Cookie Statement

This website uses cookies to ensure users get the best experience on our website. LEARN MORE

Travel Alert

Read the latest information and updates for HGV Owners and Guests. LEARN MORE

Press Release

Hilton Grand Vacations Reports Record Third Quarter 2021 Results

Lauren George

ORLANDO, Fla. (Nov. 9, 2021) – Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today reports its third quarter 2021 results.


Third Quarter 2021 Results1

  • Contract sales in the third quarter were $433 million.
  • Legacy-HGV contract sales of $290 million were 81% of Q3 2019 contract sales.
  • Diamond contributed $143 million during the 59 days of HGV ownership.
  • Member count increased for the fifth straight quarter, and Net Owner Growth (NOG) for our Legacy-HGV business in the 12 months ended Sept. 30, 2021 is 1.2%.

  • Realized substantial cost synergy capture of $70 million on an annualized basis related to our acquisition of Diamond, achieving over half of our targeted 24-month, $125+ million synergy goal.

  • Total revenues for the third quarter were $928 million compared to $208 million for the same period in 2020.
    • Total revenues were affected by a recognition of $241 million in the current period compared to a deferral of $13 million in the same period in 2020.
  • Net income for the third quarter was $99 million compared to ($7) million net loss for the same period in 2020.
    • Net income was affected by a net recognition of $133 million in the current period compared to a net deferral of $8 million in the same period in 2020.
  • Diluted EPS for the third quarter was $0.90 compared to ($0.08) for the same period in 2020.
    • Diluted EPS was affected by a net recognition of $133 million in the current period compared to a net deferral of $8 million in the same period in 2020, or $1.22 and ($0.09) per share in the current period and the same period in 2020, respectively.
  • Adjusted EBITDA for the third quarter was $340 million compared to $19 million for the same period in 2020.
    • Legacy-HGV Adjusted EBITDA was $251 million for the quarter.
    • Diamond contributed $89 million to Adjusted EBITDA for the quarter.
    • Adjusted EBITDA and Legacy-HGV Adjusted EBITDA were affected by a net recognition of $133 million in the current period compared to a net deferral of $8 million in the same period in 2020.
  • View the full release

    Hilton Grand Vacations

    Lauren George

    Director, Corporate Communications
    Hilton Grand Vacations
    P: 1-407-613-8431 
    E: lauren.george@hgv.com

     

     

    Mark Melnyk

    Vice President, Investor Relations
    Hilton Grand Vacations
    P: 1-407-613-3327 
    E: mark.melnyk@hgv.com