Marriott Vacations raises 2026 adjusted EBITDA guidance midpoint to $820 million
VAC•Marriott Vacations Worldwide raised its 2026 adjusted EBITDA guidance midpoint to $820 million and its contract sales midpoint to $2.13 billion. It forecast fourth-quarter adjusted EBITDA of $218 million to $238 million and full-year adjusted free cash flow of $420 million at the midpoint.
1. Raised full-year outlook
Marriott Vacations Worldwide raised its 2026 adjusted EBITDA guidance midpoint to $820 million and its contract sales midpoint to $2.13 billion. The outlook includes $16 million in hurricane-related lost profits, including $11 million in the fourth quarter, primarily from the Sheraton Kauai closure. Full-year adjusted free cash flow is projected at $420 million at the midpoint, implying adjusted EBITDA conversion in the low 50% range.
2. Quarterly results and forecast
The company forecast fourth-quarter adjusted EBITDA of $218 million to $238 million and contract sales of $599 million to $619 million. Third-quarter adjusted EBITDA rose 27% to $216 million, while contract sales grew 29% to $565 million.
