(Corrects headline and overview to say the company beat revenue expectations, and revenue figure in key details table to $1.04 bln from $876 mln)

Overview

* Travel + Leisure ( TNL ) beat analysts' expectations for Q3 revenue, adjusted EPS exceeded estimates

* Vacation Ownership revenue increased 6% yr/yr, driven by higher VPG and tours

* Company raises full-year Adjusted EBITDA guidance to $965 mln to $985 mln

Outlook

* Travel + Leisure ( TNL ) raises full-year Adjusted EBITDA guidance to $965 mln-$985 mln

* Company increases full-year Gross VOI sales forecast to $2.45 bln-$2.50 bln

* VPG guidance updated to $3,250-$3,275 for 2025

Result Drivers

* VACATION OWNERSHIP GROWTH - Co's Vacation Ownership revenue rose 6%, with volume per guest up 10% and a 2% rise in tours

* NEW INITIATIVES - Launch of Eddie Bauer Adventure Club and new Sports Illustrated Resort to expand brand reach

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $1.04 $1.03

Revenue beat bln* bln (10

Analysts

)

Q3 Beat $1.80 $1.73 (9

Adjusted Analysts

EPS )

Q3 Net $111 mln

Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

* Wall Street's median 12-month price target for Travel + Leisure Co ( TNL ) is $70.00, about 13.3% above its October 21 closing price of $60.67

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)