Marriott Vacations Raises Q2 Contract Sales Outlook

Marriott Vacations Worldwide Corp VAC has raised its second-quarter contract sales guidance to $345 million-$355 million, from previously stated guidance of $320 million-$340 million.
Occupancies and tours continued to grow sequentially in the second quarter from the first quarter, and volume per guest (VPG) remained well above the 2019 levels.
Combined Owner and Preview reservations on the books for the second half of 2021 are 15% higher than in 2019.
The Company will report financial results for Q2 2021 on or about July 28, 2021.
Price action: VAC shares traded higher by 1.87% at $163.24 on the last check Wednesday.

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