Hilton Grand Vacations Q4 2020 Earnings Report
Key Takeaways
Hilton Grand Vacations' Q4 2020 results were significantly impacted by the COVID-19 pandemic, with total revenues decreasing to $212 million and a net loss of $154 million. The results included a non-cash impairment expense of $209 million. However, the company saw sequential revenue and profitability growth since restarting operations and ended the year with a strong liquidity position.
Contract sales were $132 million.
Total revenues were $212 million, compared to $468 million in the same period of 2019.
Net loss was ($154) million, compared to $72 million net income for the same period in 2019.
Adjusted EBITDA was $24 million, compared to $105 million for the same period in 2019.
Hilton Grand Vacations
Hilton Grand Vacations
Hilton Grand Vacations Revenue by Segment
Forward Guidance
Looking ahead, Hilton Grand Vacations is focused on ramping up its Hawaii operations, reopening remaining markets, and opening new resorts in Maui, Charleston, and Okinawa.
Revenue & Expenses
Visualization of income flow from segment revenue to net income