VAC
- Marriott Vacations Worldwide Corporation
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Overview
Company Summary
Marriott Vacations Worldwide Corporation (VAC) is a leading global vacation ownership company that specializes in developing, marketing, and selling luxury vacation ownership resorts. The company offers a range of vacation products and services under different brand names, primarily under the Marriott Vacation Club, Grand Residences by Marriott, and Ritz-Carlton Destination Club brands.
Marriott Vacations Worldwide operates a vast network of resorts and properties located in prime vacation destinations across the United States, Caribbean, Europe, Asia, and Australia. These properties are designed to provide guests with exceptional vacation experiences and an opportunity to own a share of these world-class resorts.
The company's business model revolves around vacation ownership, also known as timeshare. Essentially, Marriott Vacations Worldwide offers customers the chance to purchase a specific period of time or "ownership interest" at their premium resorts. With this ownership, customers gain access to the property for that specific period each year, allowing them to enjoy luxurious accommodations and amenities.
Additionally, Marriott Vacations Worldwide also provides rental options to non-owners and offers a variety of exchange programs that allow owners to trade their vacation time for stays at other Marriott Vacation Club or affiliated resorts worldwide. This exchange network increases the flexibility and options available to owners.
In summary, Marriott Vacations Worldwide focuses on the development, marketing, and sales of luxury vacation ownership resorts. Through their various brands and extensive network of properties, they provide customers with the opportunity to create lasting vacation memories and enjoy high-quality accommodations in desirable destinations around the world.