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Marriott Vacations Worldwide Provides Hurricane Dorian Update

bazzap

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MVW Investor Relations have just posted this update
http://ir.marriottvacationsworldwide.com/node/13531/pdf

ORLANDO, Fla., Sept. 25, 2019 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) provided an update today on the anticipated impact of Hurricane Dorian on its operations. While the company continues to assess the total impact resulting from Hurricane Dorian, as of today all of the impacted resorts have re-opened.

The company's current assessment is that the physical damage resulting from Hurricane Dorian to the resorts and sales centers operated by the company was minimal. However, mandatory evacuations resulted in resort and sales center closures for several days at multiple locations and flight interruptions and cancellation of reservations and scheduled tours further impacted sales operations. The company expects contract sales in the third quarter to be adversely impacted by approximately $6 million to $8 million. In addition, the company expects Vacation Ownership rental and ancillary operations and its Exchange and Third-Party Management business to be negatively impacted. As a result, the company expects third quarter Adjusted EBITDA to be adversely impacted by approximately $3 million to $5 million.
 

TXTortoise

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Given the relative short impact window this time around, the projected $6M-$8M reduction in sales from mid-atlantic resorts puts into perspective the sales volume of on-site sales centers...and why folks still sign-up to be sales staff. ;-)
 

controller1

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Given the relative short impact window this time around, the projected $6M-$8M reduction in sales from mid-atlantic resorts puts into perspective the sales volume of on-site sales centers...and why folks still sign-up to be sales staff. ;-)

I was thinking the same thing.
 
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