At the same time, we're carefully monitoring the impact of the conflict in the Middle East and the potential broader effects on the leisure travel landscape. But our business model carries several advantages that should help us to navigate the environment. Our members have prepaid their vacations for the year making them less sensitive to travel costs, and new buyers are attracted by the value proposition of our marketing package offerings.

Apr 30, 2026 / receipt, needs a key / Mark Wang, CEO | earnings call 2026-04-30 | transcript 8d4aadcb-997e-4c0f-86f6-262474623e14 | chars 4526-4970 | segment 4

As we look forward to the year ahead, we continue to see a stable consumer environment overall, one where travel remains a top priority within consumer discretionary spending.

Feb 26, 2026 / receipt, needs a key / Mark Wayne, CEO | earnings call 2026-02-26 | transcript 61a34ab8-4003-4ad1-bf2b-b49524ba9e3a | chars 5100-5275 | segment 5

We're continuing to see solid demand for leisure travel, despite some of the noise out there. And we expect good tour flow. growth next year, resulting from the investments we made during the year, which is going to be the primary driver for contract sales growth next year.

Oct 30, 2025 / receipt, needs a key / Dan, CFO | earnings call 2025-10-30 | transcript a8cc789f-b0d0-493c-bfdb-9ecf85a40500 | chars 21759-22033 | segment 21

The consumer environment has remained stable overall and travel demand continues to be healthy when looking at forward indicators and member surveys.

Oct 30, 2025 / receipt, needs a key / Mark Wang, CEO | earnings call 2025-10-30 | transcript a8cc789f-b0d0-493c-bfdb-9ecf85a40500 | chars 3758-3907 | segment 3

Certainly, you know, I follow a lot of travel and leisure companies, and we don't see much of anything growing 15% at the moment.

Oct 30, 2025 / receipt, needs a key / Ben Chaiken, other | earnings call 2025-10-30 | transcript a8cc789f-b0d0-493c-bfdb-9ecf85a40500 | chars 23761-23890 | segment 23

When you think about the cost, when we oversold our budget on package sales, just to remind everybody, those guests typically don't travel until six to 18 months out, but we take the majority of the expense in the quarter. So, it did put some pressure on flow through, but we're not going to not create the demand when it's there. And I think that's another good indicator out there. When you think about the consumer, that we sold 200,000 packages in what some may recall a bit more uncertain time. But, you know, for us, we're seeing a lot of activity and the teams continue to do a great job.

Jul 31, 2025 / receipt, needs a key / Mark Wang, CEO | earnings call 2025-07-31 | transcript 6d5a5d7e-121f-42f8-97b1-6d763f3a2041 | chars 29685-30280 | segment 29

You know, I'd have to say we haven't seen any. Our package pipeline, which I think is a great indicator, and I actually think our package value proposition, because you remember the way our model works, we are subsidizing these guests to come visit our properties and go through a sales presentation. In this environment, this value proposition even stands out even greater, especially in a high rate environment. I would say we continue to see really strong execution there. In fact, our dated packages And dated means those that have agreed to a date and are planning to travel actually went up 22% from Q4 to Q1.

May 1, 2025 / receipt, needs a key / Mark Wang, CEO | earnings call 2025-05-01 | transcript e0f73a97-df00-4b00-be1d-47a2870dd00d | chars 38691-39306 | segment 38

From a rental perspective, Your booking window is around 40 days. For an owner, it's 177 days. At least this year, it's 177 days. Last year, it was 178 days. So it's come down one day. So no material change at all. For marketing, it's 95 days out, right? So we have a distinct advantage of understanding who is going to be arriving at our properties well before your traditional leisure travel that's booked on Hilton.com or through an OTA, which typically averages 40 days.

May 1, 2025 / receipt, needs a key / Dan, other | earnings call 2025-05-01 | transcript e0f73a97-df00-4b00-be1d-47a2870dd00d | chars 22938-23412 | segment 22

So geographically, we've added places like Savannah and Virginia Beach and Sedona and Scottsdale and Palm Desert and Lake Tahoe. We have completely changed the dynamics of the value proposition from an ability to travel to different locations. So, excited about that.

Feb 27, 2025 / receipt, needs a key / Mark Wang, CEO | earnings call 2025-02-27 | transcript 99b4bb25-48cf-4f61-85c2-ab901cd2c480 | chars 45364-45631 | segment 45

And as a result, we continue to be optimistic about the leisure travel environment.

Feb 27, 2025 / receipt, needs a key / Mark Wang, CEO | earnings call 2025-02-27 | transcript 99b4bb25-48cf-4f61-85c2-ab901cd2c480 | chars 7957-8040 | segment 8

I'm also excited to announce that we acquired a property in Kyoto, which we'll be converting to become our third property within Japan. If you recall, We were the first international timeshare company to introduce its brand in Japan. And our Sissoko property has been so successful that we're rapidly approaching sellout ahead of schedule. As a leading destination in Japan with 75 million visitors a year, comparable to Orlando, we know Kyoto is popular with the Japanese, and we believe the property will be very well received. We expect to start selling the project in the middle of next year, and we think it's another great example of our ability to leverage our broad geographic reach, including 12 sales centers in Japan, to attract significant numbers of Japanese travelers who prefer domestic stays.

Nov 7, 2024 / receipt, needs a key / Mark Wang, CEO | earnings call 2024-11-07 | transcript d184d403-ef22-4af4-99b5-e3e9b000769e | chars 11687-12495 | segment 12

You know, Hawaii has been impacted by a couple things. We're still waiting for the Japanese FIT traveler to come back. And at this point, it's really back at about 50%. The good news is our Japanese owners are back at almost 90% level, so we've seen a good recovery there. We also had to deal with a strike, and I think it's pretty well known there was a pretty - extended strike that occurred at the Hilton Hawaiian Village. The good news is that was settled earlier this week, and team members came back to work, but our teams did a great job. We had marketing reps cleaning rooms. We had salespeople handling baggage for people. So the teams did a great job chipping in, providing as good an experience as we could, but it did create some disruption. But that's behind us now.

Nov 7, 2024 / receipt, needs a key / Mark, CEO | earnings call 2024-11-07 | transcript d184d403-ef22-4af4-99b5-e3e9b000769e | chars 31831-32610 | segment 32

55-65% adjusted FCF conversion

ir_statement / Sep 16, 2026 / receipt

Realize cost synergies from recent acquisitions

ir_statement / Sep 16, 2026 / receipt

Reduce long-term inventory spending, with increased rate of inventory recapture

ir_statement / Sep 16, 2026 / receipt

Updated 2026 Guidance

ir_statement / Sep 15, 2026 / receipt

2026 Guidance updated to include an incremental $40M of Adjusted EBITDA

ir_statement / Sep 15, 2026 / receipt