Hilton Grand Vacations Q3 2021 Earnings Report
Key Takeaways
Hilton Grand Vacations reported a strong third quarter with total revenues of $928 million, net income of $99 million, and adjusted EBITDA of $340 million. The company's acquisition of Diamond Resorts contributed significantly to the results, with $143 million in contract sales and $89 million in adjusted EBITDA. The integration process is proceeding as planned, and the company is realizing substantial cost synergies.
Contract sales in the third quarter were $433 million.
Legacy-HGV contract sales of $290 million were 81% of Q3 2019 contract sales.
Diamond contributed $143 million during the 59 days of HGV ownership.
Total revenues for the third quarter were $928 million compared to $208 million for the same period in 2020.
Hilton Grand Vacations
Hilton Grand Vacations
Forward Guidance
No specific forward guidance was provided in the document.