Travel + Leisure Shares Fall After 1Q Travel-and-Membership Revenue Slips

Dow Jones

Apr 23

By Christopher Kuo

Travel + Leisure shares slid after its first-quarter travel-and-membership revenue sharply decreased.

Shares of the travel company fell 14% on Wednesday to $65.81, on pace for its largest percent decrease since 2020. Its shares are down 6.4% year to date.

The company said its travel-and-membership revenue dropped 8% in the first quarter to $165 million, driven by a 10% decrease in revenue per transaction and flat transaction volume. The company also expects a continued decline in travel-and-membership revenue in 2026, it said on a call with analysts.

Overall first-quarter revenue came to $961 million, compared with $934 million a year earlier.

Net income for the quarter was $79 million, or $1.22 a share, compared with $73 million, or $1.07 a share, a year earlier.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

April 22, 2026 14:44 ET (18:44 GMT)

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Its shares are down 6.4% year to date. \n\n\n  The company said its travel-and-membership revenue dropped 8% in the first quarter to $165 million, driven by a 10% decrease in revenue per transaction and flat transaction volume. 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