Travel + Leisure TNL Vacation Ownership — Payments to Acquire Businesses, Gross

On July 15, 2026, the Company acquired Yes& Vacations, a fully integrated timeshare business engaged in development, marketing, sales, property management and related services within the vacation ownership industry. This acquisition creates opportunities to generate incremental revenue through the addition of highly sought-after destinations and owners to the Company’s vacation ownership network. Yes& Vacations was acquired for $193 million, subject to customary post-closing adjustments based on final valuation information and additional analysis. The fair value of purchase consideration was fully comprised of $193 million of cash delivered at closing. The Company has not yet completed the purchase accounting for this transaction. This transaction will be accounted for as a business acquisition and will be reported within the Vacation Ownership segment.