Q2 2026 Travel + Leisure Co Earnings Call Transcript
Key Points
- Travel+Leisure Co (TNL) reported strong second-quarter results with a 7% increase in Gross VOI sales and a 9% growth in EBITDA.
- The company returned $253 million to shareholders through dividends and share repurchases in the first half of the year.
- Travel+Leisure Co (TNL) raised its full-year EBITDA, Vacation Ownership sales, and VPG outlook due to strong performance and recent acquisitions.
- The acquisitions of Yes& Vacations and Spinnaker Resorts are expected to be immediately accretive to earnings and add high-quality resorts in sought-after destinations.
- The company is successfully executing its multi-brand strategy, with brands like Margaritaville and Sports Illustrated Resorts contributing significantly to sales.
- The Travel and Membership segment saw a 5% decline in revenue and an 11% decline in EBITDA, reflecting challenges in the exchange business.
- There is pressure on the loan loss provision due to the acquired portfolios, which is expected to be approximately 21%, slightly higher than previous expectations.
- Tour flow decelerated slightly in the second quarter, impacted by strategic resort closures.
- The integration of acquisitions may take time, particularly in realizing revenue synergies from transitioning owners to a points-based system.
- The company faces challenges in stabilizing the long-term earnings profile of the Travel and Membership segment through operational improvements and new partnerships.
Greetings, and welcome to Travel + Leisure second-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host Andrew Burns, Vice President, Investor Relations. Please go ahead.
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Thank you, Donna. Good morning, everyone. Before we begin, I'd like to remind you that our discussion today will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and the forward-looking statements made today are effective only as of today. We undertake no obligation to publicly update or revise these statements.
The factors that could cause actual results to differ are discussed in our SEC filings and our press release accompanying this earnings call.
You can also find a reconciliation of non-GAAP financial measures discussed today in the earnings press release available on
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