Bloomberg Talks Travel + Leisure CEO Talks Earnings, Timeshare Business
Jul 28, 2025
Michael Brown, CEO of Travel + Leisure, shares insights on the impressive growth of the timeshare business despite challenges in the travel sector. He discusses how the unique prepaid vacation model attracts affluent consumers and maintains membership stability. Brown also navigates the impact of economic conditions on travel revenue and the company's innovative rebranding strategies. Additionally, he highlights the significance of currency fluctuations and international travel trends in shaping the company's financial future.
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Resilient Travel Demand
- Travel + Leisure experiences resilience and consistency in travel demand despite industry wobble.
- Consumers prepay vacations and stick to plans, sustaining steady bookings and usage.
Timeshare Value in Rising Prices
- Travel + Leisure's timeshare model is focused on prepaid vacations and shared ownership.
- Rising prices make ownership more valuable for families preserving vacation budgets.
Targeting Higher-End Consumers
- The company targets higher credit score consumers, averaging 746 FICO and near $120K income.
- Nearly 70% of new buyers are Gen X, Millennials, and Gen Z, showing strong appeal to higher-end travelers.