HGV Price Target Cut to $40 From $54 by Barclays. Video @ 10. fell 12% I guess

[Reddart]

Another view:

https://seekingalpha.com/article/4713235-hilton-grand-vacations-a-hidden-gem-at-an-unbelievable-price?mailingid=36369969&messageid=must_reads&serial=36369969.2134086&source=email_must_reads&utm_campaign=Must%2BReads%2Brecurring%2B2024-08-10&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads

 

[WaikikiFirst]

Another view

That's what makes a market

 

[MM9]

Another view:

https://seekingalpha.com/article/4713235-hilton-grand-vacations-a-hidden-gem-at-an-unbelievable-price?mailingid=36369969&messageid=must_reads&serial=36369969.2134086&source=email_must_reads&utm_campaign=Must%2BReads%2Brecurring%2B2024-08-10&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads

Given my professional background, I wouldn't consider purchasing any travel-related services company for at least several more months. I believe we haven't reached the bottom yet, although the company is indeed trading below its intrinsic value.

The real question is: where is the bottom, and when will consumers start spending more on travel again? It seems that most people are currently prioritizing their disposable income for rising housing and living costs, rather than on vacations and entertainment.

 

[WaikikiFirst]

not sure when I'll get to the conf call, but quick look at 10Q highlight / lowlight:
" for the three and six months ended June 30, 2024, compared to the same periods in 2023. Excluding the impact of $189 million and $325 million related to the Bluegreen Acquisition, contract sales decreased $44 million and $72 million, respectively, primarily due to a decrease in tour flow and VPG, when compared to the same periods in 2023."
That's not good. Conf call must have much discussion of that. and since 2 x 44 > 72, w/o digging into seasonality, it seems to be gettng worse

 

[Chris-ATX]

You need to get creative with Europe travel. We saw $700ish tickets from ATL to Barcelona for Christmas so grabbed them and then will fly from there to Prague, train to Berlin, and the fly back Barcelona....regional flights in Europe are cheap...so you just need to get there. We went on spring break in Dublin this year and the flights were inexpensive for ATL.

Love Prague.

Interesting idea to train to Berlin. Our last visit we got a private driver to takes us Prague to Munich. Was awesome

 

[HuskerATL]

Love Prague.

Interesting idea to train to Berlin. Our last visit we got a private driver to takes us Prague to Munich. Was awesome

I was planning to do a Spain Christmas but my wife wants the Christmas markets in Prague and NYE in Berlin. Prague is supposed to be very nice at Christmas time.

 

[Chris-ATX]

We looked to go in December but can’t find flights we are willing to spend. So no go. Heading to Vancouver instead (but London in OCT to see David Gilmour at Royal Albert Hall makes it all ok!)

Will try PRA again in 2025

 

[HuskerATL]

We looked to go in December but can’t find flights we are willing to spend. So no go. Heading to Vancouver instead (but London in OCT to see David Gilmour at Royal Albert Hall makes it all ok!)

Will try PRA again in 2025

We saw the cheap flights to Barcelona so bought them .. Then built off of that. We spent a month in Spain with trips to Gibraltar and Tangier a few years ago using RCI in Spain. It was one of our best trips and we have gone on a lot of trips so highly recommend that trip. Homebase in Malaga but went to Madrid, Seville, Rhonda, Nerja, Cordoba, Grenada... Really liked Grenada. Day trip to Gibraltar and took the ferry to Tangier for 4 days... Great trip.