Travel & Leisure Co. (NYSE: TNL)

Travel + Leisure Co. is a leading leisure travel company that provides vacation experiences and travel inspiration to millions of owners members and subscribers through a diverse portfolio of products and services.

The company generates revenue primarily from the sale of vacation ownership interests consumer financing and property management fees as well as from fee for service revenue streams including exchange membership dues travel club fees and ancillary services.

The company operates through the following segments: Vacation Ownership and Travel and Membership.

• Vacation Ownership develops and acquires vacation ownership resorts markets and sells vacation ownership interests provides consumer financing for the majority of those sales and offers property management services to owners associations under brands such as Club Wyndham WorldMark Margaritaville Vacation Club Sports Illustrated Resorts Eddie Bauer Adventure Club and Accor Vacation Club.

• Travel and Membership comprises the Exchange business which operates RCI the world’s largest vacation exchange network based on member count and affiliated resorts and the Travel Club business which offers tailored travel products and services to closed user groups through offerings such as Travel + Leisure GO RCI and Travel + Leisure For Business a B2B private label travel club solution.

Within the leisure travel industry Travel + Leisure Co. holds a strong position due to its brand name recognition reputation lifetime value and convenient access to desirable development sites competing with companies such as Marriott Vacations Worldwide Hilton Grand Vacations Disney Vacation Club and Holiday Inn Club Vacations in the vacation ownership space and with Interval International in the exchange business while leveraging its multi brand strategy relationship with Wyndham Hotels and capital efficient inventory sourcing to maintain competitive advantages.

The company serves vacation ownership owners exchange members travel club participants associations organizations and other partners seeking travel benefits and experiences.