Performance was anchored by the vacation ownership business, where management converted high owner engagement into recurring demand and predictable cash flow. The company achieved 8% gross vacation ownership sales growth, driven by a 6% increase in Volume Per Guest (VPG) and accelerating tour flow that peaked in the fourth quarter. Management attributed sustained consumer demand to a deliberate shift toward higher-quality demographics, with average FICO scores rising above 740 and household incomes ex ...

Travel + Leisure (NYSE:TNL) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAndrew Burns - VP of Investor RelationsErik Hoag - CFOMichael Brown - President and CEOStephen Grambling - Managing Director and Head of U.S. Gaming, Lodging and Leisure ResearchConference Call ParticipantsBen Chaiken - Managing Director and Senior Equity AnalystBrandt Montour - Director and Equity Research AnalystChris Woronka - Director and Senior Equity AnalystDavid Katz - Managing Director and Equity Rese ...

Travel + Leisure (NYSE:TNL) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAndrew Burns - VP of Investor RelationsErik Hoag - CFOMichael Brown - President and CEOStephen Grambling - Managing Director and Head of U.S. Gaming, Lodging and Leisure ResearchConference Call ParticipantsBen Chaiken - Managing Director and Senior Equity AnalystBrandt Montour - Director and Equity Research AnalystChris Woronka - Director and Senior Equity AnalystDavid Katz - Managing Director and Equity Rese ...

Travel + Leisure (NYSE:TNL) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker9It is now my pleasure to introduce your host, Andrew Burns, Vice President, Investor Relations. Thank you. You may begin.Speaker0Thank you, Shamali. Good morning, everyone. Before we begin, I would like to remind you that our discussion today will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and the forward-looking statements made today ...