Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation is a vacation company that provides vacation ownership, exchange, rental, and resort and property management services, along with related businesses, products, and services in the United States and globally. The company operates in two segments: Vacation Ownership and Exchange & Third-Party Management. It develops, markets, sells, finances, rents, and manages vacation ownership and related products under well-known brands such as Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club, and Ritz-Carlton Club. Additionally, it holds a non-exclusive right to develop, market, and sell whole ownership residential products under the Ritz-Carlton Residences brand and has a license to use the St. Regis brand for specified fractional ownership products. Through its Interval International and Aqua-Aston businesses, it offers exchange network and membership programs, as well as management services to other resorts and lodging properties.

Marriott Vacations Worldwide Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol VAC. The company trades in United States Dollars (USD), which is the currency of its home country. As a US-based company, its financial reporting and stock trading are conducted in USD, making it accessible to investors through the NYSE, one of the world's largest stock exchanges.

Marriott Vacations Worldwide Corporation operates in the Consumer Cyclical sector, specifically within the Resorts & Casinos industry. This classification reflects the company's focus on vacation ownership and resort-related services, which are tied to consumer discretionary spending. As a player in the Resorts & Casinos industry, the company caters to travelers and vacationers, offering products and services that are sensitive to economic cycles. Its business includes developing and managing vacation ownership properties, exchange networks, and rental services, all of which fall under the broader consumer cyclical umbrella.

Marriott Vacations Worldwide Corporation is headquartered in Orlando, Florida, United States. The company serves both the United States and global markets, providing vacation ownership, exchange, rental, and resort management services worldwide. Founded in 1984, it has built a strong presence in the vacation industry, with a portfolio of brands that include Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club, and Ritz-Carlton Club, among others. Its operations span across multiple countries, leveraging its exchange network and management services to reach a broad customer base.

Marriott Vacations Worldwide Corporation generates revenue primarily through its two segments: Vacation Ownership and Exchange & Third-Party Management. In the Vacation Ownership segment, the company develops, markets, sells, finances, and manages vacation ownership products under brands like Marriott Vacation Club and Hyatt Vacation Club. It also provides financing for consumer purchases of these products. In the Exchange & Third-Party Management segment, it operates exchange networks and membership programs through Interval International, and offers management services to other resorts and lodging properties via Aqua-Aston. Additionally, the company rents vacation ownership inventory, generating rental income. By selling upper upscale tier vacation ownership products through resort-based sales centers and off-site locations, Marriott Vacations captures revenue from both sales and ongoing service fees.