Articles from Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the fourth quarter 2024 after the market closes on Wednesday, February 26. A conference call will follow at 8:30 a.m. ET on Thursday, February 27 to discuss the Company’s results.

Marriott Vacations Worldwide Corporation (NYSEVAC) is proud to announce it has once again been named to Fortune’s list of World’s Most Admired Companies, ranking among companies with the strongest reputations across industries.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.79 per share of common stock, an increase of 4% over the Company’s prior dividend.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company”) today announced that Scott Weisz has been promoted to Executive Vice President, Strategic Business Operations at the Company. As a member of the Company’s Executive Committee, Weisz now reports directly to John Geller, President and Chief Executive Officer. In his role, Weisz will lead the enterprise’s work to accelerate core and new product growth, as well as help drive additional operating efficiencies through continued business modernization.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW,” the “Company,” “we” or “our”) reported third quarter 2024 financial results.

Today, Marriott Vacations Worldwide (MVW), a leading global vacation company, announced a $50,000 donation in charitable gifts to Kapi’Olani Medical Center for Women & Children, Maui Food Bank and Treecovery Hawai‘i. Timed with the opening of its 12th property in Hawai’i, the donation highlights MVW’s commitment to support missions focused on children’s wellness, fighting food insecurity and conservation.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the third quarter 2024 after the market closes on Wednesday, November 6. A conference call will follow at 8:30 a.m. ET on Thursday, November 7, to discuss the Company's results.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announced today the completion of a $445 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2024-2 LLC (the “Issuer”). The notes have a blended interest rate of 4.52% and a gross advance rate of 98%.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock. The dividend is payable on or around October 3, 2024, to stockholders of record as of the close of business on September 19, 2024.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW,” the “Company,” “we” or “our”) reported second quarter 2024 financial results.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the second quarter 2024 after the market closes on Wednesday, July 31. A conference call will follow at 8:30 a.m. ET on Thursday, August 1, to discuss the Company's results.

Marriott Vacations Worldwide Corporation (NYSEVAC) announced today that Jason Marino, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley 2nd Annual Travel & Leisure Conference on June 4, 2024 at 2:25 p.m. ET.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW,” the “Company,” “we” or “our”) reported first quarter 2024 financial results.

Marriott Vacations Worldwide (NYSEVAC), a leading global vacation company, is granting its 100th wish as part of its two-year partnership with Make-A-Wish. This sponsorship grants incredible vacation experiences to wish kids and their families at our exciting Vacation Club resorts.

Marriott Vacations Worldwide Corporation (NYSEVAC), a leading global vacation company with a portfolio of trusted, globally recognized travel brands, is proud to announce it has been honored with 11 awards by the American Resort Development Association (ARDA), a nonprofit trade association that advocates for the timeshare industry.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the first quarter 2024 after the market closes on Monday, May 6. A conference call will follow at 8:30 a.m. ET on Tuesday, May 7 to discuss the Company’s results.

The Marriott Vacation Clubs™, a portfolio of vacation ownership brands operated by Marriott Vacations Worldwide (NYSEVAC), understands there is a difference between visiting a city and seeing its sites, and truly experiencing it by discovering its secrets. With that in mind, today the company announces The Marriott Vacation Clubs City Collection. This collection consists of Marriott Vacation Club® branded properties, including those formerly branded as Marriott Vacation Club Pulse, in seven vibrant cities with expansion plans that will also include other branded vacation club properties in highly sought after urban areas.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announced today the completion of a $430 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2024-1 LLC (the “Issuer”). The notes have a blended interest rate of 5.48% and the gross advance rate was 98%.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced that John Geller, President and Chief Executive Officer, and Jason Marino, Executive Vice President and Chief Financial Officer, will participate in a live fireside chat at the 2024 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas, Nevada on Thursday, March 14, at 3:50 p.m. PDT.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) reported financial results for the fourth quarter and full year 2023 and provided guidance for full year 2024.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announces that for the first time, Fortune has named the Company among its 26th annual World’s Most Admired Companies list for 2024. Companies that enjoy the strongest reputations within their industries and across industries are considered for the list.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the fourth quarter 2023 after the market closes on Wednesday, February 21. A conference call will follow at 8:30 a.m. ET on Thursday, February 22, to discuss the Company's results.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announces today a new organizational structure aimed at driving long-term, sustainable growth across its vacation ownership business, exchange and third-party management segment and future travel-related products and services.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announced today the appointment of Mary E. Galligan to its Board of Directors effective January 1, 2024. Ms. Galligan joins the MVW Board following a 35-year career in technology and cybersecurity, government relations and risk management.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock, an increase of more than 5% over the Company’s prior dividend.

Marriott Vacations Worldwide Corporation (NYSEVAC) announced today that John Geller, President and Chief Executive Officer, and Jason Marino, Executive Vice President and Chief Financial Officer, will host a fireside chat session at the Barclays Eat, Sleep, Play Conference on November 28, 2023 at 10:15 a.m. ET.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announced today the completion of a $450 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2023-2 LLC (the “Issuer”). The notes have a blended interest rate of 6.49% and the gross advance rate was 98%.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) reported third quarter 2023 financial results.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report third quarter 2023 financial results after the market closes on Wednesday, November 1. A conference call will follow at 8:30 a.m. ET on Thursday, November 2, to discuss the Company's results.

Newsweek today announced Marriott Vacations Worldwide, a leader in leisure travel with a portfolio of trusted, globally recognized travel brands and vacation clubs, has been ranked first on Newsweek’s Top 100 Most Loved Workplaces® list, along with being named No. 1 in hospitality and No. 1 most respected Company. The 2023 Top 100 Most Loved Workplaces® are a collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research Company.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) provided an update today on the anticipated business impact of the Maui wildfires on its operations and financial results. The Company operates four vacation ownership resorts and sales centers in West Maui representing more than 10% of its annual contract sales. In addition, its Aqua-Aston Hospitality property management business manages five properties in West Maui.

Hyatt Vacation Club, a rebranded offering of enhanced vacation experiences, launched across 22 branded resorts and with vacation options around the globe. Hyatt Vacation Club, a brand operated by an affiliate of MVW, connects former Hyatt Residence Club properties, the former Welk Resort properties, and different vacation ownership programs under a common brand, extending residential-style retreats to help travelers unlock the power of vacations. The refreshed Hyatt Vacation Club experience provides owners and guests with carefully curated portfolios of resorts, amenities, and travel offerings, including the ability to redeem World of Hyatt points, all designed to create unforgettable vacation memories.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company”) reported second quarter 2023 financial results.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company”) today announced Jason Marino has been named Executive Vice President and Chief Financial Officer effective September 30. He will succeed Anthony “Tony” Terry, who announced his intent to retire from the Company earlier this year.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report second quarter 2023 financial results after the market closes on Wednesday, August 2. A conference call will follow at 8:30 a.m. ET on Thursday, August 3, to discuss the Company's results.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the "Company") today announced that Raman Bukkapatnam will join the Company as Chief Information Officer, effective July 10, 2023. As a member of the Company’s Executive Committee, Bukkapatnam will report directly to John Geller, President and Chief Executive Officer. In his role, Bukkapatnam will be responsible for leading the enterprise’s global technology strategy, transformation, and modernization.

Marriott Vacations Worldwide (NYSEVAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands, is proud to announce it has been certified as a Most Loved Workplace® backed by Best Practice Institute for the second year in a row and recognized by U.S. News & World Report among its inaugural 200 Best Companies to Work For.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the "Company") today announced that its Board of Directors increased its share repurchase authorization and declared a quarterly dividend.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company") today announced that Executive Vice President and Chief Financial Officer Anthony “Tony” Terry has decided to retire later this year. The Company is conducting a search for his successor. Mr. Terry plans to stay on as CFO until the role has been filled and the transition period is complete later this year.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company”) reported first quarter 2023 financial results.

Marriott Vacations Worldwide Corporation (NYSEVAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands, is proud to announce it has been honored with 11 awards by the American Resort Development Association (ARDA), a nonprofit trade association that advocates for the timeshare industry.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) announced today the completion of its first timeshare receivable securitization of 2023 (the “2023-1 Securitization”), offered pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. $380 million of notes (the “Notes”) were issued in the transaction, backed by a pool of approximately $388 million of vacation ownership loans from a variety of the Company’s timeshare brands. The transaction was structured with a gross advance rate of 98% and a weighted average interest rate of 5.52%.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the first quarter 2023 after the market closes on Wednesday, May 3. A conference call will follow at 8:30 a.m. ET on Thursday, May 4, to discuss the Company's results.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company”) reported financial results for the fourth quarter and full year 2022 and provided guidance for full year 2023.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock.

Marriott Vacations Worldwide Corporation (NYSEVAC) will report financial results for the fourth quarter 2022 after the market closes on Wednesday, February 22. A conference call will follow at 8:30 a.m. ET on Thursday, February 23, to discuss the Company's results.

Marriott Vacations Worldwide Corporation (NYSEVAC) (“MVW” or the “Company”) today announced the promotion of Stephanie Sobeck Butera to the position of Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership (HVO). Ms. Butera has spent nearly 25 years in the industry developing, operating, and leading mid and upscale leisure products and customer service strategies. Over the course of her career with the Company, Ms. Butera has held leadership roles across sales operations, development, asset management, customer service, inventory management, and financial planning. As part of this appointment, Ms. Butera is now part of the Company’s Executive Leadership Team and continues to report to John E. Geller, Jr., who recently assumed the position of President & Chief Executive Officer at MVW as of January 1, 2023, and Brian Miller, President of Vacation Ownership at MVW.

Marriott Vacations Worldwide (NYSEVAC), a leader in leisure travel with a portfolio of trusted, globally recognized travel brands, is partnering with the University of Central Florida (UCF) to support generations of hospitality students. Marriott Vacations Worldwide (MVW) has established The Stephen P. Weisz Endowed Scholarship for Hospitality Management, which will support students at the UCF Rosen College of Hospitality Management. The endowment is being made in honor of the chief executive officer’s legacy and timed with his upcoming retirement at the end of 2022 following five decades of service and leadership to the company.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company,” “we,” “us” or “our”) announced today the pricing of the offering of $500 million in aggregate principal amount of 3.25% convertible senior notes due 2027 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the initial purchasers of the Notes (the “Initial Purchasers”) an option to purchase up to an additional $75 million aggregate principal amount of the Notes for settlement within a 13-day period beginning on, and including, the initial closing date. The offering of the Notes, and the convertible hedge and warrant transactions described below, are expected to close on December 8, 2022, subject to customary closing conditions.

Marriott Vacations Worldwide Corporation (NYSEVAC) (the “Company,” “we” or “our”) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant to the initial purchasers of the Notes (the “Initial Purchasers”) an option to purchase up to an additional $75 million aggregate principal amount of the Notes for settlement within a 13-day period beginning on, and including, the initial closing date.

Marriott Vacations Worldwide Corporation (NYSEVAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock, an increase of 16% over the Company’s prior dividend.