Strong Revenue and Earnings Growth
Travel + Leisure reported over $1 billion in revenue, $266 million in adjusted EBITDA, and $1.80 in adjusted earnings per share, all significantly up year-over-year.
Vacation Ownership Business Performance
The Vacation Ownership segment showed strong demand with revenue growth of 6% to $876 million and adjusted EBITDA growth of 14% to $231 million. Volume per guest (VPG) ended the quarter at $3,304, above the high end of the guidance range.
Free Cash Flow and Shareholder Returns
Generated $106 million in free cash flow returned to shareholders and $500 million expected for the full year, with 23% growth year-over-year.
Adjusted EBITDA Margin Expansion
The adjusted EBITDA margin expanded by 100 basis points to 25%, reflecting operating leverage and efficiency gains.
New Brand Expansions
Announced new Sports Illustrated Resort in Chicago and launched Eddie Bauer Adventure Club, expanding the brand portfolio and targeting distinct traveler profiles.