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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