Page 1

HILTON GRAND VACATIONS FOR IMMEDIATE RELEASE Investor Contact : Mark Melnyk 407-613-3327 mark.melnyk@hgv.com Media Contact : Lauren George 407-613-8431 lauren.george@hgv.com Exhibit 99.1 Hilton Grand Vacations Reports First Quarter 2021 Results ORLANDO , Fla . ( April 29 , 2021 ) – Hilton Grand Vacations Inc. ( NYSE : HGV ) ( “ HGV ” or “ the Company " ) today reports its first quarter 2021 results . First Quarter 2021 Results¹ • Contract sales in the first quarter were $ 139 million . • Net Owner Growth ( NOG ) for the 12 months ended March 31 , 2021 , was ( 0.1 ) % . • Total revenues for the first quarter were $ 235 million compared to $ 351 million for the same period in 2020 . • Total revenues were affected by deferrals of $ 32 million and $ 47 million in the current period and the same period in 2020 , respectively . Net loss for the first quarter was ( $ 7 ) million compared to $ 8 million net income for the same period in 2020 . • Net ( loss ) income was affected by net deferrals of $ 18 million and $ 27 million for the current period and the same period in 2020 , respectively . • Diluted EPS for the first quarter was ( $ 0.08 ) compared to $ 0.09 for the same period in 2020 . • • • Diluted EPS was affected by net deferrals of $ 18 million and $ 27 million , or $ 0.21 and $ 0.31 per share in the current period and the same period in 2020 , respectively . Adjusted EBITDA for the first quarter was $ 42 million compared to $ 33 million for the same period in 2020 . Adjusted EBITDA was affected by net deferrals of $ 18 million and $ 27 million in the current period and the same period in 2020 , respectively . In addition to the adverse impact from the closure of HGV sales centers and resort operations , the COVID - 19 pandemic had the following impacts on total revenues , net loss , diluted EPS and Adjusted EBITDA for the first quarter : • $ 4 million or $ 0.05 per share benefit from government assistance from Japan and an employee retention credit granted under the CARES Act , primarily related to payments made to employees as a result of operational closures caused by the COVID - 19 pandemic . " 2021 introduced a wave of optimism fueled by the rollout of vaccines and an increasingly positive outlook for leisure travel , which was reflected in another quarter of sequential improvement at HGV , " said Mark Wang , president and CEO of Hilton Grand Vacations . “ Our performance ramped into a strong spring break travel season , and that trend has continued into April . This momentum makes us confident in the continued leisure travel recovery as we move through this year , and it underscores our confidence in our recently announced acquisition of Diamond Resorts , which remains on track for a summer transaction close . " 1 The Company's current period results and prior year results include impacts related to deferrals of revenues and direct expenses related to the Sales of VOIS under construction that are recognized when construction is complete . These impacts are reflected in the sub - bullets .