Hilton Grand Vacations delivered a robust 17% increase in contract sales year-over-year, resulting in a record quarterly revenue of $907 million and a near double-digit EBITDA growth, showcasing strong operational execution amid a stable travel environment.
- Adjusted EBITDA reached $302 million, with impressive margins of 24% excluding reimbursements.
- Consolidated tour growth of 2% is indicative of successful strategies in both owner and new buyer channels.
- The active member base expanded significantly with 70,000 additions to the HGV Max program, signaling strong engagement.
- Share repurchases totaled 3.3 million shares at $150 million, reinforcing a commitment to return $600 million to shareholders.
- Momentum is expected to continue into Q4, with guidance for high single-digit contract sales growth remaining intact.
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