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., 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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ORLANDO, Fla., June 7, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW," "we," "us" or "our") announced today that its wholly owned subsidiary, Marriott Ownership Resorts, Inc. (the "Issuer"), intends to offer, subject to market and other conditions, $450.0 million aggregate principal amount of senior notes due 2029 (the "Notes").

Marriott Vacations Worldwide Announces Offering of Senior Notes

ORLANDO, Fla., May 20, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company")  announced today the completion of its first 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 Securitization of Vacation Ownership Loans

ORLANDO, Fla., May 5, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported first quarter 2021 financial results.

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

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ORLANDO, Fla., April 1, 2021 /PRNewswire/ -- Marriott Vacations Worldwide (NYSE: VAC) ("MVW" or the "Company") announced today that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock.

Marriott Vacations Worldwide Completes Acquisition of Welk Resorts

ORLANDO, Fla., Feb. 24, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported fourth quarter and full year 2020 financial results. "The recovery we have seen in our business continued into the fourth quarter, with occupancy and exchange transactions...

Marriott Vacations Worldwide ("MVW") Reports Fourth Quarter and Full Year 2020 Financial Results

Marriott Vacations (VAC) fourth-quarter 2020 top-line is likely to reflect sequential improvements in occupancy rates owing to hotel reopening's and easing of travel restrictions.

What's in Store for Mariott Vacations (VAC) in Q4 Earnings?

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SAN MARCOS, Calif., Jan. 26, 2021 /PRNewswire/ -- Welk Hospitality Group has entered into an agreement with Marriott Vacations Worldwide Corporation ("MVW") (NYSE: VAC) to sell the Welk Resorts portfolio of vacation resorts, programs and property management contracts for approximately...

Family-Owned Welk Resorts Announces Pending Acquisition by Marriott Vacations Worldwide (MVW)

ORLANDO, Fla., Jan. 26, 2021 /PRNewswire/ -- Marriott Vacations Worldwide (NYSE: VAC) ("MVW" or the "Company") announced today that it has entered into a definitive agreement to acquire Welk Resorts ("Welk"), one of the largest independent timeshare companies in North America, for...

Marriott Vacations Worldwide Announces Agreement to Acquire Welk Resorts For Approximately $430 Million

Marriot Vacations (VAC) strengthens vacation ownership business with the opening of Los Suenos resort in Costa Rica.

Marriot Vacations (VAC) Expands in Central America, Opens Resort

ORLANDO, Fla., Jan. 15, 2021 /PRNewswire/ -- The Central Florida Hotel & Lodging Association (CFHLA) recently recognized Stephen P. Weisz, chief executive officer of Marriott Vacations Worldwide Corporation (NYSE: VAC), as the association's 2020 Charles Andrews Memorial Hospitality Award...

Stephen P. Weisz, CEO of Marriott Vacations Worldwide, Honored with Charles Andrews Memorial Hospitality Award for Community Leadership

ORLANDO, Fla., Jan. 4, 2021 /PRNewswire/ -- Today, Marriott Vacations Worldwide Corporation (NYSE:VAC) is pleased to announce the promotion of John E. Geller, Jr. to the position of president of Marriott Vacations Worldwide, along with the continuation of his current role as chief...

Marriott Vacations Worldwide Announces the Promotion of John E. Geller, Jr. to President

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ORLANDO, Fla., Nov. 30, 2020 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) announced Lori Gustafson as the company's new executive vice president and chief brand and digital strategy officer. Ms. Gustafson is also a member of the company's Executive Committee. In...

Marriott Vacations Worldwide Welcomes Lori Gustafson as Executive Vice President and Chief Brand and Digital Strategy Officer

ORLANDO, Fla., Nov. 23, 2020 /PRNewswire/ -- Marriott Vacation Club — a global industry leader in Vacation Ownership and brand of Marriott Vacations Worldwide (NYSE: VAC) — announced today that reservations will commence for its proposed resort in Costa Rica, Marriott Vacation Club at Los...

Marriott Vacation Club Announces Reservations Start For Proposed New Resort In Costa Rica

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Marriott Vacations' (VAC) third-quarter top-line results are negatively impacted by lower occupancy rates on account of the pandemic.

Marriott Vacations (VAC) Q3 Earnings Miss Estimates, Fall Y/Y

News for Marriott Vacations Worldwide Stock (VAC)