Marriott Vacations Worldwide Corporation engages in the development, marketing, sale, and management of vacation ownership resorts and vacation club, and destination club and exchange programs. It sells points-based and weeks-based vacation ownership products under the Marriott Vacation Club; resort residential real estate vacation ownership developments under the Grand Residences by Marriott; luxury vacation ownership products under the Ritz-Carlton Destination Club; and whole ownership luxury residential real estate under the Ritz-Carlton Residences brands. As of December 31, 2010, the company had 10,810 vacation ownership villas, 46 resorts, and 368,081 owners, as well as 10 locations, 710 residence villas and homes, and 3,033 owners in its luxury business in the United States and the Caribbean; 919 villas and 28,913 owners in Europe; and 325 villas and 10,890 owners in the Asia Pacific. It also operated 64 vacation ownership resorts, as well as approximately 400,000 owners of vacation ownership and residential products. In addition, the company offers consumer financing services to qualified purchasers of its vacation ownership products; and involves in the rental of vacation ownership inventory. It sells its upscale tier vacation ownership products primarily through a worldwide network of resort-based sales centers and certain off-site sales locations. The company is headquartered in Orlando, Florida. Marriott Vacations Worldwide Corp. (NYSE:VAC.WI) operates independently of Marriott International, Inc. as of November 21, 2011.