Travel + Leisure TNL Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | |||||
| Travel and Membership | $662M-4.7% | $695M-2.3% | $711M-3.3% | $735M+2.9% | |
| Vacation Ownership | $3.36B+6.0% | $3.17B+4.3% | $3.04B+7.3% | $2.84B+17.0% | |
| Assets, Net of Investment in Unconsolidated Subsidiaries by Business | |||||
| Travel and Membership | $5.35B-0.7% | $5.39B-0.5% | $5.42B-1.0% | $5.47B-5.4% | |
| Vacation Ownership | $20.48B+1.0% | $20.28B+3.4% | $19.62B+2.6% | $19.12B-0.3% | |
| Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization by Business | |||||
| Travel and Membership | $228M-9.2% | $251M+1.6% | $247M-7.8% | $268M-1.1% | |
| Vacation Ownership | $861M+12.7% | $764M+4.8% | $729M+9.6% | $665M+16.9% | |
| Other segment items by Business | |||||
| Travel and Membership | $7M+133% | $3M-25.0% | $4M+300% | -$2M— | |
| Vacation Ownership | $33M+17.9% | $28M-15.2% | $33M+136% | $14M— | |
| Sales administration by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $218M+12.4% | $194M+8.4% | $179M+10.5% | $162M— | |
| Commissions by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $427M+4.9% | $407M+13.7% | $358M+4.1% | $344M— | |
| Consumer financing interest by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $135M-0.7% | $136M+21.4% | $112M+41.8% | $79M— | |
| Marketing by Business | |||||
| Travel and Membership | $43M-4.4% | $45M-22.4% | $58M-7.9% | $63M— | |
| Vacation Ownership | $440M+7.3% | $410M+13.9% | $360M+18.0% | $305M— | |
| Foreign Exchange by Business | |||||
| Travel and Membership | $6M+400% | -$2M-200% | $2M+129% | -$7M-133% | |
| Vacation Ownership | $0— | $0— | $0— | $0— | |
| G&A by Business | |||||
| Travel and Membership | $91M-9.9% | $101M-3.8% | $105M-0.9% | $106M— | |
| Vacation Ownership | $243M+5.2% | $231M-0.4% | $232M-7.9% | $252M— | |
| Cost of vacation ownership interests by Business | |||||
| Travel and Membership | $193M+3.8% | $186M+3.3% | $180M-3.7% | $187M— | |
| Vacation Ownership | $57M-37.4% | $91M-31.1% | $132M-15.4% | $156M— | |
| Licensing fees by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $103M+9.6% | $94M+5.6% | $89M+7.2% | $83M— | |
| Fee-for-Service expenses by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $49M+11.4% | $44M-45.7% | $81M+3.8% | $78M— | |
| Capital Expenditures by Business | |||||
| Travel and Membership | $17M-10.5% | $19M-13.6% | $22M+29.4% | $17M0.0% | |
| Vacation Ownership | $54M0.0% | $54M+14.9% | $47M+46.9% | $32M-5.9% | |
| Resort services by Business | |||||
| Travel and Membership | $30M-9.1% | $33M-13.2% | $38M+5.6% | $36M— | |
| Vacation Ownership | $0— | $0— | $0— | $0— | |
| Property management expense by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $682M+6.1% | $643M+5.9% | $607M+7.6% | $564M— | |
| Capitalized contract costs by Business | |||||
| Travel and Membership | $62M-7.5% | $67M-1.5% | $68M-5.6% | $72M+2.9% | |
| Vacation Ownership | $195M+2.6% | $190M+10.5% | $172M+39.8% | $123M-3.9% | |
| Contact center by Business | |||||
| Travel and Membership | $71M-7.8% | $77M-2.5% | $79M+2.6% | $77M— | |
| Vacation Ownership | $0— | $0— | $0— | $0— | |
| Developer obligations by Business | |||||
| Travel and Membership | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $111M-13.3% | $128M-0.8% | $129M-3.0% | $133M— | |
| Net revenues by Product | |||||
| Consumer financing | $454M+0.9% | $450M+5.4% | $427M+5.4% | $405M+0.5% | |
| Vacation ownership interest sales | $1.85B+7.3% | $1.72B+8.8% | $1.58B+6.5% | $1.49B+26.3% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | |||||
| Fee-for-service Commissions | $78M+9.9% | $71M-45.8% | $131M+12.9% | $116M+14.9% | |
| Property Management Fees and Reimbursable Revenues | $879M+4.0% | $845M+3.8% | $814M+6.7% | $763M+10.4% | |
| Subscription revenue | $172M-3.9% | $179M-2.2% | $183M-0.5% | $184M+4.5% | |
| Transaction Revenues | $463M-4.9% | $487M-2.4% | $499M-3.9% | $519M+3.2% | |
| Contract with Customer, Liability, Revenue Recognition Term by Product | |||||
| VOI incentive revenue | 0— | 0— | 0— | 0— | |
| VOI trial package revenue | 0— | 0— | 0— | 0— | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Geography | |||||
| Non-US | $476M+3.5% | $460M+7.0% | $430M— | —— | |
| UNITED STATES | $3.55B+4.1% | $3.4B+2.5% | $3.32B+4.9% | $3.17B+15.0% | |
| Percentage Of vacation Ownership Interest Sales Revenue Generated From Geographic Sales Office by Geography | |||||
| CALIFORNIA | 12%0.0pp | 12%+1.0pp | 11%0.0pp | 11%— | |
| FLORIDA | 21%+2.0pp | 19%+5.0pp | 14%-1.0pp | 15%— | |
| NEVADA | 9%-2.0pp | 11%-3.0pp | 14%-1.0pp | 15%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Travel + Leisure break its business down?
- Travel + Leisure (TNL) reports net revenues by business across 2 parts — Travel and Membership and Vacation Ownership. Each is extracted from the segment footnotes and tracked over time.
- Where does Travel + Leisure's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Travel + Leisure's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.