Hilton Grand Vacations Reports Q3 2026 Results with Lowered Full-Year Guidance
Hilton Grand Vacations (HGV) reported third-quarter results that missed internal expectations, primarily driven by an 11% decline in contract sales and a 12% drop in Volume Per Guest. CEO Mark Wang attributed the performance to internal sales execution challenges and increased macroeconomic pressure on consumer spending. While total revenues reached $1.961 billion—bolstered by a $536 million construction recognition from the Ka Haku project—the core real estate segment faced significant headwinds. Despite these challenges, the company saw growth in its financing revenue (up 16%) and its HGV Max membership base, which grew 20% year-over-year. However, due to the sales slump, management lowered its full-year adjusted EBITDA guidance to a range of $1.165 billion to $1.180 billion. The company continues to manage liquidity through share repurchases and inventory recapture strategies while navigating higher operating deleverage.
Tickers: $HGV
Topics: Adjusted EBITDA Contract Sales Liquidity Revenue Share Repurchases