Travel + Leisure Company (NYSE:TNL) revealed robust financial results for the first quarter of 2026, driven by sustained demand for leisure travel and increased efficiency in its vacation ownership business.
The Orlando-based company achieved net revenue of $961 million for the three months ended March 31, 2026, as travelers continued to prioritize branded vacation experiences despite broader macroeconomic fluctuations.
Performance in the company’s vacation ownership segment was a primary driver of the quarter’s success.
Gross Vacation Ownership Interest (VOI) sales reached $549 million, representing a 7% increase year-over-year.
This growth was supported by a 5% rise in tour volume and a 3% improvement in volume per guest (VPG), which hit $3,321.
On the bottom line, the company reported net income of $79 million, or $1.22 per diluted share.
On an adjusted basis, diluted earnings per share surged 31% to $1.45, while adjusted EBITDA grew 11% to $225 million.
Elsewhere, Travel + Leisure remained committed to its capital return strategy during the quarter, returning $128 million to its shareholders.
This included $41 million in dividends and $87 million in share repurchases.
Looking ahead, Travel + Leisure provided a positive outlook for the second quarter, expecting adjusted EBITDA in the range of $260 million to $270 million.
The company also reaffirmed its full-year 2026 adjusted EBITDA guidance of $1,030 million to $1,055 million.