Cancellations in the fourth quarter had been elevated relative to 2019, as a result of travel restrictions, and Exchange gross bookings were down simply 3% for the quarter compared to the prior year. $ in millionsQ4 2020Q4 2019% changeFY 2020FY 2019% changeRevenue$512$801%$1,637$3,151%Adjusted EBITDA$115$222%$121$756%Margin22%28%7%24%Vacation Ownership income decreased 36% to $512 million within the fourth quarter. Gross VOI gross sales decreased 52% to $281 million with excursions 64% lower year-over-year. Fourth quarter adjusted EBITDA was $115 million, in comparability with $222 million within the prior year.
- An ultra-luxury One & Only lodge is being planned for the realm between Playa Hermosa and Playa Panama as well.
- Tao Group Hospitality is no stranger to hotels, delighting visitors with over-the-top nightlife and culinary experiences for years.
- These days, historic particulars are balanced with extra fashionable comforts, like a renovated spa with a hydrotherapy tub and four eating places that source their fruits and veggies