Welcome to our dedicated page for Hilton Grand Vacations news (Ticker: HGV), a resource for investors and traders seeking the latest updates and insights on Hilton Grand Vacations stock.
Hilton Grand Vacations Inc. (HGV) is a leading timeshare company and a division of Hilton Hotels Corporation. Headquartered in Orlando, Florida, HGV specializes in the development, marketing, and management of high-quality vacation ownership resorts in select travel destinations.
Core Business: The company operates in two main segments: Real Estate Sales and Financing and Resort Operations and Club Management. The Real Estate Sales and Financing segment predominately generates revenue from the sale of Vacation Ownership Interests (VOIs) and related financing. The Resort Operations and Club Management segment provides comprehensive management services to a network of resorts. This includes managing owner rental programs, recreational programs, and retail outlets.
Membership Programs: HGV operates two exclusive club membership programs: Hilton Grand Vacations Club® and The Hilton Club®. These programs offer over 127,000 members exclusive access to exchange, leisure travel, and reservation services, enhancing their vacation experience.
Recent Achievements and Current Projects: The company has been expanding its portfolio with new properties in top vacation destinations. It's recognized for its successful resale programs for managed resort properties, ensuring the value of ownership remains strong. HGV also focuses on enhancing customer experience through innovative services and world-class hospitality, which are hallmarks of the Hilton brand.
Financial Condition: The majority of HGV's revenue is derived from its Real Estate Sales and Financing segment, showcasing a robust financial model. The company is committed to maintaining strong financial health to support its strategic growth initiatives.
Partnerships: As part of the Hilton Hotels Corporation, HGV leverages its association with one of the most recognized names in global hospitality to provide exceptional vacation experiences. Their strategic partnerships continue to drive customer satisfaction and operational excellence.
Significance: Hilton Grand Vacations Inc. stands out in the timeshare industry for its quality offerings and strong brand reputation. Investors and travelers alike recognize the value of its well-managed resorts and innovative vacation solutions.
Hilton Grand Vacations Inc. (NYSE:HGV) will report its Q1 2023 financial results on April 27, 2023, before the markets open. A teleconference will follow at 11 a.m. ET, allowing participants to join via the HGV Investor Relations website.
Investors can dial in by phone at 1-877-407-0784 (U.S./Canada) or +1-201-689-8560 (international) about 15 minutes prior to the start. A replay will be available post-call until May 4, 2023, by calling 1-844-512-2921 (U.S.) or +1-412-317-6671 (international) using ID# 13735179.
For more information, visit www.corporate.hgv.com.
Hilton Grand Vacations Inc. (NYSE:HGV) has achieved a significant legal victory in its lawsuit against third-party timeshare exit companies accused of false advertising. The federal court ruling determined that these companies misled timeshare owners into believing they could exit their contracts legally, often charging hefty fees exceeding
Hilton Grand Vacations (HGV) is launching its second annual fundraising campaign with the American Red Cross, coinciding with Red Cross Giving Day on March 22. The initiative, dubbed 'Early Giving Day', will match public donations up to $50,000 on March 14 to support disaster relief. Each year, natural disasters in the U.S. cause over $150 billion in damages. HGV's partnership aims to assist the Red Cross in providing essential aid to disaster-affected communities. This initiative showcases HGV's commitment to corporate social responsibility and community support through its HGV Serves program.
Hilton Grand Vacations (NYSE: HGV) reported strong fourth quarter 2022 results with total revenues of $992 million, up from $838 million in 2021. Contract sales reached $634 million, reflecting a 21.9% increase in tours. Net income improved to $78 million from $75 million a year prior, with diluted EPS rising to $0.67. Adjusted EBITDA was $252 million, slightly down from $264 million in Q4 2021. The company repurchased 2.5 million shares for $100 million during the quarter. Looking ahead, HGV forecasts 2023 Adjusted EBITDA between $1,090 million and $1,120 million.
Hilton Grand Vacations (NYSE:HGV) will announce its financial results for Q4 and full year 2022 on March 1, 2023, before markets open. This will be followed by a teleconference at 11 a.m. ET. Investors can access the live webcast through the HGV Investor Relations website. For phone access, dial 1-877-407-0784 in the U.S. or +1-201-689-8560 internationally. A replay of the call will be available three hours after its completion until March 8, 2023. The company specializes in vacation ownership resorts and caters to over 725,000 owners globally. More information is available at http://investors.hgv.com.
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