
Orlando timeshare giant buying back shares amid coronavirus crisis
As the coronavirus pandemic wreaks havoc on travel and the U.S. tourism industry pleads for public help, one of the world’s largest timeshare companies plans to use the opportunity to buy bac…

Orlando-based Hilton Grand Vacations Inc., the timeshare industry’s No. 2 player by sales, said this week that it has budgeted an extra $155 million to repurchase shares. The company’s share price has plummeted 60 percent in the past month, amid a broader stock market collapse triggered by the spread of the new and highly contagious coronavirus, which has brought global travel to a near-standstill.