Hilton Grand Vacations Q1 2021 Earnings Report
Key Takeaways
Hilton Grand Vacations reported a total revenue of $235 million for Q1 2021, compared to $351 million for the same period in 2020. The company experienced a net loss of $7 million, a decrease from the $8 million net income reported in Q1 2020. Adjusted EBITDA for the quarter was $42 million, up from $33 million in the previous year.
Contract sales in the first quarter were $139 million.
Net Owner Growth (NOG) for the 12 months ended March 31, 2021, was (0.1)%.
Total revenues for the first quarter were $235 million compared to $351 million for the same period in 2020.
Adjusted EBITDA for the first quarter was $42 million compared to $33 million for the same period in 2020.
Hilton Grand Vacations
Hilton Grand Vacations
Forward Guidance
The company anticipates the transaction to close during the summer of 2021.