Skip to main content

Marriott Vacations Worldwide Reports Fourth Quarter and Full Year

Marriott Vacations Worldwide Reports Fourth Quarter and Full Year 2014 Financial Results and 2015 Outlook

ORLANDO, Fla,  - Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported fourth quarter and full year 2014 financial results and provided its outlook for 2015. Due to the company’s reporting calendar, fourth quarter and full year 2013 financial results included the impact of an additional week compared to 2014.

Fourth quarter 2014 highlights:

  — Adjusted EBITDA totaled $49 million, an increase of $11 million, or 28 percent, year-over-year.
 — Company contract sales were $215 million and North America contract sales were $189 million.
  — Company adjusted development margin was 21.4 percent and North America adjusted development margin was 23.5 percent
  — North America volume per guest (VPG) increased 5 percent year-over-year to $3,255.

Popular posts from this blog

The World’s Biggest Hotel With 10,000 Rooms To Open In Saudi Arabia

Saudi Arabia is all set to built the world’s biggest hotel by 2017. Abraj Kudai hotel is planned to be located at the Manafia area in Makkah’s central zone, only 2.2 km south of the Holy Haram in Makkah, Kingdom of Saudi Arabia

EXCLUSIVE INTERVIEW | Manish Dayya, Area General Manager – Accor Hotel’s – Lavasa Hotels & Convention Centre

Classic Hospitality Training Institute

The first batch of Pradhan Mantri Kaushal Vikas Yojna(PMKVY) was launched by Classic Hospitality Training Institute in colaboration with National Skill Development Corporation to impart vocational training and skills to unemployed youth across the State.