other material
confidence high
sentiment negative
materiality 0.75
HGV sees $20-25M Q3 contract sales hit, $12-15M EBITDA hit from Maui wildfires
Hilton Grand Vacations Inc.
- Neither Maui property (Kā‘anapali Beach Club, Maui Bay Villas) sustained physical damage, business interruption insurance in place.
- Q3 2023 impact estimated: $20-25M in contract sales, $12-15M in Adjusted EBITDA.
- Hawaii contract sales were ~16% of total TTM ended June 30, 2023; Maui properties over 20% of Hawaii sales.
- Nearly $500,000 in relief provided to team members, residents, and local charities.
- Company to present at Bank of America Gaming & Lodging Conference on Sept. 7.