- Joined
- Nov 20, 2012
- Messages
- 3,430
- Reaction score
- 1,528
- Points
- 399
- Location
- San Jose, Ca
- Resorts Owned
- HGVC Kings Land, Elara, and Marriott Destination Club Points
I finally got around to listening to the HGVC quarterly conference call recording. Obviously mostly focused on the financial of the business but a few points were interesting as an owner:
The stated their network definitely will grow, as they have a smaller footprint than their competitors. While nothing specific was listed they stated interesting in adding properties in urban markets like Chicago and San Diego. They said the West Coast is under represented, and both Japan and China look really attractive for expansion. Japan has over 60K members, or around 20% and is up to 8 sales centers so its strong contender for new resorts.
They are also looking at mid-market opportunities to expand the customer base.. I am not entirely sure where those locations will be..
When asked about Maui…. They said no start date yet.. guess that is still pending, but not close enough to share a date.
On a separate note they also said they were being much more aggressive recently in buying back inventory off the open market as highly profitable for them. I know I lost a Kings Land unit to ROFR earlier this month, so guess I was not just unlucky and might be a trend… .
The stated their network definitely will grow, as they have a smaller footprint than their competitors. While nothing specific was listed they stated interesting in adding properties in urban markets like Chicago and San Diego. They said the West Coast is under represented, and both Japan and China look really attractive for expansion. Japan has over 60K members, or around 20% and is up to 8 sales centers so its strong contender for new resorts.
They are also looking at mid-market opportunities to expand the customer base.. I am not entirely sure where those locations will be..
When asked about Maui…. They said no start date yet.. guess that is still pending, but not close enough to share a date.
On a separate note they also said they were being much more aggressive recently in buying back inventory off the open market as highly profitable for them. I know I lost a Kings Land unit to ROFR earlier this month, so guess I was not just unlucky and might be a trend… .