2022 HGV 2nd Quarter Investors Call Transcript

[dayooper]

HGV had their 2022 Investors call today. I’ll link the full transcript below, but here are my thoughts and highlights I picked out.

The company is doing fine. They do a lot of comparison to Q2 of 2019 throughout the call. I understand these are rah-rah sessions, but they seem to be doing fine and, reading between the lines, they think they are doing fine as well.

Highlights:

• They expect they will have 75,000 HGV Max members by the end of 2022
• They had 1,400 new Diamond members this quarter
• 70% of their sales was from existing members, down from 73% in Q1. Goal is 60/40 existing/new member sales.
• Mainland sales were 120% of Q2 sales in 2019. Pacific sales were only at 80%
• Occupancy ranged from 75% to 83% in Q2
• The average member books their reservation at 200 days prior while the rentals are at 75 days

That pretty much it. They are making money and that’s good for us members.

Edit - They are buying back stock like crazy. They want to buy back $960 - $990 million in stock by the end of the year. They are at $617 million as of July 1.

Hilton Grand Vacations Inc. (HGV) Q2 2022 Earnings Call Transcript | The Motley Fool

HGV earnings call for the period ending June 30, 2022.

www.fool.com

 

[escanoe]

• They expect they will have 75,000 HGV Max members by the end of 2022

I would love to know how many of these will be on the HGVC side versus the HGV/DRI side.

If the 10 month our booking request or reports of single day bookings through Max amount to anything ... that sounds like enough people over time to make hard to land bookings get harder.