Marriott Vacations raises 2022 contract sales guidance by $100M

MARRIOTT VACATIONS WORLDWIDE Corp

Full year contract sales guidance increased by $100M on strong owner occupancies and tour growth.
Adjusted EBITDA and adjusted free cash flow expected above prior guidance for 2022.
Higher owner usage reduces rental and exchange revenue/profit; company sees normalization in 2023.
Adjusted development profit margin expected to remain strong for full year 2022.

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