The firm generates a majority of its income from the Vacation Ownership enterprise segment. This research investigates the determinants of money holdings for companies working in the travel and leisure sector of the United Kingdom between 2005 and 2016. The examine finds that growth alternatives, cash circulate, and money move volatility affect money holdings positively, while size, leverage, liquidity, asset intangibility and dividend payments affect negatively. Companies operating within the airlines sub-sector hold more money, whereas companies within the hotels and restaurants and bars sub-sectors hold much less money than the reference sub-sector of travel and tourism. Except for the free cash circulate model, the trade-off and pecking order models…