews at high-traffic port locations and aboard Hornblower vessels across key US markets.
• Live NationcoreGTM or Marketing Partner · 1 January 2024Part of 'Extraordinary Extras' owner perks program; VIP lounges, exclusive viewing areas, special owners-only weekends, access to festival passes and concert tickets
• InstacartminorGTM or Marketing Partner · 1 January 2024Exclusive offers for vacation club owners to fill the fridge, cover essentials, and settle in fast during stays
• UberminorGTM or Marketing Partner · 1 January 2024Owner perk partner providing convenience and savings on transportation during stays
• People Inc.minorGTM or Marketing Partner · 1 January 2024Provides specially curated weekends including exclusive tickets to selected events hosted by PEOPLE, Food & Wine, Southern Living, and more
• AccorflagshipOEM/ Whitelabel/ Licensing Partner · 1 January 2024Strategic brand partnership for Accor Vacation Club across Australia, New Zealand, and Indonesia; premium escapes delivering elevated stays. $48.4M Accor Vacation Club acquisition completed in 2024.
• MargaritavillecoreOEM/ Whitelabel/ Licensing Partner · 1 January 2024Brand partnership for Margaritaville Vacation Club offering breezy stays with laid-back vibes across Caribbean and other destinations; integrated mobile app launched May 2026
• Dotdash Meredith CorporationcoreOEM/ Whitelabel/ Licensing Partner · 26 May 2023Licensing agreement to operate all print and digital editions of Travel + Leisure magazine and related mobile applications. Travel + Leisure Co. receives user information collected by Dotdash from magazine print and newsletter subscribers.

Scale indicators22 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Marriott Vacations Worldwide: Marriott Vacations Worldwide (NYSE: VAC) is a leading timeshare operator under the Marriott, Westin, Sheraton, and Ritz-Carlton brands, with a points-based ownership model, Interval International exchange network, and similar high-FICO consumer financing approach. Direct competitor in the US vacation ownership market with overlapping resort destinations and customer demographics.
• Disney Vacation Club: Disney Vacation Club (part of The Walt Disney Company) is a vacation ownership club operating at Walt Disney World, Disneyland, and other Disney destinations, using a points-based ownership system. Direct competitor in lifestyle-branded timeshare with high customer affinity, comparable ARDA member, and similar premium pricing structure.
• Hilton Grand Vacations: Hilton Grand Vacations (NYSE: HGV) is a direct competitor in timeshare and vacation ownership, operating Hilton- and Marriott-branded vacation clubs with a comparable points-based ownership model, in-house consumer financing, and exchange network. Shares the same customer base (US timeshare buyers) and is the most direct comparable to Travel + Leisure Co.'s Club Wyndham and WorldMark brands.
• Bluegreen Vacations: Bluegreen Vacations (now part of Hilton Grand Vacations following its 2024 acquisition by HGV) was an independent publicly traded timeshare operator with a comparable points-based ownership model, Bass Pro and outdoor-themed resorts, and similar US-centric vacation ownership customer base. Direct competitive overlap with Travel + Leisure Co.'s US vacation ownership business.
• Interval International: Interval International (owned by Marriott Vacations Worldwide) is the principal competitor to TNL's RCI vacation exchange network, offering timeshare exchange services to member resorts and owners globally. Direct competitor in vacation exchange subscription revenue, with comparable resort-affiliate network and member subscription business model.

Broad incumbents

• Expedia Group: Expedia Group (NASDAQ: EXPE) operates Expedia, Hotels.com, Vrbo, and Travel + Leisure magazine's online editorial (under licensing from Dotdash Meredith) and competes with TNL's Extra Holidays rentals marketplace, Travel + Leisure GO subscription club, and broader travel booking offerings. Comparable in online travel distribution, vacation rentals, and travel media.
• Wyndham Hotels & Resorts: Wyndham Hotels & Resorts (NYSE: WH) is the sister company post-2018 spin-off, operating the broader Wyndham hotel franchising business with 9,000+ hotels. While TNL owns the vacation ownership/timeshare side, the two share brand DNA and a hotel-brand licensing relationship, and Wyndham's hotel franchising scale sets context for TNL's resort operations and brand-licensing economics.
• Booking Holdings: Booking Holdings (NASDAQ: BKNG) is the parent of Booking.com, Priceline, Agoda, KAYAK, and OpenTable — broad online travel agency platforms with overlapping distribution, lodging inventory, and travel membership (Booking Rewards, Genius) that compete with TNL's Travel + Leisure GO, Extra Holidays, and Travel + Leisure For Business offerings.

Emerging players

• Airbnb: Airbnb (NASDAQ: ABNB) is the global alternative accommodation platform with broad consumer awareness that indirectly competes with TNL's vacation rental offerings and competes for share of US discretionary travel spend. While not a direct timeshare competitor, Airbnb's flexible lodging model and growing experiences offering overlap with TNL's resort, exchange, and travel club value proposition.

Regional players

• Carnival Corporation: Carnival Corporation (NYSE: CCL) is the world's largest cruise company, an adjacent leisure travel competitor for discretionary vacation dollars. RCI includes 30+ cruise line partnerships connecting TNL members to cruise inventory; Carnival competes for the same leisure travel wallet and represents a benchmark for global leisure travel economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tnlconews
• Facebookfacebook.com/travelleisureco
• LinkedInlinkedin.com/company/travelleisureco
• Instagraminstagram.com/travelleisureco

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries5 records

Funding overview

Funding rounds12 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Travel + Leisure