Marriott Vacations Worldwide

The Marriott Vacation Clubs Portfolio

1. What is Marriott Vacations Worldwide?

Marriott Vacations Worldwide Corporation (NYSE: VAC) is a vacation ownership company that develops, markets, and manages timeshare resorts under license from Marriott International. MVW operates 120 resorts across the United States, Caribbean, Mexico, Central America, Europe, Asia, and Australia. Approximately 700,000 owner families hold vacation ownership interests through its brands: Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club, The Ritz-Carlton Destination Club, and St. Regis Residence Club.

MVW was spun off from Marriott International in 2011 as an independent, publicly traded company. It does not own hotels. It develops, markets, and manages vacation ownership products under license from Marriott International, Sheraton, Westin, Hyatt, and other hospitality brands. The hotel loyalty programs and the vacation ownership programs are separate entities.

This article provides an independent overview of MVW’s brands, ownership structures, financial performance, and international operations. The information here is intended for prospective buyers evaluating the program, existing owners tracking company developments, and anyone researching the vacation ownership industry.

Last updated: April 2026. Sources: MVW FY2025 10-K filing, Q4 2025 earnings release, MVW investor relations.

2. Marriott Vacations Worldwide Company Overview

The table below summarizes key corporate data for Marriott Vacations Worldwide as of full year 2025 results.

MVW reported a net loss of $308 million for FY2025 on a GAAP basis. This reflects $577 million in non-cash impairment charges and strategic modernization expenses. On an adjusted basis, the company earned $276 million in net income ($7.16 adjusted EPS). The company returned $171 million to shareholders through dividends and share repurchases during the year.

In November 2025, former CEO John Geller departed the company. Matthew E. Avril, a board member with over 30 years of vacation ownership and hospitality experience, served as interim President and CEO before being named permanent CEO in February 2026. Michael A. Flaskey was appointed President and COO at the same time. Avril previously led Diamond Resorts International and held senior roles at Starwood Hotels & Resorts and Vistana Signature Experiences.

3. How Does Marriott Vacation Club Ownership Work?

The Abound by Marriott Vacations Program

Abound by Marriott Vacations is the unified exchange program for the MVW portfolio. It replaced the separate Marriott Vacation Club Destinations and Vistana Signature Network programs. Abound allows owners across Marriott Vacation Club, Sheraton Vacation Club, and Westin Vacation Club brands to book stays at more than 90 properties using a single points currency called Club Points.

Club Points function as vacation currency. Each owner receives an annual allocation of Club Points based on their ownership. Points requirements vary by resort, unit size, season, and view category. Updated points charts are published annually.

Ownership Structures

MVW sells vacation ownership through two primary structures:

• Points-Based (MVC Trust): The current primary product. Buyers purchase a Beneficial Interest in the MVC Trust, a Florida-based land trust. This is classified as deeded real estate. Owners receive an annual allocation of Club Points. The trust structure allows flexible booking across the full resort portfolio without being tied to a specific resort or week.
• Legacy Weeks: Some owners hold deeded interests tied to a specific week (or season) at a specific resort. These legacy weeks were the original MVC product. Owners with legacy weeks have the option to enroll their weeks in the Abound program to access the points exchange system.

The Sheraton and Westin (Vistana) brands also use a points-based system through the Vistana Signature Network. These owners receive StarOptions, which function similarly to Club Points. Cross-booking between the Marriott and Vistana portfolios is available through the Abound exchange program.

Membership Tiers

The Abound program has five membership levels based on the number of Club Points owned: Owner, Select, Executive, Presidential, and Chairman’s Club. Higher tiers receive extended booking windows, better Marriott Bonvoy conversion rates, banking flexibility, and rental discounts. The Chairman’s Club tier offers the most favorable terms, including 13-month advance booking, 35{47e772cd852496d685f7768c1e1ff3926845e99bc685d09b5cb3e90ff014ab6d} rental discounts, and the ability to bank points for two additional years.

Points Banking, Borrowing, and Conversion

Owners have the option to bank unused points to the following year or borrow points from the next year’s allocation. Banking deadlines vary by membership level. Points placed in a holding account after a cancelled reservation carry restrictions: they expire at the end of the current use year and are limited to bookings within 60 days of check-in.

Club Points convert to Marriott Bonvoy points at ratios that vary by membership level. As of 2025, conversion rates range from approximately 45 to 55 Bonvoy points per Club Point depending on tier. In June 2025, MVW launched a new booking platform that allows Abound members to use Club Points to book stays at more than 8,000 Marriott hotels worldwide, expanding options beyond the vacation ownership resort portfolio.

4. Marriott Vacation Club Resort Portfolio

MVW operates 120 vacation ownership resorts across seven brands. The portfolio is concentrated in the United States, with international properties in the Caribbean, Mexico, Europe, Asia, and Australia.

Marriott Vacation Club (60+ resorts)

The flagship brand. Properties span destinations including Maui, the Big Island of Hawaii, Orlando, Hilton Head, Palm Desert, Aruba, St. Kitts, Phuket, Bali, and the Gold Coast of Australia. The Marriott Vacation Club Pulse sub-brand targets urban locations with hotel-style inventory. Asia-Pacific properties are available to owners through the Abound program.

Sheraton Vacation Club (9 resorts)

Upper-upscale resorts in family-oriented destinations. Properties are located in Florida (Vistana Resort, Vistana Villages), South Carolina (Broadway Plantation), and other U.S. markets. Over 3,000 units across the portfolio.

Westin Vacation Club (12 resorts)

Wellness-focused upper-upscale resorts. Properties include locations in Maui, Kauai, Cancun, Los Cabos, and St. John. Over 2,000 units across the portfolio.

Grand Residences by Marriott

Limited collection of larger, premium residences at select destinations including Lake Tahoe and London.

The Ritz-Carlton Destination Club

Luxury fractional ownership. Properties in Aspen, Jupiter (Florida), Lake Tahoe, San Francisco, and St. Thomas.

St. Regis Residence Club

Ultra-luxury residences at select St. Regis locations including Aspen and New York.

Hyatt Vacation Club

MVW operates the Hyatt Vacation Club under a license agreement with Hyatt Hotels Corporation. Properties span destinations including Key West, Bonita Springs, Sedona, San Antonio, and Maui.

5. How Does Marriott Bonvoy Work with Vacation Ownership?

Marriott Bonvoy Connection

MVW’s vacation ownership brands operate under license from Marriott International. Vacation ownership and the hotel loyalty program are separate businesses. Marriott International does not own, develop, or sell MVW products.

Owners enrolled in Abound receive Marriott Bonvoy elite status. The specific tier depends on the ownership level. Presidential and Chairman’s Club members receive Platinum Elite status. Bonvoy elite status provides benefits at Marriott hotels, including room upgrades, late checkout, and welcome gifts.

Owners have the option to convert Club Points to Bonvoy points. The conversion percentage and ratio depend on membership level. Since June 2025, owners enrolled in Abound have the additional option of booking directly into 8,000+ Marriott hotels using Club Points through a new third-party booking platform.

Hyatt World of Hyatt Connection

Hyatt Vacation Club owners have access to World of Hyatt benefits. The integration level operates separately from the Marriott Bonvoy relationship.

6. Where Does Marriott Vacation Club Operate Internationally?

MVW’s resort portfolio spans multiple continents. Beyond the U.S., owners have access to properties and affiliated resorts in the following regions:

Asia-Pacific

Marriott Vacation Club operates properties in Bangkok (Thailand), Phuket (Thailand), Khao Lak (Thailand), Bali (Indonesia), and the Gold Coast (Australia). The Bangkok property, Marriott Vacation Club at The Empire Place, is part of The Marriott Vacation Clubs City Collection and sits within a high-end condominium residence in the Sathorn district. Asia-Pacific is an active growth market for MVW.

In August 2025, MVW opened Marriott Vacation Club, Khao Lak Beach Resort. The property is located within the JW Marriott Khao Lak Resort & Spa campus, approximately 90 minutes from Phuket International Airport. The resort offers 52 two-bedroom vacation ownership apartments with access to the campus amenities, including a 2.4-kilometer lagoon pool, 11 restaurants and bars, and the Quan Spa. Bookings are available through the Abound exchange program.

The Khao Lak opening was part of a broader Asia-Pacific expansion that also included a new development at Marriott’s Enclave at Bali Nusa Dua Terrace and additional apartments at the existing Bali Nusa Dua Terrace property. MVW also expanded its marketing call center in Shanghai. Japanese buyers represent a meaningful segment of ownership purchases at Hawaii properties, and MVW operates sales galleries in Japan.

Middle East and South Asia

MVW is actively pursuing sales and marketing operations in Dubai. The company also has emerging activity in India. These markets represent expansion opportunities for the Abound program and the broader MVW portfolio, leveraging the strength of the Marriott brand in the region.

Caribbean and Mexico

Properties are located in Aruba, St. Kitts, St. Thomas, Cancun, and Los Cabos. The Caribbean portfolio is concentrated in the Westin Vacation Club and Marriott Vacation Club brands.

Europe

Properties include locations in Spain (Marbella), France (Paris), and the United Kingdom (London). European properties are available through both direct ownership and exchange through Interval International.

Exchange Network: Interval International

MVW owns and operates Interval International, one of the two major timeshare exchange networks globally. II has more than 3,200 affiliated resorts in over 90 countries. Owners enrolled in Abound have the option of exchanging into II-affiliated properties outside the MVW portfolio. II also offers Getaway rentals to both members and non-members.

The combination of owned resorts, the Abound exchange system, direct hotel booking with Club Points, and Interval International gives MVW owners access to a broad range of accommodations worldwide.

7. How Does MVW Compare to Other Vacation Ownership Companies?

MVW is one of the two largest vacation ownership companies by annual revenue, essentially tied with Hilton Grand Vacations. MVW reported $5.03 billion in FY2025 revenue. HGV reported $5.05 billion. Travel + Leisure Co. reported $4.02 billion, ranking third among publicly traded vacation ownership companies.

The company’s competitive position rests on three factors: the strength of the Marriott, Sheraton, Westin, and Ritz-Carlton brand licenses; ownership of Interval International as a captive exchange network; and the breadth of the 120-resort portfolio.

Recent Strategic Developments

• Strategic Modernization Initiative: MVW undertook a company-wide modernization effort in 2024-2025, resulting in significant restructuring costs and impairment charges ($577 million non-cash in FY2025). The initiative targets $150 to $200 million in annualized adjusted EBITDA savings.
• Leadership Change (November 2025 / February 2026): CEO John Geller departed in November 2025. Matthew E. Avril was named permanent CEO and Michael A. Flaskey was appointed President and COO in February 2026. Both bring extensive vacation ownership industry experience.
• Abound Hotel Booking (June 2025): Launched the ability for owners to book 8,000+ Marriott hotels directly with Club Points, expanding the value proposition beyond resort-only usage.
• Asia-Pacific Expansion (August 2025): Opened Marriott Vacation Club, Khao Lak Beach Resort in Thailand. Expanded the Bali Nusa Dua Terrace property. Grew the Shanghai call center operations.
• Vistana Integration: The 2022 acquisition of Welk Resorts and the legacy ILG/Vistana integration continued through 2025, unifying the Sheraton and Westin brands under the Abound umbrella.
• First-Time Buyer Focus: MVW reported higher year-over-year first-time buyer sales in 2025. The company continued to position timeshare as a value proposition for leisure travelers.

8. What Should You Know Before Buying Marriott Vacation Club?

The following considerations are editorial guidance from VacationPlaces. They are not purchase recommendations.

Understand Total Cost of Ownership

The purchase price of Club Points is the initial cost. Annual maintenance fees are the ongoing cost. Maintenance fees cover resort upkeep, reserves, property taxes, and management. They increase over time. Budget for both the upfront investment and the annual obligation before purchasing.

Developer vs. Resale Pricing

MVW sells new ownership interests through its direct sales channel at full developer pricing. A resale market exists where existing owners sell their interests, often at significant discounts to developer prices. Resale purchases carry restrictions: they do not qualify for Abound program enrollment, Bonvoy elite status, or the full tier benefits available to developer purchasers. Evaluate whether the developer-only benefits justify the price difference for your travel patterns.

Review the Rescission Period

After signing a purchase contract, buyers have a limited window (the rescission or cooling-off period) to cancel without penalty. The duration varies by state and jurisdiction. Read the contract before signing and note the rescission deadline.

Compare Programs Before Committing

MVW is one of several major vacation ownership companies. Hilton Grand Vacations, Disney Vacation Club, and Travel + Leisure/Club Wyndham offer competing programs with different resort networks, points structures, and pricing. Attend multiple presentations if considering vacation ownership. Do not purchase at your first presentation.

Ask About the Financing Terms

MVW offers in-house financing for purchases. The interest rates on developer financing are typically higher than conventional mortgage rates. If you choose to finance, compare the developer financing terms to personal loan or home equity options before signing.

9. What Should Existing Marriott Vacation Club Owners Know?

Abound Program Changes

The June 2025 launch of direct hotel booking with Club Points is the most significant recent addition to the program. Owners enrolled in Abound should review the booking platform and understand the points-to-hotel conversion mechanics. The conversion rates vary by membership level. Higher-tier members receive more favorable terms.

Points Charts and Maintenance Fees

Points charts are updated annually. Review the current year’s charts to understand how many points your desired destinations require. If your points requirements have increased, evaluate whether banking, borrowing, or adjusting your travel season achieves better value. Maintenance fee budgets are published by the resorts and the MVC Trust. Review the annual budget statement for your ownership.

Legacy Week Owners

Owners with deeded weeks who have not enrolled in Abound should evaluate whether enrollment adds value for their travel patterns. Enrollment provides access to the full resort portfolio and hotel booking. It also adds the annual Abound club dues to your costs. The decision depends on whether you prefer to return to your home resort or want flexibility across the network.

Resale and Exit Considerations

The resale market for MVW ownership varies by resort, season, and points level. High-demand deeded weeks at premium resorts (Maui, Ko Olina) retain value better than trust-based points in the resale market. If you are considering selling, research current resale pricing through licensed timeshare resale brokers. Be wary of unsolicited offers from third parties claiming to have a buyer for your ownership.

Staying Informed

MVW reports financial results quarterly. Earnings calls are publicly accessible. The annual meeting proxy provides detail on company strategy and executive compensation. Owners with questions about program changes, points, or account status should contact the owner services team directly.

Frequently Asked Questions

What is Marriott Vacation Club?

Marriott Vacation Club is the flagship vacation ownership brand of Marriott Vacations Worldwide Corporation (NYSE: VAC). Owners purchase a Beneficial Interest in the MVC Trust, a Florida-based land trust, and receive an annual allocation of Club Points to book stays at 120+ resorts across 90+ destinations worldwide through the Abound by Marriott Vacations exchange programme.

Is Marriott Vacation Club the same as Marriott Hotels?

No. Marriott Vacations Worldwide and Marriott International are separate, independent companies. MVW licenses the Marriott, Sheraton, Westin, and Ritz-Carlton brand names from Marriott International. Marriott International does not own, develop, or sell MVW vacation ownership products.

How many resorts does Marriott Vacation Club have?

MVW operates 120 vacation ownership resorts across seven brands: Marriott Vacation Club (60+), Sheraton Vacation Club (9), Westin Vacation Club (12), Grand Residences by Marriott, The Ritz-Carlton Destination Club, St. Regis Residence Club, and Hyatt Vacation Club. Resorts span the United States, Caribbean, Mexico, Europe, Asia, and Australia.

What is the Abound by Marriott Vacations program?

Abound by Marriott Vacations is the unified exchange programme for the MVW portfolio. It replaced the separate Marriott Vacation Club Destinations and Vistana Signature Network programmes. Abound allows owners across Marriott, Sheraton, and Westin brands to book stays using a single points currency called Club Points. Since June 2025, Abound members also book stays at 8,000+ Marriott hotels using Club Points.

How much does Marriott Vacation Club cost?

MVW does not publicly disclose standard pricing. The cost depends on the number of Club Points purchased, which determines your annual allocation and membership tier. Annual maintenance fees apply on top of the purchase price. A resale market exists where owners sell their interests at prices often significantly below developer pricing, though resale purchases carry programme restrictions.

Can you buy Marriott Vacation Club on the resale market?

Yes. A resale market exists for MVW ownership interests. Resale prices are often lower than developer prices. Resale purchases do not qualify for Abound programme enrollment, Marriott Bonvoy elite status, or the full tier benefits available to developer purchasers. Evaluate whether the developer-only benefits justify the price difference for your travel patterns.

Who is the CEO of Marriott Vacations Worldwide?

Matthew E. Avril is the CEO of Marriott Vacations Worldwide, appointed in February 2026. Michael A. Flaskey serves as President and COO. Avril previously served as CEO of Diamond Resorts International and held senior roles at Starwood Hotels & Resorts and Vistana Signature Experiences.

What is MVW’s annual revenue?

Marriott Vacations Worldwide reported $5.03 billion in total revenue for fiscal year 2025. Of that, $4.81 billion (96{47e772cd852496d685f7768c1e1ff3926845e99bc685d09b5cb3e90ff014ab6d}) came from vacation ownership operations and $213 million (4{47e772cd852496d685f7768c1e1ff3926845e99bc685d09b5cb3e90ff014ab6d}) from the Exchange and Third-Party Management segment, which includes Interval International. Source: MVW FY2025 10-K filing.

Information in this article is current as of April 2026. Vacation ownership programs, pricing, and resort facilities are subject to change. Please consult each company’s official materials before making purchase decisions. VacationPlaces does not endorse or recommend any specific product.

*Information in this article is current as of April 2026. Vacation ownership programs, pricing, and resort facilities are subject to change. Please consult each company’s official materials before making purchase decisions. VacationPlaces does not endorse or recommend any specific product.