Resort management and other services revenues totaled $ 62 million, a 9 percent increase over the second quarter of 2011,
reflecting higher management fees, higher fees in connection with the company's Marriott Vacation Club Destinations program, and higher ancillary revenues from food and beverage and golf operations.
Not exact matches
The decrease in net revenues compared with the third quarter of 2010 was due to lower incentive
fees, partially offset by
higher management and other
fees, primarily
reflecting higher average assets under
management.
Results
reflected higher annual
fees in connection with the company's Marriott Vacation Club Destinations program,
higher management fees, and improvements in ancillary operations.
Incentive
management fees increased 18 percent
reflecting higher property - level profit due to worldwide REVPAR increases and continued cost control, as well as international unit growth.
You won't pay an annual
fee for Active Plus, but,
reflecting the additional costs of active
management, the portfolios» average expense ratios are
higher than those of typical packages that are based on index funds.