Benzinga | Jun 23, 2021 12:27PM EDT

Marriott Vacations Raises Q2 Contract Sales Outlook

* Marriott Vacations Worldwide Corp (NYSE:VAC) has raised its second-quarter contract sales guidance to $345 million-$355 million, from previously stated guidance of $320 million-$340 million.

* Occupancies and tours continued to grow sequentially in the second quarter from the first quarter, and volume per guest (VPG) remained well above the 2019 levels.

* Combined Owner and Preview reservations on the books for the second half of 2021 are 15% higher than in 2019.

* The Company will report financial results for Q2 2021 on or about July 28, 2021.

* Price action: VAC shares traded higher by 1.87% at $163.24 on the last check Wednesday.