Marriott Vacations Q4 2020 Earnings Report
Key Takeaways
Marriott Vacations Worldwide reported a net loss attributable to common shareholders of $37 million, or $0.88 loss per fully diluted share, for the fourth quarter of 2020. However, the company saw sequential growth in occupancy and exchange transactions, with contract sales increasing 27% from the third quarter. Adjusted EBITDA was $72 million.
Consolidated Vacation Ownership contract sales totaled $178 million, up 27% sequentially.
Net loss attributable to common shareholders was $37 million, or $0.88 loss per fully diluted share.
Adjusted net loss attributable to common shareholders was $3 million and adjusted fully diluted loss per share was $0.05.
Adjusted EBITDA was $72 million.
Marriott Vacations
Marriott Vacations
Forward Guidance
The Company expects Consolidated Vacation Ownership contract sales to be between $190 million and $210 million in the first quarter of 2021.