Marriott Vacations Bets on Big Cities With New Timeshare Collection [Yahoo! Finance]
Marriott Vacations Worldwide Corporation (VAC)
Last marriott vacations worldwide corporation earnings: 2/26 04:15 pm
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Source: Yahoo! Finance
Marriott Vacation Clubs City Collection will have properties in seven U.S. cities, including New York, Boston, and San Francisco. City timeshares will remain a minority part of the group's 90-plus portfolio of properties, but executives say the data points to rising interest. “We knew, for example, before we announced our New York City Marriott Vacation Club that our owners stay in New York about 200,000 nights a year, on average, by exchanging their points for Bonvoy points and then using those Bonvoy points to stay in New York City at Marriott hotels,” said CEO John Geller. When travelers use points that way, the company can't always fill the timeshare units left vacant. Having guests go to timeshare clubs instead is more consistently lucrative. Marriott Vacations Worldwide has picked Waikiki, Charleston, and Savannah as places to open its next city clubs. Not Resorts One complexity of opening timeshares in cities is that it's impractical to translate the resort concept
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VAC
News
- Marriott Vacations Worldwide Recognized with Multiple Awards at ARDA Spring Conference 2024 [Yahoo! Finance]Yahoo! Finance
- Marriott Vacations Worldwide Recognized with Multiple Awards at ARDA Spring Conference 2024Business Wire
- Marriott Vacations gains after Impactive Capital discloses sizable stake [Seeking Alpha]Seeking Alpha
- Marriott Vacations Worldwide Corporation Announces First Quarter Earnings Release and Conference CallBusiness Wire
- The Marriott Vacation Clubs™ Announces Expanding City Collection With New Waikiki Property Now Open for Booking [Yahoo! Finance]Yahoo! Finance
VAC
Earnings
- 2/21/24 - Beat
VAC
Sec Filings
- 4/19/24 - Form SC
- 4/2/24 - Form 8-K
- 3/27/24 - Form DEFA14A
- VAC's page on the SEC website