Travel Leisure Co. Common Stock (TNL) Covered Calls

Travel + Leisure Co. is a leading global membership and leisure travel company, specializing in vacation ownership and travel services. The company operates a portfolio of resort and lifestyle brands, including Club Wyndham and WorldMark. Through its flagship vacation ownership interests and the RCI exchange network, it provides flexible, high-quality travel experiences and subscription-based memberships to millions of travelers across a vast global hospitality network.

You can sell covered calls on Travel Leisure Co. Common Stock to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for TNL (prices last updated Tue 4:16 PM ET):

Travel Leisure Co. Common Stock (TNL) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
74.99 +0.54 72.00 76.98 487K 22 4.6
Covered Calls For Travel Leisure Co. Common Stock (TNL)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 75 1.80 75.18 -0.2% -2.9%
Apr 17 75 2.55 74.43 0.8% 5.5%
Subscribers get access to the full covered call chain, and more features.

Want to make money with covered calls?  Sign Up For A Free Trial

Travel + Leisure Co. (TNL) is a premier global leader in the leisure travel and hospitality sector. Headquartered in Orlando, Florida, the company provides more than six million vacations annually through its two primary segments: Vacation Ownership and Travel & Membership. Its business model focuses on a high-engagement, recurring revenue structure driven by vacation ownership interest (VOI) sales, property management fees, and travel club subscriptions. The company’s brand portfolio is anchored by Club Wyndham, WorldMark, and the iconic Travel + Leisure lifestyle brand.

The company’s Vacation Ownership segment features over 245 resorts worldwide, serving approximately 800,000 owners. Its Travel & Membership segment includes RCI, the world’s largest vacation exchange network with access to over 4,200 affiliated resorts. In early 2026, the company successfully optimized its portfolio through its "Resort Optimization Initiative," which streamlined operations and improved margin profiles. Additionally, the launch of the Eddie Bauer Adventure Club and Sports Illustrated Resorts expanded the company’s reach into experiential travel, targeting the growing outdoor and sports-themed tourism markets.

Competitive Landscape

The competitive landscape for Travel + Leisure Co. consists of global hospitality leaders and specialized vacation ownership firms. Primary rivals that are publicly traded on the NYSE or NASDAQ and offer active options markets include Hilton Grand Vacations Inc. and Marriott International, Inc. (via its Marriott Vacations Worldwide affiliate). These entities compete for market share in the premium timeshare and luxury membership sectors.

Other notable competitors in the travel services and lodging industries with active options trading include Wyndham Hotels & Resorts, Inc. and Choice Hotels International, Inc.. While general hotel groups offer traditional lodging, Travel + Leisure Co. distinguishes itself through its unmatched scale in the exchange and membership space. Its high-margin RCI platform acts as a significant "moat," creating a network effect that incentivizes owners to remain within the company’s ecosystem to maximize their travel flexibility and value.

Strategic Outlook

Strategic innovation is currently centered on the digital transformation of the member experience and the expansion of its experiential lifestyle brands. By early 2026, the company has prioritized the integration of AI-driven personalization engines into its digital platforms, delivering hyper-relevant travel itineraries and real-time booking discounts to its subscription members. These technological investments are designed to attract younger, "experience-first" travelers while increasing long-term member retention through lower-friction digital interactions and self-service capabilities.

The long-term outlook involves a disciplined focus on "inventory-light" growth and portfolio optimization. Management is prioritizing the removal of underperforming assets to focus resources on higher-demand, newer resort locations that align with contemporary traveler preferences. By leveraging its multi-brand strategy and expanding its "fee-for-service" business model, the company aims to sustain a resilient, cash-generative platform that can weather economic cycles. This approach, combined with a commitment to consistent shareholder returns, positions the company as a consolidated leader in the evolving global leisure economy.