ORLANDO, Fla.–(BUSINESS WIRE)–Travel + Leisure Co. (NYSE:TNL), the world’s main membership and leisure journey firm, supplied an replace on its third quarter outcomes and outlook for the rest of 2022 upfront of displays at a number of conferences in September.
Journey + Leisure Co. might be attending NYSE’s third Annual Investor Entry Shopper Day on September 20, 2022, Deutsche Financial institution’s thirtieth annual Leveraged Finance Convention on September 20, and Wells Fargo’s Shopper Convention on September 21.
A hyperlink to the corporate’s up to date Fall 2022 investor relations presentation is on the market on-line at travelandleisureco.com/investors.
Third Quarter Replace
The corporate is reiterating the third quarter and full 12 months outlook supplied on July 28, 2022, in its earnings press launch, together with the next measures1:
- Third quarter adjusted EBITDA of $230 million to $240 million
- Full 12 months adjusted EBITDA of $860 million to $880 million
“The robust momentum we noticed within the second quarter continued by means of August as our trip possession enterprise continues to attract households prioritizing their holidays. By way of the tip of the 12 months, reserving tempo at our trip possession resorts stays robust with room nights on our books 8 p.c above 2019,” stated Michael D. Brown, president and CEO of Journey + Leisure Co.
About Journey + Leisure Co.
Journey + Leisure Co. (NYSE:TNL) is the world’s main membership and leisure journey firm, with practically 20 journey manufacturers throughout its resort, journey membership, and life-style portfolio. The corporate offers excellent trip experiences and journey inspiration to tens of millions of householders, members, and subscribers yearly by means of its services and products: Wyndham Locations, the most important trip possession firm with greater than 245 trip membership resort places throughout the globe; Panorama, the world’s foremost membership journey enterprise that features the most important trip trade firm and subscription journey manufacturers; and Journey + Leisure Group, that includes prime journey content material and journey providers together with the model’s eponymous journey membership. At Journey + Leisure Co., our world staff of associates brings hospitality to tens of millions every year, turning trip inspiration into distinctive journey experiences. We put the world on trip. Be taught extra at travelandleisureco.com.
Ahead-Wanting Statements
This press launch consists of “forward-looking statements” as that time period is outlined by the Securities and Alternate Fee (“SEC”). Ahead-looking statements are any statements apart from statements of historic truth, together with statements concerning our expectations, beliefs, hopes, intentions or methods concerning the longer term. In some circumstances, forward-looking statements could be recognized by way of phrases similar to “could,” “will,” “expects,” “ought to,” “believes,” “plans,” “anticipates,” “estimates,” “predicts,” “potential,” “proceed,” “future,” “intends” or different phrases of comparable that means. Ahead-looking statements are topic to dangers and uncertainties that would trigger precise outcomes of Journey + Leisure Co. and its subsidiaries (“Journey + Leisure Co.” or “we”) to vary materially from these mentioned in, or implied by, the forward-looking statements. Elements that may trigger such a distinction embrace, however should not restricted to, dangers related to: the acquisition of the Journey + Leisure model and the longer term prospects and plans for Journey + Leisure Co., together with our skill to execute our methods to develop our cornerstone timeshare and trade companies and develop into the broader leisure journey trade by means of new enterprise extensions; our skill to compete within the extremely aggressive timeshare and leisure journey industries; uncertainties associated to acquisitions, tendencies and different strategic transactions; the well being of the journey trade and declines or disruptions attributable to adversarial financial circumstances, unemployment charges and shopper sentiment, terrorism or acts of gun violence, political strife, struggle, together with hostilities in Ukraine, pandemics, and extreme climate occasions and different pure disasters; adversarial adjustments in shopper journey and trip patterns, shopper preferences and demand for our merchandise; elevated or unanticipated working prices and different inherent enterprise dangers; our skill to adjust to monetary and restrictive covenants below our indebtedness and our skill to entry capital markets on cheap phrases, at an affordable price or in any respect; sustaining the integrity of inside or buyer knowledge and defending our methods from cyber-attacks; uncertainty with respect to the scope, affect and period of the novel coronavirus world pandemic (“COVID-19”), together with resurgences, the tempo of restoration, distribution and adoption of vaccines and coverings, and actions in response to the evolving pandemic by governments, companies and people; the timing and quantity of future dividends and share repurchases, if any; and people different elements disclosed as dangers below “Danger Elements” in paperwork we’ve filed with the SEC, together with in Half I, Merchandise 1A of our Annual Report on Type 10-Ok for the fiscal 12 months ended December 31, 2021, filed with the SEC on February 23, 2022. We warning readers that any such statements are based mostly on at the moment obtainable operational, monetary and aggressive info, and they need to not place undue reliance on these forward-looking statements, which mirror administration’s opinion solely as of the date on which they had been made. Besides as required by regulation, we undertake no obligation to evaluate or replace these forward-looking statements to mirror occasions or circumstances as they happen.
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1 Adjusted EBITDA is a non-GAAP monetary measure. This steerage is offered solely on a non-GAAP foundation as a result of not all the info essential for a quantitative reconciliation of forward-looking non-GAAP monetary measures to probably the most straight comparable GAAP monetary measure is on the market with out unreasonable effort, primarily on account of uncertainties referring to the prevalence or quantity of those changes which will come up sooner or later. The place a number of of the at the moment unavailable gadgets is relevant, such gadgets may very well be materials, individually or within the mixture, to GAAP reported outcomes. |
