Hilton Grand Vacations (US:HGV)2021-04-30 22:12Performance & Recovery - Open domestic regional markets, like Myrtle Beach, Park City, Hilton Head, and Southern California, showed strong performance, recently exceeding 2019 levels and accounted for 10% of contract sales in 2019[3] - Open domestic destination markets, including Las Vegas and Orlando, experienced a steady recovery with a notable late-quarter uptick and accounted for 40% of contract sales in 2019[5] - Japan demonstrated strong close-rate performance, driving a contract sales rebound and accounted for 12% of contract sales in 2019[6] - Forward bookings are stable at approximately 400,000 and are at 98% of 2019 levels[7] - Forward arrivals are at 91% of 2019 levels[8] Package Sales & Future Tours - 83% of marketing and sampler packages have not yet been booked, indicating a substantial pipeline for future tours[8] - The company's substantial pipeline of prepaid vacation packages will convert to future tours, with 83% still un-booked compared to 81% in the prior year[9] - Package sales trends continue to support the pipeline[10] Acquisition of Diamond Resorts - The acquisition of Diamond Resorts presents a transformational opportunity for the company[11] - The acquisition is expected to generate over $125 million in run-rate cost synergies within the first 24 months following the deal's closure[12] - The acquisition is expected to increase recurring EBITDA streams and drive overall cash flow, with adjusted free cash flow per share accretion in year one[12]