One notable area of strength in the economy continues to be leisure travel, and the steps we've taken to expand our sales reach and adjust our promotions are enabling us to capitalize on this.

Feb 27, 2025 / receipt, needs a key / John Geller, CEO | earnings call 2025-02-27 | transcript 416f6a9d-4f08-40c6-aa1f-f8388528ce3a | chars 1877-2069 | segment 1

Consumers around the world are choosing to spend their discretionary dollars on travel, and we have strategies in place to capitalize on that, including adding new resorts in the U.S. and in Asia Pacific, along with new sales centers.

Feb 27, 2025 / receipt, needs a key / Mr. Geller, CEO | earnings call 2025-02-27 | transcript 416f6a9d-4f08-40c6-aa1f-f8388528ce3a | chars 28168-28402 | segment 29

And with a pipeline of 270,000 packages, international inbound travelers returning to the U.S., and reservations on the books for the summer months up a few points, we feel good about the balance of the year.

May 7, 2024 / receipt, needs a key / John, CEO | earnings call 2024-05-07 | transcript f84eec85-223a-4364-b7d7-2ca2c7c727e4 | chars 37468-37676 | segment 38

International inbound travel to the U.S. continues to recover and is expected to approach pre-pandemic levels this year.

May 7, 2024 / receipt, needs a key / John Geller, CEO | earnings call 2024-05-07 | transcript f84eec85-223a-4364-b7d7-2ca2c7c727e4 | chars 5028-5148 | segment 5

And, you know, Waikiki and Hawaii in general, you know, we are this year a little bit here since the Maui, not surprisingly. You're seeing some pick up in the other islands just because people have traded out of going to Maui maybe to go to some of the islands here in the fourth quarter. So we're excited about that launch. It's our first - sales center in Waikiki and obviously gives us a flag on the map in Waikiki, which we don't have. We're out in Ko'olina on Oahu there. So we're super excited for that property to open up and really believe long-term in the demand for people to travel to Hawaii overall.

Nov 2, 2023 / receipt, needs a key / John, CEO | earnings call 2023-11-02 | transcript fa890c2d-f2e6-4d1d-a4ee-7dab741c0a42 | chars 37809-38420 | segment 38

Well, I think that's a great question, but I think sequentially, right, we've kind of seen with the improvements in Abound, you know, like we talked about, VPG was up a couple points sequentially, right? You know, the Abound was up about 15%, Hyatt was up about 5%. I think the non-transitioned, if you will, sales centers were generally up 1%, 2%. You know, so, yeah, you know, It feels like it's kind of stabilized, clearly, versus last year, like we've talked about. We now realize how good last year was, you know, like we talked about from a VPG, but more importantly from a rental side, especially in a lot of our higher-end markets. We talked about this on the last call. Obviously, you have the Maui impact of the fires here in the third quarter, but even excluding that, what we've been seeing, and we thought we'd see some firming of that, you know, and it is, you know, stabilized, if you will, a bit from the second quarter is, you know, ADRs are down year over year in a lot of our markets in Hawaii and occupancy is off a couple points, right? Some of that in the higher end markets here in the U.S. as well. So still better than 19, tough comp to last year given, you know, some of the change in travel patterns. We do expect A lot of that U.S. higher-end traveler that went abroad will probably maybe stay in the U.S. this year in some of the higher-end markets. But that wasn't something we factored in in terms of as we thought about our rentals for the full year. So they're still,

Nov 2, 2023 / receipt, needs a key / John, CEO | earnings call 2023-11-02 | transcript fa890c2d-f2e6-4d1d-a4ee-7dab741c0a42 | chars 26863-28363 | segment 27

We are also seeing changes in travel patterns, with more Americans vacationing overseas this year, which has not been fully replaced by inbound international travelers. This shift negatively impacted sales and rentals in our higher end U.S. travel destinations like Hawaii.

Aug 3, 2023 / receipt, needs a key / John Geller, CEO | earnings call 2023-08-03 | transcript 71b504d9-6fc9-4adc-8f3f-203164cbc710 | chars 3430-3703 | segment 3

However, we benefited from the increase in international travel as our European and Asian contract sales grew 56 percent.

Aug 3, 2023 / receipt, needs a key / John Geller, CEO | earnings call 2023-08-03 | transcript 71b504d9-6fc9-4adc-8f3f-203164cbc710 | chars 3704-3825 | segment 3

You know, you've got more U.S. travelers going international, and we're seeing that impact. We have a lot of our keys, higher-end Hawaii, you know, those higher-end markets, you know, Florida Beach, you know, another area where we've been able to get higher ADRs, especially back in 22. And you're seeing, you know, three, four points of lower occupancy rates are down in some of those markets.

Aug 3, 2023 / receipt, needs a key / Tony, other | earnings call 2023-08-03 | transcript 71b504d9-6fc9-4adc-8f3f-203164cbc710 | chars 27376-27770 | segment 28

Unfortunately, these travel pattern shifts, and that's a little bit on the exchange side as well, where we haven't seen the deposits come back here through the first half of the year. We weren't forecasting for them to be back to pre-pandemic levels. We were expecting that they would improve year over year, and we just haven't seen that. And that gets, you know, at a broader, that's travel patterns, right? People still using their weeks a little bit different coming out of COVID. We're in a little bit of that, you know, environment coming out of COVID where, you know, the patterns have shifted a little bit, and we still expect those will continue to normalize, you know, back, you know, next year, I would expect, given the U.S. travelers going to Europe, there might be some pullback here to the U.S. as well.

Aug 3, 2023 / receipt, needs a key / Tony, other | earnings call 2023-08-03 | transcript 71b504d9-6fc9-4adc-8f3f-203164cbc710 | chars 28688-29506 | segment 29

Looking ahead, consumers are prioritizing spending on travel over other categories, and booking intentions for both domestic and international travel have remained strong. That's obviously good for our business.

May 4, 2023 / receipt, needs a key / John Geller, CEO | earnings call 2023-05-04 | transcript acd6594a-1cdb-44cb-b011-ea5b9c3a3253 | chars 9518-9729 | segment 9

As we look forward, despite... the uncertain economic outlook, I believe we're in a great position to continue to benefit from the growth and leisure travel in 2023 with our products in high demand and our investments in brands and digital initiatives supporting that growth.

Feb 23, 2023 / receipt, needs a key / John Geller, CEO | earnings call 2023-02-23 | transcript d5363244-d8ad-4e1b-ac39-a08889b51df2 | chars 18123-18398 | segment 18