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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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced that its Board of Directors increased its share repurchase authorization and declared a quarterly dividend. As of May 10, 2023, the Company had approximately $149 million of capacity to repurchase common stock remaining under its prior authorization. The Board of Directors increased this remaining authorization to an aggregate of $600 million (including the $149 million of remain.

Marriott Vacations Worldwide Corporation Announces Increased Share Repurchase Authorization and Quarterly Cash Dividend

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company") today announced that Executive Vice President and Chief Financial Officer Anthony “Tony” Terry has decided to retire later this year. The Company is conducting a search for his successor. Mr. Terry plans to stay on as CFO until the role has been filled and the transition period is complete later this year. “I want to thank Tony for his contributions over the last 27 years at the Company,” said J.

Marriott Vacations Worldwide Announces Planned Retirement of Chief Financial Officer

Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Neal Goldner - Vice President-Investor Relations John Geller - President & Chief Executive Officer Tony Terry - Executive Vice President & Chief Financial Officer Conference Call Participants Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank Brandt Montour - Barclays Shaun Kelley - Bank of America David Katz - Jefferies Ben Chaiken - Credit Suisse Operator Greetings and welcome to the Marriott Vacations Worldwide First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Marriott Vacations Worldwide Corporation (VAC) Q1 2023 Earnings Call Transcript

Marriott Vacations' (VAC) first-quarter 2023 results benefit from robust vacation ownership revenues.

Marriott Vacations (VAC) Q1 Earnings Beat Estimates, Stock Up

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.70 per share a year ago.

Marriott Vacations Worldwide (VAC) Q1 Earnings and Revenues Top Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported first quarter 2023 financial results. First Quarter 2023 Highlights Consolidated Vacation Ownership contract sales were $434 million, a 10% increase compared to the first quarter of 2022, and VPG was $4,358. Net income attributable to common shareholders was $87 million compared to $58 million in the prior year, and fully diluted earnings per share increased 67% to $2.06. Adjusted net i.

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

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands, is proud to announce it has been honored with 11 awards by the American Resort Development Association (ARDA), a nonprofit trade association that advocates for the timeshare industry.

Marriott Vacations Worldwide Recognized with Awards at ARDA Spring Conference 2023

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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of its first timeshare receivable securitization of 2023 (the “2023-1 Securitization”), offered pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended.

Marriott Vacations Worldwide Completes First Securitization of Vacation Ownership Loans in 2023

The rebranded portfolio brings together the signature vacation ownership brands Marriott Vacation Club®, Sheraton® Vacation Club, and Westin® Vacation Club under one name

Marriott Vacations Worldwide Introduces The Marriott Vacation Clubs™ Vacation Ownership Portfolio

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

Why Is Marriott (VAC) Down 14.6% Since Last Earnings Report?

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CPRI, FFNW and VAC have been added to the Zacks Rank #5 (Strong Sell) List on March 16, 2023.

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Marriott Vacations Worldwide Corp (NYSE:VAC ) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Neal Goldner - VP, IR John Geller - CEO, President & Director Anthony Terry - EVP & CFO Conference Call Participants Brandt Montour - Barclays Bank Benjamin Chaiken - Crédit Suisse Chris Woronka - Deutsche Bank Charles Scholes - Truist Securities Shaun Kelley - Bank of America Merrill Lynch Operator Greetings, and welcome to the Marriott Vacations Worldwide Fourth Quarter 2022 Earnings Call. [Operator Instructions].

Marriott Vacations Worldwide Corp (VAC) Q4 2022 Earnings Call Transcript

Marriott Vacations' (VAC) fourth-quarter 2022 results benefit from robust vacation ownership revenues.

Marriott Vacations' (VAC) Q4 Earnings Lag Estimates, Stock Down

Marriott (VAC) delivered earnings and revenue surprises of -3.86% and 3.24%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Marriott Vacations Worldwide (VAC) Q4 Earnings and Revenues Miss Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported financial results for the fourth quarter and full year 2022 and provided guidance for full year 2023. Fourth Quarter 2022 Highlights: Consolidated Vacation Ownership contract sales were $454 million, a 12% increase compared to the fourth quarter of 2021, and VPG was $4,088.

Marriott Vacations Worldwide (“MVW”) Reports Fourth Quarter and Full Year 2022 Financial Results and Provides 2023 Outlook

ORLANDO, Fla.--( BUSINESS WIRE )--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) today announced the promotion of Stephanie Sobeck Butera to the position of Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership (HVO). Ms. Butera has spent nearly 25 years in the industry developing, operating, and leading mid and upscale leisure products and customer service strategies. Over the course of her career with the Company, Ms. Butera has held leadership roles across sales operations, development, asset management, customer service, inventory management, and financial planning. As part of this appointment, Ms. Butera is now part of the Company's Executive Leadership Team and continues to report to John E. Geller, Jr., who recently assumed the position of President & Chief Executive Officer at MVW as of January 1, 2023, and Brian Miller, President of Vacation Ownership at MVW.

Marriott Vacations Worldwide Adds Stephanie Sobeck Butera to its Executive Leadership Team With Her Promotion to Executive Vice President & Chief Operating Officer of Hyatt Vacation Ownership

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Why Marriott Vacations Worldwide (VAC) is a Top Growth Stock for the Long-Term

ORLANDO, Fla.--( BUSINESS WIRE )--Marriott Vacations Worldwide (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally recognized travel brands, is partnering with the University of Central Florida (UCF) to support generations of hospitality students. Marriott Vacations Worldwide (MVW) has established The Stephen P. Weisz Endowed Scholarship for Hospitality Management, which will support students at the UCF Rosen College of Hospitality Management. The endowment is being made in honor of the chief executive officer's legacy and timed with his upcoming retirement at the end of 2022 following five decades of service and leadership to the company.

Marriott Vacations Worldwide Creates Endowed Scholarship to Support Future Generations of Leaders at University of Central Florida Rosen College of Hospitality Management

ORLANDO, Fla.--( BUSINESS WIRE )--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company,” “we,” “us” or “our”) announced today the pricing of the offering of $500 million in aggregate principal amount of 3.25% convertible senior notes due 2027 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the initial purchasers of the Notes (the “Initial Purchasers”) an option to purchase up to an additional $75 million aggregate principal amount of the Notes for settlement within a 13-day period beginning on, and including, the initial closing date. The offering of the Notes, and the convertible hedge and warrant transactions described below, are expected to close on December 8, 2022, subject to customary closing conditions.

Marriott Vacations Worldwide Announces Pricing of Convertible Senior Notes

ORLANDO, Fla.--( BUSINESS WIRE )--Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company,” “we” or “our”) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant to the initial purchasers of the Notes (the “Initial Purchasers”) an option to purchase up to an additional $75 million aggregate principal amount of the Notes for settlement within a 13-day period beginning on, and including, the initial closing date.

Marriott Vacations Worldwide Announces Offering of Convertible Senior Notes

Marriott Vacations (VAC) boosts shareholders' returns with a quarterly dividend hike of 16%. The company is optimistic about high occupancy rates and growth in development and rental businesses.

Marriott Vacations (VAC) Rewards Shareholders With Dividend Hike

ORLANDO, Fla.--( BUSINESS WIRE )--Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock, an increase of 16% over the Company's prior dividend.

Marriott Vacations Worldwide Corporation Announces Increased Quarterly Cash Dividend

Revenue of $3.15B in 2019 marked the end of a three-year revenue growth streak. The company shows a strong rebound post-Covid and a high potential of exceeding pre-Covid performance by Dec 2022.

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