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Marriott Vacations Worldwide Corp at Barclays Eat, Sleep, Play Conference Transcript
Okay. Great. Welcome back, everybody. Brandt Montour from Barclays here with Marriott Vacations Worldwide. We have John Geller, President and Chief Executive Officer; as well as Jason Marino, Chief Financial Officer, was not here last year. He has moved into the seat. Welcome and congratulations to Jason. So Happy to have you guys. Thanks for coming. Once we're going to start off really broad, before we get into the specifics on timeshare, maybe you could just give us a sort of a 2-minute overview of the company, the different business lines, and then we'll get into some of the trends.
Yes. So big picture, we've got 2 segments, if you will, Vacation Ownership, which is the sale, financing, management as well as rental business of our 120 vacation ownership resorts. That's about 85% of our EBITDA on a normalized basis. And then our Exchange and Third-Party, which is Interval International. And
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