Marriott Vacations Worldwide (VAC) Raises Q2 Revenue Guidance

June 23, 2021 7:01 AM EDT

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Marriott Vacations Worldwide Corporation (NYSE: VAC) is updating its outlook for its second quarter 2021 results in conjunction with its participation at the Jefferies Virtual Consumer Conference today.

The Company continues to experience a strong recovery during the second quarter, illustrating the resiliency of its leisure focused business model.

  • Occupancies and tours continued to grow sequentially in the second quarter from the first quarter and VPGs remained well above 2019 levels. As a result, the Company now expects contract sales to be $345 million to $355 million in second quarter 2021 versus its previous guidance of $320 million to $340 million, a 55% sequential increase from first quarter 2021 at the midpoint.
  • Combined Owner and Preview reservations on the books for the second half of 2021 are currently more than 15% higher than at the same time in 2019.

The Company will host a fireside chat session today at 9:10 a.m. E.T. 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 30 days following the call.

The Company currently expects to report financial results for the second quarter 2021 on or about July 28, 2021.



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