Travel + Leisure TNL Deferred VOI incentive revenue — Remaining performance obligations

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Questions, answered.

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

Travel + Leisure (TNL) reported deferred VOI incentive revenue — remaining performance obligations of $88M in Q1 2026.

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

Travel + Leisure's deferred VOI incentive revenue — remaining performance obligations increased by 4.8% year-over-year, from $84M to $88M.

What does deferred VOI incentive revenue — remaining performance obligations mean?

This metric quantifies the total transaction price allocated to vacation ownership incentive performance obligations that are unsatisfied or partially unsatisfied at the reporting date. It provides visibility into the future revenue backlog associated with incentive programs tied to vacation ownership interests. Tracking this helps investors forecast future revenue streams and evaluate the long-term commitment of the company's customer base.