As all the time, I have our group to thank for their service to our owners, members and friends as we embark on what’s turning out to be a very busy spring season. Earlier this morning, we reported first quarter adjusted EBITDA of $129 million and adjusted EPS of $0.39. Operating performance strengthened significantly in March with sequential enchancment in our key working metrics. Increased consumer confidence, decreased home travel restrictions and the faster-than-anticipated vaccine rollout have all helped to speed up leisure travel demand. As we reflect on our March outcomes and booking developments, the data clearly reflects an inflection in travel sentiment, which we imagine will result in a robust summer season travel restoration.
Publicly traded Wyndham Destinations stated it intends to vary the name of its company to the Travel + Leisure Co. and commerce on the NYSE beneath the TNL image starting in mid-February. Exploring the …Read more