Is Travel + Leisure (TNL) Undervalued After Launching Trail Partners?

Travel + Leisure (TNL) has rolled out Trail Partners, a new outdoor hospitality network that lets Eddie Bauer Adventure Club members use credits at third party camps and excursions. Trail Partners arrives after a softer stretch for Travel + Leisure’s shares, with the 30-day share price return down 5.14% and the 90-day move down 16.67%. At the same time, the 1-year total shareholder return sits at 5.26% and the 3-year total shareholder return is very large at about 2x, suggesting long term…Read More