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Jun 30, 2021
Hilton Grand Vacations Q2 2021 Earnings Report
Hilton Grand Vacations' Q2 2021 results were reported, showing a recovery driven by increased tour flow and strong buyer behavior.
Key Takeaways
Hilton Grand Vacations reported a strong second quarter in 2021, with total revenues of $334 million, net income of $9 million, and adjusted EBITDA of $70 million. The company saw a significant increase in tour flow and contract sales, and the acquisition of Diamond Resorts is expected to close imminently.
Contract sales in the second quarter were $259 million.
Member count increased for the fourth straight quarter, and Net Owner Growth (NOG) for the 12 months ended June 30, 2021 returned to growth, at 0.5%.
Total revenues for the second quarter were $334 million compared to $123 million for the same period in 2020.
Net income for the second quarter was $9 million compared to ($48) million net loss for the same period in 2020.
Hilton Grand Vacations
Hilton Grand Vacations
Forward Guidance
The transaction is expected to close in early August 2021, and remains subject to customary closing conditions.