- Leading leisure travel company begins trading today on the NYSE
under the ticker symbol TNL, rings The Opening Bell® to celebrate
its new name
- Travel + Leisure Co. shares details on first new travel
services planned, including BookTandL.com, and new subscription
travel club debuting this summer under its Travel + Leisure
Group
Travel + Leisure Co. (NYSE:TNL), the world’s leading membership
and leisure travel company with a portfolio of nearly 20 travel
brands included in its resort, travel club, and lifestyle
portfolio, today makes its premiere on the New York Stock Exchange.
Formerly Wyndham Destinations, Inc. (NYSE:WYND), Travel + Leisure
Co. will ring The Opening Bell at NYSE today in celebration of its
new listing under the ticker symbol “TNL”, following the
acquisition of the iconic Travel + Leisure brand in January.
“We are very proud to make our debut today as Travel + Leisure
Co., the world’s leading membership travel company,” said Michael
Brown, president and chief executive officer, Travel + Leisure Co.
“This defining milestone in our strategic plan provides
opportunities to evolve our business and expand our reach within
the global leisure travel industry as one of the most trusted and
influential brands in travel.”
Travel + Leisure Co. will maintain its current portfolio of
brands and products, with Wyndham Destinations now serving as the
umbrella brand for its vacation ownership resorts, which will
continue to leverage the power of the Wyndham Rewards program; and
Panorama operating the vacation exchange, membership travel, and
travel technology businesses. The newly-created Travel + Leisure
Group will offer consumer travel products, including online and
subscription travel services and product licensing.
Travel + Leisure Group
This new business group will focus on the development and
worldwide growth of new travel products and services that leverage
the unparalleled Travel + Leisure reputation, expertise and content
library -- including the company’s subscription travel clubs, brand
licensing agreements and online travel booking platforms, including
the vacation planning gateway BookTandL.com. The Travel + Leisure
Group will be led by Noah Brodsky, who assumes the new role of
President, Travel + Leisure Group and Chief Brand Officer.
“Since joining our team in 2017, Noah has been a catalyst for
innovation and transformation within our company, with his passion
for travel resonating across the organization,” said Michael Brown,
president and chief executive officer of Travel + Leisure Co. “I
look forward to his continued achievements as he pivots to assume
leadership of an important new driver of our future growth.”
New Travel Products and
Services
Travel + Leisure Group today is revealing plans for a new suite
of branded products and services, including the preview launch of
BookTandL.com, a new planning and booking experience for leisure
travelers that optimizes the power of the compelling content of
Travel + Leisure.
The new website will serve as both a research and transaction
platform, providing consumers a single destination for every aspect
of their vacation planning and booking journey. The vacation
booking platform will continue to add services and features in the
coming months to further enhance the site, making the aspirational
world of Travel + Leisure accessible for all to easily book and
experience.
The new online vacation booking platform will also lay the
foundation for the anticipated summer launch of a new Travel +
Leisure subscription travel club, offering exclusive benefits and
perks when traveling around the world and when at home. Subscribers
to the club will have the opportunity to live out the experiences
they read about in Travel + Leisure, with exclusive access and
special amenities throughout their stay at featured properties.
“There is tremendous pent-up demand for travel and, as the only
travel company that has the ability to harness the incredible
content from one of the most trusted brands in travel, we are
creating a place to satisfy that demand,” said Brown. “We look
forward to the next bold step in our company’s future as we
continue putting the world on vacation.”
About the New Travel + Leisure
Co.
Travel + Leisure Co. is the world’s leading membership and
leisure travel company, with a portfolio of nearly 20 resort,
travel club, and lifestyle travel brands. The company provides
outstanding vacation experiences and travel inspiration to millions
of owners, members, and subscribers every year through its products
and services: Wyndham Destinations, the largest vacation ownership
company with 230 vacation club resort locations across the globe;
Panorama, the world’s foremost membership travel business that
includes RCI, the largest vacation exchange company, along with
industry-leading travel technology, and membership travel brands;
and Travel + Leisure Group, offering travel products and services
all inspired by top online and print travel content, including
travel booking platform BookTandL.com, subscription travel clubs
and branded consumer products. At Travel + Leisure Co., our global
team of associates brings hospitality to millions, turning vacation
inspiration into exceptional travel experiences. We put the world
on vacation. Learn more at travelandleisureco.com.
Forward-Looking
Statements
This press release includes “forward-looking statements” as that
term is defined by the Securities and Exchange Commission (“SEC”).
Forward-looking statements are any statements other than statements
of historical fact, including statements regarding our
expectations, beliefs, hopes, intentions or strategies regarding
the future. In some cases, forward-looking statements can be
identified by the use of words such as “will,” “expects,” “plans,”
“continue,” and “future,” "projects" or other words of similar
meaning. Forward looking statements are subject to risks and
uncertainties that could cause our actual results to differ
materially from those discussed in, or implied by, the
forward-looking statements. The forward-looking statements
contained in this press release include statements related to our
current views and expectations that are not historical facts.
Factors that might cause such a difference include, but are not
limited to, risks associated with our ability to realize the
benefits of the Travel + Leisure acquisition from Meredith
Corporation; uncertainty with respect to the scope, duration and
continued impact of the COVID-19 pandemic, including on our
business and in our industry; the impact of war, terrorist
activity, political strife, severe weather events and other natural
disasters, and pandemics (including COVID-19) or threats of
pandemics; our ability to execute on our business strategy; local
and global political and economic conditions and those other
factors disclosed as risks under “Risk Factors” in documents we
have filed with the SEC, including in Part I, Item 1A of our Annual
Report on Form 10-K for the fiscal year ended December 31, 2019,
filed with the SEC on February 26, 2020 and Part II, Item 1A of our
Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 2020, filed with the SEC on October 28, 2020. We
caution readers that any such statements are based on currently
available operational, financial and competitive information, and
they should not place undue reliance on these forward-looking
statements, which reflect management’s opinion only as of the date
on which they were made. Except as required by law, we undertake no
obligation to review or update these forward-looking statements to
reflect events or circumstances as they occur.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210217005217/en/
Media Contacts: Vanessa Picariello Travel + Leisure Co.
(407) 569-6234 Media@wyn.com Investor Relations Contacts:
Christopher Agnew Senior Vice President, FP&A and Investor
Relations Travel + Leisure Co. (407) 626-4050
Christopher.Agnew@wyn.com
Grafico Azioni Wyndham Destinations (NYSE:WYND)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Wyndham Destinations (NYSE:WYND)
Storico
Da Dic 2023 a Dic 2024
