MARRIOTT VACATIONS WORLDWIDE Corp

Marriott Vacations Worldwide develops, markets, sells, finances, rents, and manages vacation ownership accommodations, exchange networks, and resort properties. The company operates through two business segments: Vacation Ownership, which offers points-based and weeks-based timeshare interests, rentals, financing, and resort management under licensed brands including Marriott, Sheraton, Westin, Hyatt, and The Ritz-Carlton; and Exchange & Third-Party Management, which provides vacation exchange services through Interval International and third-party lodging management via Aqua-Aston. Its offerings primarily cater to leisure travelers and families seeking spacious accommodations and flexible vacation options.

The company operates a global network of 120 vacation ownership resorts serving approximately 700,000 owner families, along with an exchange system connecting more than 3,200 affiliated resorts and 1.5 million members. Vacation ownership interests are marketed across the United States and in 30 countries and territories worldwide through roughly 90 sales locations, including off-site centers in cities such as Orlando, Singapore, and Japan. The provided text does not state the location of the company's corporate headquarters.

Summary of the business section of Marriott Vacations Worldwide's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“In September 2020 we announced a workforce reduction plan that was expected to impact approximately 3,300 associates worldwide as a result of the adverse impact that the COVID-19 pandemic has had on demand for the Company’s products and services.”