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Our mission: WE PUT THE WORLD ON VACATION slide image

Our mission: WE PUT THE WORLD ON VACATION

TRAVEL+ LEISURE PROVEN RESILIENT FAVORABLE BUSINESS MODEL MARKET DYNAMICS TIMESHARE REALITY VS. PERCEPTION EXPANDING PLATFORM STRONG MARGINS AND FCF ROBUST CAPITAL RETURNS Industry Transformation HISTORICAL TODAY Fragmented, regional developers Fixed week/fixed unit Real estate focused/capital intensive TRAVEL+ LEISURE M DISNEY Hilton HARRIOTT VACATION サ Vacation Club GRAND VACATIONS CLUB' Branded hospitality developers Flexibility Capital efficient Holiday Inn Club Vacations 17
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