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Marriot Vacations (VAC) Expands in Central America, Opens Resort

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Zacks Equity Research
·3 min read
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Marriott Vacations Worldwide Corporation VAC recently announced the opening of Marriott Vacation Club at Los Sueños resort in Costa Rica. Developed by the collaboration of CPG Hospitality and Enjoy Group, this marks the first resort for the Marriott Vacation Club brand in Central America.

Located in the community of Los Sueños Resort and Marina, the new resort offers 24 two-bedroom lock-off villas with areas ranging from 393 square feet to 1,129 square feet. Moreover, it provides guests access to Los Sueños Marriott Ocean & Golf Resort, Sibö Rainforest Spa & Retreat, tennis courts, mini golf, Tortuga kids club and five restaurants. It also offers convenient access to the Marina Village featuring a 200-slip marina, waterfront restaurants and shops.

In this regard, Brian Miller, president, vacation ownership for Marriott Vacations Worldwide, stated, "Our Owners and guests are excited to explore new destinations, and we are happy to offer them another new travel adventure with our first resort in Costa Rica."

Currently, the resort is available for owners through the Marriott Vacation Club Destinations Exchange Program. Also, rental guests can avail the services through bookings from official website.

Price Performance

Coming to price performance, shares of Marriot Vacations have gained 56.7% in the past six months compared with the industry’s 35.7% growth. Notably, with lockdowns being lifted, occupancy rates have surged back to the 70% range. This reflects on people’s willingness to go on vacations. This along with increased focus on digitization is likely to boost the company’s performance going forward. Moreover, earnings estimates for 2021 have moved up in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.

Zacks Rank & Key Picks

Marriot Vacations currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Zacks Consumer Discretionary sector include Vista Outdoor Inc. VSTO, Mattel, Inc. MAT and TEGNA Inc. TGNA, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

2021 earnings for Vista Outdoor and Mattel are expected to surge 1,033.3% and 41.8%, respectively.

TEGNA Holdings has a three-five year earnings per share growth rate of 10%.

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Mattel, Inc. (MAT) : Free Stock Analysis Report
 
Marriot Vacations Worldwide Corporation (VAC) : Free Stock Analysis Report
 
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TEGNA Inc. (TGNA) : Free Stock Analysis Report
 
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