Travel + Leisure Co. (NYSE:TNL) is one of the most undervalued travel stocks to buy according to hedge funds. On January 28, Cognizant announced the renewal of a multi-million-dollar strategic collaboration with Travel + Leisure Co. (NYSE:TNL), stating that the extended collaboration would focus on expediting the latter’s digital transformation through a modernization of its technological infrastructure. This would also include the employment of AI to offer improved experiences for its members and owners.
Management reported that the terms of agreement entail that Travel + Leisure Co.’s (NYSE:TNL) technology ecosystem would be optimized by Cognizant by employing its extensive hospitality domain expertise, aimed at improving digital service experiences for its travel club members and 800,000 owner families. Cognizant would support Travel + Leisure Co. (NYSE:TNL) throughout the term of the agreement, assisting with bolstering infrastructure scalability and reliability, modernizing the application landscape, and harnessing data- and AI-driven capabilities.
In another development, Travel + Leisure Co. (NYSE:TNL) announced on January 21 the celebration of the official opening of its new global headquarters in Downtown Orlando, attended by development partners, local leaders, and associates.
Travel + Leisure Co. (NYSE:TNL) offers vacation ownership, managed rental, and exchange services. The company owns exchange properties and vacation resorts, and its comprehensive cruise coverage enables users to get the best deals, the newest ships, and immersive itineraries on the high seas. Its offerings include Alaskan, All-Inclusive, Caribbean, Disney, European, Family, and River cruises.
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Disclosure: None. This article is originally published at Insider Monkey.
