Marriott Vacations Worldwide to Participate at the Morgan Stanley Travel & Leisure Conference
May 31 2024 - 9:00AM
Business Wire
Marriott Vacations Worldwide Corporation (NYSE: VAC) announced
today that Jason Marino, Executive Vice President and Chief
Financial Officer, will participate in a fireside chat at the
Morgan Stanley 2nd Annual Travel & Leisure Conference on June
4, 2024 at 2:25 p.m. ET.
The Company also reaffirmed today its full-year contract sales
guidance of $1.88 billion to $1.93 billion, or up 6% to 9% compared
to the prior year, and expects second quarter contract sales to be
up 2% to 4% compared to the prior year, despite an expected
four-point headwind due to the Maui wildfires.
A live webcast will be available in the Investor Relations
section of the Company’s website at ir.mvwc.com. The webcast will
also be available on the Company’s website for 60 days following
the webcast.
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global
vacation company that offers vacation ownership, exchange, rental
and resort and property management, along with related businesses,
products, and services. The Company has approximately 120 vacation
ownership resorts and approximately 700,000 owner families in a
diverse portfolio that includes some of the most iconic vacation
ownership brands. The Company also operates an exchange network and
membership programs comprised of more than 3,200 affiliated resorts
in over 90 countries and territories, and provides management
services to other resorts and lodging properties. As a leader and
innovator in the vacation industry, the Company upholds the highest
standards of excellence in serving its customers, investors and
associates while maintaining exclusive, long-term relationships
with Marriott International, Inc. and an affiliate of Hyatt Hotels
Corporation for the development, sales and marketing of vacation
ownership products and services. For more information, please visit
www.marriottvacationsworldwide.com.
Note on forward-looking statements
This press release contains “forward-looking statements” within
the meaning of federal securities laws, including statements about
expectations for contract sales. 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,” “guidance” or the negative of these terms or similar
expressions. The Company cautions you that these statements are not
guarantees of future performance and are subject to numerous and
evolving risks and uncertainties that we may not be able to predict
or assess, such as: a future health crisis and responses to a
health crisis, including possible quarantines or other government
imposed travel or health-related restrictions and the effects of a
health crisis, including the short and longer-term impact on
consumer confidence and demand for travel and the pace of recovery
following a health crisis; variations in demand for vacation
ownership and exchange products and services; worker absenteeism;
price inflation; difficulties associated with implementing new or
maintaining existing technology; changes in privacy laws; the
impact of a future banking crisis; impacts from natural or man-made
disasters and wildfires, including the Maui wildfires; global
supply chain disruptions; volatility in the international and
national economy and credit markets, including as a result of the
ongoing conflicts between Russia and Ukraine, Israel and Gaza, and
elsewhere in the world and related sanctions and other measures;
our ability to attract and retain our global workforce; competitive
conditions; the availability of capital to finance growth; the
impact of changes in interest rates; the effects of steps we have
taken and may continue to take to reduce operating costs; political
or social strife; and other matters referred to under the heading
“Risk Factors” in our most recent Annual Report on Form 10-K, and
which may be updated in our future periodic filings with the U.S.
Securities and Exchange Commission. All forward-looking statements
in this press release are made as of the date of this press release
and the Company undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as required by
law. There may be other risks and uncertainties that we cannot
predict at this time or that we currently do not expect will have a
material adverse effect on our financial position, results of
operations or cash flows. Any such risks could cause our results to
differ materially from those we express in forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530878578/en/
Neal Goldner Investor Relations 407-206-6149
neal.goldner@mvwc.com
Cameron Klaus Global Communications 407-513-6606
cameron.klaus@mvwc.com
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