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    <link:label id="lab_us-gaap_ReceivableTypeDomain_E60DD607D406D59BB80B395421F96BE7_label_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_E60DD607D406D59BB80B395421F96BE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable [Domain]</link:label>
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    <link:label id="lab_vac_EligibleForSecuritizationMember_C0A28C804CAE27683938395421F95491_terseLabel_en-US" xlink:label="lab_vac_EligibleForSecuritizationMember_C0A28C804CAE27683938395421F95491" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eligible for securitization</link:label>
    <link:label id="lab_vac_EligibleForSecuritizationMember_C0A28C804CAE27683938395421F95491_label_en-US" xlink:label="lab_vac_EligibleForSecuritizationMember_C0A28C804CAE27683938395421F95491" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eligible for Securitization [Member]</link:label>
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    <link:loc xlink:href="vac-20161230.xsd#vac_EligibleForSecuritizationMember" xlink:label="loc_vac_EligibleForSecuritizationMember_C0A28C804CAE27683938395421F95491" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_089020E895E374884C915C43B45B25E6_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_089020E895E374884C915C43B45B25E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingency Nature</link:label>
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_089020E895E374884C915C43B45B25E6_label_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_089020E895E374884C915C43B45B25E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency Nature [Axis]</link:label>
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    <link:label id="lab_us-gaap_LossContingencyNatureDomain_59BDC5A50F85E9560AF55C43B45B31E3_label_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain_59BDC5A50F85E9560AF55C43B45B31E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_59BDC5A50F85E9560AF55C43B45B31E3" xlink:type="locator" />
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    <link:label id="lab_vac_PrimaryObligorMember_C2B34C5DB951E09F482D5C43B45B6ABC_terseLabel_en-US" xlink:label="lab_vac_PrimaryObligorMember_C2B34C5DB951E09F482D5C43B45B6ABC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Primary Obligor</link:label>
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    <link:label id="lab_vac_PrimaryObligorMember_C2B34C5DB951E09F482D5C43B45B6ABC_documentation_en-US" xlink:label="lab_vac_PrimaryObligorMember_C2B34C5DB951E09F482D5C43B45B6ABC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Primary Obligor</link:label>
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    <link:label id="lab_vac_InformationSystemsAndTechnologyMember_22903180522948ED9B9A5C43B45C8AA8_terseLabel_en-US" xlink:label="lab_vac_InformationSystemsAndTechnologyMember_22903180522948ED9B9A5C43B45C8AA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Information technology hardware and software</link:label>
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    <link:label id="lab_vac_InformationSystemsAndTechnologyMember_22903180522948ED9B9A5C43B45C8AA8_documentation_en-US" xlink:label="lab_vac_InformationSystemsAndTechnologyMember_22903180522948ED9B9A5C43B45C8AA8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information Systems and Technology</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_InformationSystemsAndTechnologyMember" xlink:label="loc_vac_InformationSystemsAndTechnologyMember_22903180522948ED9B9A5C43B45C8AA8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Axis]</link:label>
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98_label_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98" xlink:to="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_89BF9AD0516203F4329E5C43B45CED98" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Domain]</link:label>
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01_label_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01" xlink:to="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_B54EFA6AD1F045240BC05C43B45C9C01" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF_terseLabel_en-US" xlink:label="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units located in Marco Island, Florida</link:label>
    <link:label id="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF_label_en-US" xlink:label="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Commitment Three [Member]</link:label>
    <link:label id="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF_documentation_en-US" xlink:label="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Commitment Three [Member]</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PurchaseCommitmentThreeMember" xlink:label="loc_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF" xlink:to="lab_vac_PurchaseCommitmentThreeMember_A6D34A01433E0878D9CA5C43B45CBFFF" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8_terseLabel_en-US" xlink:label="lab_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units located on the Big Island of Hawaii</link:label>
    <link:label id="lab_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8_label_en-US" xlink:label="lab_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Commitment Two [Member]</link:label>
    <link:label id="lab_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8_documentation_en-US" xlink:label="lab_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Commitment Two [Member]</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PurchaseCommitmentTwoMember" xlink:label="loc_vac_PurchaseCommitmentTwoMember_E32FF8CFFD4F4C6A3B495C43B45C7FB8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC_terseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Axis]</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC" xlink:to="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_6357F1681A3B6B9FA5F05C43B45D4EAC" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6_terseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Domain]</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6" xlink:to="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_0844B69A315FF4249F145C43B45DE7B6" xlink:type="arc" />
    <link:label id="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389_terseLabel_en-US" xlink:label="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land Lease</link:label>
    <link:label id="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389_label_en-US" xlink:label="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Golf Course Land Improvements [Member]</link:label>
    <link:label id="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389_documentation_en-US" xlink:label="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Golf Course Land Improvements [Member]</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_GolfCourseLandImprovementsMember" xlink:label="loc_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389" xlink:to="lab_vac_GolfCourseLandImprovementsMember_B781FDE961B1348D4FCC5C43B45D5389" xlink:type="arc" />
    <link:label id="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97_terseLabel_en-US" xlink:label="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate Facilities Leases</link:label>
    <link:label id="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97_label_en-US" xlink:label="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Facilities [Member]</link:label>
    <link:label id="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97_documentation_en-US" xlink:label="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Facilities [Member]</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_FacilitiesMember" xlink:label="loc_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97" xlink:to="lab_vac_FacilitiesMember_1A787079799B8233DDE35C43B45DBF97" xlink:type="arc" />
    <link:label id="lab_vac_FacilityAndOtherOperatingLeasesMember_238452C08ED58706425D5C43B45E9207_terseLabel_en-US" xlink:label="lab_vac_FacilityAndOtherOperatingLeasesMember_238452C08ED58706425D5C43B45E9207" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Operating Leases</link:label>
    <link:label id="lab_vac_FacilityAndOtherOperatingLeasesMember_238452C08ED58706425D5C43B45E9207_label_en-US" xlink:label="lab_vac_FacilityAndOtherOperatingLeasesMember_238452C08ED58706425D5C43B45E9207" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Facility And Other Operating Leases [Member]</link:label>
    <link:label id="lab_vac_FacilityAndOtherOperatingLeasesMember_238452C08ED58706425D5C43B45E9207_documentation_en-US" xlink:label="lab_vac_FacilityAndOtherOperatingLeasesMember_238452C08ED58706425D5C43B45E9207" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Facility And Other Operating Leases [Member]</link:label>
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    <link:label id="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_D9B851CBC0BB529423405C43B465AF08_terseLabel_en-US" xlink:label="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_D9B851CBC0BB529423405C43B465AF08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments to purchase vacation ownership units number of resorts</link:label>
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    <link:label id="lab_vac_SecuritizedVacationOwnershipNotesReceivableMember_1914D8FE9A69CD735857395422089D8C_terseLabel_en-US" xlink:label="lab_vac_SecuritizedVacationOwnershipNotesReceivableMember_1914D8FE9A69CD735857395422089D8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable &#8212; securitized</link:label>
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    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D_terseLabel_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of rooms</link:label>
    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D_label_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Rooms Acquired In Connection With Acquisition Of Real Estate</link:label>
    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D_documentation_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Rooms Acquired In Connection With Acquisition Of Real Estate</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D" xlink:to="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_A8E2C50DD8246DA61A89395421F10A6D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_711F3406FF1BA72D2C5F395421F266DF_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_711F3406FF1BA72D2C5F395421F266DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of rooms of an operating hotel</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_711F3406FF1BA72D2C5F395421F266DF_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_711F3406FF1BA72D2C5F395421F266DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_711F3406FF1BA72D2C5F395421F266DF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_40806D40605A5937301E395421F228F0_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_40806D40605A5937301E395421F228F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price allocation, property and equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_40806D40605A5937301E395421F228F0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_949A755DFB8FDEA23973395421F2659D_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_949A755DFB8FDEA23973395421F2659D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price allocation, other assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_949A755DFB8FDEA23973395421F2659D" xlink:type="locator" />
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    <link:label id="lab_vac_PurchaseOfOperatingHotelCashOutflow_1E744DF0AF39EC0AC7DA395421F2309F_terseLabel_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelCashOutflow_1E744DF0AF39EC0AC7DA395421F2309F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of operating hotels</link:label>
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    <link:label id="lab_vac_PurchaseOfOperatingHotelCashOutflow_1E744DF0AF39EC0AC7DA395421F2309F_documentation_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelCashOutflow_1E744DF0AF39EC0AC7DA395421F2309F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash outflow for the purchase of an operating hotel to be converted to timeshare interests.</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F9C8F5362F52EBFD486F395421F20921_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F9C8F5362F52EBFD486F395421F20921" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures for property and equipment (excluding inventory)</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F9C8F5362F52EBFD486F395421F20921_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F9C8F5362F52EBFD486F395421F20921" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F9C8F5362F52EBFD486F395421F20921" xlink:type="locator" />
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    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F_terseLabel_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase and sale agreement, gross cash consideration</link:label>
    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F_label_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions and Disposals Consideration Received and Receivable</link:label>
    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F_documentation_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Acquisitions and Disposals Consideration Received and Receivable</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable" xlink:label="loc_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F" xlink:to="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_7A49271A4B7A3EDB8220395421F2903F" xlink:type="arc" />
    <link:label id="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E_terseLabel_en-US" xlink:label="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash receivable from disposal of remaining property</link:label>
    <link:label id="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E_label_en-US" xlink:label="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Disposals Cash Proceeds Expected</link:label>
    <link:label id="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E_documentation_en-US" xlink:label="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant disposal cash proceeds expected.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_SignificantDisposalsCashProceedsExpected" xlink:label="loc_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E" xlink:to="lab_vac_SignificantDisposalsCashProceedsExpected_43CA488E43E192494BF3395421F2E10E" xlink:type="arc" />
    <link:label id="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27_terseLabel_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership inventory sold</link:label>
    <link:label id="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27_label_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Sold Subject to Conditional Repurchase</link:label>
    <link:label id="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27_documentation_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inventory sold subject to conditional repurchase.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_InventorySoldSubjectToConditionalRepurchase" xlink:label="loc_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27" xlink:to="lab_vac_InventorySoldSubjectToConditionalRepurchase_99679F60C30CE36885DB395421F27C27" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_117B71907F99CCD7F342395421F24CE5_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_117B71907F99CCD7F342395421F24CE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non cash proceeds on sale of property</link:label>
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    <link:label id="lab_us-gaap_OtherLiabilities_394C4F6870F33D933E06395421F2CBF9_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_394C4F6870F33D933E06395421F2CBF9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
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    <link:label id="lab_us-gaap_OtherReceivables_43309B69F02B5DAF51C3395421F20FE1_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_43309B69F02B5DAF51C3395421F20FE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_43309B69F02B5DAF51C3395421F20FE1_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_43309B69F02B5DAF51C3395421F20FE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_43309B69F02B5DAF51C3395421F20FE1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LitigationSettlementExpense_4455041BF7A08D5D07C7395421F2B2DB_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_4455041BF7A08D5D07C7395421F2B2DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash litigation settlement</link:label>
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    <link:label id="lab_vac_CashOutflowsAbstract_2E73BBC1E7E23DAC9D353954210B0FB7_documentation_en-US" xlink:label="lab_vac_CashOutflowsAbstract_2E73BBC1E7E23DAC9D353954210B0FB7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Outflows [Abstract]</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_C0A7412AC48907EC39693954210B2F1B_negatedLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_C0A7412AC48907EC39693954210B2F1B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Principal to investors</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_C0A7412AC48907EC39693954210B2F1B_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_C0A7412AC48907EC39693954210B2F1B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Repayments Of Principal To Investors</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_C0A7412AC48907EC39693954210B2F1B" xlink:type="locator" />
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    <link:label id="lab_vac_DefaultedMortgageLoansRepurchased_4CBEA173B1D0C315D5363954210BA3AF_negatedLabel_en-US" xlink:label="lab_vac_DefaultedMortgageLoansRepurchased_4CBEA173B1D0C315D5363954210BA3AF" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Voluntary repurchases of defaulted vacation ownership notes receivable</link:label>
    <link:label id="lab_vac_DefaultedMortgageLoansRepurchased_4CBEA173B1D0C315D5363954210BA3AF_label_en-US" xlink:label="lab_vac_DefaultedMortgageLoansRepurchased_4CBEA173B1D0C315D5363954210BA3AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defaulted Mortgage Loans Repurchased</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfWarehouseCreditFacility_EB680CBCA2610249CC2F3954210B7B51_negatedTerseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfWarehouseCreditFacility_EB680CBCA2610249CC2F3954210B7B51" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of Warehouse Credit Facility</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfWarehouseCreditFacility_EB680CBCA2610249CC2F3954210B7B51_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfWarehouseCreditFacility_EB680CBCA2610249CC2F3954210B7B51" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash flows between transferee and transgeror repayments of warehouse credit facility</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfWarehouseCreditFacility" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfWarehouseCreditFacility_EB680CBCA2610249CC2F3954210B7B51" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_AFAB88E624E9FEB5ACAE3954210B6201_negatedLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_AFAB88E624E9FEB5ACAE3954210B6201" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Voluntary clean-up call</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_AFAB88E624E9FEB5ACAE3954210B6201_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_AFAB88E624E9FEB5ACAE3954210B6201" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Payment to Purchaser</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser" xlink:label="loc_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_AFAB88E624E9FEB5ACAE3954210B6201" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA_negatedLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest to investors</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA_label_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Repayments Of Interest To Investors</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Repayments Of Interest To Investors</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfInterestToInvestors_7808B431ABBAC1B785B83954210B49DA" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_950FDCAB053D0052EC5B3954210BAEBE_negatedLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_950FDCAB053D0052EC5B3954210BAEBE" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Funding of restricted cash</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_950FDCAB053D0052EC5B3954210BAEBE_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_950FDCAB053D0052EC5B3954210BAEBE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash flows between transferee and transferor, funding of restricted cash, due to timing.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_950FDCAB053D0052EC5B3954210BAEBE" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepayments_5629C5B3C54260F6D85E3954210B7DEE_label_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepayments_5629C5B3C54260F6D85E3954210B7DEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Repayments</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepayments_5629C5B3C54260F6D85E3954210B7DEE_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepayments_5629C5B3C54260F6D85E3954210B7DEE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Repayments</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransfereeAndTransferorRepayments" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorRepayments_5629C5B3C54260F6D85E3954210B7DEE" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4_totalLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash Flows</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4_label_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee and Transferor Net</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Net.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashFlowsBetweenTransfereeAndTransferorNet" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorNet_F8C3A8816F42BB5E53B73954210BD8B4" xlink:type="locator" />
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    <link:label id="lab_vac_SecuritizedVacationOwnershipNotesReceivableMember_3DF48A8D59A8ECCC73C03954220C5BF6_verboseLabel_en-US" xlink:label="lab_vac_SecuritizedVacationOwnershipNotesReceivableMember_3DF48A8D59A8ECCC73C03954220C5BF6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Securitized Vacation Ownership Notes Receivable Reserve</link:label>
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    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_10BC5BFE2C354B5ABCFC3954220CBC29_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_10BC5BFE2C354B5ABCFC3954220CBC29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes receivable on non-accrual status</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_10BC5BFE2C354B5ABCFC3954220CBC29" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_10BC5BFE2C354B5ABCFC3954220CBC29" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_10BC5BFE2C354B5ABCFC3954220CBC29" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_10F660BE5E6E875C1BE23954220D8A63_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_10F660BE5E6E875C1BE23954220D8A63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average investment in vacation ownership notes receivable on non-accrual status during 2016</link:label>
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    <link:loc xlink:href="vac-20161230.xsd#vac_FinancingReceivableAverageInvestmentNonaccrualLoans" xlink:label="loc_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_10F660BE5E6E875C1BE23954220D8A63" xlink:type="locator" />
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    <link:label id="lab_vac_NumberOfSourcesOfRevenues_AAAEF2F57C336C09084C58ADE4819738_documentation_en-US" xlink:label="lab_vac_NumberOfSourcesOfRevenues_AAAEF2F57C336C09084C58ADE4819738" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Sources of Revenues</link:label>
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    <link:label id="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6_terseLabel_en-US" xlink:label="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent of the assets, liabilities, revenues, expenses and cash flows discussed</link:label>
    <link:label id="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6_label_en-US" xlink:label="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of Assets, Liabilities, Revenues, Expenses and Cash Flows Consolidated and Discussed</link:label>
    <link:label id="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6_documentation_en-US" xlink:label="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of Assets, Liabilities, Revenues, Expenses and Cash Flows Consolidated and Discussed</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed" xlink:label="loc_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_E74D940895D6C879146158ADE4811CF6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ManagementFeesBaseRevenue_6DC0D3C57295BACFC35158ADE481314A_terseLabel_en-US" xlink:label="lab_us-gaap_ManagementFeesBaseRevenue_6DC0D3C57295BACFC35158ADE481314A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management fee revenues</link:label>
    <link:label id="lab_us-gaap_ManagementFeesBaseRevenue_6DC0D3C57295BACFC35158ADE481314A_label_en-US" xlink:label="lab_us-gaap_ManagementFeesBaseRevenue_6DC0D3C57295BACFC35158ADE481314A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fees, Base Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ManagementFeesBaseRevenue" xlink:label="loc_us-gaap_ManagementFeesBaseRevenue_6DC0D3C57295BACFC35158ADE481314A" xlink:type="locator" />
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    <link:label id="lab_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D_terseLabel_en-US" xlink:label="lab_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fee revenues</link:label>
    <link:label id="lab_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D_label_en-US" xlink:label="lab_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee Revenue</link:label>
    <link:label id="lab_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D_documentation_en-US" xlink:label="lab_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fee revenues for services rendered.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_FeeRevenue" xlink:label="loc_vac_FeeRevenue_58FCC45437E9C7DE955058ADE481EA5D" xlink:type="locator" />
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    <link:label id="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual financing term</link:label>
    <link:label id="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326_label_en-US" xlink:label="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable Term</link:label>
    <link:label id="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326_documentation_en-US" xlink:label="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivable Term</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_FinancingReceivableTerm" xlink:label="loc_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326" xlink:to="lab_vac_FinancingReceivableTerm_AF4E68DF50DC7D23912D58ADE4814326" xlink:type="arc" />
    <link:label id="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6_terseLabel_en-US" xlink:label="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Revenue payment commencement</link:label>
    <link:label id="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6_label_en-US" xlink:label="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment Period Financing</link:label>
    <link:label id="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6_documentation_en-US" xlink:label="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing revenue payment period commencement after closing.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PaymentPeriodFinancing" xlink:label="loc_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6" xlink:to="lab_vac_PaymentPeriodFinancing_A3FA0BE7F1FEB7C5E00C58ADE481B7E6" xlink:type="arc" />
    <link:label id="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571_terseLabel_en-US" xlink:label="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in carrying value of inventories</link:label>
    <link:label id="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571_label_en-US" xlink:label="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory True Ups</link:label>
    <link:label id="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571_documentation_en-US" xlink:label="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in estimates within the relative sales value calculations accounted for as real estate inventory true-ups.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_RealEstateInventoryTrueUps" xlink:label="loc_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571" xlink:to="lab_vac_RealEstateInventoryTrueUps_9393C5947758B6BF1E1D58ADE4810571" xlink:type="arc" />
    <link:label id="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED_terseLabel_en-US" xlink:label="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized salaries and related costs</link:label>
    <link:label id="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED_label_en-US" xlink:label="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Salaries and Related Costs</link:label>
    <link:label id="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED_documentation_en-US" xlink:label="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalized Salaries and Related Costs</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CapitalizedSalariesAndRelatedCosts" xlink:label="loc_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED" xlink:to="lab_vac_CapitalizedSalariesAndRelatedCosts_F08CEFECB127CEA9607258ADE48100ED" xlink:type="arc" />
    <link:label id="lab_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188_terseLabel_en-US" xlink:label="lab_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined contribution plan compensation expense (net of cost reimbursements from property owners' associations) participating employees</link:label>
    <link:label id="lab_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188_label_en-US" xlink:label="lab_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionExpense" xlink:label="loc_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188" xlink:to="lab_us-gaap_PensionExpense_5A593D8204DE36AC9A5758ADE481F188" xlink:type="arc" />
    <link:label id="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B_terseLabel_en-US" xlink:label="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual rate of return</link:label>
    <link:label id="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B_label_en-US" xlink:label="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annual Rate of Return EDC</link:label>
    <link:label id="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B_documentation_en-US" xlink:label="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual rate of return on executive deferred compensation plan.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_AnnualRateOfReturnEdc" xlink:label="loc_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B" xlink:to="lab_vac_AnnualRateOfReturnEdc_BC6A3F1FDA1DBFFB6E2B58ADE481C97B" xlink:type="arc" />
    <link:label id="lab_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5_terseLabel_en-US" xlink:label="lab_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional discretionary contributions</link:label>
    <link:label id="lab_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5_label_en-US" xlink:label="lab_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Employer Discretionary Contribution Amount</link:label>
    <link:label id="lab_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5_documentation_en-US" xlink:label="lab_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Employer Discretionary Contribution Amount</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount" xlink:label="loc_vac_DefinedBenefitPlanEmployerDiscretionaryContributionAmount_23A61BFABFACDC4A724C58ADE48272C5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredCompensationArrangementWithIndividualEmployerContribution_B5898D70A37AB3BAEF9158ADE4828BD7_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCompensationArrangementWithIndividualEmployerContribution_B5898D70A37AB3BAEF9158ADE4828BD7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional discretionary contributions</link:label>
    <link:label id="lab_us-gaap_DeferredCompensationArrangementWithIndividualEmployerContribution_B5898D70A37AB3BAEF9158ADE4828BD7_label_en-US" xlink:label="lab_us-gaap_DeferredCompensationArrangementWithIndividualEmployerContribution_B5898D70A37AB3BAEF9158ADE4828BD7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Compensation Arrangement with Individual, Employer Contribution</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualEmployerContribution" xlink:label="loc_us-gaap_DeferredCompensationArrangementWithIndividualEmployerContribution_B5898D70A37AB3BAEF9158ADE4828BD7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife_EF15D94C8FCDB4E9D42E58ADE482AF89_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife_EF15D94C8FCDB4E9D42E58ADE482AF89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated useful lives of the assets</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife_EF15D94C8FCDB4E9D42E58ADE482AF89_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife_EF15D94C8FCDB4E9D42E58ADE482AF89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Useful Life</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_EF15D94C8FCDB4E9D42E58ADE482AF89" xlink:type="locator" />
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    <link:label id="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA_terseLabel_en-US" xlink:label="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Highly liquid investments maturity period</link:label>
    <link:label id="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA_label_en-US" xlink:label="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Equivalents, Maturity Period</link:label>
    <link:label id="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA_documentation_en-US" xlink:label="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Equivalents, Maturity Period</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_CashEquivalentsMaturityPeriod" xlink:label="loc_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA" xlink:to="lab_vac_CashEquivalentsMaturityPeriod_5F8E0055FA8664E73A8558ADE482FDFA" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowances for accounts and contracts receivable</link:label>
    <link:label id="lab_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019_label_en-US" xlink:label="lab_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Doubtful Accounts, Premiums and Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019" xlink:to="lab_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_702B345A1716952ECC7C58ADE4823019" xlink:type="arc" />
    <link:label id="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779_terseLabel_en-US" xlink:label="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period in which loan considered past due</link:label>
    <link:label id="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779_label_en-US" xlink:label="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past Due Period</link:label>
    <link:label id="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779_documentation_en-US" xlink:label="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Past Due Period</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PastDuePeriod" xlink:label="loc_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779" xlink:to="lab_vac_PastDuePeriod_F9B1F9286A1CA386133758ADE482C779" xlink:type="arc" />
    <link:label id="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A_terseLabel_en-US" xlink:label="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period in which loan suspend accrual of interest</link:label>
    <link:label id="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A_label_en-US" xlink:label="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past Due Loan Suspend Accrual of Interest Period</link:label>
    <link:label id="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A_documentation_en-US" xlink:label="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Past Due Loan Suspend Accrual of Interest Period</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PastDueLoanSuspendAccrualOfInterestPeriod" xlink:label="loc_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A" xlink:to="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_F5CF278F2E0BFB1C679458ADE482A62A" xlink:type="arc" />
    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5_terseLabel_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period in which loan considered default loan</link:label>
    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5_label_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Payments Delinquency Period Beyond which Loan is Considered Defaulted</link:label>
    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5_documentation_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan Payments Delinquency Period Beyond which Loan is Considered Defaulted</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted" xlink:label="loc_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5" xlink:to="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8DF60ED52FB780D917EB58ADE482BEF5" xlink:type="arc" />
    <link:label id="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF_terseLabel_en-US" xlink:label="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes receivable estimated average remaining default rates</link:label>
    <link:label id="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF_label_en-US" xlink:label="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Receivable, Estimated Average Default Rates</link:label>
    <link:label id="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF_documentation_en-US" xlink:label="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes Receivable, Estimated Average Default Rates</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_NotesReceivableEstimatedAverageDefaultRates" xlink:label="loc_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF" xlink:to="lab_vac_NotesReceivableEstimatedAverageDefaultRates_A484E1307D0F18F6AD4958ADE4821FBF" xlink:type="arc" />
    <link:label id="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6_terseLabel_en-US" xlink:label="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated default rate increases that would have resulted an increase in allowance for credit losses</link:label>
    <link:label id="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6_label_en-US" xlink:label="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Result of Increase in Estimated Default Rate</link:label>
    <link:label id="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6_documentation_en-US" xlink:label="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The projected increased default rate to apply to the allowance for credit losses.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_ResultOfIncreaseInEstimatedDefaultRate" xlink:label="loc_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6" xlink:to="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_3B61254194AA1B9C5E0B58ADE482C6D6" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for loan losses that would have been increased</link:label>
    <link:label id="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92_label_en-US" xlink:label="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Allowance for Credit Losses, That Would Have Been Increased</link:label>
    <link:label id="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92_documentation_en-US" xlink:label="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivable, Allowance for Credit Losses, That Would Have Been Increased</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased" xlink:label="loc_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92" xlink:to="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_F46F8EA27D4B41282BCC58ADE482DC92" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred marketing and selling expenses, which are direct marketing and selling costs related either to an unclosed contract or a contract for which 100 percent of revenue has not yet been recognized</link:label>
    <link:label id="lab_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A_label_en-US" xlink:label="lab_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCosts" xlink:label="loc_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A" xlink:to="lab_us-gaap_DeferredCosts_1F0D79531A11DAFE305D58ADE482A41A" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_998BDCE527749794306958ADE4826CF9_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_998BDCE527749794306958ADE4826CF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership interest in equity method investments</link:label>
    <link:label id="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_998BDCE527749794306958ADE4826CF9_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_998BDCE527749794306958ADE4826CF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Ownership Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_998BDCE527749794306958ADE4826CF9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_31AEA49A8AA9393FB5A058ADE482E56C_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_31AEA49A8AA9393FB5A058ADE482E56C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility, maximum borrowing capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_31AEA49A8AA9393FB5A058ADE482E56C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock awards, vesting period</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_4ACC18B0215ECA57A18858ADE4829F4F" xlink:type="arc" />
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock awards, expiration from grant date</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_59D156AC7D88FAAEA8C558ADE4828943" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdvertisingExpense_AC2D1D2A8938B11B93A858ADE4824C3D_terseLabel_en-US" xlink:label="lab_us-gaap_AdvertisingExpense_AC2D1D2A8938B11B93A858ADE4824C3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advertising costs</link:label>
    <link:label id="lab_us-gaap_AdvertisingExpense_AC2D1D2A8938B11B93A858ADE4824C3D_label_en-US" xlink:label="lab_us-gaap_AdvertisingExpense_AC2D1D2A8938B11B93A858ADE4824C3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advertising Expense</link:label>
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    <link:label id="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne_A645BE397D335D0EC3CB3954221B919D_terseLabel_en-US" xlink:label="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne_A645BE397D335D0EC3CB3954221B919D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearTwo" xlink:label="loc_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearTwo_FE29673C024CCDB319B23954221B2E9B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearThree_D5DE46C6FAAAAB5A29393954221B8E3F_terseLabel_en-US" xlink:label="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearThree_D5DE46C6FAAAAB5A29393954221B8E3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearFour_FC4CFCB6E4D9CEB530BF3954221B0D71" xlink:to="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearFour_FC4CFCB6E4D9CEB530BF3954221B0D71" xlink:type="arc" />
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    <link:label id="lab_vac_NumberOfNotesReceivablePoolsUnderPerformanceTriggers_0A6F7AE2E4868A82A4D958ADE36BFCF1_terseLabel_en-US" xlink:label="lab_vac_NumberOfNotesReceivablePoolsUnderPerformanceTriggers_0A6F7AE2E4868A82A4D958ADE36BFCF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of notes receivable pools failed to perform within the established parameters</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_4C3ADE86015E9C4468E74CE8C73B4DEE_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_4C3ADE86015E9C4468E74CE8C73B4DEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accounts and contracts receivable</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts and Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_102E1E254B68C6D7E9AD4CE8C73B73B5" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E_terseLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes receivable originations</link:label>
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Notes Receivable Originations</link:label>
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The (increase) decrease during the reporting period in the total amount of new mortgage loans originated on real estate.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_IncreaseDecreaseInNotesReceivableOriginations" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_472D85182B7E5E3E15504CE8C73B841E" xlink:type="locator" />
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    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18_negatedLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Notes receivable collections</link:label>
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Notes Receivable Collections</link:label>
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period in the amount of principal collections on mortgage loans on real estate.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_IncreaseDecreaseInNotesReceivableCollections" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableCollections_AAE81D0B06EDF7488FFC4CE8C73BAB18" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Inventories</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories_6F41AC59CD0207DBC6AE4CE8C73B22C4" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97_negatedLabel_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of operating properties for future conversion to inventory</link:label>
    <link:label id="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97_label_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of Operating Hotels for Future Conversion to Inventory Cash Outflow</link:label>
    <link:label id="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97_documentation_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash outflow for the portion of the purchase of operating hotels to be converted to timeshare interests in the future.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow" xlink:label="loc_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0BE3B8828CDFFA544A1E4CE8C73BCD97" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_81E0BFC48D96D0B3B60B4CE8C73B7E52" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable, advance deposits and accrued liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Payable and Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_92986D082D87F8EDBFF94CE8C73BCEAA" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_EA19E74976F80574CBE84CE8C73BAAE7_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_EA19E74976F80574CBE84CE8C73BAAE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for Marriott Rewards customer loyalty program</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_EA19E74976F80574CBE84CE8C73BAAE7_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_EA19E74976F80574CBE84CE8C73BAAE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Customer Loyalty Program Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability" xlink:label="loc_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_EA19E74976F80574CBE84CE8C73BAAE7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D08DE64F2C241C071EFB4CE8C73BEE64_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D08DE64F2C241C071EFB4CE8C73BEE64" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D08DE64F2C241C071EFB4CE8C73BEE64_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D08DE64F2C241C071EFB4CE8C73BEE64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Deferred Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_D08DE64F2C241C071EFB4CE8C73BEE64" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_BC25B18DEFC4089F171C4CE8C73B9ECC_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_BC25B18DEFC4089F171C4CE8C73B9ECC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll and benefit liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_BC25B18DEFC4089F171C4CE8C73B9ECC" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredCompensation" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredCompensation_BE65AF482A696DFEEECF4CE8C73B625B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_2BAA4AD17222388C5FEC4CE8C73C61F2_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_2BAA4AD17222388C5FEC4CE8C73C61F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_4DC976C32305EBA9BBF74CE8C73D5FCC" xlink:type="locator" />
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    <link:label id="lab_vac_RentalRevenue_09C108703D655DFC6F10390FB4A00F17_label_en-US" xlink:label="lab_vac_RentalRevenue_09C108703D655DFC6F10390FB4A00F17" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Revenue</link:label>
    <link:label id="lab_vac_RentalRevenue_09C108703D655DFC6F10390FB4A00F17_documentation_en-US" xlink:label="lab_vac_RentalRevenue_09C108703D655DFC6F10390FB4A00F17" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue from transient rentals of inventory held for development and sale as interests in vacation ownership programs or residences or inventory controlled under various usage options permitted under vacation ownership programs.</link:label>
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    <link:label id="lab_us-gaap_ReimbursementRevenue_6B8BADEBAF06B2F81A17390FB4A094A7_terseLabel_en-US" xlink:label="lab_us-gaap_ReimbursementRevenue_6B8BADEBAF06B2F81A17390FB4A094A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost reimbursements</link:label>
    <link:label id="lab_us-gaap_ReimbursementRevenue_6B8BADEBAF06B2F81A17390FB4A094A7_label_en-US" xlink:label="lab_us-gaap_ReimbursementRevenue_6B8BADEBAF06B2F81A17390FB4A094A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reimbursement Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReimbursementRevenue" xlink:label="loc_us-gaap_ReimbursementRevenue_6B8BADEBAF06B2F81A17390FB4A094A7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostsAndExpensesAbstract_726CAB6F5A4CE8FAA85A390FB4A0D399_terseLabel_en-US" xlink:label="lab_us-gaap_CostsAndExpensesAbstract_726CAB6F5A4CE8FAA85A390FB4A0D399" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EXPENSES</link:label>
    <link:label id="lab_us-gaap_CostsAndExpensesAbstract_726CAB6F5A4CE8FAA85A390FB4A0D399_label_en-US" xlink:label="lab_us-gaap_CostsAndExpensesAbstract_726CAB6F5A4CE8FAA85A390FB4A0D399" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs and Expenses [Abstract]</link:label>
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    <link:label id="lab_us-gaap_TimeShareCosts_0813B9A0836FB93DB23E390FB4A0715E_terseLabel_en-US" xlink:label="lab_us-gaap_TimeShareCosts_0813B9A0836FB93DB23E390FB4A0715E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of vacation ownership products</link:label>
    <link:label id="lab_us-gaap_TimeShareCosts_0813B9A0836FB93DB23E390FB4A0715E_label_en-US" xlink:label="lab_us-gaap_TimeShareCosts_0813B9A0836FB93DB23E390FB4A0715E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time Share Costs</link:label>
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    <link:label id="lab_us-gaap_SellingAndMarketingExpense_BC1EFF8DDFAAF6AE7306390FB4A029B9_terseLabel_en-US" xlink:label="lab_us-gaap_SellingAndMarketingExpense_BC1EFF8DDFAAF6AE7306390FB4A029B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Marketing and sales</link:label>
    <link:label id="lab_us-gaap_SellingAndMarketingExpense_BC1EFF8DDFAAF6AE7306390FB4A029B9_label_en-US" xlink:label="lab_us-gaap_SellingAndMarketingExpense_BC1EFF8DDFAAF6AE7306390FB4A029B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Selling and Marketing Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SellingAndMarketingExpense" xlink:label="loc_us-gaap_SellingAndMarketingExpense_BC1EFF8DDFAAF6AE7306390FB4A029B9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialServicesCosts_0A3A18F3414523A00734390FB4A00C91_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialServicesCosts_0A3A18F3414523A00734390FB4A00C91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing</link:label>
    <link:label id="lab_us-gaap_FinancialServicesCosts_0A3A18F3414523A00734390FB4A00C91_label_en-US" xlink:label="lab_us-gaap_FinancialServicesCosts_0A3A18F3414523A00734390FB4A00C91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Services Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialServicesCosts" xlink:label="loc_us-gaap_FinancialServicesCosts_0A3A18F3414523A00734390FB4A00C91" xlink:type="locator" />
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    <link:label id="lab_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123_terseLabel_en-US" xlink:label="lab_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental</link:label>
    <link:label id="lab_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123_label_en-US" xlink:label="lab_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Expenses</link:label>
    <link:label id="lab_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123_documentation_en-US" xlink:label="lab_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs including maintenance fees on unsold inventory, costs to provide alternate usage rights, subsidy payments to property owner associations, and marketing costs and direct operating and related expenses in connection with the rental business, including housekeeping, credit card expenses and reservation services.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_RentalExpenses" xlink:label="loc_vac_RentalExpenses_E30A6D1824C9553DA631390FB4A12123" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_C400FC0591877A3CE0EA390FB4A19D06" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LitigationSettlementAmount_6D9F072CB69B424CAE29390FB4A19359_negatedLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementAmount_6D9F072CB69B424CAE29390FB4A19359" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Litigation settlement</link:label>
    <link:label id="lab_us-gaap_LitigationSettlementAmount_6D9F072CB69B424CAE29390FB4A19359_label_en-US" xlink:label="lab_us-gaap_LitigationSettlementAmount_6D9F072CB69B424CAE29390FB4A19359" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Settlement, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationSettlementAmount" xlink:label="loc_us-gaap_LitigationSettlementAmount_6D9F072CB69B424CAE29390FB4A19359" xlink:type="locator" />
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    <link:label id="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B_terseLabel_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Organizational and separation related</link:label>
    <link:label id="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B_label_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organizational and Separation Related Charges</link:label>
    <link:label id="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B_documentation_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expense recorded for organization and separation related charges.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_OrganizationalAndSeparationRelatedCharges" xlink:label="loc_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B" xlink:to="lab_vac_OrganizationalAndSeparationRelatedCharges_FB03A4C02B314616F3F8390FB4A1B00B" xlink:type="arc" />
    <link:label id="lab_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9_terseLabel_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consumer financing interest</link:label>
    <link:label id="lab_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9_label_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consumer Financing Interest Expense</link:label>
    <link:label id="lab_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9_documentation_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consumer financing interest expense represents interest expense associated with the debt from our non-recourse warehouse credit facility and from the securitization of our vacation ownership notes receivable in the asset-backed securities market.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_ConsumerFinancingInterestExpense" xlink:label="loc_vac_ConsumerFinancingInterestExpense_59BED777806D90154D0A390FB4A1C9C9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RoyaltyExpense_7ED2A7D7E2073BA853FE390FB4A12B13_terseLabel_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_7ED2A7D7E2073BA853FE390FB4A12B13" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty fee</link:label>
    <link:label id="lab_us-gaap_RoyaltyExpense_7ED2A7D7E2073BA853FE390FB4A12B13_label_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_7ED2A7D7E2073BA853FE390FB4A12B13" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RoyaltyExpense" xlink:label="loc_us-gaap_RoyaltyExpense_7ED2A7D7E2073BA853FE390FB4A12B13" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetImpairmentCharges_D6DFF04E889BBE334D63390FB4A1D1FC_terseLabel_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_D6DFF04E889BBE334D63390FB4A1D1FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="loc_us-gaap_AssetImpairmentCharges_D6DFF04E889BBE334D63390FB4A1D1FC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostOfReimbursableExpense_82203D0904EDF3C3FA66390FB4A1E553_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfReimbursableExpense_82203D0904EDF3C3FA66390FB4A1E553" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost reimbursements</link:label>
    <link:label id="lab_us-gaap_CostOfReimbursableExpense_82203D0904EDF3C3FA66390FB4A1E553_label_en-US" xlink:label="lab_us-gaap_CostOfReimbursableExpense_82203D0904EDF3C3FA66390FB4A1E553" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Reimbursable Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfReimbursableExpense" xlink:label="loc_us-gaap_CostOfReimbursableExpense_82203D0904EDF3C3FA66390FB4A1E553" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherNonoperatingIncome_0C27D12274F816E57325390FB4A1CAF2_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncome_0C27D12274F816E57325390FB4A1CAF2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains and other income</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncome_0C27D12274F816E57325390FB4A1CAF2_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncome_0C27D12274F816E57325390FB4A1CAF2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonoperatingIncome_0C27D12274F816E57325390FB4A1CAF2" xlink:to="lab_us-gaap_OtherNonoperatingIncome_0C27D12274F816E57325390FB4A1CAF2" xlink:type="arc" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_AccountsAndContractsReceivableNet_9AA6D6858134F1F374955C43B8AD56E9" xlink:to="lab_vac_AccountsAndContractsReceivableNet_9AA6D6858134F1F374955C43B8AD56E9" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesReceivableNet_E482D9971C4414A4F7615C43B8AD97B7_verboseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_E482D9971C4414A4F7615C43B8AD97B7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable, net (including $717,543 and $669,179 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet_E482D9971C4414A4F7615C43B8AD97B7" xlink:type="locator" />
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    <link:label id="lab_vac_InventoryTimeshare_2D9ADEC208BA50750FCB5C43B8ADA872_terseLabel_en-US" xlink:label="lab_vac_InventoryTimeshare_2D9ADEC208BA50750FCB5C43B8ADA872" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_InventoryTimeshare" xlink:label="loc_vac_InventoryTimeshare_2D9ADEC208BA50750FCB5C43B8ADA872" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventoryTimeshare_2D9ADEC208BA50750FCB5C43B8ADA872" xlink:to="lab_vac_InventoryTimeshare_2D9ADEC208BA50750FCB5C43B8ADA872" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D_label_en-US" xlink:label="lab_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D" xlink:to="lab_us-gaap_OtherAssets_2B084070DE70DAFD328D5C43B8AEB09D" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_40B3B4A490B0C01BFDB25C43B8B31DAB_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_40B3B4A490B0C01BFDB25C43B8B31DAB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_40B3B4A490B0C01BFDB25C43B8B31DAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_40B3B4A490B0C01BFDB25C43B8B31DAB" xlink:to="lab_us-gaap_Assets_40B3B4A490B0C01BFDB25C43B8B31DAB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LIABILITIES AND EQUITY</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E2D3A0093B46552F2EB65C43B8B32E9B" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
    <link:label id="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4_label_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4" xlink:to="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D6D1D630161DFAB855FA5C43B8B36CA4" xlink:type="arc" />
    <link:label id="lab_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance deposits</link:label>
    <link:label id="lab_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE_label_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer Advances and Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CustomerAdvancesAndDeposits" xlink:label="loc_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE" xlink:to="lab_us-gaap_CustomerAdvancesAndDeposits_68B3427461BAAE4DDA585C43B8B4CEFE" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB_verboseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued liabilities (including $584 and $669 from VIEs, respectively)</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_120CAA38BF0149B230E95C43B8B4DADB" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138_label_en-US" xlink:label="lab_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="loc_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138" xlink:to="lab_us-gaap_DeferredRevenue_EB0FC0B8C6E5B18D7CB05C43B8B47138" xlink:type="arc" />
    <link:label id="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll and benefits liability</link:label>
    <link:label id="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906_label_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee-related Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906" xlink:to="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_18C895181C5633017A6C5C43B8B5A906" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred compensation liability</link:label>
    <link:label id="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF_label_en-US" xlink:label="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Compensation Liability, Current and Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent" xlink:label="loc_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF" xlink:to="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_5D5E43713FF1A01D17D05C43B8B5EBFF" xlink:type="arc" />
    <link:label id="lab_vac_SharesSubjectToMandatoryRedemptionSettlementTermsAmountNet_6CF90E61D7D2B098E9FC5C43B8B5CEF1_terseLabel_en-US" xlink:label="lab_vac_SharesSubjectToMandatoryRedemptionSettlementTermsAmountNet_6CF90E61D7D2B098E9FC5C43B8B5CEF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mandatorily redeemable preferred stock of consolidated subsidiary, net</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_SharesSubjectToMandatoryRedemptionSettlementTermsAmountNet" xlink:label="loc_vac_SharesSubjectToMandatoryRedemptionSettlementTermsAmountNet_6CF90E61D7D2B098E9FC5C43B8B5CEF1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SharesSubjectToMandatoryRedemptionSettlementTermsAmountNet_6CF90E61D7D2B098E9FC5C43B8B5CEF1" xlink:to="lab_vac_SharesSubjectToMandatoryRedemptionSettlementTermsAmountNet_6CF90E61D7D2B098E9FC5C43B8B5CEF1" xlink:type="arc" />
    <link:label id="lab_vac_DebtAndCapitalLeaseObligationsNet_2614FA4F0A0601CB87125C43B8B5499A_verboseLabel_en-US" xlink:label="lab_vac_DebtAndCapitalLeaseObligationsNet_2614FA4F0A0601CB87125C43B8B5499A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt, net (including $738,362 and $684,604 from VIEs, respectively)</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_DebtAndCapitalLeaseObligationsNet" xlink:label="loc_vac_DebtAndCapitalLeaseObligationsNet_2614FA4F0A0601CB87125C43B8B5499A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_DebtAndCapitalLeaseObligationsNet_2614FA4F0A0601CB87125C43B8B5499A" xlink:to="lab_vac_DebtAndCapitalLeaseObligationsNet_2614FA4F0A0601CB87125C43B8B5499A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilities_08847C45F0B7CE841F715C43B8B660B7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_08847C45F0B7CE841F715C43B8B660B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_08847C45F0B7CE841F715C43B8B660B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilities_08847C45F0B7CE841F715C43B8B660B7" xlink:to="lab_us-gaap_OtherLiabilities_08847C45F0B7CE841F715C43B8B660B7" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred taxes</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="loc_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F" xlink:to="lab_us-gaap_DeferredTaxLiabilities_41A73067E3C0002359BF5C43B8B67A9F" xlink:type="arc" />
    <link:label id="lab_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D_label_en-US" xlink:label="lab_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D" xlink:to="lab_us-gaap_Liabilities_D531A2EFAE9E7D4C25B75C43B8B6987D" xlink:type="arc" />
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    <link:label id="lab_vac_InformationTechnologyAssetsGross_D59E6BEDCFE1CDC96590395421C8C8F5_terseLabel_en-US" xlink:label="lab_vac_InformationTechnologyAssetsGross_D59E6BEDCFE1CDC96590395421C8C8F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Information technology</link:label>
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    <link:label id="lab_us-gaap_ConstructionInProgressGross_9714ED42B57EB4276746395421C8A2BC_terseLabel_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_9714ED42B57EB4276746395421C8A2BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction in progress</link:label>
    <link:label id="lab_us-gaap_ConstructionInProgressGross_9714ED42B57EB4276746395421C8A2BC_label_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_9714ED42B57EB4276746395421C8A2BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in Progress, Gross</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_AD7FD042278525658F80395421C84F72" xlink:type="locator" />
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    <link:label id="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E_terseLabel_en-US" xlink:label="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Our Business</link:label>
    <link:label id="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E_label_en-US" xlink:label="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nature of Operations [Policy Text Block]</link:label>
    <link:label id="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E_documentation_en-US" xlink:label="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nature of Operations</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_NatureOfOperationsPolicyTextBlock" xlink:label="loc_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E" xlink:to="lab_vac_NatureOfOperationsPolicyTextBlock_D8C28960560C5DAEBFC3390F6E22F67E" xlink:type="arc" />
    <link:label id="lab_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34_terseLabel_en-US" xlink:label="lab_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Our Spin-Off from Marriott International, Inc.</link:label>
    <link:label id="lab_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34_label_en-US" xlink:label="lab_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Spin Off [Policy Text Block]</link:label>
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    <link:loc xlink:href="vac-20161230.xsd#vac_SpinOffPolicyTextBlock" xlink:label="loc_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34" xlink:to="lab_vac_SpinOffPolicyTextBlock_B665479E2D31E9489F3E390F6E22CB34" xlink:type="arc" />
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    <link:label id="lab_us-gaap_RevenueRecognitionPolicyTextBlock_E9FA57A9A4F802B3AAF8390F6E22DCF3_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueRecognitionPolicyTextBlock_E9FA57A9A4F802B3AAF8390F6E22DCF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue Recognition</link:label>
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    <link:label id="lab_us-gaap_InventoryPolicyTextBlock_EC7477EEB2034E01429A390F6E226F2E_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryPolicyTextBlock_EC7477EEB2034E01429A390F6E226F2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
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    <link:label id="lab_us-gaap_PensionAndOtherPostretirementPlansPensionsPolicy_85A1B4E3020A33D27AA5390F6E227521_terseLabel_en-US" xlink:label="lab_us-gaap_PensionAndOtherPostretirementPlansPensionsPolicy_85A1B4E3020A33D27AA5390F6E227521" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan</link:label>
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    <link:loc xlink:href="vac-20161230.xsd#vac_DeferredCompensationPlanPolicyTextBlock" xlink:label="loc_vac_DeferredCompensationPlanPolicyTextBlock_1204EF4A1DFA99C06238390F6E221BC3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_B60A5A2EF35E78786483390F6E22CF8E_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_B60A5A2EF35E78786483390F6E22CF8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and Equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_B60A5A2EF35E78786483390F6E22CF8E_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_B60A5A2EF35E78786483390F6E22CF8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_B60A5A2EF35E78786483390F6E22CF8E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MinimumGuaranteesPolicy_0A92469BC59BF527715D390F6E22649C_terseLabel_en-US" xlink:label="lab_us-gaap_MinimumGuaranteesPolicy_0A92469BC59BF527715D390F6E22649C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guarantees</link:label>
    <link:label id="lab_us-gaap_MinimumGuaranteesPolicy_0A92469BC59BF527715D390F6E22649C_label_en-US" xlink:label="lab_us-gaap_MinimumGuaranteesPolicy_0A92469BC59BF527715D390F6E22649C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum Guarantees, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinimumGuaranteesPolicy" xlink:label="loc_us-gaap_MinimumGuaranteesPolicy_0A92469BC59BF527715D390F6E22649C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_EF3596CB206146DBEF17390F6E226AF8_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_EF3596CB206146DBEF17390F6E226AF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_EF3596CB206146DBEF17390F6E226AF8_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_EF3596CB206146DBEF17390F6E226AF8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_EF3596CB206146DBEF17390F6E226AF8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_C276382916662F76128F390F6E22A905_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_C276382916662F76128F390F6E22A905" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Cash</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="loc_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_C276382916662F76128F390F6E22A905" xlink:type="locator" />
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    <link:label id="lab_vac_AccountsAndContractsReceivablePolicyTextBlock_B319B1F8F9CA54C6247A390F6E23E160_terseLabel_en-US" xlink:label="lab_vac_AccountsAndContractsReceivablePolicyTextBlock_B319B1F8F9CA54C6247A390F6E23E160" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts and Contracts Receivable</link:label>
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    <link:label id="lab_vac_AccountsAndContractsReceivablePolicyTextBlock_B319B1F8F9CA54C6247A390F6E23E160_documentation_en-US" xlink:label="lab_vac_AccountsAndContractsReceivablePolicyTextBlock_B319B1F8F9CA54C6247A390F6E23E160" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for accounts and contracts receivable. This disclosure may include Amounts due from customers for goods, services, and vacation ownership contracts that have been delivered or sold in the normal course of business. Amounts are net of related allowances established for estimated uncollectible amounts.</link:label>
    <link:loc xlink:href="vac-20161230.xsd#vac_AccountsAndContractsReceivablePolicyTextBlock" xlink:label="loc_vac_AccountsAndContractsReceivablePolicyTextBlock_B319B1F8F9CA54C6247A390F6E23E160" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_391B43116EF261CE189E390F6E23A632_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_391B43116EF261CE189E390F6E23A632" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Loss Reserves</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_391B43116EF261CE189E390F6E23A632" xlink:type="locator" />
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    <link:label id="lab_vac_CostsIncurredToSellVacationOwnershipProductsPolicyTextBlock_6E002BC06FFAEF5F322B390F6E238CBC_terseLabel_en-US" xlink:label="lab_vac_CostsIncurredToSellVacationOwnershipProductsPolicyTextBlock_6E002BC06FFAEF5F322B390F6E238CBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Costs Incurred to Sell Vacation Ownership Products</link:label>
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    <link:loc xlink:href="vac-20161230.xsd#vac_CostsIncurredToSellVacationOwnershipProductsPolicyTextBlock" xlink:label="loc_vac_CostsIncurredToSellVacationOwnershipProductsPolicyTextBlock_6E002BC06FFAEF5F322B390F6E238CBC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentImpairment_E541602E6616BE19FF2D390F6E23E315_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentImpairment_E541602E6616BE19FF2D390F6E23E315" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation of Property and Equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentImpairment" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentImpairment_E541602E6616BE19FF2D390F6E23E315" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentImpairment_E541602E6616BE19FF2D390F6E23E315" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentImpairment_E541602E6616BE19FF2D390F6E23E315" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9_terseLabel_en-US" xlink:label="lab_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments</link:label>
    <link:label id="lab_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9_label_en-US" xlink:label="lab_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and Cost Method Investments, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityAndCostMethodInvestmentsPolicy" xlink:label="loc_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9" xlink:to="lab_us-gaap_EquityAndCostMethodInvestmentsPolicy_B5AEC847FA4B41D24208390F6E2392F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_48956CB77B01D2EDC725390F6E230761_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_48956CB77B01D2EDC725390F6E230761" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurements</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_48956CB77B01D2EDC725390F6E230761_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_48956CB77B01D2EDC725390F6E230761" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock" xlink:label="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_48956CB77B01D2EDC725390F6E230761" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativesPolicyTextBlock_E9D99580496F02BB4370390F6E23FB70_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativesPolicyTextBlock_E9D99580496F02BB4370390F6E23FB70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments</link:label>
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    <link:label id="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_A737CD147F37C46231CC390F6E28BCBC_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_A737CD147F37C46231CC390F6E28BCBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-U.S. Operations</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="loc_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_A737CD147F37C46231CC390F6E28BCBC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommitmentsAndContingenciesPolicyTextBlock_7A1C4224DB4CEE5DC382390F6E289531_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesPolicyTextBlock_7A1C4224DB4CEE5DC382390F6E289531" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesPolicyTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesPolicyTextBlock_7A1C4224DB4CEE5DC382390F6E289531" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CompensationRelatedCostsPolicyTextBlock_B218874711BA31C38FB9390F6E281817_terseLabel_en-US" xlink:label="lab_us-gaap_CompensationRelatedCostsPolicyTextBlock_B218874711BA31C38FB9390F6E281817" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Costs</link:label>
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