ORLANDO, Fla.–(Business WIRE)–Feb 17, 2021–
Journey + Leisure Co. (NYSE:TNL), the world’s top membership and leisure vacation business with a portfolio of virtually 20 travel brands included in its resort, journey club, and way of living portfolio, today tends to make its premiere on the New York Stock Trade. Previously Wyndham Destinations, Inc. (NYSE:WYND), Vacation + Leisure Co. will ring The Opening Bell at NYSE currently in celebration of its new listing below the ticker symbol “TNL”, adhering to the acquisition of the legendary Vacation + Leisure brand name in January.
“We are pretty proud to make our debut now as Journey + Leisure Co., the world’s main membership vacation organization,” said Michael Brown, president and main executive officer, Vacation + Leisure Co. “This defining milestone in our strategic plan delivers possibilities to evolve our business and broaden our attain inside of the international leisure travel market as a single of the most trustworthy and influential makes in vacation.”
Vacation + Leisure Co. will preserve its present portfolio of manufacturers and solutions, with Wyndham Destinations now serving as the umbrella brand for its getaway ownership resorts, which will go on to leverage the electric power of the Wyndham Rewards plan and Panorama running the getaway trade, membership vacation, and travel technological know-how enterprises. The freshly-produced Vacation + Leisure Group will offer you consumer vacation products, which include on-line and membership travel products and services and products licensing.
This new small business group will concentration on the progress and throughout the world development of new journey products and products and services that leverage the unparalleled Travel + Leisure reputation, know-how and articles library — like the company’s membership vacation golf equipment, manufacturer licensing agreements and on-line travel reserving platforms, like the family vacation setting up gateway BookTandL.com. The Vacation + Leisure Group will be led by Noah Brodsky, who assumes the new job of President, Travel + Leisure Group and Main Manufacturer Officer.
“Since joining our team in 2017, Noah has been a catalyst for innovation and transformation within just our organization, with his passion for travel resonating across the group,” mentioned Michael Brown, president and main govt officer of Travel + Leisure Co. “I seem forward to his ongoing achievements as he pivots to assume management of an significant new driver of our future progress.”
New Travel Merchandise and Services
Journey + Leisure Team now is revealing ideas for a new suite of branded solutions and services, such as the preview start of BookTandL.com, a new setting up and booking expertise for leisure tourists that optimizes the electricity of the persuasive material of Travel + Leisure.
The new site will provide as equally a analysis and transaction platform, giving consumers a one spot for each individual facet of their family vacation arranging and scheduling journey. The vacation reserving system will go on to insert providers and attributes in the coming months to additional boost the web-site, producing the aspirational environment of Travel + Leisure available for all to conveniently book and expertise.
The new on the internet holiday vacation booking platform will also lay the basis for the predicted summer time launch of a new Journey + Leisure subscription vacation club, featuring exclusive advantages and benefits when traveling about the world and when at house. Subscribers to the club will have the opportunity to live out the experiences they browse about in Travel + Leisure, with distinctive accessibility and specific features in the course of their stay at featured qualities.
“There is great pent-up desire for travel and, as the only travel business that has the ability to harness the incredible information from a single of the most trusted brand names in travel, we are developing a position to fulfill that demand from customers,” explained Brown. “We seem forward to the subsequent bold move in our company’s foreseeable future as we carry on placing the planet on trip.”
About the New Vacation + Leisure Co.
Travel + Leisure Co. is the world’s top membership and leisure travel corporation, with a portfolio of virtually 20 resort, travel club, and life style vacation brand names. The enterprise offers outstanding vacation activities and vacation inspiration to hundreds of thousands of homeowners, users, and subscribers each calendar year as a result of its products and expert services: Wyndham Places, the most significant family vacation ownership organization with 230 holiday club vacation resort areas throughout the world Panorama, the world’s foremost membership journey business enterprise that includes RCI, the most significant holiday vacation exchange corporation, together with market-top journey technological innovation, and membership journey makes and Vacation + Leisure Group, supplying vacation products and solutions and services all impressed by top online and print vacation articles, together with travel scheduling platform BookTandL.com, subscription travel clubs and branded shopper solutions. At Travel + Leisure Co., our worldwide group of associates delivers hospitality to tens of millions, turning holiday inspiration into excellent journey experiences. We put the globe on trip. Master extra at travelandleisureco.com.
This press launch includes “forward-on the lookout statements” as that time period is outlined by the Securities and Exchange Fee (“SEC”). Forward-on the lookout statements are any statements other than statements of historical reality, like statements relating to our anticipations, beliefs, hopes, intentions or approaches regarding the foreseeable future. In some cases, ahead-hunting statements can be recognized by the use of phrases these kinds of as “will,” “expects,” “plans,” “continue,” and “future,” “initiatives” or other text of identical that means. Forward wanting statements are matter to threats and uncertainties that could induce our genuine final results to differ materially from those people discussed in, or implied by, the ahead-on the lookout statements. The forward-wanting statements contained in this push release involve statements similar to our current sights and anticipations that are not historical details. Elements that may possibly cause this sort of a difference consist of, but are not minimal to, risks associated with our capacity to recognize the rewards of the Vacation + Leisure acquisition from Meredith Company uncertainty with regard to the scope, length and continued effects of the COVID-19 pandemic, such as on our organization and in our business the impression of war, terrorist activity, political strife, severe temperature occasions and other pure disasters, and pandemics (which includes COVID-19) or threats of pandemics our means to execute on our small business technique regional and world political and economic circumstances and those other aspects disclosed as hazards under “Risk Factors” in files we have submitted with the SEC, including in Portion I, Merchandise 1A of our Yearly Report on Variety 10-K for the fiscal calendar year finished December 31, 2019, submitted with the SEC on February 26, 2020 and Component II, Merchandise 1A of our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020, filed with the SEC on Oct 28, 2020. We warning visitors that any these types of statements are based mostly on currently out there operational, economic and competitive data, and they ought to not place undue reliance on these ahead-searching statements, which reflect management’s opinion only as of the day on which they had been built. Except as essential by regulation, we undertake no obligation to critique or update these ahead-hunting statements to replicate events or circumstances as they manifest.
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Resource: Travel + Leisure Co.
Copyright Organization Wire 2021.
PUB: 02/17/2021 06:45 AM/DISC: 02/17/2021 06:45 AM
Copyright Small business Wire 2021.