This City On Florida’s ‘forgotten Coast’ Has A 9-mile Waterfront Trail And Beautiful White-sand Seashores

$ in millionsQ4 2020Q4 2019% changeFY 2020FY 2019% changeRevenue$135$181%$528$898%Adjusted EBITDA$49$55%$191$289%Margin36%30%36%32%Travel and Membership income decreased 25% to $135 million and adjusted EBITDA decreased 11% to $49 million within the fourth quarter. The 600 basis point increase in adjusted EBITDA margin to 36% within the fourth quarter was primarily driven by price saving initiatives. Cancellations within the fourth quarter had been elevated relative to 2019, because of travel restrictions, and Exchange gross bookings have been down simply 3% for the quarter compared to the prior year.

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