Description

Marriott Vacations Worldwide: Portfolio Performance & Loan Delinquency Management Leading To Our Optimism! 

Marriott Vacations Worldwide reported mixed financial results for the second quarter of 2024. The quarter saw slight growth in tours, potentially due to an emphasis on attracting new members, but this was mitigated by a decline in Vacation Ownership Point Generations (VPGs), especially among first-time buyers, which has impacted the overall contract sales negatively. The company highlighted flat VPGs among existing owners, indicating sustained interest and valuation of vacations among this group. Despite this, the new owner segment saw a decline in VPGs by 12%, reflecting potential hesitancy in larger financial commitments against the backdrop of an uncertain economic environment, which the company hopes to address through adjusted sales promotions.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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