Articles tagged “timeshares”

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.

Travel remains a top spending priority among younger travelers. We spoke with two millennial travelers to unpack the benefits of vacation ownership and learn why they consider timeshare the best way to enjoy multiple resort vacations a year.

Today's podcast looks at Airbnb's new weather policies, Marriott's new urban timeshares, and Las Vegas' new route from London.

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.

The deal will let the Paris-based hotel giant continue to get a slice of vacation ownership revenue as a licensing fee.

The proposed legislation uses the carrot and stick approach to secure long-term housing from short-term rentals.