Marriott Vacations Worldwide Reports Strong Q3 2026 Growth and Raises Full-Year Guidance
Marriott Vacations Worldwide Corporation (VAC) delivered robust third-quarter results, highlighted by a 29% increase in contract sales to $565 million. This growth was primarily driven by a significant rise in average transaction size and improved sales execution, resulting in Volume Per Guest (VPG) increasing 30% year-over-year to $4,822. Despite absorbing $5 million in losses due to Hurricane Lowell's impact on the Sheraton Kauai Resort, adjusted EBITDA rose 27% to $216 million. Reflecting this momentum, management raised its full-year guidance for both contract sales and adjusted EBITDA. The company also demonstrated improved financial health by reducing net corporate leverage to 3.6 times, the lowest level in six quarters. While exchange revenue saw a slight decline, overall profitability was bolstered by nearly doubling development profits and strategic product pricing increases.
Tickers: $VAC
Topics: contract sales growth EBITDA guidance raise hurricane impact leverage reduction