Sentences with phrase «of vacation ownership products»
We generate most of our revenues from four primary sources: selling vacation ownership products; managing our resorts; financing consumer purchases of vacation ownership products; and renting vacation ownership inventory.
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Revenue from the sale of vacation ownership products increased $ 5 million to $ 122 million in the second quarter, driven mainly by the $ 13 million increase in contract sales, partially offset by $ 9 million of unfavorable year - over-year revenue reportability.
Outlook For the full year 2012, the company is increasing its adjusted free cash flow guidance to reflect the favorable terms of the notes receivable securitization, the impact of lower financing propensity which results in a higher percentage of cash sales as compared to financed sales of vacation ownership products, as well as reduced real estate inventory needs.
These results reflected lower cost of vacation ownership products sold as well as improvements in marketing and sales costs, partially offset by the decrease in revenue from lower contract sales.
Total revenues declined $ 1 million to $ 21 million, primarily reflecting lower revenues from the sale of vacation ownership products.
In addition, the company aligned its assessment of collectibility of the transaction price for sales of vacation ownership products with its credit granting policies.
This increase was driven by higher total company contract sales, higher revenue reportability year - over-year, lower cost of vacation ownership products and lower marketing and sales expenses as a percentage of revenue.
These increases were partially offset by lower revenue from the sale of vacation ownership products primarily due to revenue reportability and lower financing revenues from lower interest income on a declining notes receivable portfolio.
Revenues from the sale of vacation ownership products, net of expenses, were $ 12 million, $ 5 million lower than the first quarter of 2011 on an adjusted basis and $ 3 million lower than the first quarter of 2011 on an as reported basis, primarily from the impact of revenue reportability.
This increase was driven by higher contract sales, higher revenue reportability year - over-year and lower cost of vacation ownership products.
Total revenues in this segment declined $ 2 million to $ 18 million reflecting lower revenues from the sale of vacation ownership products.
«We also made significant progress toward improving our margin on the sale of vacation ownership products, or what we call development margin, and are well on our way toward our targeted development margin of over 12 percent for the year.
Revenues from the sale of vacation ownership products increased $ 12 million to $ 126 million in the first quarter, driven mainly by the $ 9 million increase in contract sales and $ 3 million of higher year - over-year revenue reportability.
Not exact matches
About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global pure - play vacation ownership company, offering a diverse portfolio of quality products, programs and management expertise with over 65 resorts.
Since entering the industry in 1984 as part of Marriott International, Inc., the company earned its position as a leader and innovator in vacation ownership products.
About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is the leading global pure - play vacation ownership company offering a diverse portfolio of quality products, programs and management expertise with more than 60 resorts and more than 420,000 Owners and Members.
About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global pure - play vacation ownership company, offering a diverse portfolio of quality products, programs and management expertise with 62 resorts.
Marriott Vacations Worldwide Corporation is a leading global pure - play vacation ownership company, offering a diverse portfolio of quality products, programs and management expertise with over 65 resorts.
We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including volatility in the economy and the credit markets, supply and demand changes for vacation ownership and residential products, competitive conditions; the availability of capital to finance growth, and other matters referred to under the heading «Risk Factors» contained in our Annual Report on 10 - K for the year ended December 30, 2011 filed with the U.S. Securities and Exchange Commission (the «SEC») and in subsequent SEC filings, any of which could cause actual results to differ materially from those expressed in or implied in this presentation.
About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global pure - play vacation ownership company offering a diverse portfolio of quality products, programs and management expertise with more than 60 resorts and more than 420,000 Owners and Members.
We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including volatility in the economy and the credit markets, supply and demand changes for vacation ownership and residential products, competitive conditions; the availability of capital to finance growth, and other matters referred to under the heading «Risk Factors» contained in the Information Statement filed as an exhibit to our Annual Report on Form 10 - K for the year ended December 30, 2011 filed with the U.S. Securities and Exchange Commission (the «SEC») and in subsequent SEC filings, any of which could cause actual results to differ materially from those expressed in or implied in this presentation.
About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global pure - play vacation ownership company, offering a diverse portfolio of quality products, programs and management expertise.
The company cautions you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including volatility in the economy and the credit markets, supply and demand changes for vacation ownership and residential products, competitive conditions; the availability of capital to finance growth, and other matters referred to under the heading «Risk Factors» contained in the company's most recent Annual Report on Form 10 - K filed with the U.S Securities and Exchange Commission (the «SEC») and in subsequent SEC filings, any of which could cause actual results to differ materially from those expressed in or implied in this press release.
Marriott Vacations Worldwide will be the exclusive developer and manager of vacation ownership and related products under the Marriott brand and the exclusive developer of vacation ownership and related products under the Ritz - Carlton brand.
Comprised of restaurants, casinos, hotels and resorts, vacation ownership, cruise ship experiences, consumer products and Radio Margaritaville on Sirius / XM, Margaritaville delivers a tropical experience where guests can enjoy the sights, sounds and tastes of their favorite destination regardless of their current latitude.
«The introduction of a product that is going to attract a younger generation of timeshare buyers is crucial to the future growth of the shared - vacation ownership market, and Enotel Plus, an all - inclusive package at a luxury resort, will appeal to this demographic,» Manikis continued.
As the world's largest developer and marketer of flexible, points - based vacation ownership products, Wyndham Vacation Ownership has developed or acquired more than 220 vacation ownership revacation ownership products, Wyndham Vacation Ownership has developed or acquired more than 220 vacation ownership rownership products, Wyndham Vacation Ownership has developed or acquired more than 220 vacation ownership reVacation Ownership has developed or acquired more than 220 vacation ownership rOwnership has developed or acquired more than 220 vacation ownership revacation ownership rownership resorts...