Marriot Vacations Worldwide Cor
About Marriott Vacations Worldwide Corp
Marriott Vacations Worldwide Corporation, a leading global vacation company, offers vacation ownership, exchange, rental, resort and property management services. It also has exchange networks and membership programs in a large number of resorts across countries. Its business is operated under two major segments: Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership Exchange segment generates the major chunk of its revenues from four sources: selling vacation ownership products; managing vacation ownership resorts, clubs and owners' associations; financing consumer purchases of vacation ownership products; and renting vacation ownership inventory. The company's Exchange & Third-Party Management segment revenues are fee-based and are derived from membership, exchange and rental transactions, property and owners' association management, and other related products and services. Marriott Vacations acquired ILG, Inc., a renowned provider of vacation experiences.
