Travel + Leisure - M&A Summary and Business Overview

LeisureCompany

Travel + Leisure M&A Summary

Travel + Leisure has acquired 14 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

Travel + Leisure’s largest acquisition to date was in 2018, when it acquired La Quinta Holdings for $2.0B. It’s largest disclosed sale occurred in 2018, when it sold Awaze Limited to Platinum Equity for $1.3B. Travel + Leisure has acquired in 7 different US states, and 5 countries. The Company’s most targeted sectors include leisure (93%) and restaurants (8%).

Travel + Leisure Business Overview

Where is Travel + Leisure headquartered?

Travel + Leisure is headquartered in Orlando, Florida.

What is Travel + Leisure’s revenue?

Travel + Leisure disclosed revenue of 3,567M USD for 2022 and 3,134M USD for 2021.

How many employees does Travel + Leisure have?

Travel + Leisure has 15,500 employees.

What sector is Travel + Leisure in?

Travel + Leisure is a leisure company.

When was Travel + Leisure founded?

Travel + Leisure was founded in 1990.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity14
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 7
  • M&A Advisors 7

Travel + Leisure

Travel + Leisure Co.

6277 Sea Harbor Drive,
Orlando, Florida 32821
United States,
(407) 626-5200
www.travelandleisureco.com

Travel + Leisure is a large hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 13 - - - - 1 14
vol $2.4B $48M $2.4B
Sell (0.0/yr) # 2 - - - - - 2
vol $1.5B $1.5B
  16

Most Recent M&A

Company Date Value Type
Accor Vacation Club 2024-01-30 48M USD Divestiture
Surfers Paradise, Australia · www.accorvacationclub.com.au
Wyndham Vacation Rentals 2019-07-30 162M USD Divestiture
Parsippany, New Jersey · www.wyndhamvacationrentals.com
Awaze Limited 2018-02-15 1.3B USD Divestiture
Lancashire, United Kingdom · www.awaze.com
La Quinta Holdings, Inc. 2018-01-18 2.0B USD Add-on Acquisition
Irving, Texas · www.lq.com
Fën Hotels S.A 2016-12-01 - Add-on Acquisition
Montevideo, Uruguay · www.fenhoteles.com
Vacation Palm Springs Real Estate, Inc. 2015-06-02 - Add-on Acquisition
Palm Springs, California · www.vacationpalmsprings.com
Dolce Hotels and Resorts, Inc. 2015-02-02 56M USD Add-on Acquisition
Rockleigh, New Jersey · www.dolce.com
Cumbrian Cottages Ltd. 2013-01-02 - Add-on Acquisition
Carlisle, United Kingdom · www.cumbrian-cottages.co.uk
Kaiser Realty, Inc. 2013-01-02 - Add-on Acquisition
Gulf Shores, Alabama · www.kaiserrealty.com
Oceana Resorts LLC 2013-01-02 - Add-on Acquisition
Myrtle Beach, South Carolina · www.oceanaresorts.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Leisure 13 (93%) 2.4B (100%) 1 (50%) 1.3B (89%)
Restaurants 1 (7%) - - -
Internet Software and Services - - 1 (50%) 162M (11%)
Total 14 $2.4B 2 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 8 2.3B 1 162M
  Florida 2 311M - -
  New Jersey 1 56M 1 162M
  Texas 1 2.0B - -
  South Carolina 1 - - -
  Colorado 1 - - -
  California 1 - - -
  Alabama 1 - - -
United Kingdom 3 79M 1 1.3B
Australia 1 48M - -
Spain 1 - - -
Uruguay 1 - - -
Domestic 8 (57%) 2.3B (95%) 1 (50%) 162M (11%)
Cross-border 6 (43%) 127M (5%) 1 (50%) 1.3B (89%)
Total 14 $2.4B 2 $1.5B

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 1
Barclays Investment Bank
 1
Goldman Sachs
 1
Legal Deals
Kirkland & Ellis
 2
Weil Gotshal & Manges
 1
Dechert
 1

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 1 $255M
< $100M 4 $239M
TOTAL $2.4B
Largest La Quinta Holdings, Inc.
$2.0B (2018-01-18)
sell # Total
> $1B 1 $1.3B
$100M to $1B 1 $162M
TOTAL $1.5B
Largest Awaze Limited
$1.3B (2018-02-15)

M&A Connections

Deals
Acquired from
Investor(s)
29%
4 (29%)
Strategic(s)
7%
1 (7%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Leisure

Revenue

3,567   14% 2022
3,134   46% 2021
2,160   47% 2020
4,043   3% 2019
3,931   23% 2018
5,076   10% 2017
5,599   2% 2016
5,536   5% 2015
5,281   6% 2014
5,009   11% 2013
4,534   2012
(millions of USD) Show More Show Less

Employees

15,500

Established

1990

Public

NYSE: TNL

Former Name

Wyndham Destinations, Inc. (Wyndham Worldwide Corp.)

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