Bluegreen Acquisition and Integration
Hilton Grand Vacations closed the Bluegreen acquisition, adding nearly 200,000 members and expanding the portfolio to more than 200 properties. They made substantial progress towards realizing $100 million in cost synergies.
HGV Max Launch and Membership Growth
Launched HGV Max to Bluegreen members, resulting in strong initial uptake with nearly 5,000 new members in less than 2 months. HGV Max member base grew 34% to more than 193,000.
Record Free Cash Flow
Generated record free cash flow of $837 million and returned a record amount to shareholders, over $432 million.
Strong VPG and Contract Sales Growth
Reported contract sales of $837 million and adjusted EBITDA of $289 million. VPG was 4,026, over 20% ahead of 2019 levels, with strong performance in both owner and new buyer channels.
APAC Region Performance
Strong performance in APAC region, particularly with high demand for remaining inventory at the Okinawa project and initial sales launch of the new Kohaku property in Waikiki.