Record Contract Sales Growth
Reported contract sales were up 10% to $834 million, driven by strong VPG expansion and tour flow trends.
Adjusted EBITDA and Strong Margins
Adjusted EBITDA was $278 million with margins excluding reimbursements, of 23%.
Strong Membership Growth
Member count was nearly 725,000 with over 233,000 HGV Max members, including nearly 21,000 legacy Bluegreen members who joined the program.
Successful Securitization in Japan
Closed on a JPY 9.5 billion timeshare securitization in Japan at a favorable cost of capital, opening up a new market for low-cost funding.
Significant Cash Return to Shareholders
Returned $300 million to shareholders this year, including $150 million for the quarter, with a goal of returning $600 million this year.
Inventory Recapture Efficiency
Continued success in adding new members to Max and efficiency in inventory recapture supporting future cash flow growth.