Travel + Leisure (TNL) Q2 FY26 earnings call

Travel + Leisure delivered strong Q2 FY26 results, driven by robust owner trends and sustained travel demand, leading to increased VOI sales and expanded EBITDA margins. Strategic acquisitions of Yes& Vacations and Spinnaker Resorts are expected to be immediately accretive, enhancing the resort portfolio and owner base. Management raised full-year guidance, reflecting confidence in continued growth, the success of its multi-brand strategy, and disciplined capital allocation.