Leisure Travel Vans

In February, we renamed our company Travel and Leisure and launched BookTandL.com, a web-based trip booking platform. The team has been working on the integration and transition of the enterprise and is planning to launch a new Travel and Leisure subscription membership this summer season. We are also developing licensing opportunities to allow travel and consumer product firms to leverage the Travel and Leisure model.

During March, we execute our first ABS term transaction of the 12 months. Tremendous demand permits outdoors the transaction to $500 million and still get ninety eight% advance fee and a 1.6% rate of interest, this coupon is the lowest we have ever achieved in over 20 years in the ABS market. As a results of the upsizing of this most recent transaction, we will doubtless execute just one more ABS transaction this yr. Travel and Membership net Travelling around the world transaction within the first quarter have been 513,000, up 28% compared to the identical period last 12 months, with transaction development clearly benefiting from pent up travel demand. RCI transaction in North America had been up 66% above the same period final yr, driven by demand for home areas, elevated bookings for near-term …