Hilton Grand Vacations Inc.
hiltongrandvacations.comWhat Do They Do?
Sells vacation ownership interests and operates timeshare resorts and vacation clubs for leisure travelers.
10-K for FY2025, filed Feb 26, 2026We are a global timeshare company engaged in developing, marketing, selling, managing and operating timeshare resorts, timeshare plans and…View ↗
VOI Sales—We sell our owned inventory and interests directly and, through our fee-for-service agreements, we sell VOIs on behalf of…View ↗
Resort Management—Our resort management services primarily consist of operating properties under management agreements for the benefit of…View ↗
How Do They Make Money?
Buyers purchase HGV-owned vacation interests; the company earns commissions on third-party sales and interest and servicing fees on loans. Members pay annual dues and exchange-related fees; homeowners’ associations pay management fees, while guests pay to rent units and use on-site services.
10-K for FY2025, filed Feb 26, 2026VOI Sales—We sell our owned inventory and interests directly and, through our fee-for-service agreements, we sell VOIs on behalf of…View ↗
Resort Management—Our resort management services primarily consist of operating properties under management agreements for the benefit of…View ↗
We originate loans for members purchasing our developed and acquired VOIs who qualify according to our underwriting criteria. We generate…View ↗
Real estate sales and financing – We market and sell VOIs that we own. We also source VOIs through fee-for-service agreements with…View ↗
$5B
-
10-K for FY2025, filed Feb 26, 2026
$5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of VOIs, net
Sold outright
10-K for FY2025, filed Feb 26, 2026 |
36%
FY2022: 39%
|
Sales of VOIs, net, FY2025
$1.8B Sources
|
Sold outright |
|
Fee-for-service commissions, package sales and other fees
Sold outright
10-K for FY2025, filed Feb 26, 2026 |
13% |
Fee-for-service commissions, package sales and other fees, FY2025
$664M Sources
|
Sold outright |
|
Financing
Recurring
10-K for FY2025, filed Feb 26, 2026 |
10%
FY2022: 7.0%
|
Financing, FY2025
$513M Sources
|
Recurring |
|
Resort and club management
|
15%
FY2022: 14%
|
Resort and club management, FY2025
$778M Sources
|
|
|
Rental and ancillary services
Usage-based
10-K for FY2025, filed Feb 26, 2026 |
15%
FY2022: 16%
|
Rental and ancillary services, FY2025
$746M Sources
|
Usage-based |
|
Cost reimbursements
|
11%
FY2022: 7.7%
|
Cost reimbursements, FY2025
$534M Sources
|
Who Are Their Customers?
Vacation buyers purchase VOIs through HGV’s in-market and off-site sales centers; HGV also reaches prospects through Bass Pro and Cabela’s retail locations and Choice Hotels marketing channels.
10-K for FY2025, filed Feb 26, 2026
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 5 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
-
Jul 30, 2026
Reiterated full-year adjusted EBITDA guidance
HGV reiterated full-year adjusted EBITDA guidance, excluding deferrals and recognitions, at $1.225 billion to $1.265 billion.
Sources
8-K, filed Jul 30, 2026
Total contract sales were $810 million. Total revenues were $1.358 billion. Total revenues were affected by a net construction deferral of…View ↗
Growing. Revenue grew 2.2x in 4 years, from $2.3B in FY2021 to $5B in FY2025, about 21% a year.
Bluegreen vacation offerings
The latest report includes Bluegreen’s points-based, perpetual-use-right product and its Vacation Club members alongside the Hilton and Diamond offerings described in the older report.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 26, 2026We are a global timeshare company engaged in developing, marketing, selling, managing and operating timeshare resorts, timeshare plans and…View ↗
Through the Bluegreen Acquisition, we also offer a points-based use right in perpetuity coupled with a freehold estate whereby upon…View ↗
Who Do They Compete With?
Competes with Marriott Vacations Worldwide, Travel + Leisure, Disney, Holiday Inn Club Vacations, Westgate Resorts, and Berkley Group
10-K for FY2025, filed Feb 26, 2026Our timeshare business competes with other timeshare developers for sales of VOIs based principally on location, quality of accommodations…View ↗
Loading...
