Marriott Vacations Worldwide Corporation VAC

Company Overview

Marriott Vacations Worldwide Corporation (NYSE: VAC) is a U.S.-based vacation ownership, exchange, rental, and resort management company that operates in the hospitality and leisure industry. The company develops, markets, sells, and manages vacation ownership products and related services under globally recognized travel brands through long-term licensing agreements. Its primary activities include timeshare sales, vacation exchange networks, property management, financing for vacation ownership purchasers, and travel-related services. The company serves leisure travelers, vacation ownership members, exchange subscribers, and affiliated resort owners across multiple income segments and travel preferences.

The company’s principal revenue drivers include vacation ownership interval sales, financing income from consumer loans, management and exchange fees, rental revenue, and recurring annual maintenance fees. Marriott Vacations Worldwide was formed in 2011 as a spin-off from Marriott International’s timeshare operations and has expanded significantly through acquisitions, most notably the acquisition of ILG, Inc. in 2018. The company operates several major vacation ownership brands, including Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Vacation Club, giving it a broad presence across premium hospitality and vacation ownership markets.