Hilton Grand Vacations Inc

NYSE:HGV   12:12:18 PM EDT
32.36
+0.03 (+0.09%)
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Market Cap (Intraday)2.75B
Current PE110.16
Forward PE N/A
2yr Forward PE 19.61
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Estimates Current Quarter
Revenue$250.64 Million
Adjusted EPS$0.02
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10-Day MA$31.91
50-Day MA$29.22
200-Day MA$22.91
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Hilton Grand Vacations Inc. Stock, NYSE:HGV

6355 METROWEST BOULEVARD, SUITE 180, ORLANDO, FL 32835
United States of America
Phone: 407-722-3100
Number of Employees: 8600

Description

Our history dates to 1992 with the joint venture between Hilton Worldwide Holdings Inc. (??Hilton??) and with Grand Vacations, Limited. In 1996, Hilton Grand Vacations became a wholly owned subsidiary of Hilton. During the ensuing years, we expanded our operations and established a track record of innovation in our industry. Unlike the broader timeshare industry, which experienced a contraction in 2008 and 2009 as a result of the overall economic recession, we were able to grow contract sales during the industry downturn and have continued to deliver contract sales growth in each period since, driven by our continued focus on marketing and sales activities, our strong development margins, large-market distribution model, synergies with Hilton, commitment to new owner transactions and lean organizational structure. We are a rapidly growing timeshare company that markets and sells vacation ownership intervals (??VOIs??), manages resorts in top leisure and urban destinations, and operates a points-based vacation club. As of December 31, 2017, we have 48 resorts, representing 8,102 units, are located in iconic vacation destinations such as the Hawaiian Islands, New York City, Orlando and Las Vegas, and feature spacious, condominium-style accommodations with superior amenities and quality service. As of December 31, 2017, we have approximately 288,000 Hilton Grand Vacations Club (the ??Club??) members. Club members have the flexibility to exchange their VOIs for stays at any Hilton Grand Vacations resort or any property in the Hilton system of 14 industry-leading brands across more than 5,000 properties, as well as numerous experiential vacation options, such as cruises and guided tours. Our compelling VOI product allows customers to advance purchase a lifetime of vacations. Because our VOI owners generally purchase only the vacation time they intend to use each year, they are able to efficiently split the full cost of owning and maintaining a vacation residence with other owners. Our customers also benefit from the high-quality amenities and service at our Hilton-branded resorts. Furthermore, our points-based platform offers members tremendous flexibility, enabling us to more effectively adapt to their changing vacation needs over time. Building on the strength of that platform, we continuously seek new ways to add value to our Club membership, including enhanced product offerings, greater geographic distribution, broader exchange networks and further technological innovation, all of which drive better, more personalized vacation experiences and guest satisfaction. As innovators in the timeshare business, we have successfully transformed from a highly capital-intensive business to a capital-efficient model by pursuing an inventory strategy focused on fee-for-service and just-in-time inventory acquisition.