worldwide corporation type public traded as nyse vac industry hospitality tourism founded hilton head south carolina usa headquarters orlando florida united states revenue us 1.75 billion 2013 1 net income us 80 million 2013 1 total assets us 2.632 billion 2013 1 total equity us 1.2 billion 2013 1 number of employees 10 000 jan 2014 1 website marriott vacations worldwide marriott vacations worldwide corporation nyse vac is the world s leading pure play public timeshare company . citation needed formerly a division of marriott international marriott vacations worldwide was established as a separate publicly traded entity focusing primarily on vacation ownership in november 2011 . 2 marriott vacations worldwide runs more than 60 resorts with over 400 000 owners and members . citation needed its brands include marriott vacation club 3 grand residences by marriott 4 and the ritz carlton destination club . 5 contents 1 history 2 similar programs 3 references 4 external links history edit marriott ownership resorts inc. mori was established on april 17 1984 with the acquisition of american resorts on hilton head island south carolina . marriott s monarch became the first mori resort . 6 in 1995 mori became marriott vacation club international . the move reflected the company s evolution from real estate development and sales focus to delivering an overall vacation experience . 7 in 1997 the company expanded to europe with its first resort in marbella spain . in 2001 the first asian resort in phuket thailand was added to the company s collection . similar to its successful segmentation of the lodging industry pioneered in the 1980s marriott vacation club international introduced the ritz carlton destination club in 1999 a luxury fractional ownership offering . 5 two years later the grand residences by marriott brand was created . the first property opened in 2002 in south lake tahoe california . 7 in 2007 marriott vacation club international began to market its core timeshare brand as marriott vacation club . 3 in 2010 the company launched its points based marriott vacation club destinations program in north america and the caribbean . this change was the most significant program innovation in the company s history and provided a new product offering increased flexibility . 8 similar programs edit disney vacation club hilton grand vacations company bluegreen corporation diamond resorts international references edit a b c d e f marriott vacations worldwide corporation form 10 k securities and exchange commission february 27 2014 marriott international focuses on lodging management and franchising completing spin off of vacation ownership business marriott news center a b marriott vacation club home marriott grand residence club a b the ritz carlton destination club luxury resorts for luxury travel marriott plans st. kitts timeshares washington business journal a b http www.marriottvacationsworldwide.com downloads presskits company history.pdf marriott vacation club introduces new vacation ownership program external links edit marriott vacations worldwide website v t e marriott international marriott corporation 1929 1993 marriott international 1992 luxury bulgari hotels & resorts jw marriott renaissance hotels ritz carlton full service ac hotels autograph collection delta hotels edition hotels gaylord hotels marriott hotels & resorts moxy hotels focused service short term lodging courtyard fairfield inn springhill suites extended stay lodging execustay residence inn towneplace suites vacation ownership marriott vacations worldwide grand residence club marriott vacation club ritz carlton destination club loyalty program marriott rewards retrieved from https en.wikipedia.org w index.php title marriott vacations worldwide corporation & oldid 735858925 categories companies listed on the new york stock exchangetimeshare chainshidden categories pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from january 2012articles created via the article wizard navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 august 2016 at 15 32 . text is available under the creative commons attribution sharealike license ; 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