Travel + Leisure Co. (WD5A)

Overview

Travel + Leisure Co. is a premier provider of hospitality services and travel products, operating globally primarily in the United States and internationally. Previously known as Wyndham Destinations, Inc., the company rebranded itself in February 2021 to better reflect its broadened focus on the travel and leisure industry. Founded in 1990 and headquartered in Orlando, Florida, Travel + Leisure Co. seamlessly integrates its vacation and travel services to offer distinctive experiences for its customers. The company is structured into two main segments: Vacation Ownership, and Travel and Membership, each tailored to deliver unparalleled services in the travel sector.

Products and Services

The company's diverse range of products and services are divided into two primary segments:

• Vacation Ownership

  This segment is central to the company’s operations, where it develops, markets, and sells vacation ownership interests (VOIs) to individuals. Travel + Leisure Co. enables customers to invest in their holidays through the purchase of VOIs, guaranteeing them vacation time at specific resorts. In addition to sales, the company provides consumer financing to assist customers in the acquisition of VOIs and offers property management services across resorts to ensure a high-quality experience for owners and guests alike.

• Travel and Membership

  Encompassing a variety of travel-related businesses, this segment meets the diverse needs of travelers through three main vacation exchange brands, leading travel technology platforms, travel memberships, and direct-to-consumer rental services. The company's vacation exchange service allows members to swap their VOIs for stays at other resorts, thereby providing flexibility and variety in vacation planning. Further, Travel + Leisure Co. develops and offers private-label travel booking technology solutions, facilitating seamless booking experiences for travel bookings and accommodations for a broader consumer base.