Hilton Grand Vacations Inc. (NYSE: HGV)

Hilton Grand Vacations Inc. is a global timeshare company engaged in developing marketing selling managing and operating timeshare resorts timeshare plans and ancillary reservation services primarily under the Hilton Grand Vacations brand.

As of September 30 2025 the company had more than 200 properties located in the United States Europe Canada the Caribbean Mexico and Asia.

It also reported more than 720000 members across its club offerings as of the same date.

The company generates revenue from the sale of vacation ownership interests from consumer financing of those purchases and from fee for service commissions earned when marketing and selling timeshare products for third party developers.

It also earns income from managing resorts and clubs from rental of inventory and from ancillary offerings such as food beverage retail and spa services.

The company operates through the following segments: Real estate sales and financing and Resort operations and club management.

• The Real estate sales and financing segment develops markets and sells deeded and trust vacation ownership interests provides consumer financing for those purchases earns fee for service commissions from third party developers and manages inventory through just in time agreements.

• The Resort operations and club management segment manages homeowners associations operates timeshare resorts runs club exchange programs rents available inventory and provides ancillary services such as food beverage retail and spa offerings.

Hilton Grand Vacations Inc. holds a leading position in the global vacation ownership industry competing with companies such as Marriott Vacations Worldwide and Wyndham Destinations.

Its competitive advantages include the strong affiliation with the Hilton brand a large and diverse property portfolio a member base exceeding seven hundred thousand and a capital light approach that leverages fee for service and just in time arrangements to limit upfront investment.

The company serves individual consumers seeking vacation ownership primarily middle to upper income leisure travelers existing owners who are members of its clubs and third party owners of the resorts it manages.