HomeBlogHotelsWhy a timeshare brand just bought Travel + Leisure magazine

Why a timeshare brand just bought Travel + Leisure magazine

With so many options, so much flexibility, and increasingly higher expectations, the 21st century traveler seeks experiences that go beyond the vacations and business trips of yesteryear. On Feb. 17, 2021, our parent company was renamed Travel + Leisure Co. and made its debut as the world’s leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. The company’s reportable segments are Vacation Ownership and Vacation Exchange segment. The Vacation Ownership segment develops, markets and sells vacation ownership interests to individual consumers and provides consumer financing in connection with the sale of VOIs and offers property management services at resorts. The Vacation Exchange segment provides vacation exchange services and products to owners of VOIs and manages and markets vacation rental properties on behalf of independent owners.

  • Travel and leisure stocks like Booking Holdings, MGM Resorts International, and Caesars Entertainment are getting hit especially hard.
  • This is a flagship property and an iconic development in Male city.
  • Even prior to the pandemic, hybrid business-leisure trips, in which extra days are tacked onto a business trip for leisure enjoyment, increased 60% across five countries surveyed between 2016 and 2018.
  • The Travel + Leisure World’s Best Awards is a leading barometer of the places and companies that appeal to some of the most passionate and discerning travelers out there.

Working with Webhelp you will have access to all the tools and technology you need to achieve your vision and strategy. From consultancy & customer analytics to automation & machine translation we’ve invested in the tools, technology and the experts to use them so you don’t have too. Over 60,000 people working from more than 140 locations gives us a global footprint capable of meeting your proximity, cost and quality needs. Bring together financial processes with automated, real-time analytics, and translate them into forward-looking business insight across the entire organization. Digital transformation is top of mind for airlines with the acceleration of retailing to deliver more choices to the customer.

How is leisure travel and corporate travel linked?

In fact, many employees who travel frequently see bleisure travel opportunities as an attractive part of their job. Even prior to the pandemic, hybrid business-leisure trips, in which extra days are tacked onto a business trip for leisure enjoyment, increased 60% across five countries surveyed between 2016 and 2018. Today, experts anticipate a sharp uptick in trip planning soon as delayed and canceled plans caused by the pandemic have consumers longing for “revenge travel.” At Windham Travel & Leisure, our tag line is “What’s on your bucket list?

While more of an intermediary between the magazine website and club, perhaps the company will look to establish online booking features similar to Booking.com or Expedia . The company also offers the Panorama software platform that enables condominiums, apartments, and/or resorts and other vacation rentals to have their own website platform for bookings. “As travel continues to rebound and people look for new trip ideas and inspiration, I’m thrilled to share this incredible resource of our readers’ favorite places and companies,” said Travel + Leisure Editor in Chief Jacqui Gifford. A subsidiary of Browns Investments PLC, Ceylon Roots is mostly concerned with the creation and facilitation of experiential travel in the island, which brings the discerning traveler face to face with curated Sri Lankan lifestyle focused experiences. A fully-fledged professional destination management company,Ceylon Roots offers comprehensive packages for both inbound and outbound travel services, including several specialised departments for ticketing. The company also handles the European market alongside a vast network of representatives in the travel, tourism and hospitality industries in Singapore, China, Maldives, India, North America, Australia, Italy, and the Middle East.

Now enhanced with Covid-19 coverage for flights commencing in Singapore and overseas hotel bookings, subject to T&Cs. Established in 1993, the Dominica Citizenship by Investment Programme is one of the longest standing in the citizenship by investment industry, and has welcomed foreign investors from across the globe to obtain citizenship of the nation for over 3 decades. The island offers tourists relaxation, seclusion, and eco-adventures set against a backdrop of the most beautiful beaches and rainforests.

Management Fee0.40%

While 2020 was met with steep losses initially, I find that T+L was able to maintain strong profitability during the later stages of the pandemic. In fact, two quarters were negative, but then by 2021, the net income margin returned above 5%, with some quarters hitting 10%. The timeshare industry has a history of slow, but profitable growth, and it seems this pattern allowed for safety into 2021. I also believe the magazine segment remained strong as well, as the desire for travel content did not subside, just the capability to travel; I know I planned out many trips for once I could travel again over the past two years. There are other parts I could discuss, but the gist is that the magazine website drives traffic and the desire to travel, then initial travelers will look at itineraries on the T+L Go site.

Maximise new opportunities and meet challenges head on in the leisure industry. Outdoor adventure on Mackinac Island – Travel + Leisure readers love the many sights to see and things to explore on Mackinac Island, both in town and in the expanse of the state park that covers 80% of the island. Visitors enjoy riding a bike all the way around the lakeshore drive that circles Mackinac Island and paddling the waters surrounding Mackinac Island in a kayak. They have fun exploring historic Fort Mackinac and gawking at some of Michigan’s oldest and grandest homes. And they appreciate the chance to “get lost in a flutter of delicate wings” at Mackinac Island’s beautiful butterfly conservatories.

Cafe Rouge is a chain of restaurants in the UK and it earns a mention on our list for excellent mobile experiences. This hospitality example starts with a compelling subject line ‘Café Rouge passed you the parcel…’(for those who don’t know, ‘pass the parcel’ is a popular children’s game also known at ‘hot potato’). Upon opening the email, an animated GIF shows a curtain drawing to reveal potential prizes all tied with a gold ribbon with the call-to-action ‘Play to win’. Winning ourCampaign of the Month in November 2016, this hyper-personalized email not only delivered great customer experience but helped the company up-sell additional days for the same bookings.

However, the U.S. still contended with roughly 1.4 billion domestic trips and 7.2 million overseas arrivals in 2020. Travel & tourism is one of the biggest sectors in terms of global economic impact. Within this context, leisure travel represents by far the most important market. In 2019, travel leisure spending in the United States and China – leading countries in terms of travel & tourism contribution to the global GDP – accounted for 70 percent and 81 percent of the national tourism expenditure respectively.