Sentences with phrase «vacation ownership products»

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.

To create vacation ownership products and services for world travelers that provide outstanding resort vacation experiences with the highest client satisfaction in the industry.

Total revenues in this segment declined $ 2 million to $ 18 million reflecting lower revenues from the sale of vacation ownership products.

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.

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.

Development margin as reported was $ 16 million, $ 6 million higher than the second quarter of 2011, driven by reductions in both the cost of vacation ownership products sold and more efficient marketing and sales spending, partially offset by the impact of lower contract sales in the Europe, Luxury and Asia Pacific segments, as well as the impact to the prior year quarter of a true - up to the notes receivable reserve in the Luxury segment.

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.

Second quarter 2012 segment results increased $ 4 million year - over-year to $ 1 million, driven by $ 4 million of higher sale of vacation ownership products net of expenses.

In order to give owners even more options, Silverleaf Resorts now specializes in two distinct vacation ownership products: Getaway Resorts and Destination Resorts.

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 resorts...

Since entering the industry in 1984, we earned its position as a leader and innovator in vacation ownership products.

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.

While company - owned gross contract sales increased $ 13 million in the first quarter, revenue from the sale of vacation ownership products of $ 134 million declined 6 percent from the prior year quarter due to $ 20 million of revenue reportability and $ 2 million of higher notes receivable reserve activity resulting primarily from higher contract sales volumes.

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.

«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.

Total revenues increased $ 13 million from the first quarter of 2012 reflecting higher revenues from the sale of vacation ownership products, rental revenues, resort management and other services revenues and cost reimbursements.

This increase was driven by higher contract sales, higher revenue reportability year - over-year and lower cost of vacation ownership products.

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 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.

Total revenues declined $ 1 million to $ 21 million, primarily reflecting lower revenues from the sale of vacation ownership products.

These increases were partially offset by lower revenue from the sale of vacation ownership products and lower financing revenues from lower interest income on a declining notes receivable portfolio.

«Building on the first quarter's strong performance, we continued to improve our margin from the sale of vacation ownership products, which we refer to as development margin.

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.

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.