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. (NYSE: HGV) generates a steady flow of news through its activities as a global timeshare and vacation ownership company headquartered in Orlando, Florida. As the exclusive vacation ownership partner of Hilton, the company regularly issues updates on financial performance, capital markets activity, experiential events and strategic developments that are relevant to investors and followers of the hospitality and vacation ownership sector.
News about Hilton Grand Vacations often includes quarterly earnings releases, where the company reports contract sales, segment revenues, Adjusted EBITDA, construction-related revenue deferrals and recognitions, and details on its Real Estate Sales and Financing and Resort Operations and Club Management segments. These releases are typically furnished to the SEC on Form 8-K and provide insight into trends in VOI sales, financing revenue and resort operations.
Another key news category involves financing and securitization transactions. Hilton Grand Vacations frequently announces term note securitizations of timeshare loans through trusts such as Hilton Grand Vacations Trust and Hilton Grand Vacations Japan Trust. These updates describe the size and structure of the securitizations, coupon rates on various classes of notes, and the intended use of proceeds, such as paying down debt and supporting general corporate purposes.
The company also issues news about experiential and sponsorship initiatives tied to its HGV Ultimate Access platform. Examples include announcements related to the Hilton Grand Vacations Tournament of Champions, an LPGA Tour season opener that combines professional golf with celebrity participants and a private concert series, and the HGV Clubhouse at the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX, a trackside hospitality experience with live entertainment. These stories highlight how Hilton Grand Vacations integrates travel, sports and live entertainment into its member offerings.
Additional news items may cover share repurchase authorizations and activity, secondary offerings by existing stockholders, and the filing of financial information related to acquisitions such as Bluegreen Vacations Holding Corporation. For investors and observers, following HGV news provides visibility into the company’s operating performance, capital structure decisions and evolving portfolio of vacation ownership and experiential offerings.
Hilton Grand Vacations (NYSE:HGV) has opened its first timeshare resort in Mexico, La Pacifica Los Cabos by Hilton Club. Located in Los Cabos, this resort features 74 units with ocean views, swimming pools, a spa, and multiple dining options. Sales began in December 2020, and the resort is now fully operational. HGV aims to enhance vacation experiences while ensuring cleanliness through their Hilton CleanStay program. The resort provides exclusive access to nearby amenities, including a new beach club, promoting safe travel with available COVID-19 testing on-site.
Hilton Grand Vacations Inc. (NYSE:HGV) will report its fourth quarter and full year financial results for 2020 on March 1, 2021, prior to market opening. A teleconference is scheduled for 11 a.m. EST the same day. Investors can join the live webcast on the HGV Investor Relations website or dial in via phone at 1-877-407-0784 in the U.S./Canada. A replay will be available after the call until March 8, 2021. Hilton Grand Vacations is a major player in the timeshare market, offering vacation ownership resorts and club membership programs.
Hilton Grand Vacations (NYSE:HGV) reported Q3 2020 results with contract sales of $117 million, a 67.5% decrease from Q3 2019. Total revenues fell to $208 million, down from $466 million year-over-year. The company faced a net loss of $7 million compared to $50 million net income in Q3 2019. Adjusted EBITDA was $19 million, significantly down from $111 million. The ongoing impact of COVID-19 led to operational challenges, though HGV aims for positive adjusted free cash flow for 2020.
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Hilton Grand Vacations Inc. (NYSE:HGV) will release its third quarter 2020 financial results on Thursday, Oct. 29, before the stock market opens. A teleconference is scheduled for 11 a.m. EDT on the same day. Investors can listen to the live webcast on the HGV Investor Relations website. For phone access, participants should call 1-877-407-0784 in the U.S. and Canada or +1-201-689-8560 internationally. A replay will be available for a limited time post-call. Hilton Grand Vacations is a leading global timeshare company based in Orlando, Florida.
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Hilton Grand Vacations (NYSE: HGV) has partnered with Junior Achievement USA to enhance its corporate social responsibility program, HGV Serves. The collaboration aims to inspire youth through education, financial literacy, and work readiness. HGV team members will volunteer across eight U.S. school districts during the 2020-2021 school year, adapting to virtual volunteering due to COVID-19. This partnership reflects Hilton's commitment to community service and supports Junior Achievement's mission to prepare young people for economic success.