TNL CEO on Timeshare Vacation Business, Focus on Share Buybacks

Mike Brown, President & CEO of Travel + Leisure (TNL), breaks down their 4Q earnings. He discusses the vacation ownership business and customer retention. He talks about how COVID changed the playing field. “Key to our story” is share buybacks, he adds, “we are very consistent returners of capital to our shareholders.” He notes that higher interest rates are a “modest headwind,” and another factor to watch is foreign exchange rates.

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