Our mission: WE PUT THE WORLD ON VACATION
TRAVEL+
LEISURE
PROVEN
RESILIENT
BUSINESS MODEL
FAVORABLE
MARKET
DYNAMICS
TIMESHARE
REALITY VS.
PERCEPTION
EXPANDING
PLATFORM
STRONG
MARGINS
AND FCF
ROBUST
CAPITAL
RETURNS
Predictable and/or Recurring Revenue
($ in millions)
$3,567
Primarily New Vacation Owner Sales and
Travel Club transactions
Travel and Membership subscription revenue
Booking revenue from exchange members
$2.9B loan portfolio; Fixed interest rates
Management fees from 245+ resorts;
98% contract retention
25+ years of data proves owners
consistently upgrade
Other
$827
23%
Subscription Revenue
5%
$184
Exchange Transactions
10%
$348
Consumer Financing
12%
$406
Property Management
21%
$763
VOI Upgrade Sales
$1,039
29%
2022
>75% of
Revenue
in 2022
Predictable and/
or Recurring
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