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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.

Rhea-AI Summary
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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Hyatt Vacation Club launches rebranded offering of enhanced vacation experiences across 22 resorts, connecting former Hyatt Residence Club and former Welk Resorts under a common brand. Offers curated portfolios of resorts, amenities, and travel offerings, including redemption of World of Hyatt points. Introduces Inspired Activities and Experiences program. Introduces BEYOND program for eligible owners to access global travel experiences. World of Hyatt members can earn 3x points at Hyatt Vacation Club resorts until November 21, 2023.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) announced the appointment of Jason Marino as Executive Vice President and Chief Financial Officer, effective September 30. Mr. Marino, a seasoned financial executive with nearly two decades of experience, will succeed Anthony 'Tony' Terry, who is retiring from the Company. The press release highlights Mr. Marino's extensive financial leadership experience, strategic planning, M&A, budgeting, and operational finance expertise. This announcement underscores the Company's confidence in Mr. Marino's ability to drive future growth and deliver value to stakeholders.
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Marriott Vacations Worldwide Corporation (NYSE: VAC) will release its Q2 2023 financial results on August 2, followed by a conference call on August 3. Participants can access the call via phone or webcast. An audio replay will be available on the company's website until September 2.
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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 $90.24 as of December 20, 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.

MARRIOTT VACATIONS WORLDWIDE CORPORATION

NYSE:VAC

VAC Rankings

VAC Stock Data

3.16B
31.97M
8.39%
86.43%
5.44%
Resorts & Casinos
Real Estate Agents & Managers (for Others)
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United States of America
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