Brief: Hilton Grand Vacations Provides Update On Impact From Maui Wildfires

Hilton Grand Vacations

05/09/2023 22:27

Sept 5 (Reuters) - Hilton Grand Vacations Inc  HGV.N :
    * HILTON GRAND VACATIONS PROVIDES UPDATE ON IMPACT FROM MAUI
WILDFIRES
    * HILTON GRAND VACATIONS INC: NEITHER MAUI PROPERTY
SUSTAINED
PHYSICAL DAMAGE, AND COMPANY MAINTAINS BUSINESS INTERRUPTION
INSURANCE AT BOTH PROPERTIES
    * HILTON GRAND VACATIONS INC - WE'RE CONTINUING TO ASSESS
IMPACT
OF WILDFIRE ON OUR BUSINESS
    * HILTON GRAND VACATIONS INC: WE'RE ANTICIPATING A
SIGNIFICANT
DECLINE IN CONTRACT SALES ACTIVITY AT OUR MAUI PROPERTIES FOR
REMAINDER OF YEAR
    * HILTON GRAND VACATIONS INC: OUTSIDE OF AFFECTED MAUI
RESORTS, WE
HAVE NOT YET SEEN AN UPTICK IN CANCELLATION ACTIVITY AT OUR
OTHER HAWAIIAN PROPERTIES
    * HILTON GRAND VACATIONS - ESTIMATE THAT IMPACT OF WILFIRES
TO Q3
2023 WILL BE $20 TO $25 MILLION IN CONTRACT SALES AND $12 TO $15
MILLION IN ADJUSTED EBITDA

Source text for Eikon:  ID:nBw3KyvSha 
Further company coverage:  HGV.N 

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