Travel + Leisure
Michael Brown, CEO at Travel + Leisure Company says their customers are showing consistent interest in vacation ownership! Here are his comments on LinkedIn:
“Last week, Mike Hug and I had the privilege of speaking with Brandt Montour, CFA at the Barclay’s Eat, Sleep, Play Conference in New York City. It was a great opportunity to discuss the strength of Travel + Leisure Co. and the #leisuretravel industry itself.
While the broader macro environment is creating headwinds for some industries, the vacation ownership industry is enjoying notable strength.
The “work from anywhere” trend provides people with more flexibility than they ever had before, and so our customers are spending more time in our resorts. The average length of stay is up 8%.
Our customers are seeing tremendous value in vacation ownership, viewing it as a hedge against inflation since they don’t have to battle rising hotel room rates.
And their desire to #vacation is showing consistent strength as our forward bookings are solid into Q1 of the coming year.
I am proud of the entire Travel + Leisure Co. team, which is creating amazing experiences for our customers.
You can listen to the full remarks about the favorable economics of our industry and the strong outlook for our business here: https://lnkd.in/dDfna2wY
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