An update from Marriott Vacations Worldwide Corporation ( (VAC) ) is now available.
On February 26, 2025, Marriott Vacations Worldwide Corporation announced its financial results for the fourth quarter and full year 2024. The company reported a 7% increase in consolidated vacation ownership contract sales, reaching $477 million, with significant growth from first-time buyers. Despite a decrease in Segment Adjusted EBITDA due to lower development and financing profits, the company ended the year with strong liquidity and provided optimistic guidance for 2025. The company aims to achieve $150 million to $200 million in run-rate benefits by the end of 2026 through cost savings and revenue growth initiatives, reflecting confidence in its business model and future growth opportunities.
More about Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation operates in the leisure and hospitality industry, focusing on vacation ownership, exchange, and third-party management services. The company is known for its vacation ownership contracts and operates globally, providing leisure experiences to its members and guests.
YTD Price Performance: -2.41%
Average Trading Volume: 333,620
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.98B
Learn more about VAC stock on TipRanks’ Stock Analysis page.