Travel + Leisure Co Expects 2024 Adj EBITDA of $910M-$930M, Q1 Adj EBITDA of $185M-$190M

Author: Benzinga Newsdesk | February 21, 2024 07:37am

Outlook

The Company is providing guidance regarding expectations for the 2024 full year:

• Adjusted EBITDA to range from $910 million to $930 million.
• Gross VOI sales of $2.25 billion to $2.35 billion
• VPG of $2,900 to $3,000

The Company is providing guidance regarding expectations for the first quarter 2024:

• Adjusted EBITDA to range from $185 million to $190 million
• Gross VOI sales of $460 million to $480 million
• VPG of $2,925 to $3,025
• Travel and Membership Adjusted EBITDA of $75 million to $80 million

Following are sensitivities to full year Adjusted EBITDA guidance. The impact of 100 bps change in our key Vacation Ownership drivers would be expected to be as follows:

• Tours: approximately $6 million change in Adjusted EBITDA
• VPG: approximately $11 million change in Adjusted EBITDA

Posted In: TNL