Travel + Leisure
reported improved earnings as key markets such as Las Vegas and Hawaii had better demand.
Travel + Leisure (ticker: TNL) earned an adjusted 39 cents a share in the first quarter, versus a loss of 98 cents a year earlier as revenue climbed by 13% to $628 million.
The company, along with its peers, was hit hard during the pandemic last year as leisure travel plummeted. But the first quarter, especially March, showed signs of improvement. “Our operating performance strengthened significantly in March, with a robust sequential improvement in our key metrics,” CEO
said in a press release Wednesday.
The stock was at $65.69, up fractionally in early trading Wednesday. The stock has returned about 47% in 2021, dividends included.
Travel + Leisure changed its name from Wyndham Destinations earlier this year after it acquired the travel company