The world’s leading membership and leisure travel provider, Travel + Leisure Co. (NYSE: TNL), has announced that FORTUNE® magazine has named it one of the “World’s Most Admired Companies” for 2023. The list is currently active on Fortune’s website, and Travel + Leisure Co. is the only vacation ownership company on the list.
The World’s Most Admired Companies have been identified and ranked by Fortune magazine in collaboration with the international management consulting company Korn Ferry since 1997. The study explains how businesses develop their solid reputations. This is Travel + Leisure Co.’s first Fortune recognition since its founding in 2021. The business was also honored by Forbes in 2022 as one of the Best Employers in the world.
“We are proud to receive this recognition which reflects our commitment to put the world on vacation. Our team strives to provide the best experiences for our owners, guests, and associates which drives growth for our shareholders,” said Michael Brown, president and CEO of Travel + Leisure Co. “We are focused on delivering great vacations, and to be recognized as one of the most admired companies shows that we are centered on the right fundamentals for our business.”
Reputational factors and attributes that are taken into consideration when evaluating a company’s performance include:
- Its capacity to find and keep talented employees;
- The caliber of its management;
- Its social and environmental responsibility;
- The quality of its goods or services;
- The prudent use of its corporate resources;
- Financial stability;
- Its potential as a long-term investment; and
- Its efficiency in conducting international business.
A total of 3,740 executives, directors, and securities analysts who had participated in the industry surveys were questioned by Korn Ferry about the ten firms they most respected. This is from a list of companies that ranked in the top 25 per cent in last year’s surveys, plus those that finished in the top 20 per cent of their industry.
Travel + Leisure Co. (NYSE: TNL), the world’s largest leisure travel and membership firm, revolutionized how families vacationed by launching the first vacation exchange network, RCI, and the most dynamic points-based vacation ownership program, Club Wyndham.
The company delivers vacations to more than five million customers each year at 245+ timeshare resorts worldwide through tailored travel and membership products and via Travel + Leisure GO – the signature subscription travel club inspired by the pages of Travel + Leisure magazine.
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