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    <link:label id="lab_us-gaap_TimeShareMember_6DDD2727B63C3AB320CAED85D4FB6E01_terseLabel_en-US" xlink:label="lab_us-gaap_TimeShareMember_6DDD2727B63C3AB320CAED85D4FB6E01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership products</link:label>
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    <link:label id="lab_us-gaap_SellingAndMarketingExpense_A24E945A392C29B9E892ED85D4FDA744_terseLabel_en-US" xlink:label="lab_us-gaap_SellingAndMarketingExpense_A24E945A392C29B9E892ED85D4FDA744" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Marketing and sales</link:label>
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    <link:label id="lab_vac_ConsumerFinancingInterestExpense_792B410124D79E34DDE1ED85D4FEB5F3_terseLabel_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_792B410124D79E34DDE1ED85D4FEB5F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consumer financing interest</link:label>
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    <link:label id="lab_vac_ConsumerFinancingInterestExpense_792B410124D79E34DDE1ED85D4FEB5F3_documentation_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_792B410124D79E34DDE1ED85D4FEB5F3" 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>
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    <link:label id="lab_us-gaap_RoyaltyExpense_6AA3A90A75DF136CF1FEED85D4FE006A_terseLabel_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_6AA3A90A75DF136CF1FEED85D4FE006A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty fee</link:label>
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    <link:label id="lab_us-gaap_CostsAndExpenses_BF3A40B8366525CC3E57ED85D4FE5F80_label_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_BF3A40B8366525CC3E57ED85D4FE5F80" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs and Expenses</link:label>
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    <link:label id="lab_vac_WilliamandSharonPetrickCaseMember_7A0F2D2B3943F7848D16F7B7DD3E28E0_terseLabel_en-US" xlink:label="lab_vac_WilliamandSharonPetrickCaseMember_7A0F2D2B3943F7848D16F7B7DD3E28E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">William and Sharon Petrick Case</link:label>
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    <link:label id="lab_vac_AcquisitionofILGMember_27B29C8738CCB59F3923F7B7DD3FA209_terseLabel_en-US" xlink:label="lab_vac_AcquisitionofILGMember_27B29C8738CCB59F3923F7B7DD3FA209" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of ILG</link:label>
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    <link:label id="lab_vac_TheRitzCarltonLakeTahoeMember_FD98480EE2F41274BD94F7B7DD3F0274_terseLabel_en-US" xlink:label="lab_vac_TheRitzCarltonLakeTahoeMember_FD98480EE2F41274BD94F7B7DD3F0274" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">The Ritz-Carlton, Lake Tahoe</link:label>
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    <link:label id="lab_vac_InformationSystemsAndTechnologyMember_669D784762C444648364F7B7DD4031B5_terseLabel_en-US" xlink:label="lab_vac_InformationSystemsAndTechnologyMember_669D784762C444648364F7B7DD4031B5" 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_MarcoIslandFloridaMember_6566946B497B9AA98EECF7B7DD418F69_verboseLabel_en-US" xlink:label="lab_vac_MarcoIslandFloridaMember_6566946B497B9AA98EECF7B7DD418F69" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units located in Marco Island, Florida</link:label>
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    <link:label id="lab_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF_terseLabel_en-US" xlink:label="lab_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Kapalua Bay Settlement</link:label>
    <link:label id="lab_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF_label_en-US" xlink:label="lab_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kapalua Bay Settlement [Member]</link:label>
    <link:label id="lab_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF_documentation_en-US" xlink:label="lab_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Kapalua Bay Settlement [Member]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_KapaluaBaySettlementMember" xlink:label="loc_vac_KapaluaBaySettlementMember_44EF42DA2F2206EEAD07F7B7DD42CFDF" xlink:type="locator" />
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    <link:label id="lab_vac_RitzCarltonClubAspenHighlandsMember_886F3CFCE8C3A78385E4F7B7DD42AE40_terseLabel_en-US" xlink:label="lab_vac_RitzCarltonClubAspenHighlandsMember_886F3CFCE8C3A78385E4F7B7DD42AE40" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RCC-Aspen Highlands</link:label>
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    <link:label id="lab_vac_RitzCarltonClubAspenHighlandsMember_886F3CFCE8C3A78385E4F7B7DD42AE40_documentation_en-US" xlink:label="lab_vac_RitzCarltonClubAspenHighlandsMember_886F3CFCE8C3A78385E4F7B7DD42AE40" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ritz Carlton Club, Aspen Highlands [Member]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_RitzCarltonClubAspenHighlandsMember" xlink:label="loc_vac_RitzCarltonClubAspenHighlandsMember_886F3CFCE8C3A78385E4F7B7DD42AE40" xlink:type="locator" />
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    <link:label id="lab_srt_StatementGeographicalAxis_AF161A870E734BD48276F7B7DD4215E9_terseLabel_en-US" xlink:label="lab_srt_StatementGeographicalAxis_AF161A870E734BD48276F7B7DD4215E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical</link:label>
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    <link:label id="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C_terseLabel_en-US" xlink:label="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New York City, New York</link:label>
    <link:label id="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C_label_en-US" xlink:label="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New York City [Member]</link:label>
    <link:label id="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C_documentation_en-US" xlink:label="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New York City [Member]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_NewYorkCityMember" xlink:label="loc_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C" xlink:to="lab_vac_NewYorkCityMember_08C51DEBCE180BF3C068F7B7DD430E2C" xlink:type="arc" />
    <link:label id="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F_terseLabel_en-US" xlink:label="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bali Indonesia Resort Two</link:label>
    <link:label id="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F_label_en-US" xlink:label="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bali, Indonesia Resort Two [Member]</link:label>
    <link:label id="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F_documentation_en-US" xlink:label="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bali, Indonesia Resort Two [Member]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_BaliIndonesiaResortTwoMember" xlink:label="loc_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F" xlink:to="lab_vac_BaliIndonesiaResortTwoMember_1F3EFB7AEAF83DD38768F7B7DD43768F" xlink:type="arc" />
    <link:label id="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96_terseLabel_en-US" xlink:label="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Francisco, California</link:label>
    <link:label id="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96_label_en-US" xlink:label="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Francisco California [Member]</link:label>
    <link:label id="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96_documentation_en-US" xlink:label="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Francisco California [Member]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_SanFranciscoCaliforniaMember" xlink:label="loc_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96" xlink:to="lab_vac_SanFranciscoCaliforniaMember_9EF292085902BB2D36AFF7B7DD432C96" xlink:type="arc" />
    <link:label id="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1_terseLabel_en-US" xlink:label="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Line Items]</link:label>
    <link:label id="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1_label_en-US" xlink:label="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Line Items]</link:label>
    <link:label id="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1_documentation_en-US" xlink:label="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Line Items]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_CommitmentsAndContingenciesDisclosureLineItems" xlink:label="loc_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1" xlink:to="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_4396D7BA24FF5F4AA53CF7B7DD43CCF1" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6_totalLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment</link:label>
    <link:label id="lab_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6_label_en-US" xlink:label="lab_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligation" xlink:label="loc_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6" xlink:to="lab_us-gaap_PurchaseObligation_51FD8E335BA780EBB3ABF7B7DD44E4B6" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2018</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Future Minimum Payments, Remainder of Fiscal Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear" xlink:label="loc_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD" xlink:to="lab_us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_0C3D5AA3C8C5913644B6F7B7DD4452CD" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2019</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due in Second Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligationDueInSecondYear" xlink:label="loc_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4" xlink:to="lab_us-gaap_PurchaseObligationDueInSecondYear_BD5FD5F534362BA331DCF7B7DD4491E4" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2020</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due in Third Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligationDueInThirdYear" xlink:label="loc_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D" xlink:to="lab_us-gaap_PurchaseObligationDueInThirdYear_5FFF980BA31FB5046F6FF7B7DD44494D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2021</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due in Fourth Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligationDueInFourthYear" xlink:label="loc_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497" xlink:to="lab_us-gaap_PurchaseObligationDueInFourthYear_07347CC093B0AA0F29BAF7B7DD453497" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2022</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due in Fifth Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligationDueInFifthYear" xlink:label="loc_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B" xlink:to="lab_us-gaap_PurchaseObligationDueInFifthYear_EF3F2ADDEBCAD6367A67F7B7DD45501B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, thereafter</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due after Fifth Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PurchaseObligationDueAfterFifthYear" xlink:label="loc_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305" xlink:to="lab_us-gaap_PurchaseObligationDueAfterFifthYear_E1873A108F75B357400CF7B7DD45B305" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital leases, future minimum payments due</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDue" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_242FCB51F2F8F3E066E7F7B7DD45A044" xlink:type="arc" />
    <link:label id="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85_terseLabel_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of vacation ownership units expected to be acquired</link:label>
    <link:label id="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85_label_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected Number of Ownership Units to be Acquired</link:label>
    <link:label id="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85_documentation_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected Number of Ownership Units to be Acquired</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_ExpectedNumberOfOwnershipUnitsToBeAcquired" xlink:label="loc_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85" xlink:to="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_77E45061D37532637D16F7B7DD45EE85" xlink:type="arc" />
    <link:label id="lab_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048_terseLabel_en-US" xlink:label="lab_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surety bonds issued</link:label>
    <link:label id="lab_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048_label_en-US" xlink:label="lab_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surety Bonds</link:label>
    <link:label id="lab_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048_documentation_en-US" xlink:label="lab_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surety Bonds issued.</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_SuretyBonds" xlink:label="loc_vac_SuretyBonds_675AAB050FE1A066F4A7F7B7DD461048" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_848AF80D871ADA0D0B1EF7B7DD46366B_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_848AF80D871ADA0D0B1EF7B7DD46366B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letters of credit outstanding</link:label>
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    <link:label id="lab_vac_BigIslandOfHawaiiMember_4153DC421AC709CA91EEF7893264A4C9_terseLabel_en-US" xlink:label="lab_vac_BigIslandOfHawaiiMember_4153DC421AC709CA91EEF7893264A4C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Big Island Of Hawaii</link:label>
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    <link:label id="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_463B237DB81E8B02563CEB470403276E_label_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_463B237DB81E8B02563CEB470403276E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of Debt Issuance Costs and Discounts</link:label>
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    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_667336C1D7DA0CD69130EB470403ED95_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_667336C1D7DA0CD69130EB470403ED95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable reserve</link:label>
    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_667336C1D7DA0CD69130EB470403ED95_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_667336C1D7DA0CD69130EB470403ED95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Loan and Lease Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="loc_us-gaap_ProvisionForLoanAndLeaseLosses_667336C1D7DA0CD69130EB470403ED95" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensation_79607CD383F9D2F19ED7EB4704037C58_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_79607CD383F9D2F19ED7EB4704037C58" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_79607CD383F9D2F19ED7EB4704037C58_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_79607CD383F9D2F19ED7EB4704037C58" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation</link:label>
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    <link:label id="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B_terseLabel_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:label id="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B_label_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash Income Tax (Expense) Benefit</link:label>
    <link:label id="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B_documentation_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The non-cash component of income tax expense, less the tax benefit from the exercise of stock options, SARs and RSUs.</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_NoncashIncomeTaxExpenseBenefit" xlink:label="loc_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B" xlink:to="lab_vac_NoncashIncomeTaxExpenseBenefit_0FCB711A82B0B8401536EB470403A33B" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E61319E9D4813CD2027CEB4704038B11_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E61319E9D4813CD2027CEB4704038B11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net change in assets and liabilities:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E61319E9D4813CD2027CEB4704038B11_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E61319E9D4813CD2027CEB4704038B11" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E61319E9D4813CD2027CEB4704038B11" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68" 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/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_B1E443948475B1455B46EB47040D6E68" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618_terseLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable originations</link:label>
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618" 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_18D4D502AE63F75D83C5EB47040D1618_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618" 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-20180630.xsd#vac_IncreaseDecreaseInNotesReceivableOriginations" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_18D4D502AE63F75D83C5EB47040D1618" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4_negatedLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable collections</link:label>
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4" 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_CB7D061959A25ED1074CEB47040D9AE4_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4" 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-20180630.xsd#vac_IncreaseDecreaseInNotesReceivableCollections" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableCollections_CB7D061959A25ED1074CEB47040D9AE4" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_A05E08B59024BA1C8193EB47040D374F_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_A05E08B59024BA1C8193EB47040D374F" 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_A05E08B59024BA1C8193EB47040D374F_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_A05E08B59024BA1C8193EB47040D374F" 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/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_A05E08B59024BA1C8193EB47040D374F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories_A05E08B59024BA1C8193EB47040D374F" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories_A05E08B59024BA1C8193EB47040D374F" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4_negatedTerseLabel_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of vacation ownership units for future transfer to inventory</link:label>
    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4_label_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Vacation Ownership Units For Future Transfer To Inventory</link:label>
    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4_documentation_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Vacation Ownership Units For Future Transfer To Inventory</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory" xlink:label="loc_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_DD6C1A2B9D8C617F3813EB47040DCEE4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_793680545DD0420EDC5CEB47040D4B6A_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_793680545DD0420EDC5CEB47040D4B6A" 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_793680545DD0420EDC5CEB47040D4B6A_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_793680545DD0420EDC5CEB47040D4B6A" 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/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_793680545DD0420EDC5CEB47040D4B6A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_D80E140E854D35B3C537EB47040D1DDD_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_D80E140E854D35B3C537EB47040D1DDD" 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_D80E140E854D35B3C537EB47040D1DDD_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_D80E140E854D35B3C537EB47040D1DDD" 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/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_D80E140E854D35B3C537EB47040D1DDD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_D80E140E854D35B3C537EB47040D1DDD" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_D80E140E854D35B3C537EB47040D1DDD" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_A959C4D4B26830C7BB45EB47040D0796_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_A959C4D4B26830C7BB45EB47040D0796" 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_IncreaseDecreaseInContractWithCustomerLiability_A959C4D4B26830C7BB45EB47040D0796_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_A959C4D4B26830C7BB45EB47040D0796" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Contract with Customer, Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInContractWithCustomerLiability" xlink:label="loc_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_A959C4D4B26830C7BB45EB47040D0796" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum loss (less than)</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6" xlink:to="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_0BBCC65AAEB32642755D41453DDDDAE6" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital lease asset</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Lessor Balance Sheet, Net Investment in Direct Financing and Sales Type Leases, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent" xlink:label="loc_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348" xlink:to="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_EFFE3A51D014A6E3008941453DDDB348" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeaseObligations_736EEF9C3077B2ACEBBD41453DDD4607_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeaseObligations_736EEF9C3077B2ACEBBD41453DDD4607" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital lease liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CapitalLeaseObligations" xlink:label="loc_us-gaap_CapitalLeaseObligations_736EEF9C3077B2ACEBBD41453DDD4607" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeaseObligations_736EEF9C3077B2ACEBBD41453DDD4607" xlink:to="lab_us-gaap_CapitalLeaseObligations_736EEF9C3077B2ACEBBD41453DDD4607" xlink:type="arc" />
    <link:label id="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC_terseLabel_en-US" xlink:label="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of vacation ownership units acquired</link:label>
    <link:label id="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC_label_en-US" xlink:label="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Vacation Ownership Units Acquired</link:label>
    <link:label id="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC_documentation_en-US" xlink:label="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Vacation Ownership Units Acquired</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_NumberOfVacationOwnershipUnitsAcquired" xlink:label="loc_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC" xlink:to="lab_vac_NumberOfVacationOwnershipUnitsAcquired_D94D43991FB7543D46A941453DDDC5CC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilities_B1346F6EF9C87BCD343641453DDE560F_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_B1346F6EF9C87BCD343641453DDE560F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_B1346F6EF9C87BCD343641453DDE560F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilities_B1346F6EF9C87BCD343641453DDE560F" xlink:to="lab_us-gaap_OtherLiabilities_B1346F6EF9C87BCD343641453DDE560F" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893_verboseLabel_en-US" xlink:label="lab_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash surrender value of life insurance</link:label>
    <link:label id="lab_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893_label_en-US" xlink:label="lab_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Surrender Value of Life Insurance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashSurrenderValueOfLifeInsurance" xlink:label="loc_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893" xlink:to="lab_us-gaap_CashSurrenderValueOfLifeInsurance_C9194E2A046FF0557D9241453DDEE893" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_6A3824764A7A7B165CB4C85825956DB8_verboseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_6A3824764A7A7B165CB4C85825956DB8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash (including $144,816 and $32,321 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_6A3824764A7A7B165CB4C85825956DB8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalents_6A3824764A7A7B165CB4C85825956DB8" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalents_6A3824764A7A7B165CB4C85825956DB8" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsReceivableNet_A5B5017ABF614744F5EBC8582595D509_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNet_A5B5017ABF614744F5EBC8582595D509" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net (including $6,039 and $5,639 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="loc_us-gaap_AccountsReceivableNet_A5B5017ABF614744F5EBC8582595D509" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableNet_A5B5017ABF614744F5EBC8582595D509" xlink:to="lab_us-gaap_AccountsReceivableNet_A5B5017ABF614744F5EBC8582595D509" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesReceivableNet_A7298BFD7F1E6184E9FFC8582595793E_verboseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_A7298BFD7F1E6184E9FFC8582595793E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable, net (including $964,510 and $814,011 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet_A7298BFD7F1E6184E9FFC8582595793E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableNet_A7298BFD7F1E6184E9FFC8582595793E" xlink:to="lab_us-gaap_NotesReceivableNet_A7298BFD7F1E6184E9FFC8582595793E" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_B9A885D610D93217FB57C85825962905_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_B9A885D610D93217FB57C85825962905" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other (including $25,688 and $13,708 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_B9A885D610D93217FB57C85825962905" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_B9A885D610D93217FB57C85825962905" xlink:to="lab_us-gaap_OtherAssets_B9A885D610D93217FB57C85825962905" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_14A2BFBA01987294C6C7C85825971F58_verboseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_14A2BFBA01987294C6C7C85825971F58" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued liabilities (including $685 and $701 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_14A2BFBA01987294C6C7C85825971F58" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_14A2BFBA01987294C6C7C85825971F58" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_14A2BFBA01987294C6C7C85825971F58" xlink:type="arc" />
    <link:label id="lab_vac_DebtAndCapitalLeaseObligationsNet_9712D854BFB441E90980C8582597FFCC_verboseLabel_en-US" xlink:label="lab_vac_DebtAndCapitalLeaseObligationsNet_9712D854BFB441E90980C8582597FFCC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt, net (including $1,113,860 and $845,131 from VIEs, respectively)</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_DebtAndCapitalLeaseObligationsNet" xlink:label="loc_vac_DebtAndCapitalLeaseObligationsNet_9712D854BFB441E90980C8582597FFCC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingencies and Commitments (Note 9)</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2" xlink:to="lab_us-gaap_CommitmentsAndContingencies_29BA52804C6946324D74C8582598D4D2" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockValue_36BD989E13AC95CC6F70C85825982D3E_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockValue_36BD989E13AC95CC6F70C85825982D3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock &#8212; $0.01 par value; 2,000,000 shares authorized; none issued or outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_36BD989E13AC95CC6F70C85825982D3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockValue_36BD989E13AC95CC6F70C85825982D3E" xlink:to="lab_us-gaap_PreferredStockValue_36BD989E13AC95CC6F70C85825982D3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockValue_28BB1B6DEE13D3515817C8582598B071_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue_28BB1B6DEE13D3515817C8582598B071" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock &#8212; $0.01 par value; 100,000,000 shares authorized; 36,981,204 and 36,861,843 shares issued, respectively</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_28BB1B6DEE13D3515817C8582598B071" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockValue_28BB1B6DEE13D3515817C8582598B071" xlink:to="lab_us-gaap_CommonStockValue_28BB1B6DEE13D3515817C8582598B071" xlink:type="arc" />
    <link:label id="lab_us-gaap_TreasuryStockValue_15DF68852FA4D59C3560C85825985C62_negatedLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockValue_15DF68852FA4D59C3560C85825985C62" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Treasury stock &#8212; at cost; 10,408,996 and 10,400,547 shares, respectively</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaap_TreasuryStockValue_15DF68852FA4D59C3560C85825985C62" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockValue_15DF68852FA4D59C3560C85825985C62" xlink:to="lab_us-gaap_TreasuryStockValue_15DF68852FA4D59C3560C85825985C62" xlink:type="arc" />
    <link:label id="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3_terseLabel_en-US" xlink:label="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Table]</link:label>
    <link:label id="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3_label_en-US" xlink:label="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Table]</link:label>
    <link:label id="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3_documentation_en-US" xlink:label="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Table]</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_SignificantAccountingPoliciesTable" xlink:label="loc_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3" xlink:to="lab_vac_SignificantAccountingPoliciesTable_D0781ED1BDCD70D206E33E61274C37E3" xlink:type="arc" />
    <link:label id="lab_vac_OutsideUnitedStatesMember_752A19F2ECE413701DEA3E61274E4E85_terseLabel_en-US" xlink:label="lab_vac_OutsideUnitedStatesMember_752A19F2ECE413701DEA3E61274E4E85" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operations located outside the United States</link:label>
    <link:label id="lab_vac_OutsideUnitedStatesMember_752A19F2ECE413701DEA3E61274E4E85_label_en-US" xlink:label="lab_vac_OutsideUnitedStatesMember_752A19F2ECE413701DEA3E61274E4E85" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outside United States [Member]</link:label>
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    <link:label id="lab_vac_SignificantAccountingPoliciesLineItems_8D6F6FD0F09250E25D8C3E61274F3D7E_terseLabel_en-US" xlink:label="lab_vac_SignificantAccountingPoliciesLineItems_8D6F6FD0F09250E25D8C3E61274F3D7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Line Items]</link:label>
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    <link:label id="lab_vac_SignificantAccountingPoliciesLineItems_8D6F6FD0F09250E25D8C3E61274F3D7E_documentation_en-US" xlink:label="lab_vac_SignificantAccountingPoliciesLineItems_8D6F6FD0F09250E25D8C3E61274F3D7E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Line Items]</link:label>
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    <link:label id="lab_us-gaap_NumberOfReportableSegments_473E1BCE4F552B9C328E3E61274FA3E8_terseLabel_en-US" xlink:label="lab_us-gaap_NumberOfReportableSegments_473E1BCE4F552B9C328E3E61274FA3E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of business segments</link:label>
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    <link:label id="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_A078C8865211D350F61B3E612750FC11_terseLabel_en-US" xlink:label="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_A078C8865211D350F61B3E612750FC11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of countries and territories in which company operates (location)</link:label>
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    <link:loc xlink:href="vac-20180630.xsd#vac_NumberOfSourcesOfRevenues" xlink:label="loc_vac_NumberOfSourcesOfRevenues_B93127ECF8630646D2903E6127528325" xlink:type="locator" />
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    <link:label id="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_6CBFD841975E081F88DF3E612752AECB_terseLabel_en-US" xlink:label="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_6CBFD841975E081F88DF3E612752AECB" 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>
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    <link:label id="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_6CBFD841975E081F88DF3E612752AECB_documentation_en-US" xlink:label="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_6CBFD841975E081F88DF3E612752AECB" 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-20180630.xsd#vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed" xlink:label="loc_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_6CBFD841975E081F88DF3E612752AECB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SeniorNotesMember_E745391475B5CF0EE9D2C81CC3B6B378_terseLabel_en-US" xlink:label="lab_us-gaap_SeniorNotesMember_E745391475B5CF0EE9D2C81CC3B6B378" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Notes</link:label>
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    <link:label id="lab_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF_totalLabel_en-US" xlink:label="lab_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total financial assets</link:label>
    <link:label id="lab_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF_label_en-US" xlink:label="lab_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Instruments, Financial Assets</link:label>
    <link:label id="lab_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF_documentation_en-US" xlink:label="lab_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Instruments, Financial Assets</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_InstrumentsFinancialAssets" xlink:label="loc_vac_InstrumentsFinancialAssets_C88B3F9E36CC6E96617BC81CC3BB0CCF" xlink:type="locator" />
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    <link:label id="lab_vac_DebtAndCapitalLeaseObligationsNet_033ECB93A60FB3B7CC50C81CC3BBB8B7_negatedLabel_en-US" xlink:label="lab_vac_DebtAndCapitalLeaseObligationsNet_033ECB93A60FB3B7CC50C81CC3BBB8B7" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Debt, net</link:label>
    <link:loc xlink:href="vac-20180630.xsd#vac_DebtAndCapitalLeaseObligationsNet" xlink:label="loc_vac_DebtAndCapitalLeaseObligationsNet_033ECB93A60FB3B7CC50C81CC3BBB8B7" xlink:type="locator" />
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    <link:label id="lab_vac_InstrumentsFinancialLiabilities_4B8BB85172599AD79731C81CC3BBBF97_negatedTotalLabel_en-US" xlink:label="lab_vac_InstrumentsFinancialLiabilities_4B8BB85172599AD79731C81CC3BBBF97" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities</link:label>
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    <link:loc xlink:href="vac-20180630.xsd#vac_InstrumentsFinancialLiabilities" xlink:label="loc_vac_InstrumentsFinancialLiabilities_4B8BB85172599AD79731C81CC3BBBF97" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_27D6D2D2EE9DAA43CD623E612ACA8C52_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_27D6D2D2EE9DAA43CD623E612ACA8C52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">VARIABLE INTEREST ENTITIES</link:label>
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    <link:label id="lab_vac_AncillaryRevenuesMember_D3868D34B55B093683E1F2639F3C3105_terseLabel_en-US" xlink:label="lab_vac_AncillaryRevenuesMember_D3868D34B55B093683E1F2639F3C3105" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ancillary revenues</link:label>
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    <link:label id="lab_vac_NumberOfDaysForPaymentsToCommenceUnderFinancingContractsAfterClosing_D8F7B02327E04F630C8CF2639EC98CFF_terseLabel_en-US" xlink:label="lab_vac_NumberOfDaysForPaymentsToCommenceUnderFinancingContractsAfterClosing_D8F7B02327E04F630C8CF2639EC98CFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days for payments to commence under financing contracts after closing</link:label>
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    <link:label id="lab_vac_VacationOwnershipProductsSalesIncentivesPeriod_BC76943C7D0711D80B87F2639EC9A144_terseLabel_en-US" xlink:label="lab_vac_VacationOwnershipProductsSalesIncentivesPeriod_BC76943C7D0711D80B87F2639EC9A144" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership products, sales incentives, period</link:label>
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