Foremost leisure journey business commences investing right now on the NYSE less than the ticker image TNL, rings The Opening Bell® to rejoice its new title
Vacation + Leisure Co. shares specifics on 1st new journey expert services planned, which includes BookTandL.com, and new subscription travel club debuting this summer months beneath its Vacation + Leisure Group
Vacation + Leisure Co. (NYSE:TNL), the world’s primary membership and leisure travel organization with a portfolio of just about 20 vacation brands involved in its vacation resort, journey club, and way of living portfolio, today will make its premiere on the New York Stock Exchange. Formerly Wyndham Destinations, Inc. (NYSE:WYND), Vacation + Leisure Co. will ring The Opening Bell at NYSE these days in celebration of its new listing beneath the ticker image “TNL”, pursuing the acquisition of the iconic Vacation + Leisure model in January.
“We are pretty proud to make our debut right now as Journey + Leisure Co., the world’s primary membership travel organization,” said Michael Brown, president and main executive officer, Travel + Leisure Co. “This defining milestone in our strategic prepare supplies chances to evolve our business enterprise and grow our reach inside of the worldwide leisure travel field as one particular of the most reliable and influential brands in vacation.”
Travel + Leisure Co. will maintain its present portfolio of makes and goods, with Wyndham Destinations now serving as the umbrella manufacturer for its family vacation possession resorts, which will continue to leverage the electrical power of the Wyndham Rewards program and Panorama working the trip trade, membership travel, and vacation engineering companies. The freshly-produced Travel + Leisure Group will offer you buyer vacation items, together with on the net and membership journey providers and solution licensing.
Journey + Leisure Team
This new small business team will concentration on the improvement and around the world development of new journey items and companies that leverage the unparalleled Travel + Leisure status, know-how and articles library — such as the company’s subscription travel clubs, model licensing agreements and on-line journey reserving platforms, including the vacation setting up gateway BookTandL.com. The Vacation + Leisure Team will be led by Noah Brodsky, who assumes the new position of President, Vacation + Leisure Group and Main Brand name Officer.
“Given that becoming a member of our staff in 2017, Noah has been a catalyst for innovation and transformation within our company, with his passion for journey resonating across the firm,” mentioned Michael Brown, president and chief govt officer of Travel + Leisure Co. “I search ahead to his ongoing achievements as he pivots to think management of an vital new driver of our potential progress.”
New Travel Products and Products and services
Travel + Leisure Group today is revealing ideas for a new suite of branded goods and services, like the preview launch of BookTandL.com, a new organizing and reserving expertise for leisure travelers that optimizes the ability of the persuasive written content of Journey + Leisure.
The new web-site will provide as each a study and transaction platform, giving buyers a one destination for each and every part of their holiday preparing and scheduling journey. The family vacation scheduling platform will proceed to increase providers and capabilities in the coming months to even more enhance the web-site, producing the aspirational entire world of Journey + Leisure obtainable for all to conveniently book and knowledge.
The new online family vacation reserving platform will also lay the foundation for the predicted summer start of a new Journey + Leisure membership travel club, presenting special added benefits and perks when touring all-around the earth and when at home. Subscribers to the club will have the prospect to stay out the activities they examine about in Journey + Leisure, with exclusive access and unique features in the course of their remain at showcased attributes.
“There is great pent-up demand for vacation and, as the only vacation company that has the potential to harness the incredible material from a person of the most reliable brand names in travel, we are producing a place to satisfy that need,” stated Brown. “We look ahead to the upcoming bold step in our company’s long term as we continue on placing the entire world on getaway.”
About the New Travel + Leisure Co.
Vacation + Leisure Co. is the world’s major membership and leisure vacation firm, with a portfolio of virtually 20 vacation resort, travel club, and way of living travel makes. The organization provides excellent trip experiences and vacation inspiration to millions of house owners, users, and subscribers every single 12 months by its items and companies: Wyndham Places, the most significant holiday possession organization with 230 holiday vacation club resort destinations across the world Panorama, the world’s foremost membership vacation enterprise that contains RCI, the largest holiday exchange firm, along with business-leading vacation engineering, and membership vacation manufacturers and Journey + Leisure Group, supplying journey items and expert services all motivated by best on the internet and print vacation material, such as vacation scheduling system BookTandL.com, membership journey clubs and branded buyer products and solutions. At Journey + Leisure Co., our world-wide workforce of associates provides hospitality to thousands and thousands, turning holiday vacation inspiration into fantastic travel encounters. We place the globe on holiday vacation. Find out more at travelandleisureco.com.
This push launch involves “ahead-searching statements” as that phrase is outlined by the Securities and Trade Fee (“SEC”). Forward-searching statements are any statements other than statements of historic simple fact, including statements with regards to our anticipations, beliefs, hopes, intentions or strategies relating to the upcoming. In some scenarios, ahead-on the lookout statements can be identified by the use of text this kind of as “will,” “expects,” “strategies,” “go on,” and “long term,” “tasks” or other phrases of identical that means. Ahead on the lookout statements are subject to hazards and uncertainties that could trigger our actual results to vary materially from those people reviewed in, or implied by, the forward-hunting statements. The forward-seeking statements contained in this push launch incorporate statements linked to our latest sights and anticipations that are not historic information. Variables that could possibly cause such a distinction incorporate, but are not restricted to, dangers associated with our capability to realize the rewards of the Travel + Leisure acquisition from Meredith Corporation uncertainty with respect to the scope, period and continued effect of the COVID-19 pandemic, which includes on our business enterprise and in our marketplace the impact of war, terrorist activity, political strife, significant weather events and other pure disasters, and pandemics (which includes COVID-19) or threats of pandemics our capacity to execute on our business technique nearby and world wide political and financial disorders and these other aspects disclosed as threats beneath “Threat Elements” in files we have submitted with the SEC, including in Aspect I, Product 1A of our Yearly Report on Variety 10-K for the fiscal 12 months finished December 31, 2019, filed with the SEC on February 26, 2020 and Aspect II, Merchandise 1A of our Quarterly Report on Variety 10-Q for the fiscal quarter ended September 30, 2020, submitted with the SEC on October 28, 2020. We warning visitors that any this kind of statements are centered on currently offered operational, money and competitive facts, and they must not location undue reliance on these forward-on the lookout statements, which replicate management’s impression only as of the date on which they ended up produced. Besides as essential by law, we undertake no obligation to review or update these ahead-wanting statements to reflect activities or situations as they happen.
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