Marriott Vacations Worldwide Corporation

I mean, we see it on our vacation ownership business, you know, typically about, you know, 25% plus or minus exchange into, you know, on the Marriott side, our Explorer program. And so that means they're taking a vacation outside the system of the vacation ownership resorts, right? So I think we'll get back to some of that normalization here as we go forward.

Thank you very much. Thank you. Our next question comes from the line of David Katz with Jefferies. Please proceed with your question.

Hi, good morning, everyone. Thanks for taking my question. How are you? Look, a little more of a thematic question, you know, having sat through a good portion of earnings season where we've seen mostly very good numbers and, you know, pretty good guidance also. But at the same time, still this looming slowdown or recession or however we'd like to characterize it that has yet to define itself. I'm just curious, how have you thought about that looming whatever it is in what you've talked about and given us today? Or are you just staying focused on calling it like you see it you know, so far.