Associated tags: VAC, Marriott Vacations Worldwide, Travel, Vacation, Lodging, NYSE, Destinations, Other Travel, Hotel
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VAC,
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Holding company Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.
Key Points:
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.
The dividend is payable on or around June 6, 2024, to stockholders of record as of the close of business on May 23, 2024.
Commercial Building & Real Estate,
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Marriott Vacations Worldwide Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported first quarter 2024 financial results.
Key Points:
- Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported first quarter 2024 financial results.
- Consolidated Vacation Ownership contract sales were $428 million, a 1% decrease compared to the first quarter of 2023.
- Net income attributable to common stockholders was $47 million compared to $87 million in the prior year, and fully diluted earnings per share was $1.22.
- Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.
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Make-A-Wish Foundation,
Hotel Marriott Vacations Worldwide (NYSE: VAC), a leading global vacation company, is granting its 100th wish as part of its two-year partnership with Make-A-Wish.
Key Points:
- Marriott Vacations Worldwide (NYSE: VAC), a leading global vacation company, is granting its 100th wish as part of its two-year partnership with Make-A-Wish.
- View the full release here: https://www.businesswire.com/news/home/20240429252906/en/
As Make-A-Wish celebrates World Wish Month in April, Marriott Vacations Worldwide recently welcomed nine-year-old Layla Catts and her family to the Sheraton Vistana Resort in Orlando.
- In the two years since, more than 20 Marriott Vacations Worldwide resorts have welcomed wish kids and families to enjoy unique vacation experiences.
- “At Marriott Vacations Worldwide, we know how meaningful vacations can be,” said John Geller, President and CEO, Marriott Vacations Worldwide.
Retrieved on:
Wednesday, April 24, 2024
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Hotel Each year at its annual spring conference, ARDA recognizes groups and individuals who exhibit professional excellence and/or have achieved significant accomplishments in the areas of marketing and sales; management and administration; advertising, promotion, and communications; and resort design.
Key Points:
- Each year at its annual spring conference, ARDA recognizes groups and individuals who exhibit professional excellence and/or have achieved significant accomplishments in the areas of marketing and sales; management and administration; advertising, promotion, and communications; and resort design.
- The organization also offers ARDA Circle of Excellence (ACE) awards, which honor those who have attained the highest level of excellence in the resort industry.
- This year, Marriott Vacations Worldwide is delighted to congratulate the 2024 ARDA award winners:
ACE Philanthropy and Community Service Award: MVW Maui Wildfires Support Effort for the tireless work of hundreds of associates from all business areas who assisted more than 1,600 affected associates.
- “I am honored to work alongside these incredibly deserving individuals and teams,” said John Geller, President and CEO of Marriott Vacations Worldwide.
Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the first quarter 2024 after the market closes on Monday, May 6.
Key Points:
- Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the first quarter 2024 after the market closes on Monday, May 6.
- 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 of the conference call will be available at ir.mvwc.com from 10 a.m.
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Hotel With that in mind, today the company announces The Marriott Vacation Clubs City Collection .
Key Points:
- With that in mind, today the company announces The Marriott Vacation Clubs City Collection .
- (Photo: Business Wire)
As part of the City Collection’s growing portfolio, Marriott Vacation Club® expects to open a seven-story vacation ownership property in Waikiki later this year.
- Each City Collection property has a City Insider on-site to help maximize an Owner’s, Member’s or guest’s experience.
- To learn more about The Marriott Vacation Clubs City Collection or to book a reservation, please visit www.MarriottVacationClubs.com .
Commercial Building & Real Estate,
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Security (finance) Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $430 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended.
Key Points:
- Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $430 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended.
- The notes have a blended interest rate of 5.48% and the gross advance rate was 98%.
- The transaction was backed by a pool of approximately $439 million of vacation ownership loans from a variety of the Company’s timeshare brands.
- Three classes of notes were issued by the Issuer, comprising approximately $284 million of Class A Notes, approximately $89 million of Class B Notes, and approximately $57 million of Class C Notes.
Retrieved on:
Thursday, February 29, 2024
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PDT,
Restaurant Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced that John Geller, President and Chief Executive Officer, and Jason Marino, Executive Vice President and Chief Financial Officer, will participate in a live fireside chat at the 2024 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas, Nevada on Thursday, March 14, at 3:50 p.m. PDT.
Key Points:
- Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced that John Geller, President and Chief Executive Officer, and Jason Marino, Executive Vice President and Chief Financial Officer, will participate in a live fireside chat at the 2024 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas, Nevada on Thursday, March 14, at 3:50 p.m. PDT.
- To tune in to the live presentation, please visit ir.mvwc.com .
- Following the session, a recording will be available.
Retrieved on:
Wednesday, February 21, 2024
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Holding company Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) reported financial results for the fourth quarter and full year 2023 and provided guidance for full year 2024.
Key Points:
- Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) reported financial results for the fourth quarter and full year 2023 and provided guidance for full year 2024.
- “The transition to Abound by Marriott Vacations is behind us.
- Together, these changes are referred to as the “Alignment.”
The tables below illustrate the comparison of the reported results from the fourth quarter of 2023, as well as adjusted results that reflect the estimated impact of the Maui fires, to the results from the fourth quarter of 2022, including the impact of the Alignment on the Company’s reported results for that time period.
- Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.
Retrieved on:
Thursday, February 15, 2024
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.
Key Points:
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.
The dividend is payable on or around March 14, 2024, to shareholders of record as of the close of business on February 29, 2024.
