Marriott Vacations exceeded first quarter 2024 expectations, with steady EBITDA performance and a large share buyback, despite underwhelming results in its core Vacation Ownership segment.
The timeshare company wants to put the Maui wildfires in the rearview mirror. Sluggish demand and a tight labor market in the area impacted by the fires have slowed its post-pandemic momentum.
Marriott Vacations Worldwide introduced The Marriott Vacation Clubs City Collection, featuring branded properties in seven cities with plans for expansion to other urban areas, including the addition of two Westin Vacation Club properties.
Think beyond the beach. Marriott Vacations Worldwide is shaking up the timeshare game by debuting a City Collection of properties in response to growing demand.
It's not wholly surprising that Michael Brown, CEO of Travel and Leisure Co., topped the list of compensation among the top bosses of timeshare operators. His company led its peers in revenue and net income last year.
In a financial update, Hilton Grand Vacations (HGV) showcased its sector leadership with a revenue of $3.978 billion last year. Rivals Travel and Leisure Co. and Marriott Vacations Worldwide continued to see resilient sales, too.
India is on track to be the hottest hotel development market in the world over the next few years. Plus, more highlights from this week's news in hotel deals and development worldwide.