HGV · Hilton Grand Vacations Inc.

Hilton Grand Vacations delivered a strong first quarter 2026, exceeding expectations with Adjusted EBITDA of $249 million compared to $180 million in the prior year period. CEO Mark Wang attributed the performance to disciplined execution and efficiency initiatives that drove margin expansion. Total revenues grew to $1.285 billion, supported by a $109 million increase in the Real Estate Sales and Financing segment, despite a slight decrease in total contract sales. The results were impacted by a net construction deferral of $18 million, significantly lower than the $68 million deferral in the prior year. The company demonstrated confidence in its outlook by raising full-year 2026 Adjusted EBITDA guidance to a range of $1.225 billion to $1.265 billion. Capital allocation remained active, with $150 million deployed for share repurchases in the quarter and an additional $41 million in April. Subsequent to the quarter end, the company completed a $500 million securitization at a 5.13% rate and finalized the acquisition of the remaining interest in the Elara timeshare resort for $129 million, signaling continued portfolio optimization and strategic growth.