Hilton Grand Vacations sells something more complicated than a hotel room: a repeatable claim on future holidays. Its real product is the machinery that turns deeds, points, loans and resort operations into a travel habit for more than 720,000 members.
Marriott Vacations Worldwide does not run Marriott's hotels. It runs something more intricate: a vacation-ownership machine where branded villas, consumer finance, resort management and a 3,200-resort exchange network turn one holiday into several lines of business.
The company once known as Wyndham Destinations sells the same week of vacation over and over again - and turned a 30-year-old timeshare model into a $4 billion machine built on exchange networks, deeded weeks and a magazine name.
Vacatia is a hospitality company reinventing the timeshare experience. It runs a marketplace for buying, selling, and trading vacation ownership interests, and increasingly manages the resorts behind those interests - bringing modern booking technology and owner services to a category that hadn't seen much of either.