News & Videos - MARRIOTT VACATIONS WORLDWIDE

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported second quarter 2023 financial results. Second Quarter 2023 Highlights Consolidated Vacation Ownership contract sales were $453 million, a 10% decrease compared to the second quarter of 2022, and VPG was $3,968. Net income attributable to common shareholders was $90 million compared to $136 million in the prior year, and fully diluted earnings per share decreased 27% to $2.17. Adjusted net income attributable to...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) today announced Jason Marino has been named Executive Vice President and Chief Financial Officer effective September 30. He will succeed Anthony “Tony” Terry, who announced his intent to retire from the Company earlier this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230725510404/en/ Marriott Vacations Worldwide Corporation has named Jason Marino as...

Marriott Vacations Worldwide Corporation (NYSE: VAC) will report second quarter 2023 financial results after the market closes on Wednesday, August 2. A conference call will follow at 8:30 a.m. ET on Thursday, August 3, to discuss the Company's results. Participants can 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...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced that Raman Bukkapatnam will join the Company as Chief Information Officer, effective July 10, 2023. As a member of the Company’s Executive Committee, Bukkapatnam will report directly to John Geller, President and Chief Executive Officer. In his role, Bukkapatnam will be responsible for leading the enterprise’s global technology strategy, transformation, and modernization. Bukkapatnam is a strategic leader...

Marriott Vacations Worldwide (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands, is proud to announce it has been certified as a Most Loved Workplace ® backed by Best Practice Institute for the second year in a row and recognized by U.S. News & World Report among its inaugural 200 Best Companies to Work For. The Most Loved Workplace ® certification is given to companies where associates are the happiest and most satisfied at work, and less...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced that its Board of Directors increased its share repurchase authorization and declared a quarterly dividend. As of May 10, 2023, the Company had approximately $149 million of capacity to repurchase common stock remaining under its prior authorization. The Board of Directors increased this remaining authorization to an aggregate of $600 million (including the $149 million of remaining unused capacity) and extended...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company") today announced that Executive Vice President and Chief Financial Officer Anthony “Tony” Terry has decided to retire later this year. The Company is conducting a search for his successor. Mr. Terry plans to stay on as CFO until the role has been filled and the transition period is complete later this year. “I want to thank Tony for his contributions over the last 27 years at the Company,” said John Geller, president...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported first quarter 2023 financial results. First Quarter 2023 Highlights Consolidated Vacation Ownership contract sales were $434 million, a 10% increase compared to the first quarter of 2022, and VPG was $4,358. Net income attributable to common shareholders was $87 million compared to $58 million in the prior year, and fully diluted earnings per share increased 67% to $2.06. Adjusted net income attributable to common...

Marriott Vacations Worldwide Corporation (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands, is proud to announce it has been honored with 11 awards by the American Resort Development Association (ARDA), a nonprofit trade association that advocates for the timeshare industry. Each year, ARDA recognizes groups and individuals who exhibit professional excellence and/or have achieved significant accomplishments in the areas of marketing and sales;...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of its first timeshare receivable securitization of 2023 (the “2023-1 Securitization”), offered pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. $380 million of notes (the “Notes”) were issued in the transaction, backed by a pool of approximately $388 million of vacation ownership loans from a...

Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the first quarter 2023 after the market closes on Wednesday, May 3. A conference call will follow at 8:30 a.m. ET on Thursday, May 4, 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...

Marriott Vacations Worldwide Introduces The Marriott Vacation Clubs™ Vacation Ownership Portfolio PR Newswire ORLANDO, Fla., April 11, 2023 The rebranded portfolio brings together the signature vacation ownership brands Marriott Vacation Club®, Sheraton® Vacation Club, and Westin® Vacation Club under one name ORLANDO, Fla. , April 11, 2023 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported financial results for the fourth quarter and full year 2022 and provided guidance for full year 2023. Fourth Quarter 2022 Highlights: Consolidated Vacation Ownership contract sales were $454 million, a 12% increase compared to the fourth quarter of 2021, and VPG was $4,088. The Company estimates that hurricanes negatively impacted contract sales by approximately $13 million in the fourth quarter of 2022. Net income...

Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock. “We are pleased that our Board of Directors again approved a quarterly dividend to our shareholders, illustrating their continued confidence in our leisure focused business and growth strategy,” said John Geller, president & chief executive officer. The dividend is payable on or around March 16, 2023, to shareholders of record as...

Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the fourth quarter 2022 after the market closes on Wednesday, February 22. A conference call will follow at 8:30 a.m. ET on Thursday, February 23, 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...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) today announced the promotion of Stephanie Sobeck Butera to the position of Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership (HVO). Ms. Butera has spent nearly 25 years in the industry developing, operating, and leading mid and upscale leisure products and customer service strategies. Over the course of her career with the Company, Ms. Butera has held leadership roles across...

Marriott Vacations Worldwide (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally recognized travel brands, is partnering with the University of Central Florida (UCF) to support generations of hospitality students. Marriott Vacations Worldwide (MVW) has established The Stephen P. Weisz Endowed Scholarship for Hospitality Management, which will support students at the UCF Rosen College of Hospitality Management. The endowment is being made in honor of the chief executive...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company,” “we,” “us” or “our”) announced today the pricing of the offering of $500 million in aggregate principal amount of 3.25% convertible senior notes due 2027 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company,” “we” or “our”) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also...

Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock, an increase of 16% over the Company’s prior dividend. “We are pleased that our Board of Directors approved an increase in our quarterly dividend,” said Stephen P. Weisz, chief executive officer. “Today’s announcement reflects the confidence in the resiliency of our business model, the strength of our cash flows and belief...