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.

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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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Bear of the Day: Marriott Vacations (VAC)

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announces today a new organizational structure aimed at driving long-term, sustainable growth across its vacation ownership business, exchange and third-party management segment and future travel-related products and services. With the previously announced 2024 retirement of Jeanette Marbert, President, Exchange and Third-Party Management, two executive roles have been created as part o.

Marriott Vacations Worldwide Announces New Executive Roles to Support Future Growth

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the appointment of Mary E. Galligan to its Board of Directors effective January 1, 2024. Ms. Galligan joins the MVW Board following a 35-year career in technology and cybersecurity, government relations and risk management. Ms. Galligan has extensive experience in navigating high profile, multifaceted crises and cyber incidents. Ms. Galligan's career began when she start.

Marriott Vacations Worldwide Appoints Mary E. Galligan to Board of Directors

Marriott Vacations (VAC) announces a 5% increase in its quarterly cash dividend.

Marriott Vacations (VAC) Cheers Investors With 5% Dividend Hike

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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) announced today that John Geller, President and Chief Executive Officer, and Jason Marino, Executive Vice President and Chief Financial Officer, will host a fireside chat session at the Barclays Eat, Sleep, Play Conference on November 28, 2023 at 10:15 a.m. ET. A live webcast will be available in the Investor Relations section of the company's website at ir.mvwc.com. The webcast will also be available on the co.

Marriott Vacations Worldwide Corporation to Present at the Barclays Eat, Sleep, Play Conference

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $450 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 2023-2 LLC (the “Issuer”). The notes have a blended interest rate of 6.49%.

Marriott Vacations Worldwide Completes $450 Million Term Securitization

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Marriott Vacations' (VAC) Q3 performance is hurt by the decline in VPG and tours and the impact of the Maui wildfires.

Marriott Vacations (VAC) Q3 Earnings Lag Estimates, Stock Down

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 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Marriott Vacations Worldwide (VAC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) reported third quarter 2023 financial results. Third Quarter 2023 Highlights Consolidated Vacation Ownership contract sales were $438 million and volume per guest (“VPG”) increased $87 sequentially from the second quarter, or 2%, to $4,055. The Company estimates the Maui wildfires negatively impacted contract sales by $28 million and VPG by approximately $66, or 2%, in the quarter. Net.

Marriott Vacations Worldwide Reports Third Quarter 2023 Financial Results

Marriott Vacations' (VAC) Q3 performance will likely reflect lower contract sales and Volumes Per Guest.

Marriott Vacations (VAC) to Post Q3 Earnings: What's in Store?

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) Q3 Earnings Expected to Decline

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Marriott Vacations' (VAC) performance is hurt by dismal contract sales due to a notable decline in VPG, especially in legacy-Vistana sites.

Marriott Vacations (VAC) Falls 25% in 6 Months: What Ails It?

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Marriott Vacations Worldwide (VAC) reported earnings 30 days ago. What's next for the stock?

Why Is Marriott Vacations Worldwide (VAC) Down 2.5% Since Last Earnings Report?

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) provided an update today on the anticipated business impact of the Maui wildfires on its operations and financial results. The Company operates four vacation ownership resorts and sales centers in West Maui representing more than 10% of its annual contract sales. In addition, its Aqua-Aston Hospitality property management business manages five properties in West Maui. “Hawaii is a very.

Marriott Vacations Worldwide Provides Update on Impact of Maui Wildfires

Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q2 2023 Earnings Call Transcript August 3, 2023 8:30 AM ET Company Participants Neal Goldner - Vice President-Investor Relations John Geller - President & Chief Executive Officer Anthony Terry - Executive Vice President & Chief Financial Officer Conference Call Participants Chris Woronka - Deutsche Bank Brandt Montour - Barclays David Katz - Jefferies Patrick Scholes - Truist Securities Operator Greetings, and welcome to the Marriott Vacations Worldwide Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Marriott Vacations Worldwide Corporation (VAC) Q2 2023 Earnings Call Transcript

Marriott Vacations' (VAC) second-quarter performance is hurt by the continued transition to the Abound by Marriott Vacations program and the integration of Hyatt and legacy-Welk businesses.

Marriott Vacations (VAC) Q2 Earnings Lag Estimates, Stock Down

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $2.19 per share, missing the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.87 per share a year ago.

Marriott Vacations Worldwide (VAC) Lags Q2 Earnings and Revenue Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported second quarter 2023 financial results. Second Quarter 2023 Highlights Consolidated Vacation Ownership contract sales were $453 million, a 10% decrease compared to the second quarter of 2022, and VPG was $3,968. Net income attributable to common shareholders was $90 million compared to $136 million in the prior year, and fully diluted earnings per share decreased 27% to $2.17. Adjusted n.

Marriott Vacations Worldwide (“MVW”) Reports Second Quarter 2023 Financial Results

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) today announced Jason Marino has been named Executive Vice President and Chief Financial Officer effective September 30. He will succeed Anthony “Tony” Terry, who announced his intent to retire from the Company earlier this year. With nearly 10 years at the Company, Mr. Marino currently serves as Senior Vice President, Strategy, Financial Planning & Analysis and Operational Finance – Vacatio.

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