As Make-A-Wish celebrates World Wish Month in April, ŁÓŁÍÁíÀà Worldwide recently welcomed nine-year-old Layla Catts and her family to the Sheraton Vistana Resort in Orlando. Staff at the resort treated her to a VIP pool party and brought in a petting zoo, including a private pony ride for Layla.

ŁÓŁÍÁíÀà Worldwide launched its partnership with Make-A-Wish in February 2022 and is proud to support its mission of bringing children’s wishes to life. In the two years since, more than 20 ŁÓŁÍÁíÀà Worldwide resorts have welcomed wish kids and families to enjoy unique vacation experiences.

“At ŁÓŁÍÁíÀà Worldwide, we know how meaningful vacations can be,” said John Geller, President and CEO, ŁÓŁÍÁíÀà Worldwide. “It’s incredible to see the difference our teams make in the lives of these children and their families through this partnership.”

Including Layla’s wish stay, ŁÓŁÍÁíÀà Worldwide’s Orlando resorts have hosted seven wish stays since 2022, with two more planned. Companywide, there have been more than 25 wish families welcomed so far in 2024, with more wishes scheduled to be fulfilled later in the year.

About ŁÓŁÍÁíÀà Worldwide Corporation ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

Each year at its annual spring conference, ARDA recognizes groups and individuals who exhibit professional excellence and/or have achieved significant accomplishments in the areas of marketing and sales; management and administration; advertising, promotion, and communications; and resort design. The organization also offers ARDA Circle of Excellence (ACE) awards, which honor those who have attained the highest level of excellence in the resort industry. This year, ŁÓŁÍÁíÀà Worldwide is delighted to congratulate the 2024 ARDA award winners:

• ACE Philanthropy and Community Service Award: MVW Maui Wildfires Support Effort for the tireless work of hundreds of associates from all business areas who assisted more than 1,600 affected associates.

• Sales Team: Marriott’s Oceana Palms Sales Team for a record-breaking year that set a new industry standard and accomplishments in overall budget, volume per guest, revenue production, and customer satisfaction scores.

• Salesperson In-House: Tony Quach for becoming the top salesperson at MVW and delivering record-breaking volume per guest while on the sales line at Marriott’s Ko Olina Beach Club in Hawai‘i.

• Human Resources Team: HR Maui Wildfires Response Team for altering communications channels, delivering pay and benefits to more than 1,600 affected associates, and swiftly adjusting programs to support them.

• Training and Development Team: Life Fulfilled Learning Map Team for developing a new approach to brand-specific training programs that is interactive, immersive, and centered around a visual “learning map.”

• Technology Project Team: Website Technology Project Team, Hyatt Vacation Ownership, for combining two separately branded websites under one new umbrella brand to provide Owners with expanded vacation offerings and a modern digital experience.

• Resort Operations Team Member: Howard Francis for winning over guests with his charm and vibrant personality as a Pool Server at Marriott’s Crystal Shores in Florida and helping to pilot a mobile ordering program.

• Housekeeping Manager: Eric Mearn for exemplary performance including a 100% associate engagement rating, a 98.1% Guest Satisfaction Survey score in resort cleanliness, and promotion of diversity and inclusion at Marriott Vacation Club at Custom House, Boston.

• Newsletter: Triumphs for Interval International’s new publication that increases customer engagement by celebrating Interval’s network of global clients who are leading the way with exceptional products and innovative travel offerings.

• Digital Magazine: Interval World for Interval International’s digital publication that highlights an array of vacation possibilities while engaging members on their preferred device and in their preferred language.

• Sales Center: Marriott’s Bali Nusa Dua Terrace in Indonesia for its highly detailed design and craftsmanship that reflects the joy and spirit of the local Balinese customs while embracing modern features in the sophisticated space.

“I am honored to work alongside these incredibly deserving individuals and teams,” said John Geller, President and CEO of ŁÓŁÍÁíÀà Worldwide. “They have made outstanding contributions to our business and our industry, not just during the past year but every day. I am proud to join this celebration of their hard work and dedication.”

About ŁÓŁÍÁíÀà Worldwide Corporation

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation Company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates exchange networks and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, visit www.marriottvacationsworldwide.com.

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company’s website at .   

An audio replay of the conference call will be available at  from 10 a.m. ET on May 7 until 10 p.m. ET on June 7. To access the replay, dial (877) 660-6853 or (201) 612-7415 for international callers. The conference ID for the recording is 13745141.

About ŁÓŁÍÁíÀà Worldwide Corporation 

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit .

Neal Goldner
Investor Relations
ŁÓŁÍÁíÀà Worldwide Corporation
407.206.6149
neal.goldner@mvwc.com

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

ORLANDO – March 28, 2024 – The Marriott Vacation Clubs, a portfolio of vacation ownership brands operated by ŁÓŁÍÁíÀà Worldwide (NYSE: VAC), understands there is a difference between visiting a city and seeing its sites, and truly experiencing it by discovering its secrets. With that in mind, today the company announces . This collection consists of Marriott Vacation ClubÂź branded properties, including those formerly branded as Marriott Vacation Club Pulse, in seven vibrant cities with expansion plans that will also include other branded vacation club properties in highly sought after urban areas.

As part of the City Collection’s growing portfolio, Marriott Vacation ClubÂź expects to open a seven-story vacation ownership property in Waikiki later this year. Located on the south shore of Honolulu, the new property plans to have two floors of retail and approximately 110 guestrooms, featuring a mix of one-bedroom and studio units. Proposed rooftop amenities include a pool, fitness center and bar. Located on Kalakaua Avenue, one of Honolulu’s best-known retail avenues, the new property is also expected to house a 10,000-square-foot sales gallery where Owners, Members and guests can learn more about the benefits of vacation ownership. Reservations are now open for future rental stays on , and Owners in Abound by ŁÓŁÍÁíÀà can use Club Points to reserve stays with check-ins beginning October 4, 2024. For more information, visit . 

“As a metropolitan complement to our global resort portfolio, The Marriott Vacation Clubs City Collection brings our Owners, Members and guests to the city – and the city to our Owners, Members and guests – by offering stylish stays that are in the heart of local interests, transportation and attractions, reflecting the spirit and culture of their dynamic surroundings,” said Lori Gustafson, Chief Membership & Commercial Services Officer at ŁÓŁÍÁíÀà Worldwide. “We know our Owners, Members and guests see great value in being close to the action, so we will continue to look for opportunities to expand our city offerings over the coming years.”

The Marriott Vacation Clubs has also announced plans to add the first two Westin Vacation Club properties to its City Collection portfolio. Expected to begin development in 2025, a newly proposed 50-unit property in Charleston, South Carolina overlooking the heart of the city will include a new on-site sales gallery. With the city of Charleston continually ranking on lists of the South’s best cities to visit for its thriving culinary scene, easy walkability and southern charm, this new property, located steps from the historic Charleston City Market, will bring the city experience right to Owners, Members and guest’s doorsteps. In 2026, a new proposed property in Savannah, Georgia is expected to break ground in the heart of the popular historic downtown district and will also include a sales gallery. These properties are anticipated to make great additions to the City Collection portfolio and offer two new, unique destinations for Owners, Members and guests.

Stylish Accommodations

The guestrooms and suites at City Collection properties echo the cosmopolitan nature of their surroundings, each with an updated, modern look and feel that reflects the personal energy and unique culture of its host city. Because the action is found outside the property—in the city and the neighborhoods—the stylish guestrooms and suites, featuring premium bedding and bath amenities, are designed for shorter, more active stays.

Each property currently in The Marriott Vacation Clubs City Collection portfolio was chosen for its central location in the heart of the action:

• Marriott Vacation Club, New York City – Within walking distance of New York City’s flagship retail stores, Bryant Park and the hustle and bustle of Times Square, this magnificent Midtown Manhattan location features one of the city’s most spectacular rooftop bars.
• Marriott Vacation Club, San Francisco –Explore the Bay Area’s legendary Fisherman’s Wharf, PIER 39, Ghirardelli Square, Anchorage Square, Historic Hyde Street Pier and countless other famous hotspots in San Francisco from this family-friendly property.
• Marriott Vacation Club, San Diego – A stylish downtown retreat close to all that San Diego has to offer including the Gaslamp Quarter, Balboa Park and the legendary San Diego Zoo.
• Marriott Vacation Club, South Beach – With an enchanting mix of history and modern luxury, this lovingly restored Mediterranean revival gem is one of South Beach’s most iconic locations. On the north end of Ocean Drive, it’s a short stroll to the best of Miami’s South Beach.
• Marriott Vacation Club at The Mayflower, Washington, D.C. – Landmark vacations start here, a property proudly listed on the National Register of Historic Places and central to hundreds of Washington, D.C.’s best museums, restaurants, shops, and attractions.
• Marriott Vacation Club at Custom House, Boston – Built in 1847, the Custom House and its Clock Tower remain the jewel of Boston’s skyline and an elegant glimpse into America’s past.
• Marriott Vacation Club at The Empire Place, Bangkok – Located within a high-end condominium residence in the heart and soul of Bangkok, this property places Owners and Members among the diverse and unique culture of locals and positions them perfectly to experience the ancient architectural wonders and modern marvels of Thailand.

Curated City Experiences

Each City Collection property has a City Insider on-site to help maximize an Owner’s, Member’s or guest’s experience. Exploring the destination with walking tours, bringing in curated tastes of local favorites and teaching Owners, Members and guests how to navigate the city, are just a few of the things the dedicated City Insider will help customize for you to satiate your desire for exploring, tasting, socializing and learning about the city destination in fun and enjoyable ways.

To learn more about The Marriott Vacation Clubs City Collection or to book a reservation, please visit . 

 About The Marriott Vacation Clubs

is a part of ŁÓŁÍÁíÀà Worldwide Corporation, and is a portfolio of industry leading vacation ownership brands with over 90 domestic and international properties collectively throughout the U.S., Caribbean, Mexico, Central America, Europe, Asia, and Australia, including the Marriott Vacation ClubÂź, SheratonÂź Vacation Club, and WestinÂź Vacation Club brands. Owners and guests can enjoy year-round access to some of the best vacation destinations with villa-style accommodations. The Marriott Vacation Clubs’ point-based vacation ownership programs provide Owners and their families with the flexibility to enjoy high-quality vacation experiences.  Follow The Marriott Vacation Clubs on FB/IG: @MarriottVacationClub, @SheratonVacationClub, @WestinVacationClub or TikTok .

About ŁÓŁÍÁíÀà Worldwide Corporation

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation Company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates exchange networks and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, visit .

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

The GNEX Conference, which was recently held in Miami Beach, FL, is a senior-executive level vacation industry networking event with an award ceremony that recognizes leaders in the industry.

The Best Technology Award is awarded to companies that demonstrate the best implementation of technology in the vacation industry. ŁÓŁÍÁíÀà Worldwide’s marketing and sales training and development team earned the award for its EDGE (Educate, Develop, Grow, Excel) Learning Portal, a digital platform designed to create a smoother onboarding experience for training and developing marketing and sales associates.

The EDGE program offers self-paced lessons, interactive videos, podcasts, and live instructor-led sessions designed to engage associates, as well as real-time insights into the effectiveness of the company’s training programs and associate performance. This empowerment tool is tailored for marketing and sales associates to boost skills, speed, and excellence and elevate their potential.

“Our journey to improve our learning and development framework was a significant undertaking,” said John Ruble, SVP, Global Sales Operations & Field Operations at ŁÓŁÍÁíÀà Worldwide. “With the investment in the EDGE Portal, we have demonstrated our commitment to improving our technology for our associates’ benefit.”

Mr. Ruble also served as a keynote speaker at the conference.

About ŁÓŁÍÁíÀà Worldwide Corporation

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit .

“We are pleased with the strong investor demand this transaction received, with a blended interest rate approximately 100 basis points below our November 2023 transaction,” said Jason Marino, Executive Vice President and Chief Financial Officer.

The transaction was backed by a pool of approximately $439 million of vacation ownership loans from a variety of the Company’s timeshare brands. Three classes of notes were issued by the Issuer, comprising approximately $284 million of Class A Notes, approximately $89 million of Class B Notes, and approximately $57 million of Class C Notes. The Class A Notes have an interest rate of 5.32%, the Class B Notes have an interest rate of 5.51%, and the Class C Notes have an interest rate of 6.20%. 

The Company intends to use the proceeds of the 2024-1 securitization, net of fees, to pay down outstanding credit facility obligations and for other general corporate purposes.

Important Notice

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The notes have not been registered under the Securities Act of 1933, as amended, or any state securities law. Unless so registered, the notes may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

About ŁÓŁÍÁíÀà Worldwide Corporation

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit .

Neal Goldner
Investor Relations
ŁÓŁÍÁíÀà Worldwide Corporation
407.206.6149
neal.goldner@mvwc.com

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

To tune in to the live presentation, please visit . Following the session, a recording will be available.

About ŁÓŁÍÁíÀà Worldwide Corporation 

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit .

Neal Goldner
Investor Relations
ŁÓŁÍÁíÀà Worldwide Corporation
407.206.6149
neal.goldner@mvwc.com

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

“After a challenging year, we ended the year on a very positive note, growing contract sales by 4% in the fourth quarter on a year-over-year basis with VPG in-line with the prior year, after adjusting for the estimated impact of the Maui wildfires,” said John Geller, President and Chief Executive Officer. “The transition to Abound by ŁÓŁÍÁíÀà is behind us. Moving forward, we continue to look for ways to leverage technology to grow our revenues while driving efficiencies and cost savings across the organization.”

Fourth Quarter 2023 Highlights

• Consolidated Vacation Ownership contract sales declined 2% year-over-year to $447 million driven by 2% lower volume per guest (“VPG”). The Company estimates that excluding the impact of the Maui wildfires, contract sales would have grown 4%, tours would have increased 4% and VPG would have been unchanged compared to the prior year.
• Net income attributable to common stockholders was $35 million and fully diluted earnings per share was $0.93.
• Adjusted net income attributable to common stockholders was $75 million and adjusted fully diluted earnings per share was $1.88.
• Adjusted EBITDA was $186 million.
• The Company repurchased 431,000 shares of its common stock for $38 million during the quarter and increased its quarterly dividend to $0.76 per share, which was paid in January. For the year, the Company repurchased 6% of its shares outstanding for $286 million and paid $106 million in dividends.

Fourth Quarter 2023 Results

On August 8, 2023, a wildfire devastated the area of West Maui. While the Company operates four vacation ownership resorts and sales centers in the area, it did not sustain any physical damage to these resorts and sales centers. However, the Company estimates the Maui wildfires negatively impacted its fourth quarter contract sales by approximately $25 million, Net income attributable to common stockholders by $17 million and Adjusted EBITDA by $24 million.

In the third quarter of 2022, the Company aligned its contract terms for the sale of its Marriott-, Westin-, and Sheraton-branded vacation ownership products, resulting in the acceleration of revenue from the sale of Marriott-branded vacation ownership interests. In addition, the Company aligned its reserve methodology for vacation ownership notes receivable for these brands, resulting in a decrease in the reserve for the acquired notes offset by an increase in the reserve for the originated notes. Together, these changes are referred to as the “Alignment.”

The tables below illustrate the comparison of the reported results from the fourth quarter of 2023, as well as adjusted results that reflect the estimated impact of the Maui fires, to the results from the fourth quarter of 2022, including the impact of the Alignment on the Company’s reported results for that time period. In the tables below “*” denotes non-GAAP financial measures. Please see “NonGAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

Consolidated

Vacation Ownership
Selected Items

Revenues excluding cost reimbursements decreased 3% in the fourth quarter of 2023 compared to the prior year. The decline was driven by a 2% year-over-year reduction in consolidated contract sales resulting from the Maui wildfires, as well as a $24 million prior year reportability benefit. Adjusted for the estimated $25 million impact of the Maui wildfires, consolidated contract sales would have increased 4% year-over-year.

Segment financial results attributable to common stockholders declined $42 million to $199 million in the fourth quarter of 2023 and Segment Adjusted EBITDA declined $25 million to $236 million. Adjusting for the $25 million estimated impact from the Maui wildfires in the current year and the $7 million Alignment benefit in the prior year, Segment Adjusted EBITDA would have increased 3% to $261 million.

Exchange & Third-Party Management
Selected Items

Revenues excluding cost reimbursements decreased 2% in the fourth quarter of 2023 compared to the prior year driven by lower member transactions. Interval International ended the year with 1.6 million active members, in-line with the prior year, and Average revenue per member increased 2% year-over-year in the fourth quarter.

Segment financial results attributable to common stockholders were $18 million in the fourth quarter of 2023, Segment margin was 31% and Segment Adjusted EBITDA was $31 million. Adjusted for the estimated impact from the Maui wildfires, Segment Adjusted EBITDA would have decreased $1 million to $30 million.

Corporate and Other

General and administrative costs increased $22 million in the fourth quarter of 2023 compared to the prior year primarily due to higher IT spending to drive our digital and data initiatives.

Balance Sheet and Liquidity

The Company ended the year with $929 million in liquidity, including $248 million of cash and cash equivalents, $60 million of gross notes receivable that were eligible for securitization, and $621million of available capacity under its revolving corporate credit facility. At the end of 2023, the Company had $3.0 billion of corporate debt and $2.1 billion of non-recourse debt related to its securitized notes receivable.

Full Year 2024 Outlook

The Company is providing guidance for the full year 2024 as reflected in the chart below. The Financial Schedules that follow reconcile the following full year 2024 expected GAAP results for the Company to the non-GAAP financial measures set forth below.

In the table below “*” denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

Non-GAAP Financial Information

Non-GAAP financial measures are reconciled and adjustments are shown and described in further detail in the Financial Schedules that follow. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use. In addition to the foregoing non-GAAP financial measures, we present certain key metrics as performance measures which are further described in our most recent Annual Report on Form 10-K, and which may be updated in our periodic filings with the U.S. Securities and Exchange Commission.

Fourth Quarter 2023 Financial Results Conference Call

The Company will hold a conference call on February 22, 2024 at 8:30 a.m. ET to discuss these financial results and provide an update on business conditions. Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company’s website at ir.mvwc.com. An audio replay of the conference call will be available for 30 days on the Company’s website.

About ŁÓŁÍÁíÀà Worldwide Corporation

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.

Note on forward-looking statements

This press release and accompanying schedules contain “forward-looking statements” within the meaning of federal securities laws, including statements about leveraging technology to enhance core operations and other benefits to the organization and full year 2024 outlook for contract sales, results of operations and cash flows. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “might,” “should,” “could” or the negative of these terms or similar expressions. The Company cautions you that these statements are not guarantees of future performance and are subject to numerous and evolving risks and uncertainties that we may not be able to predict or assess, such as: a future health crisis and responses to a health crisis, including possible quarantines or other government imposed travel or health-related restrictions and the effects of a health crisis, including the short and longer-term impact on consumer confidence and demand for travel and the pace of recovery following a health crisis; variations in demand for vacation ownership and exchange products and services; worker absenteeism; price inflation; difficulties associated with implementing new or maintaining existing technology; changes in privacy laws; the impact of a future banking crisis; impacts from natural or man-made disasters and wildfires, including the Maui wildfires; global supply chain disruptions; volatility in the international and national economy and credit markets, including as a result of the ongoing conflicts between Russia and Ukraine, Israel and Gaza, and elsewhere in the world and related sanctions and other measures; our ability to attract and retain our global workforce; competitive conditions; the availability of capital to finance growth; the impact of changes in interest rates; the effects of steps we have taken and may continue to take to reduce operating costs; political or social strife; and other matters referred to under the heading “Risk Factors” in our most recent Annual Report on Form 10-K, and which may be updated in our future periodic filings with the U.S. Securities and Exchange Commission. All forward-looking statements in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. There may be other risks and uncertainties that we cannot predict at this time or that we currently do not expect will have a material adverse effect on our financial position, results of operations or cash flows. Any such risks could cause our results to differ materially from those we express in forward-looking statements.

For the full press release with financial schedules, please click the link below:

Neal Goldner
Investor Relations
ŁÓŁÍÁíÀà Worldwide Corporation
407.206.6149
neal.goldner@mvwc.com

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

The dividend is payable on or around March 14, 2024, to shareholders of record as of the close of business on February 29, 2024. 

About ŁÓŁÍÁíÀà Worldwide Corporation   

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit .  

Neal Goldner
Investor Relations
ŁÓŁÍÁíÀà Worldwide Corporation
407.206.6149
neal.goldner@mvwc.com

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com

Fortune surveys executive leaders from eligible companies to identify companies with the strongest reputations within their industries and across industries. In the survey, Fortune asks participants to rate companies based on their: ability to attract and retain talent, quality of management, social responsibility to the community and the environment, innovativeness, quality of products or services, wise use of corporate assets, financial soundness, long-term investment value, and effectiveness in doing business globally.

“This recognition is a testament to our global teams and their commitment to delivering exceptional vacation experiences for our Owners, members, and guests,” said John Geller, President and CEO of ŁÓŁÍÁíÀà Worldwide. “It’s an honor to be named to such an esteemed list, and to be recognized for the work we are doing to chart a course for growth and success for our Company and our evolving industry.”

The Company is consistently recognized for distinction in the hospitality industry, ranking   No. 1 on Newsweek’s Most Loved Workplaces list, as well as No. 1 in the hospitality industry and the No. 1 Most Respected Company, based on employee feedback.

ŁÓŁÍÁíÀà Worldwide ranked fifth in the hospitality industry.

To view Fortune’s full World’s Most Admired Companies list, click .

About ŁÓŁÍÁíÀà Worldwide Corporation 

ŁÓŁÍÁíÀà Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.

Cameron Klaus
Global Communications
ŁÓŁÍÁíÀà Worldwide Corporation
407.513.6606
Cameron.Klaus@mvwc.com