Exhibit 99.1 ORLANDO, Fla. (October 23, 2024) — Travel + Leisure Co. (NYSE:TNL), the world's leading vacation ownership and membership travel company, today reported third quarter 2024 financial results for the three months ended September 30, 2024. Highlights and outlook include: • Net income of $97 million, $1.39 diluted earnings per share from continuing operations, on net revenue of $993 million (1) • Adjusted EBITDA of $242 million and adjusted diluted earnings per share of $1.57 • Volume per guest (VP ...

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Travel + Leisure Co. (NYSE:TNL) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Jill Greer - VP, IR Michael Brown - President & CEO Mike Hug - CFO Conference Call Participants Chris Woronka - Deutsche Bank Patrick Scholes - Truist Securities David Katz - Jefferies Brandt Montour - Barclays Dany Asad - Bank of America Ian Zaffino - Oppenheimer Operator Hello, and welcome to the Travel + Leisure Second Quarter 2024 Earnings Conference Call and Webcast. [Operator Instructions]. A ...

The reported revenue compares to the Zacks Consensus Estimate of $984.37 million, representing a surprise of +0.06%. The company delivered an EPS surprise of +9.35%, with the consensus EPS estimate being $1.39. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Net Revenues- Vacation Ownership: $807 million versus the five-analyst avera ...

[PART I - FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Presents the company's unaudited condensed consolidated financial statements for the periods ended June 30, 2024 and 2023 [Condensed Consolidated Statements of Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Reports increased net income for Q2 and H1 2024, driven by higher net revenues and a gain on disposal Condensed Consolidated Statements of Income (in millions) | | Three Months Ended June 30, | Six Months Ended June 30, | | :--- | :--- | :--- | :--- | :--- | | | **2024** | **2023** | **2024** | **2023** | | **Net revenues** | $985 | $949 | $1,900 | $1,829 | | Vacation ownership interest sales | 441 | 401 | 810 | 739 | | Service and membership fees | 413 | 424 | 832 | 844 | | **Operating income** | 189 | 183 | 339 | 322 | | **Net income from continuing operations** | 97 | 89 | 163 | 152 | | Gain on disposal of discontinued business | 32 | 5 | 32 | 5 | | **Net income attributable to shareholders** | $129 | $94 | $195 | $157 | | **Diluted EPS** | $1.81 | $1.25 | $2.73 | $2.05 | [Condensed Consolidated Balance Sheets](index=9&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Details the company's financial position as of June 30, 2024, showing slightly lower assets and liabilities Condensed Consolidated Balance Sheet Highlights (in millions) | | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$6,693** | **$6,738** | | Cash and cash equivalents | $166 | $282 | | Vacation ownership contract receivables, net | $2,562 | $2,527 | | **Total Liabilities** | **$7,577** | **$7,655** | | Debt | $3,577 | $3,575 | | Non-recourse vacation ownership debt (VIE) | $2,000 | $2,071 | | **Total (Deficit)** | **($884)** | **($917)** | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Shows a significant increase in operating cash flow for the first half of 2024 compared to the prior year Six Months Ended June 30 Cash Flow Summary (in millions) | | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $221 | $110 | | Net cash used in investing activities | ($81) | ($33) | | Net cash used in financing activities | ($261) | ($386) | | **Net change in cash, cash equivalents and restricted cash** | **($126)** | **($310)** | [Notes to Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations of accounting policies, acquisitions, debt, and segment performance [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=46&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Analyzes financial results, highlighting strong leisure travel demand and operational performance - Business saw strong demand for leisure travel in H1 2024, leading to higher tours and **Gross VOI sales**[165](index=165&type=chunk) - The Travel and Membership segment's profitability increased due to **cost savings** from a 2023 strategic realignment[166](index=166&type=chunk) - The company is experiencing some pressure on its loan portfolio, with an **increase in delinquencies** on loans with original FICO scores below 700[168](index=168&type=chunk) - On March 1, 2024, the company **acquired Accor Vacation Club for $50 million** to expand its international portfolio in the Asia Pacific region[170](index=170&type=chunk) [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Details revenue and Adjusted EBITDA growth for Q2 and H1 2024, led by the Vacation Ownership segment Q2 2024 vs Q2 2023 Operating Statistics | Metric | Q2 2024 | Q2 2023 | % Change | | :--- | :--- | :--- | :--- | | Gross VOI sales (in millions) | $607 | $557 | 8.9% | | Tours (in 000s) | 192 | 170 | 12.7% | | Volume per guest (VPG) | $3,051 | $3,150 | (3.1)% | | Total Transactions (in 000s) | 399 | 416 | (4.1)% | Segment Adjusted EBITDA (in millions) | Segment | Q2 2024 | Q2 2023 | H1 2024 | H1 2023 | | :--- | :--- | :--- | :--- | :--- | | Vacation Ownership | $206 | $187 | $340 | $319 | | Travel and Membership | $62 | $62 | $137 | $133 | | **Total Company** | **$244** | **$236** | **$435** | **$420** | [Financial Condition](index=59&type=section&id=Financial%20Condition) Outlines changes in assets, liabilities, and deficit from year-end 2023 to June 30, 2024 - Total assets decreased by **$45 million**, driven by a **$116 million decrease in cash** and a $59 million decrease in Property and equipment, net[204](index=204&type=chunk) - Total liabilities decreased by **$78 million**, primarily due to a **$71 million decrease in Non-recourse vacation ownership debt** and a $23 million decrease in Accounts payable[204](index=204&type=chunk) [Liquidity and Capital Resources](index=60&type=section&id=Liquidity%20and%20Capital%20Resources) Confirms sufficient liquidity from operations, cash reserves, and credit facilities to meet obligations - As of June 30, 2024, the company had **$166 million of cash** and cash equivalents and **$694 million of available capacity** under its $1.0 billion revolving credit facility[207](index=207&type=chunk)[208](index=208&type=chunk) - The company was in compliance with its debt covenants as of June 30, 2024, with an interest coverage ratio of **4.15 to 1.0** and a first lien leverage ratio of **3.50 to 1.0**[210](index=210&type=chunk) Material Future Contractual Obligations (in millions) | Obligation | 7/1/24 - 6/30/25 | Total | | :--- | :--- | :--- | | Debt | $297 | $3,601 | | Non-recourse debt | $229 | $2,021 | | Interest on debt | $347 | $1,193 | | Purchase commitments | $250 | $699 | | Operating leases | $29 | $97 | | **Total** | **$1,152** | **$7,611** | [Capital Deployment](index=64&type=section&id=Capital%20Deployment) Details the strategy for business growth and shareholder returns, including share repurchases and dividends - In H1 2024, the company repurchased **2.2 million shares for $95 million**, with **$578 million** remaining available under the share repurchase authorization[234](index=234&type=chunk)[235](index=235&type=chunk) - The company paid dividends of $0.50 per share in Q1 and Q2 2024, totaling **$73 million** for the first six months[236](index=236&type=chunk) - Anticipated 2024 spending includes **$105-$130 million** on vacation ownership development and **$90-$100 million** on capital expenditures[230](index=230&type=chunk)[231](index=231&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risks](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risks) Assesses market risks from interest rate and currency fluctuations, concluding no material impact is expected - A **100-basis point change** in underlying interest rates on variable rate debt would result in a **$4 million** change in annual consumer financing interest expense and a **$12 million** change in annual debt interest expense[242](index=242&type=chunk) - A hypothetical **10% change** in foreign currency exchange rates would result in a change to the fair value of outstanding forward contracts of approximately **$6 million**[241](index=241&type=chunk) [Item 4. Controls and Procedures](index=65&type=section&id=Item%204.%20Controls%20and%20Procedures) Confirms the effectiveness of the company's disclosure controls and procedures as of June 30, 2024 - Based on an evaluation as of June 30, 2024, the principal executive and financial officers concluded that the company's **disclosure controls and procedures were effective**[243](index=243&type=chunk) - **No changes occurred** during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[244](index=244&type=chunk) [PART II - OTHER INFORMATION](index=67&type=section&id=PART%20II%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=67&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various claims and lawsuits arising in the ordinary course of business - The company is involved in various claims and lawsuits, but **none are expected to have a material adverse effect** on its results of operations or financial condition[246](index=246&type=chunk) [Item 1A. Risk Factors](index=67&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report - As of June 30, 2024, there have been **no material changes** to the risk factors set forth in the company's 2023 Annual Report on Form 10-K[247](index=247&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=67&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details the company's Q2 2024 share repurchase activity and the remaining authorization under the program Issuer Purchases of Equity Securities (Q2 2024) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2024 | 635,888 | $45.62 | | May 2024 | 490,888 | $44.82 | | June 2024 | 430,188 | $44.17 | | **Total** | **1,556,964** | **$44.96** | - The Board of Directors increased the share repurchase program authorization by **$500 million** in May 2024, with approximately **$578 million** remaining available under the plan[249](index=249&type=chunk) [Item 6. Exhibits](index=69&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including amended corporate governance documents and certifications

Exhibit 99.1 ORLANDO, Fla. (July 24, 2024) — Travel + Leisure Co. (NYSE:TNL), the world's leading membership and leisure travel company, today reported second quarter 2024 financial results for the three months ended June 30, 2024. Highlights and outlook include: (1) • Adjusted EBITDA of $244 million and adjusted diluted earnings per share of $1.52 • Raising full year 2024 adjusted EBITDA guidance to $915 to $935 million • Returned $105 million to shareholders through $35 million of dividends and $70 millio ...

TNL's earnings surpassed expectations in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 15.9%. The Zacks Consensus Estimate for second-quarter adjusted earnings per share has trended downward to $1.39 from $1.40 in the past 60 days. The consensus estimate indicates 4.5% growth from the year-ago quarter's reported earnings of $1.33 per share. The top line of Travel + Leisure for the to-be-reported quarter is expected to have improved year over year on the ...

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. One company value investors might notice is Travel Leisure Co. (TNL) . TNL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E rat ...

Core Insights - The inaugural FOOD & WINE Classic in Charleston will take place from September 27-29, 2024, featuring a variety of culinary events and talent [1][2] - The event aims to showcase Charleston's unique culinary and cultural offerings, building on over 40 years of expertise from the FOOD & WINE Classic in Aspen [1] Event Highlights - The Grand Tasting Pavilion will host over 100 winemakers, distillers, chefs, and purveyors, with more than 40 cooking demonstrations, panels, and seminars featuring renowned talent [2][10] - Special off-site ticketed events will be available for festival passholders, including a Southern college football tailgate and a shopping tour along King Street [4][5] Sponsorship and Economic Impact - Explore Charleston is the presenting sponsor, with additional sponsors including Discover South Carolina, Lexus, and S.Pellegrino [7] - The Charleston region's travel and hospitality industry supported over 51,000 jobs and generated an economic impact of over $12.8 billion in 2022 [15]

Group 1 - San Miguel de Allende has been recognized as the World's Best City in the 2024 World's Best Awards by Travel + Leisure, followed by Udaipur and Kyoto in the top three rankings [1][6][11] - The Oberoi Rajvilas in Jaipur has been named the World's Best Hotel, highlighting the quality of hospitality in India [1][11] - The awards reflect a diverse range of travel preferences, showcasing both established favorites and emerging destinations, indicating evolving trends in the travel industry [6][8] Group 2 - The 2024 World's Best Awards included 125 category lists, featuring new winners such as JSX as the top domestic airline and iGA Istanbul Airport as the best international airport [7][11] - Travel + Leisure will host its inaugural World's Best Summit in July 2024, bringing together leaders from the travel and hospitality sectors [4] - The awards celebrate excellence in travel, with a focus on reader preferences and experiences, reinforcing the brand's influence in the travel media landscape [8][11]