NYSE:VACHospitality
Marriott Vacations Turnaround Plan Puts Restructuring And Valuation In Focus
Marriott Vacations Worldwide (NYSE:VAC) reported Q1 results alongside a broad restructuring plan that includes leadership changes and cost initiatives.
The company outlined asset sales, including a hotel in Cancun, with proceeds expected by 2027 as part of a turnaround effort.
Management highlighted early signs of sales recovery, citing an 8% rise in April contract sales and a higher full year contract sales outlook.
Marriott Vacations Worldwide focuses on vacation ownership and related...