Marriott Vacations Worldwide Corporation (NYSE:VAC) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET

Company Participants

Neal Goldner - Vice President, Investor Relations
John Geller - President and Chief Executive Officer
Jason Marino - EVP and Chief Financial Officer

Conference Call Participants

Brandt Montour - Barclays
Ben Chaiken - Mizuho
Patrick Scholes - Truist Securities
David Katz - Jefferies

Operator

Greetings, and welcome to the Marriott Vacations Worldwide Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Neal Goldner, Vice President, Investor Relations.

Neal Goldner

Thanks, Rob, and welcome to the Marriott Vacations Worldwide third quarter earnings conference call. I am joined today by John Geller, our President and Chief Executive Officer; and Jason Marino, our Executive Vice President and Chief Financial Officer.

I need to remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties, which could cause future results to differ, materially from those expressed in or implied by our comments. Forward-looking statements in the press release, as well as comments on this call, are effective only when made and will not be updated as actual events unfold. Throughout the call, we will make references to non-GAAP financial information. You can find a reconciliation of non-GAAP financial measures in the schedules attached to our press release and on our website.

With that, it's now my pleasure to turn the call over to John Geller.

John Geller

Thanks, Neal. Good morning, everyone, and thank you for joining our third quarter earnings call. Before we begin, our thoughts go out to all the people in North Carolina, Florida, and elsewhere who were impacted by Hurricanes Helene and Milton. Fortunately, all of our associates are safe and none of our Vacation Ownership resorts had significant damage.

Turning to our results for the quarter, as we've always said, people want to go on vacation regardless of the economic environment. And that was, again, evident this quarter, running nearly 90% resort occupancy and increasing contract sales year-over-year. Recognizing that while consumers continue to face economic pressures, they also place high value on experiences offered by our brands.