Travel + Leisure Co. (TNL) stock is soaring 5.13% in pre-market trading on Wednesday following the company's impressive third-quarter results and improved full-year outlook. The vacation ownership and travel services provider reported better-than-expected earnings and revenue, while also announcing exciting progress in its multi-brand strategy.

The company posted adjusted earnings of $1.80 per share for Q3, surpassing analysts' expectations of $1.73 per share. Revenue for the quarter came in at $1.04 billion, slightly above the consensus estimate of $1.03 billion. The strong performance was driven by solid growth in the Vacation Ownership segment, which saw a 6% increase in revenue year-over-year, supported by higher volume per guest (VPG) and increased tours.

Adding to investor optimism, Travel + Leisure raised its full-year 2025 guidance. The company now expects adjusted EBITDA between $965 million and $985 million, up from its previous range of $955 million to $985 million. Gross vacation ownership interest (VOI) sales are projected to be between $2.45 billion and $2.50 billion, an increase from the earlier forecast. Furthermore, the company highlighted its multi-brand strategy progress, including the launch of the Eddie Bauer Adventure Club and the announcement of a new Sports Illustrated Resort in Chicago, which are expected to expand the company's reach to new audiences and strengthen its brand portfolio.