Hilton Grand Vacations CFO seeing very strong demand, Bloomberg reports

In an interview with Hilton Grand Vacations (HGV) President and CFO Dan Mathewes, the executive said that demand right now is “still very strong,” Bloomberg reports. Mathewes noted that while rising gas prices are a concern, its predominantly regional owner base helps mitigate travel cost sensitivity, with risk more concentrated in long-haul destinations such as Hawaii where higher airline fares driven by fuel prices could more directly impact demand and occupancy trends. Hilton Grand Vacations is largely at capacity following recent acquisitions, including the transformative Diamond Resorts deal, which significantly expanded its geographic footprint and strengthened its position in the vacation ownership market, Mathewes told Bloomberg. Shares of Hilton Grand Vacations are up over 4% to $46.73 following the interview and a price target increase at Truist on Monday morning.