Financial research concept

Vacation Ownership Active Exchange Members

measures active Interval International members at period end.

By Lee BaileyPublished Sep 26, 2026

Research context

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Research date: Sep 26, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 17 connected conceptsPart of the reviewed Vacation Ownership Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

The member base is the scale denominator for exchange economics
Member count and revenue per member answer different questions
Active members are not the full vacation-ownership customer base
Part of the Vacation Ownership Economics
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Vacation Ownership Active Exchange Members measures active Interval International exchange-network members at period end.

Marriott Vacations Worldwide reported 1.507 million members in its 2025 disclosures.

The member base is the scale denominator for exchange economics

Marriott also reported $150.51 of average exchange revenue per member under a monthly weighted-average member methodology.

Using the 1.507 million ending member count only as a rough scale reference gives about $226.8 million, but it is not a valid revenue reconstruction because the issuer's ARPM denominator uses weighted-average members rather than the ending count.

Member count and revenue per member answer different questions

The member count measures network scale, while Vacation Ownership Average Exchange Revenue per Member measures monetization.

Tracking both helps separate membership changes from revenue intensity.

Active members are not the full vacation-ownership customer base

Interval exchange members are only one population inside Marriott Vacations' broader owner and customer ecosystem.

The count also does not equal annual transacting members.

Primary source: Marriott Vacations Worldwide 2025 Form 10-K.

Part of the Vacation Ownership Economics

Connect tour flow, volume per guest, contract sales, development profit, recurring resort and exchange services, and consumer-financing credit and securitization economics across a branded vacation ownership platform.

Browse the full operating model in Company Analysis →

Where this concept fits

Recurring resort and exchange-member economicsCurrent relationship
Resort management revenue, profit, and margin describe recurring services tied to the ownership base; occupancy mixes owner, preview, and transient use; and active Interval members plus revenue per member describe a separate exchange-network recurring-revenue stream.
Vacation Ownership Active Exchange MembersCurrent conceptVacation Ownership Average Exchange Revenue per Member Vacation Ownership Resort Management and Other Services Margin Vacation Ownership Resort Management and Other Services Profit Vacation Ownership Resort Management and Other Services Revenue Vacation Ownership Resort Occupancy
Tours, VPG, contract sales, and development economics
Sales tours are the funnel activity base, VPG combines closing performance and contract value, and contract sales measure gross signed vacation ownership sales. Development profit and margin then reflect product cost, marketing and sales expense, reserve assumptions, and inventory mix.
Vacation Ownership Contract Sales Vacation Ownership Development Profit Vacation Ownership Development Profit Margin Vacation Ownership Sales Tours Vacation Ownership Volume per Guest
Consumer financing, credit reserves, and securitization
Financing revenue monetizes the receivable base, gross originated notes show financed-sales exposure, the reserve and estimated remaining default rate frame expected credit loss, nonaccrual notes show stressed balances, and securitization proceeds show how receivables are funded and recycled into cash.
Vacation Ownership Average Remaining Default Rate Vacation Ownership Financing Revenue Vacation Ownership Nonaccrual Notes Receivable Vacation Ownership Notes Receivable Reserve Vacation Ownership Originated Notes Receivable Vacation Ownership Notes Receivable Securitization Proceeds

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

VACOpen operating-model research →17 of 17 reviewed concepts in Vacation Ownership EconomicsRecurring resort and exchange-member economics6 of 6 bridge concepts supportedContinue through this bridge:Vacation Ownership Average Exchange Revenue per Member Vacation Ownership Resort Management and Other Services Margin Vacation Ownership Resort Management and Other Services Profit Vacation Ownership Resort Management and Other Services Revenue Vacation Ownership Resort Occupancy

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Compare public companies

Compare exchange-network scale with revenue per member while preserving the ending-count versus weighted-average denominator boundary.

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