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ORLANDO - Marriott Vacations Worldwide Corporation (NYSE: VAC), a global leader in vacation ownership and resort management, has announced the addition of Matthew Avril and James Dausch as independent directors to its board, effective March 4, 2025. The appointments are part of the company’s ongoing board refreshment process, coinciding with the retirement of board members Melquiades Martinez and Raymond (NSE:RYMD) Gellein. According to InvestingPro data, VAC maintains strong financial health with a current ratio of 4.56, indicating robust liquidity. The company has consistently maintained dividend payments for 12 consecutive years, demonstrating long-term stability.
Matthew Avril brings over three decades of executive experience in the hospitality sector, having previously held the position of CEO at Diamond Resorts International, Inc., and leadership roles at Starwood Hotels & Resorts Worldwide, Inc., and Vistana Signature Experiences, Inc. His expertise spans marketing, sales, finance, operations, and human resources.
James Dausch has over 25 years of experience in driving growth strategies for renowned brands, including a significant tenure at Marriott International (NASDAQ:MAR), Inc. Currently serving as Global Chief Digital and Technology Officer at Pizza Hut, Yum! Brands (NYSE:YUM), Inc., Dausch’s background includes executive roles at Under Armour (NYSE:UA), Inc., and extensive experience in operations, finance, sales, marketing, and digital transformation.
William Shaw, Chair of Marriott Vacations Worldwide’s Board of Directors, expressed confidence in the new appointees, stating that their combined experience and deep understanding of the industry will be instrumental in advancing the company’s strategic objectives, particularly in leveraging technology to modernize the business.
Marriott Vacations Worldwide is known for its commitment to high standards of excellence and innovation in the vacation industry, with a portfolio that includes approximately 120 vacation ownership resorts and a network of over 3,200 affiliated resorts worldwide.
The company seeks to maximize long-term shareholder value through its strategy of enhancing technology and services in the vacation ownership and resort management space. The information for this announcement is based on a press release statement.
In other recent news, Marriott Vacations Worldwide announced an increase in its quarterly cash dividend to $0.79 per share, marking a 4% rise from the previous payout. This decision reflects the company’s confidence in its growth strategy and commitment to delivering shareholder value. Truist Securities maintained a Buy rating for Marriott Vacations, setting a price target of $142.00, citing significant potential for upside in 2025. Barclays (LON:BARC) upgraded the stock from Equalweight to Overweight, raising its price target to $116, driven by positive expectations for the timeshare industry and the company’s operations in Maui. Stifel also raised its price target from $102.00 to $112.00, while revising its earnings per share estimates upward for 2025 and 2026, indicating a positive outlook on the company’s financial performance. The recent upgrades and dividend increase highlight a strong focus on recovery and growth potential for Marriott Vacations Worldwide.
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