Travel + Leisure Co. Reports Q3 Results with 4% Revenue Growth and 6% EBITDA Growth

Travel + Leisure Co. (TNL) reported Q3 revenue of $4 billion, up 4% YoY, with EBITDA increasing 6% to $1 billion. The company's CFO, Erik Hoag, highlighted the predictable revenue and strong cash flows generated by its Vacation Ownership segment, which accounts for 3/4 of the business. The Travel and Membership segment, which accounts for 1/4 of the company, has a member base of 3 million and generates high recurring revenue. Free cash flow per share increased by 20% YoY.