Marriott Vacations Worldwide Corporation
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Matthew E. Avril
- Full Time Employees
- 21,100
- Sector
- Consumer services
- Industry
- Other consumer services
- Address
- 7812 Palm Parkway Orlando FL United States 32836
- IPO Date
- Nov 8, 2011
- CIK
- 0001524358
- Similar Companies
- Business
- Marriott Vacations Worldwide Corporation (NYSE: VAC) is a leading global vacation company focused on vacation ownership, exchange, rental, resort and property management services. The company offers upper-upscale tier vacation ownership products through brands including Marriott Vacation Club, Marriott Vacation Club Pulse, Grand Residences by Marriott, The Ritz-Carlton Destination Club, Sheraton Vacation Club and Westin Vacation Club; it also operates Interval International, providing timeshare exchange networks and membership programs across more than 3,200 affiliated resorts in over 90 countries and territories, alongside third-party management and rental services. Headquartered in Orlando, Florida, with approximately 22,000 associates worldwide and over 700,000 owner families served at around 120 owned or managed vacation ownership properties, the company maintains exclusive long-term relationships with Marriott International, Inc. and Hyatt Hotels Corporation for development, sales and marketing. Recent developments include the expansion of the Abound by Marriott Vacations exchange program in June 2025, enabling direct bookings at over 8,000 Marriott Bonvoy hotels worldwide via a third-party platform; the launch of the Marriott Vacation Clubs City Collection, incorporating urban properties such as a new 110-key resort in Waikiki, Hawaii opened in 2024, alongside planned Westin Vacation Club additions in Charleston, South Carolina in 2025 and Savannah, Georgia in 2026; and the completion of a $470 million vacation ownership loan securitization in November 2025 at a blended interest rate of 4.62%. The company pursues operational modernization, targeting $150 million to $200 million in Adjusted EBITDA benefits by end-2026 through IT upgrades, automation, sales incentive realignments, FICO-based lead screening and reduced third-party rentals to boost owner satisfaction; it forecasts $270 million to $330 million in adjusted free cash flow for 2025, supported by $865 million in liquidity as of Q1 2025 and plans for $575 million debt repayment in January 2026. Founded in 1984 as Marriott Ownership Resorts, Inc. through the acquisition of American Resorts Group and spun off as a public entity from Marriott International in 2011, Marriott Vacations Worldwide operates primarily in North America, Europe, Asia-Pacific and the Caribbean, deriving about 40% of adjusted EBITDA from recurring revenue streams across development, management, rentals and financing segments.
Company News
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