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    <link:label id="lab_vac_NoncashIncomeTaxExpenseBenefit_8190B7C51E3F19F9BA539AD8B6B972A7_label_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_8190B7C51E3F19F9BA539AD8B6B972A7" 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_8190B7C51E3F19F9BA539AD8B6B972A7_documentation_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_8190B7C51E3F19F9BA539AD8B6B972A7" 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-20160909.xsd#vac_NoncashIncomeTaxExpenseBenefit" xlink:label="loc_vac_NoncashIncomeTaxExpenseBenefit_8190B7C51E3F19F9BA539AD8B6B972A7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5BA315157DCF1D7ED4C49AD8B6B9B181_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5BA315157DCF1D7ED4C49AD8B6B9B181" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on disposal of property and equipment, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5BA315157DCF1D7ED4C49AD8B6B9B181_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5BA315157DCF1D7ED4C49AD8B6B9B181" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Property Plant Equipment</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_GainLossOnSaleOfPropertyPlantEquipment_5BA315157DCF1D7ED4C49AD8B6B9B181" xlink:to="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5BA315157DCF1D7ED4C49AD8B6B9B181" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Non-cash reversal of litigation settlement</link:label>
    <link:label id="lab_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94_label_en-US" xlink:label="lab_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) Related to Litigation Settlement</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossRelatedToLitigationSettlement" xlink:label="loc_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94" xlink:to="lab_us-gaap_GainLossRelatedToLitigationSettlement_734A49AAFC6E2CB76FC59AD8B6B9BD94" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_661BA2183E80196B32D29AD8B6B90CC6_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_661BA2183E80196B32D29AD8B6B90CC6" 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_661BA2183E80196B32D29AD8B6B90CC6_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_661BA2183E80196B32D29AD8B6B90CC6" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_661BA2183E80196B32D29AD8B6B90CC6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_661BA2183E80196B32D29AD8B6B90CC6" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_661BA2183E80196B32D29AD8B6B90CC6" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D56F815E628DEF06FA5D9AD8B6B9C7BF_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D56F815E628DEF06FA5D9AD8B6B9C7BF" 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_D56F815E628DEF06FA5D9AD8B6B9C7BF_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D56F815E628DEF06FA5D9AD8B6B9C7BF" 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_D56F815E628DEF06FA5D9AD8B6B9C7BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D56F815E628DEF06FA5D9AD8B6B9C7BF" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D56F815E628DEF06FA5D9AD8B6B9C7BF" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654_terseLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654" 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_E6D8BCA25E4573F7398E9AD8B6B96654_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654" 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_E6D8BCA25E4573F7398E9AD8B6B96654_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654" 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-20160909.xsd#vac_IncreaseDecreaseInNotesReceivableOriginations" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_E6D8BCA25E4573F7398E9AD8B6B96654" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312_negatedLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312" 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_06828750004D11E4B61F9AD8B6B93312_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312" 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_06828750004D11E4B61F9AD8B6B93312_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312" 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-20160909.xsd#vac_IncreaseDecreaseInNotesReceivableCollections" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableCollections_06828750004D11E4B61F9AD8B6B93312" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_6A38AA408F82D56474C49AD8B6B9EF9D_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_6A38AA408F82D56474C49AD8B6B9EF9D" 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_6A38AA408F82D56474C49AD8B6B9EF9D_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_6A38AA408F82D56474C49AD8B6B9EF9D" 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_6A38AA408F82D56474C49AD8B6B9EF9D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories_6A38AA408F82D56474C49AD8B6B9EF9D" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories_6A38AA408F82D56474C49AD8B6B9EF9D" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_646E3B821B260F0342DF9AD8B6BA92CE_negatedLabel_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_646E3B821B260F0342DF9AD8B6BA92CE" 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_646E3B821B260F0342DF9AD8B6BA92CE_label_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_646E3B821B260F0342DF9AD8B6BA92CE" 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_646E3B821B260F0342DF9AD8B6BA92CE_documentation_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_646E3B821B260F0342DF9AD8B6BA92CE" 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>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_4A14861E7A3E48C29E139AD8B6BA7E41_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_4A14861E7A3E48C29E139AD8B6BA7E41" 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_4A14861E7A3E48C29E139AD8B6BA7E41_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_4A14861E7A3E48C29E139AD8B6BA7E41" 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_4A14861E7A3E48C29E139AD8B6BA7E41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_4A14861E7A3E48C29E139AD8B6BA7E41" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_4A14861E7A3E48C29E139AD8B6BA7E41" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_E523495E048B37F860D09AD8B6BA1CE5_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_E523495E048B37F860D09AD8B6BA1CE5" 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>
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    <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_E523495E048B37F860D09AD8B6BA1CE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_E523495E048B37F860D09AD8B6BA1CE5" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_E523495E048B37F860D09AD8B6BA1CE5" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_9D94154465D9702A0BD19AD8B6BA20D9_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_9D94154465D9702A0BD19AD8B6BA20D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</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_IncreaseDecreaseInDeferredRevenue" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_9D94154465D9702A0BD19AD8B6BA20D9" 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_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_446348FD73044BAFEEC69AD8B6BA54E0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_9EB6BE1D6F4164901D0F9AD8B6BA73A0_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_9EB6BE1D6F4164901D0F9AD8B6BA73A0" 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>
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesGross_72DB0098BD897203295D9AD8B65AF412_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesGross_72DB0098BD897203295D9AD8B65AF412" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash paid for acquisition of operating property</link:label>
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    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_7DF10C9FB87413ADD6359AD8B65AFAC9_terseLabel_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_7DF10C9FB87413ADD6359AD8B65AFAC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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:label id="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_B3DD527BCD7F694811829AD8B65A3EAB_terseLabel_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_B3DD527BCD7F694811829AD8B65A3EAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash from disposal of property</link:label>
    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_B3DD527BCD7F694811829AD8B65A3EAB_label_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_B3DD527BCD7F694811829AD8B65A3EAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions and Disposals Acquisition Cash Proceeds</link:label>
    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_B3DD527BCD7F694811829AD8B65A3EAB_documentation_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_B3DD527BCD7F694811829AD8B65A3EAB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash paid or proceeds received by the entity in the significant acquisition or disposal.</link:label>
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    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF_terseLabel_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guaranteed net operating income</link:label>
    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF_label_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantee Of Net Operating Income Associated With The Disposition Of Real Estate</link:label>
    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF_documentation_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Guarantee of net operating income associated with the disposition of real estate.</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate" xlink:label="loc_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_D56B4F6EDCEAD9963E469AD8B65AD6DF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on disposition of an asset</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Properties</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="loc_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089" xlink:to="lab_us-gaap_GainLossOnSaleOfProperties_83ECD08C3A1A110B2AB29AD8B65A4089" xlink:type="arc" />
    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC_terseLabel_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guaranteed net operating income, period</link:label>
    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC_label_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantee Of Net Operating Income Period</link:label>
    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC_documentation_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Guarantee Of Net Operating Income Period</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_GuaranteeOfNetOperatingIncomePeriod" xlink:label="loc_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC" xlink:to="lab_vac_GuaranteeOfNetOperatingIncomePeriod_5A2A18B10DF1112F4D179AD8B65AE0EC" xlink:type="arc" />
    <link:label id="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19_terseLabel_en-US" xlink:label="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of disposed Units</link:label>
    <link:label id="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19_label_en-US" xlink:label="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Units Disposed Of In Connection With Disposition Of Asset</link:label>
    <link:label id="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19_documentation_en-US" xlink:label="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of units disposed of in connection with disposition of real estate.</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset" xlink:label="loc_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19" xlink:to="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_CAB3C3508810075596D29AD8B65A8A19" xlink:type="arc" />
    <link:label id="lab_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1_terseLabel_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1" 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_1D00F7D4B765DF4316F09AD8B65A67D1_label_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1" 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_1D00F7D4B765DF4316F09AD8B65A67D1_documentation_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1" 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-20160909.xsd#vac_InventorySoldSubjectToConditionalRepurchase" xlink:label="loc_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1" xlink:to="lab_vac_InventorySoldSubjectToConditionalRepurchase_1D00F7D4B765DF4316F09AD8B65A67D1" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_F8F5581047D1BB7837C99AD8B65B5DDF_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_F8F5581047D1BB7837C99AD8B65B5DDF" 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>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="loc_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_F8F5581047D1BB7837C99AD8B65B5DDF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_F8F5581047D1BB7837C99AD8B65B5DDF" xlink:to="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_F8F5581047D1BB7837C99AD8B65B5DDF" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on disposition of business</link:label>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB_label_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB" xlink:to="lab_us-gaap_GainLossOnDispositionOfAssets_22200A9C8CC4CBD7E9D89AD8B65B98AB" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilities_0B3CDC222DD7BAFC12039AD8B65BD765_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_0B3CDC222DD7BAFC12039AD8B65BD765" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_0B3CDC222DD7BAFC12039AD8B65BD765" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilities_0B3CDC222DD7BAFC12039AD8B65BD765" xlink:to="lab_us-gaap_OtherLiabilities_0B3CDC222DD7BAFC12039AD8B65BD765" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherReceivables_8714ADF947DBAC961D669AD8B65BFD5A_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_8714ADF947DBAC961D669AD8B65BFD5A" 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_8714ADF947DBAC961D669AD8B65BFD5A_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_8714ADF947DBAC961D669AD8B65BFD5A" 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_8714ADF947DBAC961D669AD8B65BFD5A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_8714ADF947DBAC961D669AD8B65BFD5A" xlink:to="lab_us-gaap_OtherReceivables_8714ADF947DBAC961D669AD8B65BFD5A" xlink:type="arc" />
    <link:label id="lab_vac_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock_DDBB536E9C1068808D7B9AD8B5B171BB_terseLabel_en-US" xlink:label="lab_vac_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock_DDBB536E9C1068808D7B9AD8B5B171BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assumptions Used to Estimate Fair Value of Grants</link:label>
    <link:label id="lab_vac_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock_DDBB536E9C1068808D7B9AD8B5B171BB_label_en-US" xlink:label="lab_vac_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock_DDBB536E9C1068808D7B9AD8B5B171BB" 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 Fair Value Assumptions [Table Text Block]</link:label>
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    <link:label id="lab_vac_PastDuePeriod_461DED98B40D69BE5E489AD8B68D0285_terseLabel_en-US" xlink:label="lab_vac_PastDuePeriod_461DED98B40D69BE5E489AD8B68D0285" 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_461DED98B40D69BE5E489AD8B68D0285_label_en-US" xlink:label="lab_vac_PastDuePeriod_461DED98B40D69BE5E489AD8B68D0285" 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_461DED98B40D69BE5E489AD8B68D0285_documentation_en-US" xlink:label="lab_vac_PastDuePeriod_461DED98B40D69BE5E489AD8B68D0285" 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-20160909.xsd#vac_PastDuePeriod" xlink:label="loc_vac_PastDuePeriod_461DED98B40D69BE5E489AD8B68D0285" xlink:type="locator" />
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    <link:label id="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_A4FBCC28DC000AE00FE59AD8B68DC5CB_terseLabel_en-US" xlink:label="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_A4FBCC28DC000AE00FE59AD8B68DC5CB" 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>
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    <link:loc xlink:href="vac-20160909.xsd#vac_PastDueLoanSuspendAccrualOfInterestPeriod" xlink:label="loc_vac_PastDueLoanSuspendAccrualOfInterestPeriod_A4FBCC28DC000AE00FE59AD8B68DC5CB" xlink:type="locator" />
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    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8F3B82F5135D9FFA0AB99AD8B68DF3DC_terseLabel_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_8F3B82F5135D9FFA0AB99AD8B68DF3DC" 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>
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    <link:label id="lab_us-gaap_LossContingencyNatureDomain_45BE602DF146A07AEE44BA2B12994F31_label_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain_45BE602DF146A07AEE44BA2B12994F31" 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_45BE602DF146A07AEE44BA2B12994F31" xlink:type="locator" />
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    <link:label id="lab_vac_InformationSystemsAndTechnologyMember_CAEC9C5DA28A2C9318E4BA2B12996F41_terseLabel_en-US" xlink:label="lab_vac_InformationSystemsAndTechnologyMember_CAEC9C5DA28A2C9318E4BA2B12996F41" 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:loc xlink:href="vac-20160909.xsd#vac_InformationSystemsAndTechnologyMember" xlink:label="loc_vac_InformationSystemsAndTechnologyMember_CAEC9C5DA28A2C9318E4BA2B12996F41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InformationSystemsAndTechnologyMember_CAEC9C5DA28A2C9318E4BA2B12996F41" xlink:to="lab_vac_InformationSystemsAndTechnologyMember_CAEC9C5DA28A2C9318E4BA2B12996F41" xlink:type="arc" />
    <link:label id="lab_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8_terseLabel_en-US" xlink:label="lab_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Primary Obligor</link:label>
    <link:label id="lab_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8_label_en-US" xlink:label="lab_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Primary Obligor [Member]</link:label>
    <link:label id="lab_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8_documentation_en-US" xlink:label="lab_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Primary Obligor</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_PrimaryObligorMember" xlink:label="loc_vac_PrimaryObligorMember_0AAD18CB07C0D836450CBA2B129940B8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_E13370D50C1A9BB14A89BA2B12998D92_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_E13370D50C1A9BB14A89BA2B12998D92" 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_E13370D50C1A9BB14A89BA2B12998D92_label_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_E13370D50C1A9BB14A89BA2B12998D92" 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_E13370D50C1A9BB14A89BA2B12998D92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_E13370D50C1A9BB14A89BA2B12998D92" xlink:to="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_E13370D50C1A9BB14A89BA2B12998D92" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_2D39870ADC3C0FA23177BA2B1299A375_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_2D39870ADC3C0FA23177BA2B1299A375" 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_2D39870ADC3C0FA23177BA2B1299A375_label_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_2D39870ADC3C0FA23177BA2B1299A375" 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_2D39870ADC3C0FA23177BA2B1299A375" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_2D39870ADC3C0FA23177BA2B1299A375" xlink:to="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_2D39870ADC3C0FA23177BA2B1299A375" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D_terseLabel_en-US" xlink:label="lab_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D" 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_EC8F5A85EB20A359B2A8BA2B1299A06D_label_en-US" xlink:label="lab_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D" 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_EC8F5A85EB20A359B2A8BA2B1299A06D_documentation_en-US" xlink:label="lab_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D" 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-20160909.xsd#vac_PurchaseCommitmentThreeMember" xlink:label="loc_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D" xlink:to="lab_vac_PurchaseCommitmentThreeMember_EC8F5A85EB20A359B2A8BA2B1299A06D" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseCommitmentTwoMember_2737D4F6AA6736702585BA2B12995005_terseLabel_en-US" xlink:label="lab_vac_PurchaseCommitmentTwoMember_2737D4F6AA6736702585BA2B12995005" 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>
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    <link:loc xlink:href="vac-20160909.xsd#vac_PurchaseCommitmentTwoMember" xlink:label="loc_vac_PurchaseCommitmentTwoMember_2737D4F6AA6736702585BA2B12995005" xlink:type="locator" />
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    <link:label id="lab_vac_PeriodAxis_4284DEFCD3F6869849E6BA2B129A96CA_terseLabel_en-US" xlink:label="lab_vac_PeriodAxis_4284DEFCD3F6869849E6BA2B129A96CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period</link:label>
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    <link:label id="lab_vac_PeriodAxis_4284DEFCD3F6869849E6BA2B129A96CA_documentation_en-US" xlink:label="lab_vac_PeriodAxis_4284DEFCD3F6869849E6BA2B129A96CA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period [Axis]</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_PeriodAxis" xlink:label="loc_vac_PeriodAxis_4284DEFCD3F6869849E6BA2B129A96CA" xlink:type="locator" />
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    <link:label id="lab_vac_PeriodDomain_EBA529F8B8389D129E51BA2B129A5759_label_en-US" xlink:label="lab_vac_PeriodDomain_EBA529F8B8389D129E51BA2B129A5759" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period [Domain]</link:label>
    <link:label id="lab_vac_PeriodDomain_EBA529F8B8389D129E51BA2B129A5759_documentation_en-US" xlink:label="lab_vac_PeriodDomain_EBA529F8B8389D129E51BA2B129A5759" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period [Domain]</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_PeriodDomain" xlink:label="loc_vac_PeriodDomain_EBA529F8B8389D129E51BA2B129A5759" xlink:type="locator" />
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    <link:label id="lab_vac_FiscalYearTwentySeventeenMember_E3BD07C224C96258A6C8BA2B129A151D_terseLabel_en-US" xlink:label="lab_vac_FiscalYearTwentySeventeenMember_E3BD07C224C96258A6C8BA2B129A151D" 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="vac-20160909.xsd#vac_FiscalYearTwentySeventeenMember" xlink:label="loc_vac_FiscalYearTwentySeventeenMember_E3BD07C224C96258A6C8BA2B129A151D" xlink:type="locator" />
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    <link:label id="lab_vac_FiscalYearTwentyEighteenMember_EA9207112DC1165B2670BA2B129A2046_terseLabel_en-US" xlink:label="lab_vac_FiscalYearTwentyEighteenMember_EA9207112DC1165B2670BA2B129A2046" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
    <link:label id="lab_vac_FiscalYearTwentyEighteenMember_EA9207112DC1165B2670BA2B129A2046_label_en-US" xlink:label="lab_vac_FiscalYearTwentyEighteenMember_EA9207112DC1165B2670BA2B129A2046" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fiscal Year 2018 [Member]</link:label>
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    <link:loc xlink:href="vac-20160909.xsd#vac_FiscalYearTwentyEighteenMember" xlink:label="loc_vac_FiscalYearTwentyEighteenMember_EA9207112DC1165B2670BA2B129A2046" 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_GuaranteeObligationsByNatureAxis" xlink:label="loc_us-gaap_GuaranteeObligationsByNatureAxis_1CAD880CFFE25D72029EBA2B129FB0FF" 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_GuaranteeObligationsNatureDomain" xlink:label="loc_us-gaap_GuaranteeObligationsNatureDomain_C6C6D1A6EE4B983821FEBA2B129F7675" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2_terseLabel_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2" 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_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2_label_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Obligation, Due in Third Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInThirdYear" xlink:label="loc_us-gaap_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2" xlink:to="lab_us-gaap_ContractualObligationDueInThirdYear_0D322BEAFC01188124D1BA2B12A325D2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A_terseLabel_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A" 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_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A_label_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Obligation, Due in Fourth Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInFourthYear" xlink:label="loc_us-gaap_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A" xlink:to="lab_us-gaap_ContractualObligationDueInFourthYear_DE445154B88E8FFF17AFBA2B12A3FB7A" xlink:type="arc" />
    <link:label id="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5_terseLabel_en-US" xlink:label="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5" 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>
    <link:label id="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5_label_en-US" xlink:label="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments to Purchase Vacation Ownership Units, Number of Resorts</link:label>
    <link:label id="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5_documentation_en-US" xlink:label="lab_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments to Purchase Vacation Ownership Units, Number of Resorts</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts" xlink:label="loc_vac_CommitmentstoPurchaseVacationOwnershipUnitsNumberofResorts_88EAF7B5267324B9F286BA2B12A384F5" xlink:type="locator" />
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    <link:label id="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243_terseLabel_en-US" xlink:label="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of transactions</link:label>
    <link:label id="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243_label_en-US" xlink:label="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Transactions</link:label>
    <link:label id="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243_documentation_en-US" xlink:label="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Transactions</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_NumberofTransactions" xlink:label="loc_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243" xlink:to="lab_vac_NumberofTransactions_FD0C28C4A90F03044395BA2B12A33243" xlink:type="arc" />
    <link:label id="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1_terseLabel_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1" 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_A845CC15F16D5CF30433BA2B12A31ED1_label_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1" 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_A845CC15F16D5CF30433BA2B12A31ED1_documentation_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1" 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-20160909.xsd#vac_ExpectedNumberOfOwnershipUnitsToBeAcquired" xlink:label="loc_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1" xlink:to="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_A845CC15F16D5CF30433BA2B12A31ED1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF_terseLabel_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2016</link:label>
    <link:label id="lab_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF_label_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Obligation, Due in Next Fiscal Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:label="loc_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF" xlink:to="lab_us-gaap_ContractualObligationDueInNextTwelveMonths_08B59CD885CACD7DD9C4BA2B12A3DDAF" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690_terseLabel_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitment obligation due, 2017</link:label>
    <link:label id="lab_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690_label_en-US" xlink:label="lab_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Obligation, Due in Second Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInSecondYear" xlink:label="loc_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690" xlink:to="lab_us-gaap_ContractualObligationDueInSecondYear_CE6B80F84F5FA4EEE038BA2B12A8A690" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units due in 2017</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PurchaseObligationDueInThirdYear" xlink:label="loc_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540" xlink:to="lab_us-gaap_PurchaseObligationDueInThirdYear_5625136C2D863DB6A845BA2B12A8B540" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units due in 2018</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PurchaseObligationDueInFourthYear" xlink:label="loc_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961" xlink:to="lab_us-gaap_PurchaseObligationDueInFourthYear_DAB250655791A62E3D9EBA2B12A9E961" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInFifthYear_2B4DF3949F6C815AF2BCBA2B12A9B6F7_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFifthYear_2B4DF3949F6C815AF2BCBA2B12A9B6F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units due in 2019</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInFifthYear_2B4DF3949F6C815AF2BCBA2B12A9B6F7_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFifthYear_2B4DF3949F6C815AF2BCBA2B12A9B6F7" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PurchaseObligationDueInFifthYear" xlink:label="loc_us-gaap_PurchaseObligationDueInFifthYear_2B4DF3949F6C815AF2BCBA2B12A9B6F7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase vacation ownership units</link:label>
    <link:label id="lab_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC_label_en-US" xlink:label="lab_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PurchaseObligation" xlink:label="loc_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC" xlink:to="lab_us-gaap_PurchaseObligation_65243694BB34217201C0BA2B12A927DC" xlink:type="arc" />
    <link:label id="lab_vac_AnticipatedAssetAcquisitionExpectedClosingYear_C6F5FEF7801FA88D3EA7BA2B12A93D6C_terseLabel_en-US" xlink:label="lab_vac_AnticipatedAssetAcquisitionExpectedClosingYear_C6F5FEF7801FA88D3EA7BA2B12A93D6C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Anticipated business acquisition expected closing year</link:label>
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    <link:label id="lab_vac_AnticipatedAssetAcquisitionExpectedClosingYear_C6F5FEF7801FA88D3EA7BA2B12A93D6C_documentation_en-US" xlink:label="lab_vac_AnticipatedAssetAcquisitionExpectedClosingYear_C6F5FEF7801FA88D3EA7BA2B12A93D6C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Anticipated Asset Acquisition Expected Closing Year</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_AnticipatedAssetAcquisitionExpectedClosingYear" xlink:label="loc_vac_AnticipatedAssetAcquisitionExpectedClosingYear_C6F5FEF7801FA88D3EA7BA2B12A93D6C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_8D748C1A5FA6387CBC73BA2B12A9887A_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_8D748C1A5FA6387CBC73BA2B12A9887A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating leases, future minimum payments due, total</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_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_8D748C1A5FA6387CBC73BA2B12A9887A" 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_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_BEF757775ADC8755C44EBA2B12A99BAE" 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_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_E008B69AE4BA8C14BBD9BA2B12A92710" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_E008B69AE4BA8C14BBD9BA2B12A92710" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_E008B69AE4BA8C14BBD9BA2B12A92710" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_4C47B881705AC35CDC78BA2B12A90D42" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_4C47B881705AC35CDC78BA2B12A90D42" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_4C47B881705AC35CDC78BA2B12A90D42" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_5DCEB5A684B3FFA47C9FBA2B12A99949" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_5DCEB5A684B3FFA47C9FBA2B12A99949" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_5DCEB5A684B3FFA47C9FBA2B12A99949" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_E4552F76F0FF663E84B3BA2B12A9FEF8_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_E4552F76F0FF663E84B3BA2B12A9FEF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating leases, future minimum payments due thereafter</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_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_E4552F76F0FF663E84B3BA2B12A9FEF8" xlink:type="locator" />
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    <link:label id="lab_vac_SuretyBonds_C705FA95E63AA89E8DD0BA2B12A9EE76_terseLabel_en-US" xlink:label="lab_vac_SuretyBonds_C705FA95E63AA89E8DD0BA2B12A9EE76" 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_C705FA95E63AA89E8DD0BA2B12A9EE76_label_en-US" xlink:label="lab_vac_SuretyBonds_C705FA95E63AA89E8DD0BA2B12A9EE76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surety Bonds</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_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_AC9FB0B45A167349A54FBA2B12A9CBEA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_FA176D7DB9F0EFA116A4BA2B12A99AF9_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_FA176D7DB9F0EFA116A4BA2B12A99AF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving credit facility</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_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_FA176D7DB9F0EFA116A4BA2B12A99AF9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingencyNumberOfPlaintiffs_CB3BFFFEB711FE968799BA2B12A95D89_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyNumberOfPlaintiffs_CB3BFFFEB711FE968799BA2B12A95D89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of plaintiffs in lawsuits</link:label>
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    <link:label id="lab_vac_LossContingencyNumberofPlaintiffsReleasedClaims_E3213B6AA169176EC0A8BA2B12A94C91_terseLabel_en-US" xlink:label="lab_vac_LossContingencyNumberofPlaintiffsReleasedClaims_E3213B6AA169176EC0A8BA2B12A94C91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of plaintiffs, released claims</link:label>
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    <link:label id="lab_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480_terseLabel_en-US" xlink:label="lab_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A preferred stock issued value</link:label>
    <link:label id="lab_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480_label_en-US" xlink:label="lab_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redeemable Preferred Stock Value, Issued</link:label>
    <link:label id="lab_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480_documentation_en-US" xlink:label="lab_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redeemable Preferred Stock Value, Issued</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_RedeemablePreferredStockValueIssued" xlink:label="loc_vac_RedeemablePreferredStockValueIssued_5A2EFB5C5B756A21AA449AD8B5DAE480" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_896196A3065415F35C759AD8B5DAA752_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_896196A3065415F35C759AD8B5DAA752" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A preferred stock, basic point</link:label>
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    <link:label id="lab_vac_MandatorilyRedeemablePreferredStockSharesAuthorized_DFD658DB08DB5A7E208E9AD8B5DB05E5_terseLabel_en-US" xlink:label="lab_vac_MandatorilyRedeemablePreferredStockSharesAuthorized_DFD658DB08DB5A7E208E9AD8B5DB05E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A preferred stock, share authorized (In shares)</link:label>
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    <link:label id="lab_vac_MandatorilyRedeemablePreferredStockSharesIssued_013177670138441B69279AD8B5DBD4FE_documentation_en-US" xlink:label="lab_vac_MandatorilyRedeemablePreferredStockSharesIssued_013177670138441B69279AD8B5DBD4FE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total number of mandatorily redeemable preferred shares issued to shareholders.</link:label>
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    <link:label id="lab_us-gaap_AssetsAbstract_58D0C3722430DD2565709AD8B6CC7F38_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_58D0C3722430DD2565709AD8B6CC7F38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ASSETS</link:label>
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_CD505D132B574C54B5EE9AD8B6CC5D10_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_CD505D132B574C54B5EE9AD8B6CC5D10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_CD505D132B574C54B5EE9AD8B6CC5D10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_CD505D132B574C54B5EE9AD8B6CC5D10" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_CD505D132B574C54B5EE9AD8B6CC5D10" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_E1A6650BAA2E11055D8C9AD8B6CC2732_verboseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_E1A6650BAA2E11055D8C9AD8B6CC2732" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash (including $88,559 and $26,884 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_RestrictedCashAndCashEquivalents" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_E1A6650BAA2E11055D8C9AD8B6CC2732" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalents_E1A6650BAA2E11055D8C9AD8B6CC2732" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalents_E1A6650BAA2E11055D8C9AD8B6CC2732" xlink:type="arc" />
    <link:label id="lab_vac_AccountsAndContractsReceivableNet_9AD873FE4DB7D39284DF9AD8B6CD7FEC_verboseLabel_en-US" xlink:label="lab_vac_AccountsAndContractsReceivableNet_9AD873FE4DB7D39284DF9AD8B6CD7FEC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts and contracts receivable, net (including $4,687 and $4,893 from VIEs, respectively)</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_AccountsAndContractsReceivableNet" xlink:label="loc_vac_AccountsAndContractsReceivableNet_9AD873FE4DB7D39284DF9AD8B6CD7FEC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_AccountsAndContractsReceivableNet_9AD873FE4DB7D39284DF9AD8B6CD7FEC" xlink:to="lab_vac_AccountsAndContractsReceivableNet_9AD873FE4DB7D39284DF9AD8B6CD7FEC" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesReceivableNet_3E23B9657E5F581EB5729AD8B6CD86ED_verboseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_3E23B9657E5F581EB5729AD8B6CD86ED" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable, net (including $730,076 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_3E23B9657E5F581EB5729AD8B6CD86ED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableNet_3E23B9657E5F581EB5729AD8B6CD86ED" xlink:to="lab_us-gaap_NotesReceivableNet_3E23B9657E5F581EB5729AD8B6CD86ED" xlink:type="arc" />
    <link:label id="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7_terseLabel_en-US" xlink:label="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
    <link:label id="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7_label_en-US" xlink:label="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Timeshare</link:label>
    <link:label id="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7_documentation_en-US" xlink:label="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total of (1) improvements, (2) held-for-sale, (3) land and land under development, (4) construction-in-process, and (5) operating supplies, held in the normal course of business.</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_InventoryTimeshare" xlink:label="loc_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7" xlink:to="lab_vac_InventoryTimeshare_283A17F8D25D49C36E519AD8B6CD5FD7" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E" 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_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_4E3B603EC5359595893F9AD8B6CDAC6E" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_9B7739F4EF36F23B2F209AD8B6CD487B_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_9B7739F4EF36F23B2F209AD8B6CD487B" 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_9B7739F4EF36F23B2F209AD8B6CD487B_label_en-US" xlink:label="lab_us-gaap_OtherAssets_9B7739F4EF36F23B2F209AD8B6CD487B" 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_9B7739F4EF36F23B2F209AD8B6CD487B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_9B7739F4EF36F23B2F209AD8B6CD487B" xlink:to="lab_us-gaap_OtherAssets_9B7739F4EF36F23B2F209AD8B6CD487B" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_2E5FE9F2BFD0A71E51749AD8B6CD82DE_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_2E5FE9F2BFD0A71E51749AD8B6CD82DE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
    <link:label id="lab_us-gaap_Assets_2E5FE9F2BFD0A71E51749AD8B6CD82DE_label_en-US" xlink:label="lab_us-gaap_Assets_2E5FE9F2BFD0A71E51749AD8B6CD82DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">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_2E5FE9F2BFD0A71E51749AD8B6CD82DE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_2E5FE9F2BFD0A71E51749AD8B6CD82DE" xlink:to="lab_us-gaap_Assets_2E5FE9F2BFD0A71E51749AD8B6CD82DE" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_CE2D431FADB2CF01EAD89AD8B6CD9052_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_CE2D431FADB2CF01EAD89AD8B6CD9052" 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_CE2D431FADB2CF01EAD89AD8B6CD9052_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_CE2D431FADB2CF01EAD89AD8B6CD9052" 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_CE2D431FADB2CF01EAD89AD8B6CD9052" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_CE2D431FADB2CF01EAD89AD8B6CD9052" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_CE2D431FADB2CF01EAD89AD8B6CD9052" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D02D1BD7A3EA5066192F9AD8B6CD05EB_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D02D1BD7A3EA5066192F9AD8B6CD05EB" 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_D02D1BD7A3EA5066192F9AD8B6CD05EB_label_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D02D1BD7A3EA5066192F9AD8B6CD05EB" 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_D02D1BD7A3EA5066192F9AD8B6CD05EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_D02D1BD7A3EA5066192F9AD8B6CD05EB" xlink:to="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_D02D1BD7A3EA5066192F9AD8B6CD05EB" xlink:type="arc" />
    <link:label id="lab_us-gaap_CustomerAdvancesAndDeposits_8F0B4CE0D79CAA29FAE89AD8B6CD254F_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_8F0B4CE0D79CAA29FAE89AD8B6CD254F" 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_8F0B4CE0D79CAA29FAE89AD8B6CD254F_label_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_8F0B4CE0D79CAA29FAE89AD8B6CD254F" 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_8F0B4CE0D79CAA29FAE89AD8B6CD254F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CustomerAdvancesAndDeposits_8F0B4CE0D79CAA29FAE89AD8B6CD254F" xlink:to="lab_us-gaap_CustomerAdvancesAndDeposits_8F0B4CE0D79CAA29FAE89AD8B6CD254F" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_FB41C328CE62E14924AF9AD8B6CD79B0_verboseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_FB41C328CE62E14924AF9AD8B6CD79B0" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued liabilities (including $1,361 and $669 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_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_FB41C328CE62E14924AF9AD8B6CD79B0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_FB41C328CE62E14924AF9AD8B6CD79B0" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_FB41C328CE62E14924AF9AD8B6CD79B0" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredRevenue_4808FCCC386252601B509AD8B6CDD1CB_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredRevenue_4808FCCC386252601B509AD8B6CDD1CB" 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_4808FCCC386252601B509AD8B6CDD1CB_label_en-US" xlink:label="lab_us-gaap_DeferredRevenue_4808FCCC386252601B509AD8B6CDD1CB" 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_4808FCCC386252601B509AD8B6CDD1CB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredRevenue_4808FCCC386252601B509AD8B6CDD1CB" xlink:to="lab_us-gaap_DeferredRevenue_4808FCCC386252601B509AD8B6CDD1CB" xlink:type="arc" />
    <link:label id="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8046856BF2DA39BC22309AD8B6CD3C56_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8046856BF2DA39BC22309AD8B6CD3C56" 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_8046856BF2DA39BC22309AD8B6CD3C56_label_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8046856BF2DA39BC22309AD8B6CD3C56" 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_8046856BF2DA39BC22309AD8B6CD3C56" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8046856BF2DA39BC22309AD8B6CD3C56" xlink:to="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8046856BF2DA39BC22309AD8B6CD3C56" xlink:type="arc" />
    <link:label id="lab_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA_terseLabel_en-US" xlink:label="lab_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA" 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_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA_label_en-US" xlink:label="lab_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability For Rewards Loyalty Program, Current And Noncurrent</link:label>
    <link:label id="lab_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA_documentation_en-US" xlink:label="lab_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The company's future redemption obligation for its rewards loyalty program.</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent" xlink:label="loc_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA" xlink:to="lab_vac_LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent_D19158D3D1628CDD22269AD8B6CD65CA" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_1B23951C02D0074AF4439AD8B6CD51DD_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_1B23951C02D0074AF4439AD8B6CD51DD" 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_1B23951C02D0074AF4439AD8B6CD51DD_label_en-US" xlink:label="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_1B23951C02D0074AF4439AD8B6CD51DD" 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_1B23951C02D0074AF4439AD8B6CD51DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_1B23951C02D0074AF4439AD8B6CD51DD" xlink:to="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_1B23951C02D0074AF4439AD8B6CD51DD" xlink:type="arc" />
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    <link:label id="lab_us-gaap_Liabilities_581EBD0AEE8A6F8AB23E9AD8B6CEE9FA_label_en-US" xlink:label="lab_us-gaap_Liabilities_581EBD0AEE8A6F8AB23E9AD8B6CEE9FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
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    <link:label id="lab_us-gaap_PreferredStockValue_0D4449710603867B47149AD8B6CE82DF_label_en-US" xlink:label="lab_us-gaap_PreferredStockValue_0D4449710603867B47149AD8B6CE82DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Value, Issued</link:label>
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    <link:label id="lab_us-gaap_CommonStockValue_A9E812D6E31E569BE89D9AD8B6CE96C3_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue_A9E812D6E31E569BE89D9AD8B6CE96C3" 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; 36,626,327 and 36,393,800 shares issued, respectively</link:label>
    <link:label id="lab_us-gaap_CommonStockValue_A9E812D6E31E569BE89D9AD8B6CE96C3_label_en-US" xlink:label="lab_us-gaap_CommonStockValue_A9E812D6E31E569BE89D9AD8B6CE96C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Value, Issued</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_CommonStockValue_A9E812D6E31E569BE89D9AD8B6CE96C3" xlink:to="lab_us-gaap_CommonStockValue_A9E812D6E31E569BE89D9AD8B6CE96C3" xlink:type="arc" />
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    <link:label id="lab_us-gaap_TreasuryStockValue_E81402740EC1BD7EE86B9AD8B6CE1FAD_label_en-US" xlink:label="lab_us-gaap_TreasuryStockValue_E81402740EC1BD7EE86B9AD8B6CE1FAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock, Value</link:label>
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    <link:label id="lab_us-gaap_AdditionalPaidInCapitalCommonStock_5A4C98F45D09D9C378F19AD8B6CE79B8_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalCommonStock_5A4C98F45D09D9C378F19AD8B6CE79B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid in Capital, Common Stock</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_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_94CCDCAF7E2AB133E9809AD8B617726A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_94CCDCAF7E2AB133E9809AD8B617726A" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_94CCDCAF7E2AB133E9809AD8B617726A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_C7F0C2115FCFA91D4A4C9AD8B618872C_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_C7F0C2115FCFA91D4A4C9AD8B618872C" 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_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_C7F0C2115FCFA91D4A4C9AD8B618872C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_C7F0C2115FCFA91D4A4C9AD8B618872C" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_C7F0C2115FCFA91D4A4C9AD8B618872C" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal in Year Three</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_75E0D1050501FE78234A9AD8B6181AE6" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_0D16BAFED3A828B84E729AD8B6185C8E_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_0D16BAFED3A828B84E729AD8B6185C8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</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_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_0D16BAFED3A828B84E729AD8B6185C8E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_0D16BAFED3A828B84E729AD8B6185C8E" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_0D16BAFED3A828B84E729AD8B6185C8E" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal in Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_6834E79E0A442A48772A9AD8B618AE6F" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_8AD2A4BD1147C6456DC99AD8B618B4C3_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_8AD2A4BD1147C6456DC99AD8B618B4C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_8AD2A4BD1147C6456DC99AD8B618B4C3_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_8AD2A4BD1147C6456DC99AD8B618B4C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal after Year Five</link:label>
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    <link:loc xlink:href="vac-20160909.xsd#vac_DebtAndCapitalLeaseObligationsGross" xlink:label="loc_vac_DebtAndCapitalLeaseObligationsGross_C863BB3EEAF0160378A49AD8B6180F4D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_4EC2771D9CBA50FEFAB39AD858FCB17E_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_4EC2771D9CBA50FEFAB39AD858FCB17E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</link:label>
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    <link:label id="lab_vac_ResortManagementAndOtherServicesRevenue_2C68602CDF0B9971BC639AD8B6DC81DF_terseLabel_en-US" xlink:label="lab_vac_ResortManagementAndOtherServicesRevenue_2C68602CDF0B9971BC639AD8B6DC81DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Resort management and other services</link:label>
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    <link:label id="lab_vac_ResortManagementAndOtherServicesRevenue_2C68602CDF0B9971BC639AD8B6DC81DF_documentation_en-US" xlink:label="lab_vac_ResortManagementAndOtherServicesRevenue_2C68602CDF0B9971BC639AD8B6DC81DF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Resort management and other services revenues earned for managing resorts, for providing ancillary offerings including food and beverage, retail, and golf and spa offerings, from annual club dues and certain transaction-based fees charged to owners and other third parties for services and for providing other services to our guests.</link:label>
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    <link:label id="lab_us-gaap_FinancialServicesRevenue_51F5D175A1662E9040879AD8B6DC5CC6_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialServicesRevenue_51F5D175A1662E9040879AD8B6DC5CC6" 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_FinancialServicesRevenue_51F5D175A1662E9040879AD8B6DC5CC6_label_en-US" xlink:label="lab_us-gaap_FinancialServicesRevenue_51F5D175A1662E9040879AD8B6DC5CC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Services Revenue</link:label>
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    <link:label id="lab_vac_RentalRevenue_00A938236690850C25A09AD8B6DCBD65_documentation_en-US" xlink:label="lab_vac_RentalRevenue_00A938236690850C25A09AD8B6DCBD65" 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_vac_RentalExpenses_95B218DC790D05C19CAF9AD8B6DD2B7C_documentation_en-US" xlink:label="lab_vac_RentalExpenses_95B218DC790D05C19CAF9AD8B6DD2B7C" 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-20160909.xsd#vac_RentalExpenses" xlink:label="loc_vac_RentalExpenses_95B218DC790D05C19CAF9AD8B6DD2B7C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_3B1FC40F5A425F7D84679AD8B6DD2F5A_verboseLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_3B1FC40F5A425F7D84679AD8B6DD2F5A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <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_3B1FC40F5A425F7D84679AD8B6DD2F5A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LitigationSettlementAmount_E2CCADF4F052E330C0409AD8B6DD3E0F_negatedLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementAmount_E2CCADF4F052E330C0409AD8B6DD3E0F" 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_E2CCADF4F052E330C0409AD8B6DD3E0F_label_en-US" xlink:label="lab_us-gaap_LitigationSettlementAmount_E2CCADF4F052E330C0409AD8B6DD3E0F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Settlement, Amount</link:label>
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    <link:label id="lab_vac_OrganizationalAndSeparationRelatedCharges_612F8E05636B991DFDE49AD8B6DDA04F_terseLabel_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_612F8E05636B991DFDE49AD8B6DDA04F" 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_612F8E05636B991DFDE49AD8B6DDA04F_label_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_612F8E05636B991DFDE49AD8B6DDA04F" 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_612F8E05636B991DFDE49AD8B6DDA04F_documentation_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_612F8E05636B991DFDE49AD8B6DDA04F" 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-20160909.xsd#vac_OrganizationalAndSeparationRelatedCharges" xlink:label="loc_vac_OrganizationalAndSeparationRelatedCharges_612F8E05636B991DFDE49AD8B6DDA04F" xlink:type="locator" />
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    <link:label id="lab_vac_ConsumerFinancingInterestExpense_FDAA636E39CD98DEC1329AD8B6DD44B9_terseLabel_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_FDAA636E39CD98DEC1329AD8B6DD44B9" 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_FDAA636E39CD98DEC1329AD8B6DD44B9_label_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_FDAA636E39CD98DEC1329AD8B6DD44B9" 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_FDAA636E39CD98DEC1329AD8B6DD44B9_documentation_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_FDAA636E39CD98DEC1329AD8B6DD44B9" 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-20160909.xsd#vac_ConsumerFinancingInterestExpense" xlink:label="loc_vac_ConsumerFinancingInterestExpense_FDAA636E39CD98DEC1329AD8B6DD44B9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RoyaltyExpense_7E1DB3EAB47CECC2C5AD9AD8B6DD5070_terseLabel_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_7E1DB3EAB47CECC2C5AD9AD8B6DD5070" 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_7E1DB3EAB47CECC2C5AD9AD8B6DD5070_label_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_7E1DB3EAB47CECC2C5AD9AD8B6DD5070" 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_7E1DB3EAB47CECC2C5AD9AD8B6DD5070" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostOfReimbursableExpense_4047E85891798E1B5E699AD8B6DD8550_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfReimbursableExpense_4047E85891798E1B5E699AD8B6DD8550" 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_4047E85891798E1B5E699AD8B6DD8550_label_en-US" xlink:label="lab_us-gaap_CostOfReimbursableExpense_4047E85891798E1B5E699AD8B6DD8550" 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_4047E85891798E1B5E699AD8B6DD8550" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostsAndExpenses_488E8B967459D3B5C6359AD8B6DD5702_totalLabel_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_488E8B967459D3B5C6359AD8B6DD5702" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">TOTAL EXPENSES</link:label>
    <link:label id="lab_us-gaap_CostsAndExpenses_488E8B967459D3B5C6359AD8B6DD5702_label_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_488E8B967459D3B5C6359AD8B6DD5702" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs and Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_488E8B967459D3B5C6359AD8B6DD5702" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) and other income (expense)</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income (Expense)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1" xlink:to="lab_us-gaap_OtherNonoperatingIncomeExpense_6486773ED5130D44A6109AD8B6DDCDA1" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestIncomeExpenseNonoperatingNet_76042202ECFE2CBF816F9AD8B6DE5CA5_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNonoperatingNet_76042202ECFE2CBF816F9AD8B6DE5CA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_us-gaap_InterestIncomeExpenseNonoperatingNet_76042202ECFE2CBF816F9AD8B6DE5CA5_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNonoperatingNet_76042202ECFE2CBF816F9AD8B6DE5CA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income (Expense), Nonoperating, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNonoperatingNet" xlink:label="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_76042202ECFE2CBF816F9AD8B6DE5CA5" xlink:type="locator" />
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    <link:label id="lab_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B_negatedLabel_en-US" xlink:label="lab_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B_label_en-US" xlink:label="lab_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Transaction Related Expenses Income</link:label>
    <link:label id="lab_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B_documentation_en-US" xlink:label="lab_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-capitalizable cost and income incurred in connection with pursuit of acquisitions including those accounted for as business combinations.</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_OtherTransactionRelatedExpensesIncome" xlink:label="loc_vac_OtherTransactionRelatedExpensesIncome_022430F00A222666C2919AD8B6DE444B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4EBA6A0676E82E1019E79AD8B6DE4F08_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4EBA6A0676E82E1019E79AD8B6DE4F08" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">INCOME BEFORE INCOME TAXES</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4EBA6A0676E82E1019E79AD8B6DE4F08" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_1497B4487247378252699AD8B6DE6C77_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_1497B4487247378252699AD8B6DE6C77" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Provision for income taxes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_1497B4487247378252699AD8B6DE6C77" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetIncomeLoss_70ED3B061C4435A9A14D9AD8B6DE8D31_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_70ED3B061C4435A9A14D9AD8B6DE8D31" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">NET INCOME</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_70ED3B061C4435A9A14D9AD8B6DE8D31" xlink:type="locator" />
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    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_FDF52CB00B945605AD5F9AD8B6DE3976_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_FDF52CB00B945605AD5F9AD8B6DE3976" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares used in computing basic earnings per share (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_FDF52CB00B945605AD5F9AD8B6DE3976" xlink:type="locator" />
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    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_7F895F699AE77B32A0CA9AD8B6DE4DE9_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_7F895F699AE77B32A0CA9AD8B6DE4DE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares used in computing diluted earnings per share (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_7F895F699AE77B32A0CA9AD8B6DE4DE9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_3E57B72B04775CCCA0539AD8B57B52A8_terseLabel_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_3E57B72B04775CCCA0539AD8B57B52A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Note receivable</link:label>
    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_3E57B72B04775CCCA0539AD8B57B52A8_label_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_3E57B72B04775CCCA0539AD8B57B52A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes, Loans and Financing Receivable, Gross, Noncurrent</link:label>
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    <link:label id="lab_vac_Proceedsfromaccountsreceivablesecuritizationsnet_413D2D79B7944E1AD919BB24C93487D5_positiveLabel_en-US" xlink:label="lab_vac_Proceedsfromaccountsreceivablesecuritizationsnet_413D2D79B7944E1AD919BB24C93487D5" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US">Proceeds from vacation ownership notes receivable securitizations</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_CCC1DDBDF9861371F8EBBB24C939A0C4_label_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_CCC1DDBDF9861371F8EBBB24C939A0C4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Proceeds From Principal Receipts</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE_terseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest receipts</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE_label_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Proceeds From Interest Receipts</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Proceeds From Interest Receipts</link:label>
    <link:loc xlink:href="vac-20160909.xsd#vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_2D80507666B6F73965C3BB24C9392AAE" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorReserveRelease_384C753AE4E2DD2E766BBB24C939E61A_terseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorReserveRelease_384C753AE4E2DD2E766BBB24C939E61A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserve release</link:label>
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    <link:loc xlink:href="vac-20160909.xsd#vac_CashFlowsBetweenTransfereeAndTransferorReserveRelease" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorReserveRelease_384C753AE4E2DD2E766BBB24C939E61A" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceeds_FEE28C8E87DE77BB4633BB24C9398A5D_totalLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceeds_FEE28C8E87DE77BB4633BB24C9398A5D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash inflows, Total</link:label>
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    <link:loc xlink:href="vac-20160909.xsd#vac_CashFlowsBetweenTransfereeAndTransferorProceeds" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorProceeds_FEE28C8E87DE77BB4633BB24C9398A5D" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_CB89F8C52B2E2BFBBCAFBB24C939DE7B_negatedLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_CB89F8C52B2E2BFBBCAFBB24C939DE7B" 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_CB89F8C52B2E2BFBBCAFBB24C939DE7B_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_CB89F8C52B2E2BFBBCAFBB24C939DE7B" 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-20160909.xsd#vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorRepaymentsOfPrincipalToInvestors_CB89F8C52B2E2BFBBCAFBB24C939DE7B" xlink:type="locator" />
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    <link:label id="lab_vac_DefaultedMortgageLoansRepurchased_41BFC876C05A4B42CD76BB24C939FA59_negatedLabel_en-US" xlink:label="lab_vac_DefaultedMortgageLoansRepurchased_41BFC876C05A4B42CD76BB24C939FA59" 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>
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    <link:label id="lab_vac_DefaultedMortgageLoansRepurchased_41BFC876C05A4B42CD76BB24C939FA59_documentation_en-US" xlink:label="lab_vac_DefaultedMortgageLoansRepurchased_41BFC876C05A4B42CD76BB24C939FA59" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of defaulted mortgage notes receivable that were voluntarily repurchased for the period.</link:label>
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    <link:label id="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_B8B84DF668C90567D317BB24C939A541_negatedLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_B8B84DF668C90567D317BB24C939A541" 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_B8B84DF668C90567D317BB24C939A541_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransferorAndTransfereePaymentToPurchaser_B8B84DF668C90567D317BB24C939A541" 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>
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    <link:label id="lab_vac_VacationOwnershipNotesReceivableMember_3E301370257220B33D1F9AD8B55F0901_terseLabel_en-US" xlink:label="lab_vac_VacationOwnershipNotesReceivableMember_3E301370257220B33D1F9AD8B55F0901" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable, net of reserves</link:label>
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