Marriott Vacations Worldwide Corporation (NYSE: VAC) is a vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, including timeshare and related membership products, that provide customers with access to resort accommodations and vacation experiences.
The company operates a portfolio of vacation ownership brands that includes Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Hyatt Vacation Club. Through its acquisition of Welk Resorts, Marriott Vacations Worldwide also expanded its vacation ownership offerings and operates resorts under the Hyatt Vacation Club portfolio. Its services include resort management, vacation planning, owner and member services, and related travel and leisure products.
Marriott Vacations Worldwide serves vacation owners and travelers through resorts and destinations in the United States, the Caribbean, Mexico, Europe, and other international markets. The company also owns Interval International, a vacation exchange and membership services business that enables eligible members to exchange vacation accommodations across a broad network of destinations.
The company was formed through the 2011 spin-off of Marriott International’s vacation ownership business and is headquartered in Orlando, Florida. John E. Geller serves as president and chief executive officer.
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