Orlando: Headquarters of Marriott Vacations Worldwide
Thursday, August 25th, 2011Orlando is the new corporate headquarters of Marriott Vacations Worldwide Corporation, the first large publicly traded company focused almost exclusively on selling timeshares. Marriott was the hotel industry’s timeshare pioneer being the first hotel brand to enter the timeshare business, in 1984, ending an era in which timeshares had largely been the province of independent operators and the target of consumer criticism. Marriott Vacations Worldwide Corporation is a spin-off of Marriott and the new operations will have little effect on its 2,650 timeshare employees in Orlando and 10,000 worldwide, and it should be a fairly seamless transition for customers of it vacation ownership resorts. There are currently 64 Marriott resorts with 400,000 owners and revenue reaching $1.6 billion in 2010 with a reported profit of $67 million
