v3.26.3
Segment Information (Summary Of Segment Information) (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
May 20, 2026
USD ($)
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
segment
Sep. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Segment Reporting [Line Items]            
Number of Reportable Segments | segment       2    
Segment Reporting, Factor Identifying Reportable Segment, Description       In identifying its reportable segments the Company analyzed the components of each segment, the nature of the segments’ products and services, and prescribed quantitative thresholds. Based on this analysis the Company aggregates two geographical operating segments within the Vacation Ownership reportable segment and two operating segments within the Travel and Membership reportable segment.    
Segment Reporting, Product and Service, Revenue, Description       The Vacation Ownership segment develops, markets, and sells VOIs to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts. This segment is wholly comprised of the Vacation Ownership business line. The Travel and Membership segment operates a variety of travel businesses, including vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment is comprised of the Exchange and Travel Club business lines.    
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]       Chief Executive Officer [Member]    
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description       Adjusted EBITDA is the profitability measure utilized by the CODM to assess the performance of the reportable segments through comparisons to budgets, forecasts, prior periods, and trends. This analysis is used to make certain decisions regarding the allocation of capital and personnel to the segments.    
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   $ 1,101 $ 1,044 $ 3,125 $ 2,996  
Marketing   187 162 500 438  
General and administrative   125 122 377 359  
Consumer financing interest   33 33 99 101  
Cost of sales   22 13 86 58  
Adjusted EBITDA   283 266 777 718  
Inventory write-downs and asset impairments, net   2 [1] 7 [2] 27 [3] 8 [4]  
Acquisition and divestiture related deal costs   (18)   (19)    
Other Expenses   (3) [5] (1) [6] (11) [7]    
Restructuring   (12) 0 (10) 0  
Legacy items       (5)    
Depreciation and amortization   35 31 99 92  
Stock-based compensation   (15) (12) (44) (38)  
Interest (income)   (5) (3) (9) (6) [8]  
Interest expense   56 [9] 60 171 [10] 175  
Income before income taxes   146 158 409 410  
Provision for income taxes   38 47 113 119  
Net income attributable to Travel + Leisure Co. shareholders   108 111 296 291  
Provision for Loan, Lease, and Other Losses   (148) (146) (389) [11] (365) [11]  
Inventory write-downs and impairments       27 6  
Segment Reporting, Long-Lived Asset, Expenditure for Addition       63 85  
Assets, Net of Investment in Unconsolidated Subsidiaries [12]   7,301   7,301   $ 6,760
Business Combination, Integration-Related Cost, Expense   (1)   (1)    
2026 Acquisitions            
Reconciliation of Net income to Adjusted EBITDA            
Extinguishment of Debt, Amount   1   1    
6.25% Secured notes due June 2031 | Debt            
Reconciliation of Net income to Adjusted EBITDA            
Payments of Debt Restructuring Costs $ 2     2    
Debt instrument, face amount $ 900 $ 900   $ 900    
Debt Instrument, Interest Rate, Stated Percentage 6.25% 6.25%   6.25%    
6.625% Senior Secured Notes Due July 2026 [Member] | Debt            
Reconciliation of Net income to Adjusted EBITDA            
Debt instrument, face amount $ 650 $ 650   $ 650    
Debt Instrument, Interest Rate, Stated Percentage 6.625% 6.625%   6.625%    
Other Restructuring            
Reconciliation of Net income to Adjusted EBITDA            
Restructuring       $ (5)    
Income Statement Location [Axis]: us-gaap:OperatingCostsAndExpenses            
Reconciliation of Net income to Adjusted EBITDA            
Other Expenses       (1)    
Operating Segments            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   $ 1,103 1,045 3,129 3,000  
Adjusted EBITDA   301 289 848 789  
Segment Reporting, Long-Lived Asset, Expenditure for Addition       53 52  
Assets, Net of Investment in Unconsolidated Subsidiaries [12]   6,837   6,837   6,356
Operating Segments | External            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   1,101 1,043 3,124 2,994  
Operating Segments | Intersegment            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   2 2 5 6  
Corporate and other            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues     1 [13] 1 [14] 2 [15]  
Adjusted EBITDA   (19) (23) (72) (71)  
Segment Reporting, Long-Lived Asset, Expenditure for Addition       10 33  
Assets, Net of Investment in Unconsolidated Subsidiaries [12]   464   464   404
Intersegment Eliminations            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   (2) (2) (5) (6)  
Adjusted EBITDA   1   1    
Vacation Ownership | Other Restructuring | Resort Optimization Initiative            
Reconciliation of Net income to Adjusted EBITDA            
Inventory write-downs and impairments   2 6 27 6 216
Vacation Ownership | Income Statement Location [Axis]: us-gaap:OperatingCostsAndExpenses | Special Termination Benefits | Resort Optimization Initiative            
Reconciliation of Net income to Adjusted EBITDA            
Other Expenses   (2)   (10)    
Vacation Ownership | Operating Segments            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   953 876 2,658 2,486  
Property management expense   191 170 543 511  
Marketing   146 [16] 124 [17] 388 [18] 331 [19]  
Commissions   131 116 352 317  
General and administrative   67 [20] 62 [21] 195 [22] 178 [23]  
Sales administration   61 58 177 163  
Consumer financing interest   33 33 99 101  
Licensing fees   32 28 86 76  
Developer obligations   8 [24] 24 [25] 27 [26] 84 [27]  
Cost of sales   20 [28] 7 [29] 59 [30] 52 [31]  
Fee-for-Service expenses   5 14 19 40  
Contact center   0 [32] 0 [33] 0 [34] 0 [35]  
Resort services   0 [32] 0 [33] 0 [34] 0 [35]  
Other segment items   9 [36] 9 [37] 25 [38] 25 [39]  
Adjusted EBITDA   250 231 688 608  
Segment Reporting, Long-Lived Asset, Expenditure for Addition       38 39  
Assets, Net of Investment in Unconsolidated Subsidiaries [12]   5,521   5,521   5,022
Vacation Ownership | Operating Segments | External            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   953 [40] 876 [41] 2,658 [42] 2,486 [43]  
Vacation Ownership | Operating Segments | Intersegment            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   0 0 0 0  
Travel and Membership | Operating Segments            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   150 169 471 514  
Property management expense   0 [32] 0 [33] 0 [34] 0 [35]  
Marketing   9 10 27 31  
Commissions   0 [32] 0 [33] 0 [34] 0 [35]  
General and administrative   22 [20] 23 [21] 67 [22] 69 [23]  
Sales administration   0 [32] 0 [33] 0 [34] 0 [35]  
Consumer financing interest   0 [32] 0 [33] 0 [34] 0 [35]  
Licensing fees   0 [32] 0 [33] 0 [34] 0 [35]  
Developer obligations   0 [24],[32] 0 [25],[33] 0 [26],[34] 0 [27],[35]  
Cost of sales   43 [28] 52 140 152  
Fee-for-Service expenses   0 [32] 0 [33] 0 [34] 0 [35]  
Contact center   16 18 51 54  
Resort services   7 7 22 23  
Other segment items   2 [36] 1 [37] 4 [38] 4 [39]  
Adjusted EBITDA   51 58 160 181  
Segment Reporting, Long-Lived Asset, Expenditure for Addition       15 13  
Assets, Net of Investment in Unconsolidated Subsidiaries [12]   1,316   1,316   $ 1,334
Travel and Membership | Operating Segments | External            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   148 167 466 508  
Travel and Membership | Operating Segments | Intersegment            
Reconciliation of Net income to Adjusted EBITDA            
Net revenues   $ 2 $ 2 $ 5 $ 6  
[1] Includes $2 million of inventory write-downs and impairments related to the Company’s resort optimization initiative included in Cost of vacation ownership interests on the Condensed Consolidated Statements of Income
[2] Includes $6 million of inventory impairments for the three months ended September 30, 2025, included in Cost of vacation ownership interests on the Condensed Consolidated Statements of Income.
[3] Includes $27 million of inventory impairments and write-downs related to the Company’s resort optimization initiative for the nine months ended September 30, 2026, included in Cost of vacation ownership interests on the Condensed Consolidated Statements of Income.
[4] Includes $6 million of inventory impairments for the nine months ended September 30, 2025, included in Cost of vacation ownership interests on the Condensed Consolidated Statements of Income.
[5]
(j)Includes $2 million of resort closure and employee related costs associated with the resort optimization initiative included within Operating expense on the Condensed Consolidated Statements of Income.
[6] Represents adjustments for other items that meet the conditions of unusual and/or infrequent.
[7] Includes $10 million of resort closure and employee related costs associated with the resort optimization initiative included within Operating expense on the Condensed Consolidated Statements of Income and $1 million for other items that meet the conditions of unusual and/or infrequent.
[8] Represents adjustments for other items that meet the conditions of unusual and/or infrequent.
[9] Includes $1 million of debt extinguishment costs related to the Acquisitions.
[10] Includes $2 million of debt modification costs associated with the refinancing of the $650 million 6.625% secured notes which were due July 2026 and $1 million of debt extinguishment costs related to the Acquisitions.
[11] Recorded as a reduction to Net revenues.
[12] Excludes investment in consolidated subsidiaries.
[13] Represents revenue recognized at the Company's Corporate and other segment for managing an insurance program on behalf of homeowners associations.
[14] Represents revenue recognized at the Company's Corporate and other segment for managing an insurance program on behalf of homeowners associations.
[15] Represents revenue recognized at the Company's Corporate and other segment for managing an insurance program on behalf of homeowners associations.
[16] Excludes licensing fees which are reported within Marketing on the Condensed Consolidated Statements of Income, as it is separately disclosed.
[17] Excludes licensing fees which are reported within Marketing on the Condensed Consolidated Statements of Income, as it is separately disclosed.
[18] Excludes licensing fees which are reported within Marketing on the Condensed Consolidated Statements of Income, as it is separately disclosed.
[19] Excludes licensing fees which are reported within Marketing on the Condensed Consolidated Statements of Income, as it is separately disclosed.
[20] Excludes stock-based compensation and legacy items which are not included in the determination of Adjusted EBITDA.
[21] Excludes stock-based compensation and legacy items which are not included in the determination of Adjusted EBITDA.
[22] Excludes stock-based compensation and legacy items which are not included in the determination of Adjusted EBITDA.
[23] Excludes stock-based compensation and legacy items which are not included in the determination of Adjusted EBITDA.
[24] Represents maintenance fees incurred by the Company for unsold VOIs, net of monetization.
[25] Represents maintenance fees incurred by the Company for unsold VOIs, net of monetization.
[26] Represents maintenance fees incurred by the Company for unsold VOIs, net of monetization.
[27] Represents maintenance fees incurred by the Company for unsold VOIs, net of monetization.
[28] Represents Cost of vacation ownership interests on the Condensed Consolidated Statements of Income. Excludes $2 million of inventory write-downs and impairments which are not included in the determination of Adjusted EBITDA.
[29] Represents Cost of vacation ownership interests on the Condensed Consolidated Statements of Income. Excludes $6 million of inventory impairments for the three months ended September 30, 2025, which are not included in the determination of adjusted EBITDA.
[30] Represents Cost of vacation ownership interests on the Condensed Consolidated Statements of Income. Excludes $27 million of inventory impairments for the nine months ended September 30, 2026, which are not included in the determination of Adjusted EBITDA.
[31] Represents Cost of vacation ownership interests on the Condensed Consolidated Statements of Income. Excludes $6 million of inventory impairments for the nine months ended September 30, 2025, which are not included in the determination of Adjusted EBITDA.
[32] Expense category not regularly provided to the CODM for this segment.
[33] Expense category not regularly provided to the CODM for this segment.
[34] Expense category not regularly provided to the CODM for this segment.
[35] Expense category not regularly provided to the CODM for this segment.
[36] Includes expenses for VOI travel packages, VOI incentives, and professional fees reported within Operating expenses, and other non-operating income/expense items included in the determination of Adjusted EBITDA such as dividend income and asset sales.
[37] Includes expenses for VOI travel packages, VOI incentives, and professional fees reported within Operating expenses, and other non-operating income/expense items included in the determination of Adjusted EBITDA such as dividend income.
[38] Includes expenses for VOI travel packages, VOI incentives, and professional fees reported within Operating expenses, and other non-operating income/expense items included in the determination of Adjusted EBITDA such as dividend income and asset sales.
[39] Includes expenses for VOI travel packages, VOI incentives, and professional fees reported within Operating expenses, and other non-operating income/expense items included in the determination of Adjusted EBITDA such as dividend income and asset sales.
[40] Includes $148 million provision for loan losses, net.
[41] Includes $146 million provision for loan losses, net.
[42] Includes $389 million provision for loan losses, net.
[43] Includes $365 million provision for loan losses, net.