Hilton Grand Vacations Inc (N:HGV)
Business Focus: Hotels, Motels & Cruise Lines
| Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6355 Metrowest Blvd Ste 180 ORLANDO FL 32835-7606 |
| Tel: | N/A |
| Website: | https://www.hiltongrandvacations.com |
| IR: | See website |
| Key People | ||
| Daniel Jason Mathewes President, Chief Financial Officer | Mark D. Wang Chief Executive Officer, Director | Gordon S. Gurnik Senior Executive Vice President, Chief Operating Officer |
| Pablo Brizi Chief Human Resource Officer, Executive Vice President and Corporate Affairs | Dustin Tonkin Executive Vice President, Chief Sales and Marketing Officer | Charles R. Corbin Executive Vice President, General Counsel, Secretary, Chief Legal Officer |
| Business Overview |
| Hilton Grand Vacations Inc. is a timeshare company. The Company is engaged in developing, marketing, selling, managing and operating timeshare resorts, timeshare plans and ancillary reservation services, primarily under the Hilton Grand Vacations brand. The Company operates through two segments: Real estate sales and financing and Resort operations and club management. Real estate sales and financing market and sell vacation ownership interests (VOIs). It also sources VOIs through fee-for-service agreements with third-party developers. It provides consumer financing, which includes interest income generated from the origination of consumer loans to customers to finance their purchase of VOIs and servicing the loans. Resort operations and club management segment manage the clubs and earn activation fees, annual dues and transaction fees from member exchanges for other vacation products. Hilton Grand Vacations offers vacation experiences for guests and more than 700,000 club members. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hilton Grand Vacations Inc revenues increased 4% to $3.98B. Net income decreased 11% to $313M. Revenues reflect Resort operations and club management segment increase of 8% to $1.29B, Cost reimbursements segment increase of 30% to $386M. Net income was offset by Interest Expense increase of 25% to $178M (expense), Acquisition and integration-related expe increase of 1% to $68M (expense). |
| Employees: | 15,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,442M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,978M as of Dec 31, 2023 |
| EBITDA (TTM): | $951.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $313.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $237.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,926M as of Dec 31, 2023 |
| Shares outstanding: | 104,744,787 as of Mar 15, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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