Travel + Leisure Co. is a leading leisure travel company that operates the world's largest vacation ownership business and vacation exchange network, serving millions of owners and members globally. The company generates revenues through two main segments: Vacation Ownership, which develops and sells vacation ownership interests across 280+ resort locations worldwide under brands including Club Wyndham and Margaritaville Vacation Club, while also providing consumer financing and property management services; and Travel and Membership, which operates RCI, the world's largest vacation exchange network with millions of paid members, along with travel club services that charge membership dues and transaction fees. The business model is diversified, drawing revenue from vacation ownership sales, member dues and exchange fees, consumer financing, and ancillary services, with a customer base of leisure travelers seeking flexible vacation options and members participating in resort exchanges and travel club benefits.