Hilton Grand Vacations Reports 2.5% Revenue Growth and Significant Net Income Increase in Q2 2025

Hilton Grand Vacations Inc. (HGV) reported its financial results for the second quarter of 2025, revealing a total revenue of $1.266 billion, a 2.5% increase from $1.235 billion in the same period last year. The company’s net income attributable to stockholders rose significantly to $25 million, or $0.26 per share, compared to $2 million, or $0.02 per share, in the prior year. For the first half of 2025, total revenues reached $2.414 billion, up from $2.391 billion in the first half of 2024, while net income attributable to stockholders was $8 million, a recovery from a net loss of $2 million in the same period last year.

The company experienced notable changes in its operational metrics, with contract sales increasing by 10.2% to $834 million for the second quarter, driven by a 11.1% rise in volume per guest (VPG). However, sales of vacation ownership intervals (VOIs) decreased slightly to $469 million from $471 million year-over-year. The increase in contract sales was attributed to new inventory available for sale and improved sales performance, particularly among existing owners, who accounted for 74% of contract sales, up from 71% in the previous year.

Strategically, HGV completed the acquisition of Bluegreen Vacations Holding Corporation in January 2024, which has expanded its portfolio to over 200 properties across various regions, including the U.S., Europe, and Asia. The integration of Bluegreen has been a significant focus, with the company continuing to rebrand properties and enhance its marketing strategies, including a partnership with Bass Pro Shops to market vacation packages at retail locations. As of June 30, 2025, HGV had approximately 725,000 members across its Club offerings, reflecting a stable customer base.

Operationally, HGV reported a total employee headcount of 5,000 as of June 30, 2025, a slight increase from the previous year. The company also noted a rise in its timeshare financing receivables, which amounted to $2.979 billion, down from $3.006 billion at the end of 2024. The decrease was attributed to higher provisions for financing receivable losses, which increased to $180 million from $159 million year-over-year. The company’s liquidity position remains strong, with cash and cash equivalents totaling $269 million and restricted cash of $323 million.

Looking ahead, HGV anticipates continued growth driven by its strategic initiatives and the integration of Bluegreen. The company plans to leverage its expanded inventory and marketing partnerships to enhance sales and member engagement. Management expressed optimism about the future, citing a favorable market environment and the potential for increased contract sales as the company continues to optimize its operations and expand its geographic footprint.