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Marriott Vacations Worldwide Corporation (symbol: VAC) is a leading independent public company in the vacation ownership industry. With a presence spanning over 60 resorts worldwide, the company serves more than 400,000 owners under well-recognized brands such as Marriott Vacation Club, The Ritz-Carlton Destination Club, and Grand Residences by Marriott. These brands offer luxury vacation packages and accommodations, primarily in the United States, but also across Europe and the Asia Pacific region.
One of the core functions of Marriott Vacations Worldwide is the sale of vacation ownership products. This includes providing luxurious vacation experiences through a portfolio of high-end resorts. The company's offerings also extend to purchase money financing for its customers, facilitating easier access to their vacation services.
Marriott Vacations Worldwide operates through two main segments: Vacation Ownership and Exchange & Third-Party Management. The primary revenue driver is the Vacation Ownership segment, which focuses on the sale of vacation packages and ownership products. The other segment, Exchange & Third-Party Management, involves managing third-party vacation rental properties and exchange services.
Recent achievements include expanding its portfolio with new resorts and enhancing customer experiences through innovative service offerings. The company remains focused on its mission to provide memorable vacation experiences while maintaining financial stability and growth.
For more detailed information, visit the company's official website at marriottvacationsworldwide.com.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) reported positive financial results for Q4 2023 despite challenges, with contract sales growing by 4%. Net income attributable to common stockholders was $35 million, adjusted net income was $75 million, and adjusted EBITDA was $186 million. The Company repurchased 431,000 shares of its common stock for $38 million and increased its quarterly dividend to $0.76 per share.
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Marriott Vacations Worldwide Corporation (VAC) declares a quarterly cash dividend of $0.76 per share, payable on March 14, 2024, to shareholders of record as of February 29, 2024.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) has been named among Fortune's 26th annual World's Most Admired Companies list for 2024. The company's strong reputation is attributed to its ability to attract and retain talent, quality of management, social responsibility, innovativeness, product quality, wise use of corporate assets, financial soundness, long-term investment value, and global business effectiveness. President and CEO John Geller expressed gratitude for the recognition and highlighted the company's commitment to delivering exceptional vacation experiences. Marriott Vacations Worldwide has also been recognized for distinction in the hospitality industry, ranking highly on Newsweek's Most Loved Workplaces list and as the No. 1 Most Respected Company based on employee feedback.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the fourth quarter 2023 after the market closes on Wednesday, February 21. A conference call will follow at 8:30 a.m. ET on Thursday, February 22, to discuss the Company's results. Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company's website at ir.mvwc.com. An audio replay of the conference call will be available at ir.mvwc.com from 10 a.m. ET on February 22 until 10 p.m. ET on March 22. To access the replay, dial (877) 660-6853 or (201) 612-7415 for international callers. The conference ID for the recording is 13743641.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) announces a new organizational structure to drive long-term growth. Lori Gustafson expands her role as Executive Vice President and Chief Membership & Commercial Services Officer, overseeing membership business lines, enterprise shared service groups, and a newly formed Global Commercial Services team. Marcos Agostini is appointed Executive Vice President, Managing Director, Interval International. These changes aim to support the company's growth strategies and deliver consistent performance.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) announced the appointment of Mary E. Galligan to its Board of Directors effective January 1, 2024. Ms. Galligan has a 35-year career in technology, cybersecurity, government relations, and risk management. She brings extensive experience in navigating high-profile crises and cyber incidents. Ms. Galligan's expertise will be immensely valuable in managing risk and driving growth for MVW.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) increases quarterly cash dividend by over 5% to $0.76 per share, payable on January 4, 2024.
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Marriott Vacations Worldwide Corporation (VAC) to Host Fireside Chat at Barclays Eat, Sleep, Play Conference
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Marriott Vacations Worldwide Corporation (NYSE: VAC) completes a $450 million securitization of vacation ownership loans, issuing notes with a blended interest rate of 6.49%. The transaction was backed by a pool of approximately $459 million of vacation ownership loans from the company's timeshare brands. The proceeds will be used to pay down outstanding credit facility obligations and for other general corporate purposes.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) reported third quarter 2023 financial results. Consolidated Vacation Ownership contract sales were $438 million and volume per guest increased $87 sequentially to $4,055. Net income attributable to common shareholders was $42 million compared to $109 million in the prior year. Adjusted EBITDA was $150 million. The Company repurchased 793,300 shares of its common stock for $86 million during the quarter and declared a $0.72 per share quarterly dividend.
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FAQ
What is the current stock price of Marriott Vacations Worldwide C (VAC)?
The current stock price of Marriott Vacations Worldwide C (VAC) is $84.14 as of February 21, 2025.
What is the market cap of Marriott Vacations Worldwide C (VAC)?
The market cap of Marriott Vacations Worldwide C (VAC) is approximately 3.1B.
What is Marriott Vacations Worldwide Corporation?
Marriott Vacations Worldwide Corporation is a leading independent public company specializing in vacation ownership experiences. It operates over 60 resorts worldwide under brands like Marriott Vacation Club, The Ritz-Carlton Destination Club, and Grand Residences by Marriott.
What brands does Marriott Vacations Worldwide Corporation own?
The company owns brands such as Marriott Vacation Club, The Ritz-Carlton Destination Club, and Grand Residences by Marriott.
Where are Marriott Vacations Worldwide Corporation's resorts located?
Most of the company's resorts are located in the United States, with additional properties in Europe and the Asia Pacific region.
What are the main segments of Marriott Vacations Worldwide Corporation?
The company operates in two main segments: Vacation Ownership and Exchange & Third-Party Management.
How does Marriott Vacations Worldwide Corporation generate revenue?
The majority of the company's revenue comes from the sale of vacation ownership products and packages under the Vacation Ownership segment.
Does Marriott Vacations Worldwide Corporation offer financing options?
Yes, the company offers purchase money financing to customers who buy its vacation ownership products.
How many owners does Marriott Vacations Worldwide Corporation serve?
The company serves over 400,000 owners.
What recent achievements has Marriott Vacations Worldwide Corporation made?
Recent achievements include expanding its portfolio with new resorts and enhancing customer experiences through innovative service offerings.
Where can I find more information about Marriott Vacations Worldwide Corporation?
For more information, visit the company's official website at marriottvacationsworldwide.com.
What is the primary focus of Marriott Vacations Worldwide Corporation?
The primary focus is to provide luxurious and memorable vacation ownership experiences through its diverse portfolio of high-end resorts.
Marriott Vacations Worldwide C
NYSE:VAC
VAC Rankings
VAC Stock Data
3.07B
31.96M
8.38%
86.56%
4.3%
Resorts & Casinos
Real Estate Agents & Managers (for Others)
United States
ORLANDO