Hilton Grand Vacations Q2 2023 Earnings Report
Key Takeaways
Hilton Grand Vacations reported a strong second quarter with increased total revenues of $1,007 million compared to $948 million in the same period last year. Net income increased to $80 million from $73 million year-over-year, and the member count reached 522,000. The company reiterated its 2023 guidance for adjusted EBITDA excluding deferrals and recognitions.
Total contract sales were $612 million.
Member count reached 522,000.
Total revenues increased to $1,007 million compared to $948 million in the same period in 2022.
Net income increased to $80 million compared to $73 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.