We do have nearing 10% that's in the Asia Pacific region. So, when you look at both sales and bookings, we're not seeing any impact as it relates to the international travel impact.
Apr 23, 2025 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2025-04-23 | transcript 04985188-13e3-4827-814a-04b66380fd61 | chars 27074-27255 | segment 27
Revenue in our travel and membership segment was $180 million, down 7%. and adjusted EBITDA of $68 million for this segment was down 9%, driven by a 13% decline in exchange transactions. While Travel Club transactions were up year-over-year, the growth in these transactions are not yet sufficient to cover the drop in exchange propensity.
Apr 23, 2025 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2025-04-23 | transcript 04985188-13e3-4827-814a-04b66380fd61 | chars 9304-9643 | segment 9
The other thing I'd point out about Q4, similar to Q1, is it's our second heaviest owner travel quarter. When you look at the summer months being the heaviest new owner travels as a percentage.
Apr 23, 2025 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2025-04-23 | transcript 04985188-13e3-4827-814a-04b66380fd61 | chars 25751-25944 | segment 26
As we shared, we launched a travel club business. And although it can't offset the exchange reductions, we are seeing growth in that space. We mentioned there will be an acceleration.
Apr 23, 2025 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2025-04-23 | transcript 04985188-13e3-4827-814a-04b66380fd61 | chars 30882-31065 | segment 31
Overall, we expect adjusted EBITDA to be in the range of $245 to $260 million, with travel and membership to be in the range of $60 to $65 million. Gross VOI sales in the third quarter are expected to be in the range of $580 to $600 million, with VPG in the range of $3,000 to $3,100.
Jul 26, 2023 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2023-07-26 | transcript fd4d1d20-369e-4b03-90ec-8d0ac5cb3de6 | chars 9452-9736 | segment 9
The very short answer is yes. When we moved our FICO band marketing qualifications up to 640, The people that we previously marketed to that were below that FICO ban definitely did not stop vacationing. And what we ended up doing, Chris, once we made that shift coming out of COVID, we spent some months and really developed a short-term product. And we've launched that short-term product and are in the process of testing it in a number of different markets. We've already opened it in two of our bigger markets. It is completely a complementary or incremental opportunity for us for exactly the nature of your question, which is to grow new members. The reception to that has been fantastic at, well, in most cases above what we expected from an acceptance. We want to see it play out over six months to 12 months on travel patterns, how they use it, what they like and don't like, which is why we've chosen to roll it out in some of our bigger markets. We haven't spoken about it yet simply because we want a little more traction and know how we'll ultimately land on a final short-term product. But what we rolled out on the East Coast first was well-received by consumers and We've since taken it to a second market at the beginning of October. It's already being received there as well, so very encouraging for us. And if the success continues, that will ultimately end up into a national program and be a very nice either feeder to our eventual timeshare product or simply a great product whi
Oct 27, 2022 / receipt, needs a key / Mike Hugg, other | earnings call 2022-10-27 | transcript b6558937-526c-4ce3-9f56-a7613e63d7b2 | chars 39638-41138 | segment 40
The largest improvements were North American exchanges and our non-exchange business lines, which were fueled by the strong domestic travel recovery we are seeing in the U.S.
Jul 28, 2021 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2021-07-28 | transcript 5b5b40d4-eeaa-4b7d-95e2-ea8a29ffa373 | chars 10176-10350 | segment 10
Travel and membership second quarter adjusted EBITDA was $75 million, an increase of 114% compared to last year's $35 million. Travel and membership net transactions in the second quarter were $524,000, four and a half times higher than the same period last year with growth in all geographies.
Jul 28, 2021 / CFO / receipt, needs a key / Mike Hugg, CFO | earnings call 2021-07-28 | transcript 5b5b40d4-eeaa-4b7d-95e2-ea8a29ffa373 | chars 9881-10175 | segment 10