Travel+Leisure Co reported second-quarter revenue of $1.06 billion and EBITDA of $269 million, a 9% year-over-year increase, while raising its full-year EBITDA guidance to between $1.065 billion and $1.085 billion. Gross VOI sales rose 6% to $693 million, and earnings per share increased 21% year-over-year. The company returned $253 million to shareholders through dividends and share repurchases in the first half of the year, reducing common shares outstanding by 4%. Acquisitions of Yes& Vacations and Spinnaker Resorts added 23 resorts and over 100,000 owners, and the company expects these deals to be immediately accretive to earnings. The Travel and Membership segment saw a 5% revenue decline and an 11% EBITDA decline, reflecting challenges in the exchange business.
Travel + Leisure CoRaised full-year EBITDA guidance and reported strong Q2 earnings beat with 21% EPS growth.