Marriott Vacations Worldwide VAC Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | |||||
| Exchange & Third-Party Management | $5M-28.6% | $7M-50.0% | $14M-39.1% | $23M— | |
| Vacation Ownership | $1.72B+0.4% | $1.71B+8.9% | $1.57B+13.6% | $1.38B— | |
| Revenue from contracts with customers by Business | |||||
| Exchange & Third-Party Management | $213M-7.8% | $231M-11.8% | $262M-10.0% | $291M-9.1% | |
| Vacation Ownership | $4.81B+1.6% | $4.73B+5.9% | $4.47B+2.9% | $4.34B+22.7% | |
| Adjusted Earnings Before Income Taxes Depreciation And Amortization by Business | |||||
| Exchange & Third-Party Management | $91M-10.8% | $102M-21.5% | $130M-12.2% | $148M+2.8% | |
| Vacation Ownership | $868M+2.4% | $848M-4.0% | $883M-14.5% | $1.03B+47.8% | |
| Financing by Business | |||||
| Exchange & Third-Party Management | $0— | $0— | $0— | $0— | |
| Vacation Ownership | -$150M+29.9% | -$214M-89.4% | -$113M-50.7% | -$75M-128% | |
| D&A by Business | |||||
| Exchange & Third-Party Management | $24M-14.3% | $28M-9.7% | $31M0.0% | $31M-35.4% | |
| Vacation Ownership | $106M+6.0% | $100M+7.5% | $93M+1.1% | $92M+3.4% | |
| Capital expenditures (including inventory) by Business | |||||
| Exchange & Third-Party Management | $0-100% | $2M— | $0— | $0— | |
| Vacation Ownership | $302M+27.4% | $237M+38.6% | $171M-6.0% | $182M— | |
| Revenue from contracts with customers by Product | |||||
| Ancillary revenues | $276M+2.2% | $270M+5.1% | $257M+4.9% | $245M+28.3% | |
| Exchange and other services revenues | $358M-0.3% | $359M+1.1% | $355M-8.3% | $387M-21.5% | |
| Management and exchange | $860M+2.0% | $843M+3.7% | $813M-1.7% | $827M-3.3% | |
| Management Service | $226M+5.6% | $214M+6.5% | $201M+3.1% | $195M+14.0% | |
| Rental | $650M+0.8% | $645M+13.0% | $571M+3.6% | $551M+13.4% | |
| Sale of vacation ownership products | $1.46B+1.1% | $1.45B-0.8% | $1.46B-9.8% | $1.62B+40.3% | |
| Interest Income by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $293M+1.7% | $288M+4.3% | $276M+13.6% | $243M+11.0% | |
| Non-securitized | $56M+30.2% | $43M+19.4% | $36M-12.2% | $41M+2.5% | |
| Expenses by Product | |||||
| Management and exchange | $476M-1.2% | $482M+9.0% | $442M-0.5% | $444M-14.8% | |
| Rental | $523M+8.7% | $481M+6.4% | $452M+18.3% | $382M+11.0% | |
| Sale of vacation ownership products | $184M-8.0% | $200M-10.7% | $224M-22.5% | $289M+15.6% | |
| Vacation ownership notes receivable by Product | |||||
| Hyatt Vacation Ownership | $1.19B+7.4% | $1.11B— | —— | —— | |
| Interest income - securitized vacation ownership notes receivable | $8.86B+1.5% | $8.72B+3.1% | $8.46B+39.8% | $6.05B+28.4% | |
| Marriott Vacation Ownership | $10.68B+8.2% | $9.87B— | —— | —— | |
| Non-securitized | $3.3B+17.0% | $2.82B+16.7% | $2.41B+23.3% | $1.96B+12.2% | |
| Range of stated interest rates by Product | |||||
| Interest income - securitized vacation ownership notes receivable | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | 87.6%+4.4pp | |
| Non-securitized | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | 87.6%+3.9pp | |
| Vacation ownership notes receivable, net by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $7.99B+1.1% | $7.9B+2.3% | $7.72B+10.4% | $6.99B+10.6% | |
| Non-securitized | $2.31B+25.6% | $1.84B+9.6% | $1.68B-0.8% | $1.69B-2.8% | |
| Vacation ownership notes receivable, net of reserves by Product | |||||
| Eligible for securitization | $403M+51.5% | $266M-1.1% | $269M-28.8% | $378M-40.3% | |
| Interest income - securitized vacation ownership notes receivable | $7.72B+1.0% | $7.64B+2.5% | $7.45B+10.0% | $6.77B+10.5% | |
| Non-securitized | $2.3B+25.8% | $1.83B+9.3% | $1.67B+0.1% | $1.67B-1.7% | |
| Not eligible for securitization | $1.9B+21.4% | $1.56B+11.3% | $1.4B+8.6% | $1.29B+21.2% | |
| Investment in notes receivable on non-accrual status by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $80M-14.0% | $93M-7.0% | $100M+61.3% | $62M+37.8% | |
| Non-securitized | $677M+3.7% | $653M+19.4% | $547M+11.9% | $489M-12.7% | |
| Securitizations by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $208M+7.8% | $193M-8.5% | $211M+59.8% | $132M— | |
| Non-securitized | -$208M-7.8% | -$193M+8.5% | -$211M-59.8% | -$132M— | |
| Time sharing transactions reserve by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $1.12B+6.3% | $1.06B+10.5% | $955M+33.9% | $713M+48.9% | |
| Non-securitized | $982M+1.4% | $968M+36.3% | $710M+0.9% | $704M-13.7% | |
| Defaulted vacation ownership notes receivable repurchase activity by Product | |||||
| Interest income - securitized vacation ownership notes receivable | -$150M+0.7% | -$151M-43.8% | -$105M-52.2% | -$69M-6.2% | |
| Non-securitized | $150M-0.7% | $151M+43.8% | $105M+52.2% | $69M+6.2% | |
| Increase in vacation ownership notes receivable reserve by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $51M-3.8% | $53M+32.5% | $40M-14.9% | $47M+95.8% | |
| Non-securitized | $168M-22.9% | $218M+16.0% | $188M+59.3% | $118M+51.3% | |
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff by Product | |||||
| Hyatt Vacation Ownership | $36M+9.1% | $33M— | —— | —— | |
| Marriott Vacation Ownership | $183M+10.2% | $166M— | —— | —— | |
| Write-offs by Product | |||||
| Interest income - securitized vacation ownership notes receivable | $0— | $0— | $0— | $0— | |
| Non-securitized | $219M+10.1% | $199M+47.4% | $135M-0.7% | $136M+72.2% | |
| Clean-up call by Product | |||||
| Non-Securitized | $99M+23.8% | $80M-19.2% | $99M+168% | $37M+208% | |
| Securitized | -$99M-23.8% | -$80M+19.2% | -$99M-168% | -$37M-208% | |
| Number of vacation ownership units, acquisition pending by Geography | |||||
| Bali, Indonesia | 1280.0% | 128— | —— | —— | |
| Nashville, Tennessee | 672— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Marriott Vacations Worldwide break its business down?
- Marriott Vacations Worldwide (VAC) reports segment reporting, other segment item, amount by business across 2 parts — Exchange & Third-Party Management and Vacation Ownership. Each is extracted from the segment footnotes and tracked over time.
- Where does Marriott Vacations Worldwide's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Marriott Vacations Worldwide's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.