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MARRIOTT VACATIONS WORLDWIDE CORPORATION - VAC STOCK NEWS

Welcome to our dedicated page for MARRIOTT VACATIONS WORLDWIDE CORPORATION news (Ticker: VAC), a resource for investors and traders seeking the latest updates and insights on MARRIOTT VACATIONS WORLDWIDE CORPORATION stock.

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.

News

Marriott Vacations Worldwide Announces New Executive Roles to Support Future Growth

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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 Appoints Mary E. Galligan to Board of Directors

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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 Announces Quarterly Cash Dividend

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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 to Present at the Barclays Eat, Sleep, Play Conference

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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 Completes $450 Million Term Securitization

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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 Reports Third Quarter 2023 Financial Results

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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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Interval International Releases Its Top Travel Destinations for 2024 – to Inspire Vacation Enthusiasts

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Interval International, a leading travel membership company, has announced its top destinations for 2024 based on data from its 1.6-million members worldwide. The list includes popular spots like the Hawaiian Islands and Florida, as well as increased interest in international travel to destinations like Portugal, Scotland, and the U.S. Virgin Islands. Whistler, British Columbia is a newcomer to the list, joining top U.S. ski resorts.
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Marriott Vacations Worldwide Corporation Announces Third Quarter Earnings Release and Conference Call

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Marriott Vacations Worldwide Corporation to report Q3 2023 financial results
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Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend

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Marriott Vacations Worldwide Corporation announces quarterly cash dividend of $0.72 per share of common stock.
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Marriott Vacations Worldwide Provides Update on Impact of Maui Wildfires

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Marriott Vacations Worldwide Corporation provides an update on the business impact of the Maui wildfires. The company expects the wildfires to adversely impact its third-quarter contract sales by approximately $25 to $30 million, its net income by $16 to $19 million, and its Adjusted EBITDA by $22 to $27 million. The impact on fourth-quarter operating results will depend on the re-opening of resorts and travel returning to Maui.
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FAQ

What is the current stock price of MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC)?

The current stock price of MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) is $91.27 as of November 15, 2024.

What is the market cap of MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC)?

The market cap of MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) is approximately 3.2B.

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.

Stock VAC logo
MARRIOTT VACATIONS WORLDWIDE CORPORATION

NYSE:VAC

VAC Rankings

#1620 Ranked by Market Cap
#924 Ranked by Dividends

VAC Stock Data

3.18B
34.91M
8.39%
89.25%
5.03%
Resorts & Casinos
Real Estate Agents & Managers (for Others)
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United States of America
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