Step 1: Understanding the Concept:
For hyperbola $\frac{x^2}{a^2} - \frac{y^2}{b^2} = 1$, foci are $(\pm ae, 0)$.
Step 2: Detailed Explanation:
For any point $P(x,y)$ on hyperbola, $|PF_1 - PF_2| = 2a$, which is the length of the transverse axis.
Step 3: Final Answer:
The difference of focal distances equals the length of the transverse axis.