Welcome to our dedicated page for Hilton Grand Vac news (Ticker: HGV), a resource for investors and traders seeking the latest updates and insights on Hilton Grand Vac stock.
Hilton Grand Vacations Inc. reports developments in vacation ownership, timeshare financing, resort operations and club management. The company develops, markets and operates brand-name vacation ownership resorts in select destinations and is the exclusive vacation ownership partner of Hilton.
Recurring HGV news covers contract sales, vacation ownership interest sales, consumer financing, interest income, resort and club fees, and available-inventory rentals. Company updates also include timeshare-loan securitizations, resort openings such as Hilton Grand Vacations Club properties in Japan, completed resort-interest acquisitions, Bluegreen Vacations integration references, and branded experience events including the Hilton Grand Vacations Tournament of Champions.
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Hilton Grand Vacations Inc. (NYSE:HGV) will report its Q1 2023 financial results on April 27, 2023, before the markets open. A teleconference will follow at 11 a.m. ET, allowing participants to join via the HGV Investor Relations website.
Investors can dial in by phone at 1-877-407-0784 (U.S./Canada) or +1-201-689-8560 (international) about 15 minutes prior to the start. A replay will be available post-call until May 4, 2023, by calling 1-844-512-2921 (U.S.) or +1-412-317-6671 (international) using ID# 13735179.
For more information, visit www.corporate.hgv.com.
Hilton Grand Vacations Inc. (NYSE:HGV) has achieved a significant legal victory in its lawsuit against third-party timeshare exit companies accused of false advertising. The federal court ruling determined that these companies misled timeshare owners into believing they could exit their contracts legally, often charging hefty fees exceeding $100,000. In reality, their services only led to defaults and negative credit consequences for owners. The court found violations of the Lanham Act by the defendants, emphasizing the urgent need for consumer protection against such deceptive practices.
Hilton Grand Vacations (HGV) is launching its second annual fundraising campaign with the American Red Cross, coinciding with Red Cross Giving Day on March 22. The initiative, dubbed 'Early Giving Day', will match public donations up to $50,000 on March 14 to support disaster relief. Each year, natural disasters in the U.S. cause over $150 billion in damages. HGV's partnership aims to assist the Red Cross in providing essential aid to disaster-affected communities. This initiative showcases HGV's commitment to corporate social responsibility and community support through its HGV Serves program.
Hilton Grand Vacations (NYSE: HGV) reported strong fourth quarter 2022 results with total revenues of $992 million, up from $838 million in 2021. Contract sales reached $634 million, reflecting a 21.9% increase in tours. Net income improved to $78 million from $75 million a year prior, with diluted EPS rising to $0.67. Adjusted EBITDA was $252 million, slightly down from $264 million in Q4 2021. The company repurchased 2.5 million shares for $100 million during the quarter. Looking ahead, HGV forecasts 2023 Adjusted EBITDA between $1,090 million and $1,120 million.
Hilton Grand Vacations (NYSE:HGV) will announce its financial results for Q4 and full year 2022 on March 1, 2023, before markets open. This will be followed by a teleconference at 11 a.m. ET. Investors can access the live webcast through the HGV Investor Relations website. For phone access, dial 1-877-407-0784 in the U.S. or +1-201-689-8560 internationally. A replay of the call will be available three hours after its completion until March 8, 2023. The company specializes in vacation ownership resorts and caters to over 725,000 owners globally. More information is available at http://investors.hgv.com.