Travel + Leisure (TNL)
Operates vacation clubs, exchange networks and travel memberships through a multi-brand portfolio.
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Sells vacation-ownership interests and earns related financing and resort-management fees through Club Wyndham and other vacation-club brands. Its Travel and Membership segment operates exchange and travel-club offerings, extending the business beyond ownership.
Builds its Vacation Ownership business around Club Wyndham and other vacation-club brands, including WorldMark and Accor Vacation Club. It develops, markets and sells vacation-ownership interests, finances related purchases, and provides resort-management services. Vacation-club resorts span hundreds of locations, and the workforce is global with most associates in the United States.
Travel and Membership comprises Exchange and Travel Club, adding vacation exchange and member-oriented travel products. The multi-brand strategy depends on developing, marketing and partnering around newer offerings that require people and resources beyond established timeshare and exchange businesses. The separately listed Wyndham Hotels & Resorts is not part of this company’s operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Truist Financial | Target | Target: $71 | Target: $86 |
| Aug 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $78 | Target: $85 |
| Aug 18, 2026 | Susquehanna | Initiate | Rating: — | |
| Jul 23, 2026 | Barclays | Reiterate | Rating: —Target: $74 | Target: $77 |
| Jun 1, 2026 | Goldman Sachs | Target | Target: $81 | Target: $85 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $282.0M · Total debt $5.71B · Total assets $6.90B · Shareholders' equity −$1.02B
- Revenue
- $1.06B
- Operating income
- $210.0M
- Net income
- $109.0M
HistoryDividendAnnual yield
| Institutions | ≈ 103.56% | 63.38M shares | |
|---|---|---|---|
| 490 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.09% | 1.28M shares | |
| 15 holders · as of Aug 27, 2026 | |||
| Adds to | 105.65% | ||
61.20M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 105.65%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.63% | 7.12M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 9.91% | 6.06M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.42% | 2.70M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 4.03% | 2.47M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.53% | 2.16M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Thomas Michael Duncan | officer: SVP, Chief Accounting Officer | −20,000 | $74.16 |
| Aug 6, 2026 | Michael Dean Brown | director, officer: See Remarks | −200 | $79.00 |
| Aug 4, 2026 | Sy Esfahani | officer: Chief Technology Officer | −52,617 | $78.00 |
| Aug 5, 2026 | Michael Dean Brown | director, officer: See Remarks | −4,150 | $79.24 |
| Aug 4, 2026 | Jeffrey Myers | officer: See Remarks | −34,000 | $77.76 |
- Marriott Vacations Worldwide
Vacation ownership and exchange-network peer
- Hilton Grand Vacations
Vacation-ownership, financing and exchange peer
- Walt Disney
Points-based vacation-club alternative at Disney resorts
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Travel + Leisure | $62.83 | −0.33% | $3.86B | 17.2 | 7.5 | 0.9 | +4.4% |
| Marriott Vacations Worldwide | $100.69 | −2.28% | $3.54B | — | 10.4 | 0.8 | +5.9% |
| Hilton Grand Vacations | $35.62 | +0.17% | $2.79B | 16.8 | 7.0 | 0.5 | +7.3% |
| Walt Disney | $103.61 | −0.59% | $180.96B | 21.5 | 13.8 | 1.8 | +7.1% |
| Median | 19.1 | 10.4 | 0.8 | +7.1% |