Marriott Vacations Worldwide Sees Surge in Resort Condo Usage
Photo Credit: A Marriott Vacation Club property. Source: Marriott Vactions. Marriott Vacations Worldwide
Skift Take
Marriott Vacations execs argue that vacation ownership will prove popular during inflationary times because the timeshare model lets you essentially lock in prices for future trips. The company's about to find out if that's true.
Timeshare operator Marriott Vacations Worldwide saw its profit and revenue surge thanks to the U.S. summer boom in post-pandemic tourism providing stronger positive effects than Hurricane Ian's strike on Florida, which disrupted some resorts in September, and rising economic uncertainty.
In the third quarter, Marriott Vacations Worldwide ran at 90 percent occupancy, and tours were just 5 percent below its pre-pandemic flow. The company — whose brands include Marriott Vacation Club and Hyatt Residence Club — generated a n
