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23.07.25 - 12:30
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Stockholm′s Grand Hôtel Declared Scandinavia′s Best Hotel by Travel + Leisure (Cision)
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Grand Hôtel Stockholm (http://www.grandhotel.se/) has claimed the title of Best Hotel in Scandinavia in Travel + Leisure's 2025 World's Best Awards (https://www.travelandleisure.com/worlds-best-awards-2025-hotels-scandinavia-iceland-11739403?utm_source=chatgpt.com). Rising from second place last year, this accolade is based on votes from nearly 180,000 discerning global readers highlights the hotel's consistent excellence in service, style, and guest experience and underlines the hotel's excellence across rooms, service, food, location, and value.
[Photo: Grand Hôtel Stockholm by Magnus...
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23.07.25 - 12:06
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Travel + Leisure Co. Reports Second Quarter 2025 Results (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL), a leading leisure travel company, today reported second quarter 2025 financial results for the three months ended June 30, 2025. Highlights and outlook include:
Net income of $108 million, $1.62 diluted earnings per share, on net revenue of $1.02 billion
Adjusted EBITDA of $250 million and Adjusted diluted earnings per share of $1.65 (1)
Vacation Ownership revenue of $853 million, a 6 percent increase year-over-year
Volume per guest (VPG) of $3,251, a 7 percent increase year-over-year, on a 3 percent increase in tours
Expects third quarter Adjusted EBITDA of $250 million to $260 million and reaffirms full-year Adjusted EBITDA guidance of $955 million to $985 million
Returned $107 million to shareholders through $37 million of dividends and $70 million of share repurchases
“Thanks to the exceptional work of the entire Travel + Leisure Co. team, we delivered another strong quarter. We saw healthy year-over-year growth in VOI sales, with gain...
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22.07.25 - 18:36
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Travel + Leisure Co. Completes $300 Million Term Securitization (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.10%. The advance rate for this transaction was 98.00%.
“This transaction once again demonstrates the strength of our business model and our ability to continue to access capital,” said Erik Hoag, Chief Financial Officer of Travel + Leisure Co. “The strong investor demand allowed us to tighten spread levels across the capital structure. As a result, we were able to price with an all-in coupon of 5.10%, which is the tightest level achieved since early 2022. We are excited about the closing of this transaction, its terms, and the enhancement it provides to our liquidity position.”
Sierra Timeshare 2025-2 Receivables Funding LLC issued $143 million of Class A Notes, $67 million of Class B Notes, $59 million of Class C Notes, and $31 million of Class D N...
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