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Sep 30, 2021
Marriott Vacations Q3 2021 Earnings Report
Reported strong occupancies and contract sales near 2019 levels, driving sequential Adjusted EBITDA growth.
Key Takeaways
Marriott Vacations Worldwide reported strong third-quarter results with contract sales near 2019 levels and a 25% sequential increase in Adjusted EBITDA. The company also highlighted a growing number of first-time buyers and a positive start to the fourth quarter.
Consolidated Vacation Ownership contract sales totaled $380 million.
VPG was 24% higher than the third quarter of 2019.
Adjusted EBITDA increased 25% sequentially to $205 million.
First time buyers represented more than 30% of contract sales.
Marriott Vacations
Marriott Vacations
Marriott Vacations Revenue by Segment
Revenue by Segment
Sale of vacation ownership products Revenue
CapyFin.comManagement and exchange Revenue
CapyFin.comRental Revenue
CapyFin.comFinancing Revenue
CapyFin.comCost reimbursements Revenue
CapyFin.com Forward Guidance
The Company projects contract sales of $385 million to $405 million in the fourth quarter of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income