Travel + Leisure Co. Continues Brand Portfolio Expansion with Acquisition of Accor Vacation Club ...Middle East

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Travel + Leisure Co. Continues Brand Portfolio Expansion with Acquisition of Accor Vacation Club
source : hospitality net ( Middle East ) () 25
Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, announced an agreement to acquire the vacation ownership business of global hospitality giant Accor (AC:FP) for US$48.4 million. The acquisition is expected to close in the first quarter of 2024 and to be immediately accretive to Travel + Leisure Co. earnings upon completion.

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