Marriott Vacations Worldwide

Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands. The Exchange and Third-Party Management segment consists of exchange networks and membership programs, as well as the management of resorts and lodging properties. The company was founded in 1984 and is headquartered in Orlando, FL.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Marriott Vacations Worldwide excels in Q4 2022, eyes growth opportunities

Marriott Vacations Worldwide's Q4 2022 showcased robust performance, strategic investments, and positive outlook for 2023. Challenges include maintaining VPGs and adapting to changing lead times for tour packages. Opportunities lie in driving tour growth from owners and capitalizing on strong leisure travel demand.

Marriott Vacations Worldwide reports robust Q1 performance amidst travel optimism

Marriott Vacations Worldwide delivered a strong Q1 performance with growth in key metrics and a steady cash flow guidance.
Despite challenges like rental declines and potential VPG decreases, the company remains optimistic about its future.
Opportunities lie in digital optimization, expanding tour packages, and leveraging consumer travel spending trends for growth.
Overall, the company's strong on-site sales presence, strategic initiatives, and positive consumer travel intentions position it well for future success.

Marriott Vacations Worldwide faces Q2 challenges but eyes growth opportunities

Marriott Vacations Worldwide navigated challenges in Q2 but remains optimistic about its long-term trajectory, emphasizing brand strength and strategic decisions for growth.
Despite lower VPGs and tours, the company saw growth in international contract sales and plans to rebrand Legacy Welk Resorts to Hyatt Vacation Club.
Addressing concerns about sales reserves and defaults, the company aims for gradual financial improvement and anticipates returning excess cash to shareholders.
The transition to the Abound program and delayed launch of Sheraton Flex side present opportunities for enhanced customer experiences and smoother transitions.

Marriott Vacations Worldwide overcomes challenges, eyes growth opportunities ahead

Marriott Vacations Worldwide navigated challenges from Maui wildfires and a loan loss charge, impacting financial performance.
Despite initial setbacks, the company showed resilience with rebounding VPGs and strong international business growth.
Efforts to drive utilization of the Abound program among legacy Vistana owners are ongoing, with positive liquidity and occupancy trends.
Guidance for 2024 includes a focus on revenue and contract sales growth, alongside investments in digital technologies for long-term sustainability.

Marriott Vacations Worldwide reports strong growth amidst operational challenges

Marriott Vacations Worldwide delivered strong financial performance with growth in contract sales and international business.
The company faces challenges in accelerating tour growth and managing increased G&A costs impacting profitability.
Opportunities lie in leveraging IT investments for operational efficiencies and driving growth through targeted marketing efforts.
Guidance for 2024 indicates expectations for increased adjusted EBITDA and cash flow, supported by strategic initiatives.

Marriott Vacations Worldwide reports growth in sales amidst challenges

Marriott Vacations Worldwide reported growth in contract sales and first-time buyer tours, but faced declines in adjusted EBITDA. Strong reservations for new resorts and international expansion opportunities highlight positive demand trends.
Challenges include concerns about elevated price levels impacting consumer spending and the need for improvement in loan performance. Opportunities lie in the consumer shift towards experiences, international expansion, and enhancing customer experience through IT transformation.
The company's performance reflects operational strength with high occupancy rates and positive indicators for the future. Strategic focus on quality tours, owner benefits, and portfolio expansion positions Marriott Vacations Worldwide for growth and revenue enhancement.
Despite challenges, the company's liquidity position and growth expectations in contract sales and rental business offer financial stability and growth prospects. Addressing challenges and capitalizing on opportunities will be key to driving future success and profitability.

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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) today announced that Scott Weisz has been promoted to Executive Vice President, Strategic Business Operations at the Company. As a member of the Company's Executive Committee, Weisz now reports directly to John Geller, President and Chief Executive Officer. In his role, Weisz will lead the enterprise's work to accelerate core and new product growth, as well as help drive additional operating eff.

Marriott Vacations Worldwide Names Scott Weisz to its Executive Leadership Team as Head of Strategic Business Operations

VAC's third-quarter 2024 results reflect the Vacation Ownership segment's outperformance and benefits from the recovery of Maui wildfires.

Marriott Vacations Q3 Earnings Beat, '24 Adjusted EBITDA View Rises

Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Neal Goldner - Vice President, Investor Relations John Geller - President and Chief Executive Officer Jason Marino - EVP and Chief Financial Officer Conference Call Participants Brandt Montour - Barclays Ben Chaiken - Mizuho Patrick Scholes - Truist Securities David Katz - Jefferies Operator Greetings, and welcome to the Marriott Vacations Worldwide Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Marriott Vacations Worldwide Corporation (VAC) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Marriott Vacations Worldwide (VAC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Marriott Vacations Worldwide (VAC) Q3 Earnings: A Look at Key Metrics

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.20 per share a year ago.

Marriott Vacations Worldwide (VAC) Q3 Earnings and Revenues Beat Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported third quarter 2024 financial results. Third Quarter 2024 Highlights Consolidated Vacation Ownership contract sales increased 5% compared to the third quarter of 2023 to $459 million. Net income attributable to common stockholders was $84 million and fully diluted earnings per share was $2.12. Adjusted net income attributable to common stockholders was $72 million a.

Marriott Vacations Worldwide Reports Third Quarter 2024 Financial Results

Marriott Vacations Worldwide (VAC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Marriott Vacations Worldwide (VAC) Earnings Expected to Grow: Should You Buy?

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the third quarter 2024 after the market closes on Wednesday, November 6. A conference call will follow at 8:30 a.m. ET on Thursday, November 7, to discuss the Company's results. Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company.

Marriott Vacations Worldwide Corporation Announces Third Quarter Earnings Release and Conference Call

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $445 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2024-2 LLC (the “Issuer”). The notes have a blended interest rate of 4.52%.

Marriott Vacations Worldwide Completes $445 Million Term Securitization

MIAMI--(BUSINESS WIRE)--Interval International, a leading travel membership company, has welcomed six luxurious all-inclusive resorts within the Blue Diamond Resorts (BDR) portfolio to its global exchange network. With exquisite beachfront locations in Mexico and the Dominican Republic, Interval International members now have access to these unique properties. Resorts include Royalton CHIC Cancun, Royalton Splash Riviera Cancun, Royalton Riviera Cancun, Royalton CHIC Punta Cana, Royalton Bavaro.

Blue Diamond Resorts Joins Interval Exchange Network With Six World-Class All-Inclusive Properties

VAC's focus on strategic expansions and its proactive adjustments to sales promotions bode well. However, dismal contract sales are a concern.

Here's Why Investors Should Retain Marriott Vacations Stock Now

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock. The dividend is payable on or around October 3, 2024, to stockholders of record as of the close of business on September 19, 2024. About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rent.

Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend

Marriott Vacations Worldwide Corporation. (NYSE:VAC ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Neal Goldner - VP-IR John Geller - President and CEO Jason Marino - EVP and CFO Conference Call Participants Benjamin Chaiken - Mizuho David Katz - Jefferies Patrick Scholes - Truist Securities Brandt Montour - Barclays Chris Woronka - Deutsche Bank Shaun Kelley - Bank of America Operator Greetings, and welcome to the Marriott Vacations Worldwide Second Quarter 2024 Earnings Call.

Marriott Vacations Worldwide Corporation (VAC) Q2 2024 Earnings Call Transcript

Marriott Vacations' (VAC) second-quarter contract sales are hurt by lower VPGs and the impact of the Maui wildfires.

Marriott Vacations (VAC) Q2 Earnings & Revenues Lag Estimates

The headline numbers for Marriott Vacations Worldwide (VAC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Marriott Vacations Worldwide (VAC) Q2 Earnings: A Look at Key Metrics

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.19 per share a year ago.

Marriott Vacations Worldwide (VAC) Q2 Earnings and Revenues Lag Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported second quarter 2024 financial results. Second Quarter 2024 Highlights Consolidated Vacation Ownership contract sales declined 1% compared to the second quarter of 2023 to $449 million. Excluding Maui, contract sales increased 3% compared to the prior year. The Company recorded a $70 million increase to its sales reserve reflecting higher expected future defaults on.

Marriott Vacations Worldwide Reports Second Quarter 2024 Financial Results

Marriott Vacations Worldwide (VAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Marriott Vacations Worldwide (VAC) Q2 Earnings Expected to Decline

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the second quarter 2024 after the market closes on Wednesday, July 31. A conference call will follow at 8:30 a.m. ET on Thursday, August 1, to discuss the Company's results. Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company's w.

Marriott Vacations Worldwide Corporation Announces Second Quarter Earnings Release and Conference Call

Marriott Vacations (VAC) benefits from strength in packages, solid summer bookings and the Abound by Marriott Vacations program. However, increased expenses, Maui Wildfires and a fall in VPGs are headwinds.

Here's Why Investors Should Hold Marriott Vacations (VAC) for Now

ORLANDO, Fla.--(BUSINESS WIRE)---- $VAC--Marriott Vacations Worldwide's EVP and CFO Jason Marino to participate in fireside chat at the Morgan Stanley 2nd Annual Travel & Leisure Conference.

Marriott Vacations Worldwide to Participate at the Morgan Stanley Travel & Leisure Conference

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Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Neal Goldner - VP-IR John Geller - President and CEO Jason Marino - EVP and CFO Conference Call Participants Ben Chaiken - Mizuho Securities Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Ryan Lambert - JPMorgan Operator Greetings, and welcome to the Marriott Vacations Worldwide First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Marriott Vacations Worldwide Corporation (VAC) Q1 2024 Earnings Call Transcript

Marriott Vacations (VAC) first-quarter 2024 results benefit from robust Vacation Ownership revenues.

Marriott Vacations (VAC) Q1 Earnings & Revenues Top Estimates

Although the revenue and EPS for Marriott Vacations Worldwide (VAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Marriott Vacations Worldwide Stock (VAC)