SEC Filings
Travel + Leisure Bought $157 Million Of Timeshare Loans Already Showing Credit Damage
Two summer deals added receivables the timeshare company booked with $53 million of initial loss allowance, as its total reserve reached $748 million.
TNL
Travel + Leisure (TNL) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
Travel + Leisure CEO Would Be 'Very Disappointed' If Two Acquired Timeshare Units Don't Double
Michael Brown ties the Spinnaker and Yes And deals to a November points-sales test and cost savings he says will land within 12 months.
Earnings
Travel + Leisure Says It Is 'Open To Alternatives' For Its Shrinking Exchange And Travel Club Unit
The CFO said a sale could make sense if it unlocks more value than owning the unit, whose third-quarter revenue fell 11%.
Earnings
Travel + Leisure Raises Midpoint Of EBITDA Outlook As Timeshare Sales Climb 6%, Exchange Unit Slides
Adjusted earnings per share rose 23% in the third quarter, while the exchange and travel club segment's revenue fell 11%.