Question · Q3 2025
Brad Heffer asked if the guidance for Canadian seasonal reservation pace (down 40%) assumes actual bookings will be down by that much, or if it accounts for delayed bookings. He also inquired about the read-through of Q4 seasonal/transient expectations into Q1.
Answer
Paul Seavey, EVP and CFO, clarified that the guidance assumes a 13.3% decline in combined seasonal and transient revenue, primarily due to lower Canadian reservations, detailing the financial impact. He stated that the reservation pace from Canadian customers for Q1 is currently similar to the pace observed for Q4.