Financial PressureThere is concern around tour flow and an increase in provisions, indicating some financial pressure on the company.
Loan Loss ProvisionTNL's loan loss provision was slightly above estimates, but overall Gross VOI Sales were 3% higher than expected, indicating robust sales performance.
Loan PortfolioAn increased level of delinquency in the loan portfolio was noted, particularly among lower FICO bands, leading to a raised loan loss provision.