Modernization Program Progress
The company is making strong progress towards a $150 million to $200 million EBITDA benefit by the end of 2026, with significant operational changes including reorganization of HR and finance functions, saving $20 million annually.
Expansion in Asia Pacific
Marriott Vacations Worldwide expanded its presence in Asia Pacific with the opening of a new resort in Khao Lak, Thailand, and expects more developments to contribute over $80 million in annual contract sales in the coming years.
Increase in Financing Propensity
Financing propensity increased by 90 basis points year-over-year, benefiting long-term growth due to strong margins from the lending business.
Decrease in Corporate G&A
Corporate G&A decreased by $8 million during the quarter.