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Timeshare ABS issuers report ‘meaningful’ progress in earnings

Empty hotel corridor from Adobe 9Jul20 575x375

Timeshare ABS issuers have seen an accelerated recovery in their US business, as pent-up demand for travel translated into higher occupancy rates, according to second quarter earnings calls hosted by the companies this week. Timeshare loan performance has exceeded expectations, allowing those companies to reduce their provision for loan losses on their balance sheets.

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