Hilton Grand Vacations Inc - Company Profile
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Business Description
Hilton Grand Vacations Inc (HGV) is into marketing and selling vacation ownership interests (VOI). It also manages vacation resorts and operates points-based vacation clubs. The vacation ownership products are offered through Hilton Grand Vacations Club, Hilton Club, and Diamond brands. The company offers vacation ownership with spacious accommodations, kitchens, and a range of amenities in various destinations in Hawaii, Virginia, Arizona, Florida, Nevada, and Washington D.C. in the US, and Japan, Mexico, the Caribbean, Canada, Asia Pacific and Europe.
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Business Segments
Overview
Sells its vacation ownership products in the US and the Asia-Pacific region through its distribution network of in-market and off-site sales centers under the Hilton Grand Vacations brand. Has sales distribution centers in Myrtle Beach, Park City, Hilton Head, Waikolo, Las Vegas, New York, Washington, D.C., Orlando, Oahu, a and Japan. Also offers loans to customers to purchase VOI(Vacation Ownership Interval)s.
Performance
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Overview
Focuses on resort management, club management and rental of available inventory. Resort management business operates properties for the benefit of homeowners’ association (HOAs) of VOI owners at its resorts and those owned by third parties under the management agreements. Club Management business operates Hilton Grand Vacations Club and the Hilton Club operating for VOI owners. Rental of Available Inventory business rents sold inventory and inventory made available due to ownership exchanges through Club programs.
Performance
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