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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Marriott (VAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Marriott (VAC) Upgraded to Strong Buy: Here's Why

Marriott Vacations (VAC) anticipates contract sales to grow double-digits on a year-over-year basis, backed by increased tours and strength in VPG's.

Solid Contract Sales Boosts Marriott Vacations (VAC) Prospects

The mean of analysts' price targets for Marriott (VAC) points to a 26% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Marriott (VAC) Could Rally 26%: Here's is How to Trade

Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Neal Goldner - VP, IR Steve Weisz - CEO John Geller - President Tony Terry - EVP & CFO Conference Call Participants Ben Chaiken - Credit Suisse Brandt Montour - Barclays Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank David Katz - Jefferies Operator Greetings, and welcome to Marriott Vacations Worldwide Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Marriott Vacations Worldwide Corporation's (VAC) CEO Steve Weisz on Q2 2022 Results - Earnings Call Transcript

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

Marriott Vacations' (VAC) Q2 Earnings & Revenues Top Estimates

Marriott (VAC) delivered earnings and revenue surprises of 25.88% and 0.80%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

ORLANDO, Fla. , Aug. 8, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") reported second quarter 2022 financial results.

Marriott Vacations Worldwide ("MVW") Reports Second Quarter 2022 Financial Results

ORLANDO, Fla. , Aug. 1, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("the Company") today announced that its board of directors increased its prior authorization to repurchase common stock of the Company by $500 million.

Marriott Vacations Worldwide Corporation Announces Increased Share Repurchase Authorization

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Awards recognize companies where employees are most satisfied and have growth opportunities ORLANDO, Fla. , July 5, 2022 /PRNewswire/ -- Marriott Vacations Worldwide (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally recognized travel brands and vacation clubs, has been certified as a Most Loved Workplace® backed by Best Practice Institute and recognized as a Top Company to Grow a Career in Travel & Hospitality by LinkedIn.

Marriott Vacations Worldwide Certified as a Most Loved Workplace and Named a Top Company in Travel & Hospitality by LinkedIn

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Marriott (VAC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Marriott (VAC): Can Its 3.4% Jump Turn into More Strength?

Marriott Vacations (VAC) continues to benefit from robust occupancies. The company expects contract sales in the range of $1,775 million to $1,875 million.

Marriott Vacations (VAC) Raises 2022 View on Strong Occupancy

A Vacation Ownership Program Designed to Make Vacationing Even Better   ORLANDO, Fla. , June 16, 2022 /PRNewswire/ -- Marriott Vacations Worldwide (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands and vacation clubs, is introducing Abound by Marriott Vacations™ ("Abound"), a new Owner benefit and exchange program set to debut this summer.

Introducing Abound by Marriott Vacations™

ORLANDO, Fla. , June 16, 2022 /PRNewswire/ -- In conjunction with its investor day, Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") is raising its full year guidance.

Marriott Vacations Worldwide ("MVW") Raises Full Year 2022 Guidance

Stephen P. Weisz to retire as Chief Executive Officer in December 2022 with John E. Geller named as incoming successor ORLANDO, Fla.

Marriott Vacations Worldwide Announces Chief Executive Officer Retirement and Succession Plan

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Marriott Vacations Worldwide (VAC) is a Top-Ranked Momentum Stock: Should You Buy?

ORLANDO, Fla. , May 19, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company") announced today the completion of its first timeshare receivable securitization of 2022 (the "2022-1 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 2022

MIAMI , May 10, 2022 /PRNewswire/ -- Interval International, a leading worldwide provider of vacation services, has renewed its decades-long affiliation with industry-leading resort developer Westgate Resorts. Expanding on a relationship that began in 1991, the continuation of this long-standing affiliation includes 20 Westgate properties in premier travel destinations throughout the United States.

INTERVAL INTERNATIONAL AND WESTGATE RESORTS EXTEND 30-YEAR RELATIONSHIP

Marriott Vacations' (VAC) first-quarter top line benefits from solid vacation ownership business performance and an uptick in contract sales.

Marriott Vacations' (VAC) Q1 Earnings Top Estimates, Rise Y/Y

Marriott Vacations Worldwide Corporation (NYSE:VAC ) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET Company Participants Stephen Weisz - Chief Executive Officer John Geller - President Tony Terry - Executive Vice President, Chief Financial Officer Conference Call Participants Patrick Scholes - Truist Securities Ben Chaiken - Credit Suisse Chris Woronka - Deutsche Bank Operator Greetings and welcome to the Marriott Vacations Worldwide first quarter 2022 earnings call. At this time, all participants are in a listen-only mode.

Marriott Vacations Worldwide (VAC) CEO, Stephen Weisz on Q1 2022 Results - Earnings Call Transcript

Marriott (VAC) delivered earnings and revenue surprises of 15.65% and 2.55%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Marriott Vacations Worldwide (VAC) Beats Q1 Earnings and Revenue Estimates

ORLANDO, Fla. , May 5, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE:  VAC) (the "Company") reported first quarter 2022 financial results.

Marriott Vacations Worldwide ("MVW") Reports First Quarter 2022 Financial Results

MIAMI , April 21, 2022 /PRNewswire/ -- Interval International, a leading worldwide provider of vacation services, and Babitbay Beach Development Corporation, B.V., have signed an agreement to renew an affiliation first established in 2009 with Dawn Beach Club in St. Maarten, Netherlands Antilles.

News for Marriott Vacations Worldwide Stock (VAC)