Travel+Leisure Co (NYSE:TNL)
$ 53.59 0.3 (0.56%) Market Cap: 3.66 Bil Enterprise Value: 9.02 Bil PE Ratio: 9.10 PB Ratio: 0 GF Score: 84/100
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Wyndham Destinations Inc at Goldman Sachs Travel and Leisure Conference (Virtual) Transcript

Jun 01, 2020 / 02:35PM GMT
Release Date Price: $33.25 (+4.56%)
Stephen White Grambling
Goldman Sachs Group, Inc., Research Division - Equity Analyst

Good morning. This is Stephen Grambling from Goldman Sachs for those who just joined our travel and leisure conference.

Next in the agenda, we shift our focus to timeshare, which arguably should be among the first to see a recovery following lockdown as a prepaid predominantly drive-to vacation provider. And who better to discuss the industry than the management of Wyndham Destinations, the world's largest timeshare and exchange business, which includes Mike Brown, President and CEO; and Mike Hug, EVP and CFO. Thanks, gentlemen, for joining us today.

Michael D. Brown
Wyndham Destinations, Inc. - CEO, President & Director

Good to be here. Thanks for having us.

Questions & Answers

Stephen White Grambling
Goldman Sachs Group, Inc., Research Division - Equity Analyst

To start, let's take my comment on being drive-to but zoom out a bit. Can you walk us through the longer-term drivers of the timeshare industry

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