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Stock impact report

Hilton Grand Vacations: Weak Yen Dents Japanese Appetite for U.S. Timeshares [Yahoo! Finance]

Hilton Grand Vacations Inc. (HGV) 
Last hilton grand vacations inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.hgv.com
Company Research Source: Yahoo! Finance
But with the Japanese yen at a 36-year low against the dollar, that trend has reversed. Hilton Grand Vacations (HGV), the giant timeshare company with soon-to-be 13 properties in Hawaii, said it had seen Japanese buyers be slow to return to the market. “Japanese new buyer arrivals are down 53% below 2019 levels,” said Mark Wang, president and CEO during an earnings call Thursday. “We're still waiting for those new buyers to come back to Hawaii. The general expectation is that it's going to take a number of years for that to come back.” HGV has 13 sales offices in Japan, underscoring the size of the market. Its tours for new buyers for properties within Japan are almost back to 2019 levels, the CEO said. Japanese who have owned HGV properties since before the pandemic have been returning to use of their properties and club membership. Existing Japanese owners are traveling to HGV properties at close to 2019 levels of engagement. On the reverse side, American interest in vis Show less Read more
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