)
Visual
earnings real time
Travel + Leisure (TNL) investor relations material
Travel + Leisure Barclays 11th Annual Eat, Sleep, Play, Shop Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Barclays 11th Annual Eat, Sleep, Play, Shop Conference 2025 summary3 Dec, 2025
Business overview and performance
Operates two segments: vacation ownership (75% of revenue) and travel/membership (25%), with $4B revenue and nearly $1B EBITDA annually.
Vacation ownership is points-based, backed by 280 resorts, with highly predictable revenue and strong cash flows.
Travel/membership segment has 3M exchange members, multi-year contracts, and high recurring revenue.
Through the first nine months, revenue grew 4%, EBITDA 6%, EPS 14%, and free cash flow per share over 20%.
Raised guidance for vacation ownership sales, volume per guest, adjusted EBITDA, and free cash flow after strong Q3.
Consumer trends and sales mix
Consumer base is durable, with new owners averaging early 50s and $120K household income; 70% are Gen X, Gen Z, or millennials.
Two-thirds of transactions come from existing owners, reflecting strong repeat business and product value.
New owner sales mix was 31% in Q3, 30% in Q2, and targeted at 35% for 2024; strong year for both new and existing owners.
Upgrades driven by desire for more nights, larger properties, or better amenities; direct marketing is a key differentiator.
No significant geographic variation in consumer demand or transaction volume.
Forward outlook and brand expansion
Predictable upgrade cycle: new owners typically upgrade 2.5 times in 10 years, turning $1 of sales into $2.50.
Focus on new owners and integrating new brands (Sports Illustrated, Eddie Bauer, Margaritaville, Accor) for growth in 2026.
Declining rate environment expected to benefit consumer finance spreads and reduce interest expense.
Loan loss provision expected to decrease in 2026, potentially settling at or below 20%, with long-term trend toward upper teens.
Improvements in FICO scores, owner experience, and collections support lower provision rates.
What drives the expected 2026 LLP reduction?
Detail the inventory pruning initiative
When do new brands materially impact financials?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Travel + Leisure earnings date
Q4 202519 Feb, 2026
Next Travel + Leisure earnings date
Q4 202519 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Travel + Leisure Co. operates as a global provider of hospitality and vacation ownership services. The company offers vacation ownership programs, travel subscriptions, and related services under various brand names. Travel + Leisure serves customers seeking leisure travel experiences through a portfolio of resorts, clubs, and rental properties. The company is headquartered in Orlando, Florida, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage