Marriott Vacation Club (MVC) is a popular timeshare program that offers its members exclusive access to luxurious vacation properties across the globe. Many people assume that Marriott International, the hospitality giant, owns Marriott Vacation Club.
However, the reality is quite different.
What is Marriott Vacation Club?
Before we dive into the question of ownership, let’s first understand what Marriott Vacation Club is all about.
Marriott Vacation Club is a timeshare program that allows members to own a piece of a resort property for a certain number of weeks each year. Members can use their weeks either at their home resort or exchange them for stays at other Marriott Vacation Club properties around the world.
The program has been in operation since 1984 and has since grown to include over 60 resorts in popular destinations worldwide. The resorts offer spacious villas and apartments equipped with all the amenities necessary for a comfortable stay.
Who Owns Marriott Vacation Club?
Contrary to popular belief, Marriott International does not own Marriott Vacation Club outright. In fact, Marriott spun off its timeshare division into a separate company called Marriott Vacations Worldwide (MVW) in 2011.
Marriott Vacations Worldwide is an independent company that operates and manages the Marriott Vacation Club brand of timeshare properties. While MVW does have a licensing agreement with Marriott International to use the name and brand of “Marriott,” it operates as an entirely separate entity from its former parent company.
The Relationship between MVW and Marriott International
Although MVW operates independently from Marriott International, there are still some connections between the two companies.
For example, MVW has an exclusive license agreement with Marriott International that allows it to use the name “Marriott” in its branding and marketing. Additionally, Marriott International owns a small stake in MVW, which gives it some degree of influence over the company’s operations.
Despite these connections, MVW is its own separate entity with its own management team and board of directors. It operates independently from Marriott International and has its own set of shareholders.
Conclusion
To sum up, Marriott International does not own Marriott Vacation Club. Instead, the timeshare program is owned and operated by Marriott Vacations Worldwide, an independent company that was spun off from Marriott International in 2011.
While there are still some connections between the two companies, MVW operates as a separate entity with its own management team and board of directors. Members can rest assured that they are dealing with a reputable company that is solely focused on providing them with the best possible vacation experiences.