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Travel + Leisure

#3366

Rank

$3.39B

Marketcap

US United States

Country

Travel + Leisure
Leadership team

Mr. Michael D. Brown (CEO, Pres & Director)

Mr. Michael A. Hug (Chief Financial Officer)

Mr. Geoffrey Richards (Chief Operating Officer of Wyndham Destinations)

Products/ Services
Leisure, Lifestyle, Social Media, Travel
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
1968
Company Registration
SEC CIK number: 0001361658
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
TNL
Social Media
Overview
Location
Summary
Travel + Leisure Co., together with its subsidiaries, provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts. The Travel and Membership segment operates various businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. As of January 26, 2022, it had approximately 245 vacation ownership resorts. It also offers private-label travel booking technology solutions. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.
History

The company's origins can be traced to the founding of Hospitality Franchise Systems in 1990, created as a vehicle to acquire hotel franchises. By 1995, it had acquired the Days Inn, Howard Johnson, Ramada, and Super 8 brands. HFS then expanded into other businesses. In 1996, it acquired the timeshare exchange service Resort Condominiums International. In 1997, HFS merged with CUC International to form Cendant Corporation. Cendant increased its involvement in the timeshare business by buying Fairfield Communities in 2001 and Trendwest Resorts in 2002. In 2005, Cendant bought the Wyndham hotel brand from the Blackstone Group.

On July 31, 2006, Wyndham Worldwide was created as a spin-off from Cendant with ownership of its hotel and timeshare businesses, as part of a plan to break Cendant up into four separate companies.

In 2013, Wyndham acquired Shell Vacations Club for $102 million plus $153 million of assumed debt.In August 2017, Wyndham announced plans to spin off its hotel division to shareholders as a separate publicly traded company, thereby becoming a pure timeshare company. The spin-off of Wyndham Hotels & Resorts occurred on May 31, 2018, and what remained of Wyndham Worldwide was renamed as Wyndham Destinations the same day.

Mission
To Combine Our Creativity and Experience With Technology to Provide the Most Affordable and Valued Travel Deals.
Vision
To Become The Most Preferred And Respected Travel Brand For Our Customers, Employees And Industry Partners.
Key Team

Mr. Jeffrey Myers (Chief Sales & Marketing Officer of Wyndham Destinations)

Mr. Thomas M. Duncan (Sr. VP & Chief Accounting Officer)

Mr. Sy Esfahani (Chief Technology Officer)

Mr. Christopher Agnew (Sr. VP of FP&A and Investor Relations)

Mr. Michael Valentino (VP of Marketing and Communications)

Mr. James J. Savina (Chief Ethics & Compliance Officer, Exec. VP, Gen. Counsel and Corp. Sec.)

Ms. Nadeen A. Ayala (Sr. VP of Global Communications)

Recognition and Awards
Travel + Leisure has been honored numerous awards, including the Society of American Travel Writers' Best Travel Magazine for 4 consecutive years.
References

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Travel + Leisure
Leadership team

Mr. Michael D. Brown (CEO, Pres & Director)

Mr. Michael A. Hug (Chief Financial Officer)

Mr. Geoffrey Richards (Chief Operating Officer of Wyndham Destinations)

Products/ Services
Leisure, Lifestyle, Social Media, Travel
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
1968
Company Registration
SEC CIK number: 0001361658
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
TNL
Social Media