TNL

Travel + Leisure Co. Acquisition of Accor Vacation Club Successfully Closes

Retrieved on: 
Monday, March 4, 2024

Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, has successfully closed the acquisition of the vacation ownership business of global hospitality giant Accor (AC:FP).

Key Points: 
  • Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, has successfully closed the acquisition of the vacation ownership business of global hospitality giant Accor (AC:FP).
  • View the full release here: https://www.businesswire.com/news/home/20240303506576/en/
    The acquisition means the Accor Vacation Club based in Australia, New Zealand and Indonesia will now be integrated into the Travel + Leisure Co. business structure.
  • (Graphic: Business Wire)
    The deal means the Accor Vacation Club based in Australia, New Zealand and Indonesia will now be integrated into the Travel + Leisure Co. business structure.
  • “We look forward to seeing the Accor Vacation Club brand grow and continue to deliver great outcomes for club members with guidance from Travel + Leisure Co.”

Travel + Leisure Co. Continues Brand Portfolio Expansion with Acquisition of Accor Vacation Club

Retrieved on: 
Wednesday, January 31, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240130191390/en/
    Travel + Leisure Co. Continues Brand Portfolio Expansion with Acquisition of Accor Vacation Club (Photo: Business Wire)
    Under the terms of the deal, Travel + Leisure Co. will acquire Accor’s vacation ownership business, Accor Vacation Club , representing 24 resorts and nearly 30,000 members.
  • Travel + Leisure Co. also receives the exclusive rights to develop new vacation ownership clubs and products utilizing the Accor Vacation Club brand across a region including Asia Pacific, Middle East, Africa and Turkey.
  • Upon deal closing, the Accor Vacation Club business line will report into Barry Robinson, president and managing director of international operations for Travel + Leisure Co., based in the company’s Singapore office.
  • The addition of Accor Vacation Club to the Travel + Leisure Co. international portfolio increases its membership to more than 100,000 in the Asia Pacific region and grows its club resort count by approximately 40 percent to 77.

Travel + Leisure Co. to Report Fourth Quarter and Full-Year 2023 Financial Results on February 21, 2024

Retrieved on: 
Wednesday, January 17, 2024

Travel + Leisure Co. (NYSE:TNL) announced today it will release fourth quarter and full-year 2023 financial results on Wednesday, February 21, 2024, before the market opens, followed by a conference call at 8:30 a.m. EST.

Key Points: 
  • Travel + Leisure Co. (NYSE:TNL) announced today it will release fourth quarter and full-year 2023 financial results on Wednesday, February 21, 2024, before the market opens, followed by a conference call at 8:30 a.m. EST.
  • Michael D. Brown, president and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.
  • Participants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company's website at travelandleisureco.com/investors , or by dialing 877-733-4794 ten minutes before the scheduled start time.
  • For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company's website for 90 days beginning at 12:00 p.m. EST on February 21, 2024.

Debiopharm and ThinkingNodeLife.ai Forge a Strategic Partnership to Propel Cancer Drug Development with AI Digital Cell Clones

Retrieved on: 
Wednesday, January 10, 2024

This strategic alliance leverages the unique capabilities of TNL’s AI Digital Cells Lab platform and Debiopharm’s deep pharmaceutical expertise to bring cancer drugs into new frontiers of innovation.

Key Points: 
  • This strategic alliance leverages the unique capabilities of TNL’s AI Digital Cells Lab platform and Debiopharm’s deep pharmaceutical expertise to bring cancer drugs into new frontiers of innovation.
  • 2) Drugs’ Combination Identification: Utilizing TNL’s AI digital knockdowns, it will identify valuable combinations with other drugs in development, enhancing the therapeutic potential of Debiopharm's cancer drug.
  • 3) Mechanism of Action Validation: TNL’s mechanistic digital cell clones will be instrumental in validating the mechanism of action of Debiopharm's cancer drug, ensuring a deep understanding of its efficacy.
  • 4) Drugs’ Comparison: TNL’s digital cell clones will provide comparative analysis, allowing Debiopharm to assess its cancer drug against other existing cancer treatments.

Travel + Leisure Co. Successfully Reprices and Upsizes Secured Term Loan B Facility to $598 Million

Retrieved on: 
Wednesday, December 20, 2023

Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).

Key Points: 
  • Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).
  • The 2023 Term Loan B Facility refinanced $298 million of outstanding borrowings under the 2022 Incremental Term Loan facility and included additional borrowings of $300 million.
  • The 2023 Term Loan B Facility matures on December 14, 2029, and priced at SOFR plus 3.25% plus a 0.10% SOFR Adjustment, which is 75 basis points lower than the 2022 Incremental Term Loan facility.
  • $298 million of the borrowings under the 2023 Term Loan B Facility priced at par, while the additional $300 million was subject to an original issue discount of 99.75%.

Travel + Leisure Co. Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

Retrieved on: 
Friday, December 1, 2023

Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, announced it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index , the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Key Points: 
  • Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, announced it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index , the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
  • Travel + Leisure Co. joins the ranks of 545 major U.S. businesses that also earned top marks this year.
  • “As the world’s leading membership and leisure travel company, Travel + Leisure Co. serves millions of families every year by providing great vacations to travelers around the world,” said Kimberly Marshall, Travel + Leisure Co. chief human resources officer.
  • For more information about jobs at Travel + Leisure Co., including specific details, qualifications and requirements, visit the company’s careers website at careers.travelandleisureco.com .

Travel + Leisure Co. to Present at the Barclays Eat, Sleep, Play Conference and the Morgan Stanley Global Consumer & Retail Conference

Retrieved on: 
Wednesday, November 22, 2023

Travel + Leisure Co. (NYSE:TNL) announced today that Mike Hug, Chief Financial Officer, will host a fireside chat session at the Barclays Eat, Sleep, Play Conference on Tuesday, Nov. 28, 2023 at 1:15 p.m. EST.

Key Points: 
  • Travel + Leisure Co. (NYSE:TNL) announced today that Mike Hug, Chief Financial Officer, will host a fireside chat session at the Barclays Eat, Sleep, Play Conference on Tuesday, Nov. 28, 2023 at 1:15 p.m. EST.
  • In addition, Michael D. Brown, President and Chief Executive Officer, and Mike Hug, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on Wednesday, Dec. 6, 2023 at 3:00 p.m. EST.
  • A live audio webcast for both sessions will be available in the investor relations section of the company’s website at travelandleisureco.com/investors .
  • A replay will be available approximately 12 hours after the ending of each event.

Travel + Leisure Co. Declares Cash Dividend

Retrieved on: 
Tuesday, November 7, 2023

The board of directors of Travel + Leisure Co. (NYSE:TNL) declared a regular cash dividend on the company's common stock of $0.45 per share, payable December 29, 2023 to shareholders of record as of December 15, 2023.

Key Points: 

The board of directors of Travel + Leisure Co. (NYSE:TNL) declared a regular cash dividend on the company's common stock of $0.45 per share, payable December 29, 2023 to shareholders of record as of December 15, 2023.

Collaborative Administrative Trust (CAT) (Managing Member of Timeshare Compliance) Records $205M Lien Against Major Timeshare Developers

Retrieved on: 
Sunday, November 5, 2023

ALISO VIEJO, Calif., Nov. 4, 2023 /PRNewswire/ -- CAT/Timeshare Compliance LLC, the leading timeshare exit company and industry watchdog, successfully recorded a "perfected" lien of more than $200 million against five of the biggest timeshare resort developers, a victory that could help recover hundreds of thousands of dollars to further assist timeshare owners who were victims of unscrupulous sales practices.

Key Points: 
  • "This was a four-year battle between David and Goliath and this 'perfected' lien is a major victory for our clients against these resorts and their representatives," said Folk.
  • "Despite overwhelming odds, we never stopped fighting for our clients because their trust means everything to us."
  • Folk said that a "perfected lien" means that CAT/TSC's lien as a creditor has the highest priority of all commercial liens including mechanics liens and subsequent liens filed.
  • "Timeshare Compliance has remained the advocate of choice for consumers who feel like they were taken advantage of by timeshare developers," said Wilson.

Travel + Leisure Co. Provides Updated Time for Third Quarter 2023 Financial Results on October 25, 2023

Retrieved on: 
Thursday, October 5, 2023

Travel + Leisure Co. (NYSE:TNL) announced today it will release third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens, followed by a conference call at 8:00 a.m. EDT.

Key Points: 
  • Travel + Leisure Co. (NYSE:TNL) announced today it will release third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens, followed by a conference call at 8:00 a.m. EDT.
  • Michael D. Brown, president and CEO, and Mike Hug, CFO, will discuss the Company's financial performance and business outlook.
  • Participants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company's website at travelandleisureco.com/investors , or by dialing 877-733-4794 ten minutes before the scheduled start time.
  • For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company's website for 90 days beginning at 12:00 p.m. EDT on October 25, 2023.