Travel + Leisure Co. Reports Strong Q2 Results Amid Challenging Macro Environment

Travel + Leisure Co., the parent company of several vacation ownership brands, presented its quarterly results at the Goldman Sachs Global Consumer and Retail Conference. The company's Chief Financial Officer, Erik Hoag, emphasized that despite a challenging macroeconomic backdrop, Travel + Leisure remains committed to its growth strategy.

The company reported first-half 2026 results that exceeded guidance, with sales and EBITDA (earnings before interest, taxes, depreciation, and amortization) both coming in above the high end of expectations. Second-quarter revenue rose 4% year over year, while second-quarter EBITDA increased 8% year over year.

Hoag stated that the company's core operating model remains unchanged, with a focus on sales growth of 6-8%, mid-single-digit EBITDA growth, and double-digit EPS (earnings per share) growth. The company also aims to convert roughly 50% of its EBITDA into free cash flow.

Travel + Leisure completed two acquisitions in July that added approximately 100,000 owners and are expected to contribute around $50 million of incremental EBITDA in the first year. The company's resort optimization program is mostly complete, with benefits already seen through lower property management fees and inventory carry costs.