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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MIAMI, Feb. 25, 2022 /PRNewswire/ -- Interval International, a leading worldwide provider of vacation services, and GRUPE SAB. de C.V., the holding company for Grupo El Cid Resorts, today announced a new affiliation agreement.

GRUPO EL CID RESORTS AND INTERVAL INTERNATIONAL ANNOUNCE MULTI-SITE AFFILIATION TO OFFER EL CID VACATIONS CLUB OWNERS MORE VALUE AND FLEXIBILITY

ORLANDO, Fla., Feb. 24, 2022 /PRNewswire/ -- Marriott Vacations Worldwide (NYSE: VAC) is partnering with Make-A-Wish as the newest national sponsor to help grant life-changing wishes for children with critical illnesses.

Marriott Vacations Worldwide becomes national Make-A-Wish sponsor to give wish families special vacation experiences

ORLANDO, Fla., Feb. 23, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") reported financial results for the fourth quarter and full year 2021 and provided guidance for full year 2022.

Marriott Vacations Worldwide ("MVW") Reports Fourth Quarter and Full Year 2021 Financial Results and Provides 2022 Outlook

ORLANDO, Fla., Feb. 22, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board of directors authorized a quarterly cash dividend of $0.62 per share of common stock, an increase of 15% over the company's prior dividend.

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

MIAMI, Feb. 2, 2022 /PRNewswire/ -- Interval International, a leading worldwide provider of vacation services, welcomes eight upper-upscale Welk Resorts properties in several highly sought-after vacation destinations – California, Colorado, Missouri, and Cabo San Lucas, Mexico. More than 39,000 Welk Owners have become Interval International members with access to several exciting travel and leisure benefits, including the ability to exchange their vacation points for stays at resorts in Interval's network of more than 3,200 affiliated properties around the globe.

INTERVAL INTERNATIONAL WELCOMES WELK RESORTS TO ITS GLOBAL NETWORK

ORLANDO, Fla., Jan. 24, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW") is reporting contract sales for fourth quarter 2021 in conjunction with its participation at the Jefferies Virtual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit today.

Marriott Vacations Worldwide Reports Contract Sales for Fourth Quarter 2021

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MIAMI, Dec. 6, 2021 /PRNewswire/ -- Disney Vacation Development, Inc. - the developer of Disney's vacation ownership program, Disney Vacation Club - and Interval International, a leading provider of vacation services, have signed an agreement to affiliate 15 Disney Vacation Club resorts in Florida, California, Hawai'i, and South Carolina. The agreement reinstates a relationship that was first established in 1995.

Disney Vacation Club And Interval International Announce New Affiliation Agreement

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Airline, Cruise, Resort Stocks Tank Big On Covid-19 Variant News

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ORLANDO, Fla., Nov. 18, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company") announced today the completion of its second timeshare receivable securitization of 2021, 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 Second Securitization of Vacation Ownership Loans in 2021

ORLANDO, Fla., Nov. 17, 2021 /PRNewswire/ -- Marriott Vacations Worldwide  (NYSE: VAC) has been recognized as a 2021 Best Employer in seven countries by Kincentric including Aruba, France, Indonesia, Ireland, Mexico, the United Kingdom, and the United States.

Marriott Vacations Worldwide Named Kincentric Best Employer

The vacation business is recovering, and that's expected to continue in the fourth quarter, Marriott Vacations Worldwide (MVW) reported Monday (Nov. 8) when announcing third quarter 2021 financial results.  “Occupancies at our resorts this quarter were very strong despite the Delta variant, and contract sales were within 3% of 2019 levels, driving 25% sequential growth in […]

Marriott Vacations Worldwide Reports Vacation Business Is Recovering

ORLANDO, Fla., November 8, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported third quarter 2021 financial results.

Marriott Vacations Worldwide ("MVW") Reports Third Quarter 2021 Financial Results

ORLANDO, Fla., Nov. 4, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) announces the appointment of Jonice Gray Tucker to its board of directors effective November 2, 2021.

Marriott Vacations Worldwide Appoints Jonice Gray Tucker to Board of Directors

ORLANDO, Fla., Oct. 13, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) announces the promotion of Anthony "Tony" Terry to the position of executive vice president and chief financial officer effective October 16.

Marriott Vacations Worldwide Adds to its Executive Leadership Team and Announces the Promotion of Anthony "Tony" Terry to the position of chief financial officer

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ORLANDO, Fla., Sept. 13, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW") is updating its outlook for its third quarter 2021 results in conjunction with its participation at the J.P.

Marriott Vacations Worldwide Provides Updated Outlook for Third Quarter 2021

ORLANDO, Fla., Sept. 1, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) announced today that Stephen P.

Marriott Vacations Worldwide Corporation to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

ORLANDO, Fla., July 28, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported second quarter 2021 financial results.

Marriott Vacations Worldwide ("MVW") Reports Second Quarter 2021 Financial Results

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ORLANDO, Fla., June 23, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) is updating its outlook for its second quarter 2021 results in conjunction with its participation at the Jefferies Virtual Consumer Conference today.

Marriott Vacations Worldwide Corporation Provides Updated Outlook for Second Quarter 2021

ORLANDO, Fla., June 10, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) announced today that Stephen P.

Marriott Vacations Worldwide Corporation to Present at the Jefferies Virtual Consumer Conference

ORLANDO, Fla., June 7, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW," "we," "us" or "our") today announced that its wholly owned subsidiary, Marriott Ownership Resorts, Inc. (the "Issuer"), priced an offering of $500 million aggregate principal amount of its 4.500% Senior Notes due 2029 (the "Notes") in a private placement.

Marriott Vacations Worldwide Announces Pricing of $500 Million of 4.500% Senior Notes

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