Marriott Vacations Worldwide Corporation Provides Business Update
The Company is also providing an update to its fourth quarter operational guidance:
- Quarter-to-date contract sales were
$118 millionwith November improving slightly over October. As a result, the Company continues to expect fourth quarter contract sales to be between $160 millionand $185 million, a roughly 15% to 30% sequential improvement;
- VPG continues to be strong and higher sequential tour volume is expected to drive higher fourth quarter contract sales compared to the third quarter;
Hawaiireopened on October 15and occupancy trends have been encouraging thus far though Kauai's14-day quarantine rule effective December 2may temper fourth quarter trends; and
- Exchange transactions at
Interval Internationalincreased nearly 10% quarter-to-date compared to the prior year.
A live webcast of today's fireside chat will be available in the Investor Relations section of the company's website at ir.mvwc.com.
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Neal Goldner, Investor Relations, Marriott Vacations Worldwide, 407.206.6149, firstname.lastname@example.org; or Ed Kinney / Jacqueline V. Ader-Grob, Corporate Communications, Marriott Vacations Worldwide, 407.206.6278 / 407.513.6950, email@example.com, firstname.lastname@example.org