Welcome to our dedicated page for Marriott Vacations Worldwide C news (Ticker: VAC), a resource for investors and traders seeking the latest updates and insights on Marriott Vacations Worldwide C stock.
Marriott Vacations Worldwide Corporation (NYSE: VAC) is a global vacation company focused on vacation ownership, exchange, rental, and resort and property management, and its news flow reflects this mix of activities. Company press releases frequently describe a portfolio of approximately 120 vacation ownership resorts and around 700,000 owner families, supported by an exchange network and membership programs that include more than 3,200 affiliated resorts in over 90 countries and territories.
On this news page, readers can follow updates that the company issues about its business, including announcements on quarterly financial results, capital markets transactions, and corporate actions. Recent releases have covered topics such as quarterly earnings, securitizations of vacation ownership loans, offerings and pricing of senior notes, and changes in leadership at the president and chief executive officer level.
Investors tracking VAC news can also see information about dividends, share repurchase authorizations, and participation in investor conferences. These items provide insight into the company’s capital allocation decisions, financing approach, and communication with the investment community.
Because Marriott Vacations Worldwide operates vacation ownership, exchange, rental, and management businesses, its news often touches on contract sales performance, membership activity, and financial guidance, as reflected in its earnings releases and related presentations. Bookmark this page to access the stream of official company announcements and regulatory-related news that shape the ongoing story of VAC as a publicly traded vacation-focused company.
Marriott Vacations Worldwide Corporation (NYSE: VAC) reported strong first quarter 2022 results, achieving adjusted EBITDA of $188 million and contract sales of $394 million, both surpassing pre-pandemic levels.
Net income attributable to shareholders was $58 million, with adjusted earnings per share at $1.70. The company also returned $168 million to shareholders through share repurchases and dividends. Revenues increased 60% year-over-year, supported by a robust business model. For 2022, the company reaffirmed guidance, expecting net income of $317 to $347 million and adjusted EBITDA of $860 to $920 million.
Interval International has renewed its long-standing affiliation with Dawn Beach Club in St. Maarten, first established in 2009. This multi-year agreement enhances membership access to Interval's comprehensive vacation exchange benefits. As an Elite Resort, Dawn Beach Club offers luxurious accommodations and facilities, contributing to a robust vacation experience. Both companies emphasized the importance of this partnership, highlighting growth in membership and superior services. New purchasers can enroll in Club Interval Gold or Interval Platinum, gaining access to exclusive benefits, including travel discounts and concierge services.
Marriott Vacations Worldwide Corporation (NYSE: VAC) is set to announce its financial results for Q1 2022 on May 5, 2022, after the market closes. A conference call to discuss these results will take place at 8:30 a.m. ET on May 6, 2022. Participants can join by dialing (877) 407-8289 or (201) 689-8341 for international calls. A live webcast will be accessible on the company's Investor Relations website. An audio replay will be available from May 6 to June 6, 2022.
On February 25, 2022, Interval International announced a multi-site affiliation with Grupo El Cid Resorts, enhancing the El Cid Vacations Club. This agreement includes five existing resorts in Mazatlán and Puerto Morelos, with potential for future developments. New purchasers will receive upgraded membership benefits such as flexible exchange options and various leisure services. The properties are recognized for their exceptional service and have received prestigious awards, reflecting their commitment to providing memorable vacation experiences.
Marriott Vacations Worldwide reported strong fourth quarter results for 2021, with contract sales of $406 million, marking a 7% increase from the previous quarter and exceeding 2019 levels. The company anticipates contract sales for 2022 will be 13% higher than 2019 levels, with adjusted EBITDA expected to rise 17%. Full-year 2021 contract sales totaled nearly $1.4 billion, with net income at $49 million. The company maintained a robust liquidity position of $1.1 billion at year-end, despite a debt increase to $4.5 billion. The outlook for 2022 includes adjusted EPS guidance of $8.72 to $9.65.
Marriott Vacations Worldwide Corporation (NYSE: VAC) has announced a quarterly cash dividend of $0.62 per share, marking a 15% increase from the previous dividend. This dividend is set to be paid on or around March 17, 2022, to shareholders on record as of March 3, 2022. Additionally, the company has authorized an increase in its stock repurchase program by $300 million, bringing the total available for repurchase to $445 million.
Interval International has announced the addition of eight upscale Welk Resorts locations across California, Colorado, Missouri, and Cabo San Lucas, Mexico. This expansion provides over 39,000 Welk Owners with access to Interval's extensive network of more than 3,200 resorts. Welk Owners will be enrolled as Interval Gold members, gaining flexible exchange options and upgraded benefits, including hotel stays and cruise bookings. Interval International is part of Marriott Vacations Worldwide (NYSE: VAC), which enhances its offerings with high-quality accommodations and services.
Marriott Vacations Worldwide (NYSE: VAC) announced fourth quarter 2021 contract sales of $406 million, exceeding previous guidance. The Vacation Ownership segment saw strong occupancies and increased volume per guest, well above pre-pandemic levels. CEO Stephen P. Weisz noted a minor impact from the Omicron variant in January but remains optimistic about future trends. The company will report full financial results on February 23, 2022, with a conference call on February 24, 2022.
Marriott Vacations Worldwide Corporation (NYSE: VAC) has declared a quarterly cash dividend of $0.54 per share, set to be paid on or around January 6, 2022. Shareholders of record by the close of business on December 23, 2021 will receive this dividend. This reflects the company's ongoing commitment to returning value to its shareholders amidst a robust portfolio of vacation ownership and related services.
Disney Vacation Development has partnered with Interval International to affiliate 15 Disney Vacation Club resorts across Florida, California, Hawai'i, and South Carolina, reinstating a collaboration from 1995. Effective January 1, 2022, DVC Members will gain access to Interval's extensive network of over 3,200 vacation properties. This agreement enhances member benefits, including short-stay exchanges and travel concierge services. Disney Vacation Club has served over 250,000 member families since its inception in 1991, emphasizing a commitment to unique vacation experiences.