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Management Fees (USD Mil) of hospitality usually include the salary of managers. A lower management fee is better.
Marriott Vacations Worldwide's Management Fees (USD Mil) for the quarter that ended in Dec. 2023 was 202.00 , which higher from pervious quarter (Sep. 2023)'s result by 312.24%.
Marriott Vacations Worldwide's Management Fees (USD Mil) for the annual that ended in Dec. 2023 was 180.00 , which higher from pervious year (Dec. 2022)'s result by 8.43%.
The historical rank and industry rank for Marriott Vacations Worldwide's Management Fees (USD Mil) or its related term are showing as below:
The historical data trend for Marriott Vacations Worldwide's Management Fees (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Marriott Vacations Worldwide Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Management Fees (USD Mil) | Get a 7-Day Free Trial | ||||||||||
Revenue From Vacation Rentals And Timeshares (USD Mil) | Get a 7-Day Free Trial |
Marriott Vacations WorldwideQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Management Fees (USD Mil) | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Revenue From Vacation Rentals And Timeshares (USD Mil) | Get a 7-Day Free Trial |
For the Resorts & Casinos subindustry, Marriott Vacations Worldwide's Management Fees (USD Mil), along with its competitors' market caps and Management Fees (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marriott Vacations Worldwide (NYSE:VAC) Management Fees (USD Mil) Explanation
Management Fees (USD Mil) are one of the major costs for hospitality businesses.
Base management fees should be set so that they compensate managers for their cost of doing business, including overhead and base salaries. This is compensation for showing up to work and thus, should not be a source of profit for management companies as it generally is now. Usually, base management fees are approximately 1.0% to 2.0% of total revenue for most hotels, depending on size, or a duly considered flat fee.
Since it is a cost, a lower management fee is better. However, we also need to measure its effectiveness. Management’s effectiveness is evidenced by two primary results: the ability to generate an appropriate share of top line revenue within the relevant competitive market (in other words, to produce the highest possible level of Revenue per Available Room (USD)); and to convert that revenue into as much sustainable cash flow available to the owner (net operating income, or NOI) as possible.
Thank you for viewing the detailed overview of Marriott Vacations Worldwide's Management Fees (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason P Marino | officer: EVP, Chief Financial Officer | 9002 SAN MARCO COURT, ORLANDO FL 32819 |
Anthony E Terry | officer: EVP, CFO | 9002 SAN MARCO COURT, ORLANDO FL 32819 |
Geller John E Jr | officer: Exec. VP and CFO | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Raman Bukkapatnam | officer: EVP & CIO | 9002 SAN MARCO COURT, ORLANDO FL 32819 |
Dwight D. Smith | officer: Sr. VP & CIO | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Stephanie Sobeck Butera | officer: EVP & COO of HVO | 9002 SAN MARCO CT, ORLANDO FL 32819 |
Michael E. Yonker | officer: Sr. VP & Chief HR Officer | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Lizabeth Kane-hanan | officer: Exec. VP & Chief Growth & Inv. | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Kathleen A. Pighini | officer: SVP and CAO | 9002 SAN MARCO COURT, ORLANDO FL 32819 |
Jonice Gray Tucker | director | 9002 SAN MARCO COURT, ORLANDO FL 32819 |
R. Lee Cunningham | officer: Exec VP & COO-N.Am & Carribean | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Melquiades R. Martinez | director | 450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443 |
Hunter James H. Iv | officer: Exec. VP & General Counsel | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Brian E. Miller | officer: ExecVP-Sales,Marketing&ServOp | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
Stephen P Weisz | director, officer: President & CEO | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
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