Marriott Vacations Worldwide Corp (N:VAC)
Business Focus: Hotels, Motels & Cruise Lines
| Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7812 Palm Parkway ORLANDO FL 32836 |
| Tel: | N/A |
| Website: | https://www.marriottvacationsworldwide.com |
| IR: | See website |
| Key People | ||
| John E. Geller President, Chief Executive Officer, Director | Jason P. Marino Chief Financial Officer, Executive Vice President | Brian E. Miller President of Vacation Ownership |
| Michael E. Yonker Chief Human Resource Officer, Executive Vice President | Raman T. Bukkapatnam Executive Vice President, Chief Information Officer | James H. Hunter Executive Vice President, General Counsel |
| Stephanie Sobeck Butera Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership | Lori M. Gustafson Executive Vice President and Chief Membership & Commercial Services Officer, Chief Brand & Digital Officer | |
| Business Overview |
| Marriott Vacations Worldwide Corporation is a global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company's segments include Vacation Ownership, and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, finances, rents, and manages vacation ownership and related products under its licensed brands. Its brands include Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Residences and Hyatt Vacation Club. The Exchange & Third-Party Management segment is comprised of the Interval International and Aqua-Aston businesses. The Interval International business offers a variety of membership programs and travel related products and the Aqua-Aston business provides property management and rental services to property owners at approximately 25 resorts and lodging properties. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Marriott Vacations Worldwide Corp revenues increased 2% to $4.73B. Net income decreased 35% to $254M. Revenues reflect Vacation Ownership segment increase of 3% to $4.47B, Corporate Expense/Other segment increase of 14% to $1.56B, All Other Country segment increase of 10% to $444M. Net income was offset by Rental increase of 18% to $452M (expense), Impairment increase from $2M to $32M (expense). |
| Employees: | 22,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,344M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,727M as of Dec 31, 2023 |
| EBITDA (TTM): | $722.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $254.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $8.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,897M as of Dec 31, 2023 |
| Shares outstanding: | 35,177,666 as of Mar 11, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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