Q2 2026 Hilton Grand Vacations Inc Earnings Call Transcript

Jul 30, 2026 / 01:00 PM GMT

Release Date Price: €40 (-11.11%)

Transcript 10-Q8-K

Key Points

Positve

Generated 239,000 tours in Q2 2026, a 6% increase year-over-year, marking the fourth consecutive quarter of consolidated tour growth.
Adjusted EBITDA grew 5% to $293 million, with margins expanding 40 basis points to 23%, reflecting cost discipline and efficiency programs.
New buyer tours increased at a high single-digit rate year-over-year, supporting long-term embedded value growth.
HGV Max membership grew 24% year-over-year to nearly 300,000 members, deepening member engagement and satisfaction.
Repurchased $150 million in shares during the quarter, demonstrating commitment to returning excess capital to shareholders.

Negative

Contract sales declined 3% year-over-year to $810 million, missing expectations due to execution challenges and VPG moderation.
VPG decreased 9% to approximately $3,400, pressured by a higher mix of trust transactions and new buyer sales, as well as execution issues at Bluegreen locations.
Sales execution fell short in key Bluegreen markets like Orlando and Myrtle Beach, requiring leadership changes and corrective actions.
Loan loss provision increased to 17% of contract sales, above the mid-teens target, due to higher financing propensity and mix shifts.
Full-year contract sales guidance revised to flat to down slightly, with Q3 expected to decline in the mid-single digits.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HGV.N - Hilton Grand Vacations Inc
Q2 2026 Hilton Grand Vacations Inc Earnings Call
Jul 30, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Hilton Grand Vacation, second quarter 2026 earnings conference call.

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