Risk Factors Update Summary
- Efforts to establish new travel clubs and add brands increase risks and uncertainties.
- Membership volumes dropped significantly during the pandemic, impacting exchange networks and revenue.
- Travel club businesses have not grown as quickly as anticipated, impacting revenues.
- Loss of affiliation agreements with developers may have a greater adverse effect.
- Expansion into the leisure travel industry poses challenges in achieving expected revenues and profitability.
- Developers creating internal exchange networks reduce resort availability for external exchanges.
- Failure to maintain integrity of proprietary information could lead to breaches and cyber-attacks.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1361658&owner=exclude
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