Travel + Leisure Co., formerly Wyndham Destinations, Inc., is a membership and leisure travel company. The Company has a diverse portfolio of resort, membership, and lifestyle travel brands, which includes Wyndham Destinations, Panorama and Travel + Leisure Group. Its Wyndham Destinations is a trip ownership company with roughly 230 vacation membership resort places throughout the globe.
Revenue in our Travel and Membership phase, which includes Panorama as well as the Travel and Leisure Group was $193 million in the first quarter compared to $159 million within the prior year. Travel and Membership first quarter adjusted EBITDA was $75 million, an increase of 70% compared to final year’s $44 million. As previewed last quarter, Travel and Membership updated its key operational drivers by way of expanded give consideration to servicing the broader travel circulate market.
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