Marriott Vacations Worldwide Corp (VAC) is a leading global company that specialises in vacation ownership, providing vacation experiences and related products across a diverse portfolio of over 60 resorts and more than 12,000 vacation ownership villas and other accommodations throughout the U.S., Caribbean, Europe, Asia, and Australia. Incorporated in 2011 and headquartered in Orlando, Florida, Marriott Vacations Worldwide's stock is listed on the New York Stock Exchange under the ticker symbol "VAC".
Marriott Vacations Worldwide initially emerged as a spin-off from Marriott International, with the goal of focusing on the company's vacation ownership business. Today, the firm operates under three primary brands: Marriott Vacation Club, Sheraton Vacation Club, and Westin Vacation Club. The company also manages an upscale ownership program under the Ritz-Carlton Destination Club brand and has a partner relationship with Hyatt Residence Club.
Marriott Vacations Worldwide is in the business of selling, marketing, managing, and financing vacation ownership products under its array of high-end brands, making them an industry leader in timeshare and property management. Additionally, the company offers exchange networks allowing owners to trade their vacation time for stays at other locations through Interval International, a major provider of vacation services.
Furthermore, Marriott Vacations Worldwide is committed to the highest ethical standards, championing a culture that empowers its associates while taking great care to maintain the integrity of the natural and architectural beauty of its sites around the globe. It has also incorporated sustainable practices and initiated various programs to foster the conservation of environmental resources.
Financially, Marriott Vacations Worldwide has been performing well in the stock market with steady growth being registered over the past years. The company reaped over $3 billion in total revenue in 2019, illustrating its strong financial standing and operational efficiency.
In their core, Marriott Vacations Worldwide allows people to vacation in the comfort of a home environment with all the amenities of a hotel stay. By providing rich vacation experiences and maintaining a diverse, luxury portfolio, Marriott Vacations Worldwide ensures its position as a renowned player in the global hospitality industry.