Travel + Leisure Co.'s second quarter revenue beat estimates on strong Vacation Ownership sales, prompting a raised 2026 outlook.

Travel + Leisure Co. reported second quarter 2026 net revenue of $1.06 billion, up 4% year-over-year, with adjusted diluted EPS of $1.88, a 14% increase from the prior year but a slight miss against expectations. The company raised its full-year 2026 Adjusted EBITDA guidance.

Key Highlights

• The core Vacation Ownership segment drove results, with revenue increasing 6% to $907 million and Adjusted EBITDA growing 13% to $247 million, offsetting weakness in the Travel and Membership segment.
• Gross Vacation Ownership Interest (VOI) sales grew 6% year-over-year to $693 million, supported by a 2% increase in Volume per Guest (VPG).
• Following the strong performance, the company raised its full-year 2026 Adjusted EBITDA guidance to a new range of $1,065 million to $1,085 million.
• The company returned $125 million to shareholders during the quarter, consisting of $88 million in share repurchases and $37 million in dividends.