Update on Full-Year 2020 Guidance
HGV disclosed in its Q4 2019 earnings announcement that its 2020 Adjusted EBITDA and Contract Sales Growth guidance did not include the impact of the COVID-19 outbreak. Given increased uncertainty around the impact of the coronavirus on the Company’s financial results, the Company is withdrawing its full-year 2020 guidance.
“As a result of continued uncertainty surrounding the coronavirus, including recent government actions and travel restrictions, we are withdrawing our full-year 2020 guidance,” said Mark Wang, president and CEO of Hilton Grand Vacations. “The health and safety of our owners, guests and team members remains our highest priority. While the situation continues to evolve, we continue to believe in the resilience of our business over time, which we have witnessed during prior periods of volatility.”