Travel + Leisure Co. (NYSE: TNL), the world's leading membership and leisure travel company, announced it has forged a unique partnership with Hyundai Development Company (HDC) that will introduce Club Wyndham Asia, part of the world's largest vacation club, to property investors on Jeju island. Executives from both companies attended a signing ceremony in Seoul to mark the occasion earlier this month. 

As part of the deal - valued in excess of US$12 million - HDC has appointed a TNL subsidiary to manage the 5-star, 148-key Wyndham Grand Hamdeok beach resort that is expected to open in December 2026. The Wyndham Grand Hamdeok also will have 187 state-of-the-art residential units for sale. HDC purchased 1,200 Club Wyndham Asia memberships for the buyers of these apartments, giving them the ability to book accommodations in more than 200 unforgettable Club locations globally. They also will be able to convert their Club Wyndham Asia points into Wyndham Rewards points, to be redeemed at over 50,000 Wyndham hotels, vacation club resorts, and vacation rentals worldwide.

“South Korea has long established itself as the region's trendsetter in entertainment and fantastic holiday destinations, and it is fitting to launch our modern vacation and lifestyle club model with a forward-thinking partner like HDC,” said Barry Robinson, President and Managing Director International Operations, at Travel + Leisure Co. “Hotel developers naturally want to sell as many units as they can prior to any build. By including a vacation ownership membership with each sale, deals like these make it easier for our partners to do so, while giving early adopters a chance to not only stay at some stunning properties across our network, but to benefit from the added value and lifestyle benefits that only Club Wyndham Asia offers,” he continued.

ABOUT TRAVEL + LEISURE CO.

As the world's leading membership and leisure travel company, Travel + Leisure Co. (NYSE:TNL) transformed the way families vacation with the introduction of the most dynamic points-based vacation ownership program at Club Wyndham, and the first vacation exchange network, RCI. The company delivers more than six million vacations 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. With hospitality and responsible tourism at the heart of all we do, our 18,000+ dedicated associates bring out the best in people and places around the globe. We put the world on vacation. Learn more at travelandleisureco.com.

ABOUT CLUB WYNDHAM ASIA

Club Wyndham Asia is a new kind of vacation ownership and lifestyle club created by the world's most trusted name in travel that helps next-gen travelers inflation-proof their holidays, paying upfront today to stay in hundreds of hotels and resorts at unforgettable destinations all over the world until 2040. Then, when the Club's properties are sold, members are eligible to receive a share of the profits—something no other vacation club offers. Visit: clubwyndhamasia.com.

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Photo caption Left to right: Mr. LEE Seong-Ryong, CEO of HDC; David Wray, Senior Vice President Acquisitions, Property Development, Procurement and Technical Services, Club Wyndham; and Barry Robinson, President and Managing Director International Operations, Wyndham Destinations at Travel + Leisure Co.