Revenue from the sale of
vacation ownership products increased $ 5 million to $ 122 million in the second quarter, driven mainly by the $ 13 million increase in contract sales, partially offset by $ 9 million of unfavorable year - over-year revenue reportability.
Revenues from the sale of
vacation ownership products increased $ 12 million to $ 126 million in the first quarter, driven mainly by the $ 9 million increase in contract sales and $ 3 million of higher year - over-year revenue reportability.
Not exact matches
This
increase was driven by higher contract sales, higher revenue reportability year - over-year and lower cost of
vacation ownership products.
These
increases were partially offset by lower revenue from the sale of
vacation ownership products primarily due to revenue reportability and lower financing revenues from lower interest income on a declining notes receivable portfolio.
This
increase was driven by higher total company contract sales, higher revenue reportability year - over-year, lower cost of
vacation ownership products and lower marketing and sales expenses as a percentage of revenue.
Outlook For the full year 2012, the company is
increasing its adjusted free cash flow guidance to reflect the favorable terms of the notes receivable securitization, the impact of lower financing propensity which results in a higher percentage of cash sales as compared to financed sales of
vacation ownership products, as well as reduced real estate inventory needs.