Marriott Vacations Worldwide Provides Hurricane Dorian Update
The company's current assessment is that the physical damage resulting from Hurricane Dorian to the resorts and sales centers operated by the company was minimal. However, mandatory evacuations resulted in resort and sales center closures for several days at multiple locations and flight interruptions and cancellation of reservations and scheduled tours further impacted sales operations. The company expects contract sales in the third quarter to be adversely impacted by approximately
Information included in this communication, and information which may be contained in other filings with the
Forward-looking statements include, among other things, the information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, and the effects of competition. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "might," "should," "could" or the negative of these terms or similar expressions.
Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. You should not put undue reliance on any forward-looking statements in this communication. We do not have any intention or obligation to update forward-looking statements after the date of this communication, except as required by law.
We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including volatility in the economy and the credit markets, changes in supply and demand for vacation ownership and residential products, competitive conditions, the availability of capital to finance growth, and other matters referred to under the heading "Risk Factors" contained in the company's most recent Annual Report on Form 10-K filed with the
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Neal Goldner; Investor Relations; Marriott Vacations Worldwide; 407.206.6149; firstname.lastname@example.org OR Ed Kinney; Corporate Communications; Marriott Vacations Worldwide; 407.206.6278; email@example.com