Marriott Vacations Q1 2021 Earnings Report
Key Takeaways
Marriott Vacations Worldwide reported a continued recovery in their business with consolidated vacation ownership contract sales totaling $226 million, and VPG increasing 26% compared to the prior year. Net loss attributable to common shareholders was $28 million, or $0.68 loss per fully diluted share. Adjusted EBITDA was $69 million.
Consolidated Vacation Ownership contract sales totaled $226 million in the first quarter of 2021.
VPG increased 26% compared to the prior year to $4,644.
Net loss attributable to common shareholders was $28 million, or $0.68 loss per fully diluted share.
Adjusted EBITDA was $69 million in the first quarter of 2021.
Marriott Vacations
Marriott Vacations
Forward Guidance
The company expects contract sales to increase to $320 million to $340 million in the second quarter.