Travel + Leisure Co. (TNL)

Timeshare resorts and travel clubs. Read October 19, 2026 from the annual report for the period ending December 31, 2025, filed February 18, 2026. Ranked 50 of the 104 Consumer Cyclical companies read so far, by the share within reach now.

19,300 associates counted by segment: 16,400 in Vacation Ownership read as resorts with a timeshare sales force, 1,500 in exchange and travel services, and 1,400 corporate.

The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.

What follows from the reading

Share of working time within reach of AI, on the long-run pace at four in five: 20% now, 29% at the end of 2027, 31% at the end of 2028, 32% at the end of 2030. By the patterns, the work is about 32% desk work, 21% people work and 47% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 68% of the working time stays with people (conversation, in-person and hands-on work), 23% becomes checking a model's work and 7% could be handed over with lighter checks, from the industries' own figures, not the company's roles.

Headcount

19,300 employees as of December 31, 2025 (stated). 4,800 of 19,300 associates work outside the U.S. (stated), so 14,500 are in the United States.

The filing: “As of December 31, 2025, our global team was comprised of 19,300 associates, 4,800 of whom work outside the U.S.”

The workforce as industry patterns

What the filing says about the workforce: 16,400 in Vacation Ownership, 1,500 in Travel and Membership, 1,400 corporate; less than 1% of associates under collective bargaining agreements; 43% participate in a variable incentive pay program; 97% eligible for a retirement or pension plan.

Companies read with the same leading pattern

Other companies whose largest staffing pattern is also Traveler Accommodation, largest first, each read from its own annual report. Within reach now and at the end of 2028, long-run pace, four in five.

• Hilton Worldwide Holdings Inc. (HLT, 182,000 employees)16% now, 22% by 2028
• Marriott (MAR, 148,000 employees)18% now, 23% by 2028
• MGM Resorts International (MGM, 78,000 employees)16% now, 22% by 2028
• Caesars Entertainment, Inc. (CZR, 50,000 employees)17% now, 23% by 2028
• Hyatt Hotels Corporation (H, 50,000 employees)16% now, 22% by 2028
• Las Vegas Sands Corp. (LVS, 41,500 employees)16% now, 22% by 2028
• Wynn Resorts, Limited (WYNN, 28,500 employees)16% now, 22% by 2028
• PENN Entertainment, Inc. (PENN, 23,441 employees)17% now, 23% by 2028

What the filing says about AI

8 sentences in the filing name AI. The filing names AI in eight sentences, in its risk factors: AI technology among the methods of cyber intrusion, and its own increasing use of AI technologies in new initiatives to improve operations and cost structure, with the risks it lists of such systems failing to operate as designed.

• “Data breaches and other serious cyber incidents have increased globally, along with the sophistication of the methods and techniques of the intrusions and complexity of the attacks, including use of viruses, ransomware and other malicious software, phishing, deepfake technology, artificial intelligence ("AI") technology, and other ever-evolving efforts to discover and exploit any design flaws,...”
• “Our information technology infrastructure (including our, and our third-party service providers', information systems and legacy proprietary online reservation and management systems) has been and will likely continue to be vulnerable to system failures such as server malfunction or software or hardware failures, computer hacking, phishing attacks, user error, cyber-terrorism, loss of data, com...”
• “In addition, as we pursue new initiatives that are designed to improve our operations and cost structure, the expansion and implementation of new technologies and systems (including our increasing use, and the likely increasing use by our third-party service providers, of AI technologies carries significant potential risks, including failure to operate as designed, potential loss of or corrupti...”
• “Further, any changes to laws or regulations, including new restrictions or requirements applicable to our business, or an increase in enforcement of existing laws and regulations, such as restricting use or sharing of consumer data, including for marketing or advertising or limiting the use of, limiting our ability to provide certain consumer data to our customers, or otherwise regulating AI an...”
• “Our industry is marked by rapid technological developments and innovations (such as the use of AI and machine learning) and evolving industry standards.”

Its annual reports, year by year

Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector

• Fiscal 20210median 0
• Fiscal 20220median 0
• Fiscal 20235median 1
• Fiscal 20245median 4
• Fiscal 20258median 10

Headcount by filing year

As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.

Limits of this reading

• The Vacation Ownership count is split between resort operations and the timeshare sales force by description; the filing counts the segment as one group.

Source: the company's annual report on EDGAR, accession 0001361658-26-000009, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.