Travel + Leisure TNL Deferred subscription revenue — Remaining performance obligations

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Questions, answered.

What is Travel + Leisure's deferred subscription revenue — remaining performance obligations?

Travel + Leisure (TNL) reported deferred subscription revenue — remaining performance obligations of $86M in Q1 2026.

How has Travel + Leisure's deferred subscription revenue — remaining performance obligations changed year-over-year?

Travel + Leisure's deferred subscription revenue — remaining performance obligations decreased by 2.3% year-over-year, from $88M to $86M.

What does deferred subscription revenue — remaining performance obligations mean?

This metric quantifies the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. It provides investors with insight into the backlog of services the company is contractually obligated to deliver to its members. A growing balance typically signals strong future demand and long-term revenue predictability for the membership segment.