Marriott Vacations Worldwide
#3418
Rank
$3.4B
Marketcap
United States
Country
Mr. Stephen P. Weisz (CEO & Director)
Mr. John E. Geller Jr. (Pres)
Mr. Anthony E. Terry (Exec. VP & CFO)
Summary
History
Marriott Ownership Resorts Inc. was established on April 17, 1984 with the acquisition of American Resorts on Hilton Head Island, South Carolina. Marriott’s Monarch became the first MORI resort. In 1995, MORI became Marriott Vacation Club International. The move reflected the company’s evolution from real estate development and sales focus to "delivering an overall vacation experience". In 1997, the company expanded to Europe with its first resort in Marbella, Spain. In 2001, the first Asian resort in Phuket, Thailand was added to the company's collection. Similar to its successful segmentation of the lodging industry pioneered in the 1980s, Marriott Vacation Club International introduced The Ritz-Carlton Destination Club in 1999 – a luxury fractional ownership offering. Two years later, the Grand Residences by Marriott brand was created. The first property opened in 2002 in South Lake Tahoe, California. In 2007, Marriott Vacation Club International began to market its core timeshare brand as Marriott Vacation Club. In 2010, the company launched its points-based Marriott Vacation Club Destinations Program in North America and the Caribbean. This change was the most significant program innovation in the company’s history and provided a new product offering increased flexibility.
ILG, Inc. acquisition
In April 2018, Marriott Vacations Worldwide announced that they would purchase ILG, Inc. for $4.7 billion.
Mission
Vision
Key Team
Mr. Brian E. Miller (Pres of Vacation Ownership)
Ms. Jeanette E. Marbert (Pres of Exchange & Third-Party Management)
Ms. Kathleen Pighini (Sr. VP, Corp. Controller & Chief Accounting Officer)
Mr. Dwight D. Smith (Exec. VP & Chief Information Officer)
Mr. Neal H. Goldner (VP of Investor Relations)
Mr. James H. Hunter IV (Exec. VP, Gen. Counsel & Sec.)
Erica Ettori (VP of Global Communications)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Marriott_Vacations_Worldwide
https://in.investing.com/equities/marriott-vacations-worldwide-corp
https://finance.yahoo.com/quote/VAC/profile?p=VAC
https://www.comparably.com/companies/marriott/mission
https://www.crunchbase.com/organization/marriott-vacations-worldwide
https://sec.report/CIK/0001524358
Mr. Stephen P. Weisz (CEO & Director)
Mr. John E. Geller Jr. (Pres)
Mr. Anthony E. Terry (Exec. VP & CFO)