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Mar 31, 2023
Hilton Grand Vacations Q1 2023 Earnings Report
Hilton Grand Vacations reported first quarter results, demonstrating growth in revenue and adjusted EBITDA.
Key Takeaways
Hilton Grand Vacations reported a strong first quarter in 2023, with total revenues increasing to $934 million compared to $779 million in the same period of 2022. Net income also rose to $73 million from $51 million in the previous year, and Adjusted EBITDA reached $218 million, up from $202 million in 2022.
Total contract sales were $523 million.
Member count reached 519,000 with a Consolidated Net Owner Growth (NOG) of 3.3%.
Net income for the first quarter was $73 million compared to $51 million for the same period in 2022.
Adjusted EBITDA for the first quarter was $218 million compared to $202 million for the same period in 2022.
Hilton Grand Vacations
Hilton Grand Vacations
Forward Guidance
The Company is reiterating its 2023 guidance for Adjusted EBITDA excluding deferrals and recognitions to be in a range of $1,090 million to $1,120 million.