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    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_C79D740CBAB044C2C0F2CE4BE6B926DB_terseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_C79D740CBAB044C2C0F2CE4BE6B926DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Axis]</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_C79D740CBAB044C2C0F2CE4BE6B926DB_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_C79D740CBAB044C2C0F2CE4BE6B926DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Axis]</link:label>
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    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_1DF7902B90729F520263CE4BE6B936FA_terseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_1DF7902B90729F520263CE4BE6B936FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Domain]</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_1DF7902B90729F520263CE4BE6B936FA_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_1DF7902B90729F520263CE4BE6B936FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Domain]</link:label>
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    <link:loc xlink:href="vac-20171231.xsd#vac_KapaluaBaySettlementMember" xlink:label="loc_vac_KapaluaBaySettlementMember_ED7BF06AE5EEC8DAEDF8CE4BE6BFF7B5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_KapaluaBaySettlementMember_ED7BF06AE5EEC8DAEDF8CE4BE6BFF7B5" xlink:to="lab_vac_KapaluaBaySettlementMember_ED7BF06AE5EEC8DAEDF8CE4BE6BFF7B5" xlink:type="arc" />
    <link:label id="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB_terseLabel_en-US" xlink:label="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ritz Carlton Club Aspen Highlands</link:label>
    <link:label id="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB_label_en-US" xlink:label="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ritz Carlton Club, Aspen Highlands [Member]</link:label>
    <link:label id="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB_documentation_en-US" xlink:label="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ritz Carlton Club, Aspen Highlands [Member]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_RitzCarltonClubAspenHighlandsMember" xlink:label="loc_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB" xlink:to="lab_vac_RitzCarltonClubAspenHighlandsMember_47A7BC1DBE5C18CE4FD1CE4BE6BF48BB" xlink:type="arc" />
    <link:label id="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E_terseLabel_en-US" xlink:label="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Line Items]</link:label>
    <link:label id="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E_label_en-US" xlink:label="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Line Items]</link:label>
    <link:label id="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E_documentation_en-US" xlink:label="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Line Items]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_CommitmentsAndContingenciesDisclosureLineItems" xlink:label="loc_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E" xlink:to="lab_vac_CommitmentsAndContingenciesDisclosureLineItems_5992A126382BE315C694CE4BE6BFFF0E" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8_totalLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Contractual commitments future minimum payments due</link:label>
    <link:label id="lab_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8_label_en-US" xlink:label="lab_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligation" xlink:label="loc_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8" xlink:to="lab_us-gaap_PurchaseObligation_E2682B8E585BB6DA9B81CE4BE6BFABB8" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase due in 2018</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due in Next Twelve Months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligationDueInNextTwelveMonths" xlink:label="loc_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92" xlink:to="lab_us-gaap_PurchaseObligationDueInNextTwelveMonths_1F87690B55BB8CA3DCCACE4BE6C0BB92" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase due in 2019</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due in Second Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligationDueInSecondYear" xlink:label="loc_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D" xlink:to="lab_us-gaap_PurchaseObligationDueInSecondYear_42321B7897FB748576A3CE4BE6C0686D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase due in 2020</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligationDueInThirdYear" xlink:label="loc_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A" xlink:to="lab_us-gaap_PurchaseObligationDueInThirdYear_DBE32E5058CA974D48A5CE4BE6C0A00A" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase due in 2021</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligationDueInFourthYear" xlink:label="loc_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D" xlink:to="lab_us-gaap_PurchaseObligationDueInFourthYear_9FAD685CE36AFF3CDEAACE4BE6C0678D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase due in 2022</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligationDueInFifthYear" xlink:label="loc_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F" xlink:to="lab_us-gaap_PurchaseObligationDueInFifthYear_600AB9483AEEC63825F0CE4BE6C0F07F" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment to purchase due thereafter</link:label>
    <link:label id="lab_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B_label_en-US" xlink:label="lab_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Obligation, Due after Fifth Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseObligationDueAfterFifthYear" xlink:label="loc_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B" xlink:to="lab_us-gaap_PurchaseObligationDueAfterFifthYear_90DBD62A3154250F4574CE4BE6C0388B" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA_verboseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Minimum lease payments</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDue" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_E7C9194059177749BECACE4BE6C056EA" xlink:type="arc" />
    <link:label id="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5_terseLabel_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected number of ownership units to be acquired</link:label>
    <link:label id="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5_label_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5" 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_95B045A96E932210CF75CE4BE6C0DFB5_documentation_en-US" xlink:label="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5" 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-20171231.xsd#vac_ExpectedNumberOfOwnershipUnitsToBeAcquired" xlink:label="loc_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5" xlink:to="lab_vac_ExpectedNumberOfOwnershipUnitsToBeAcquired_95B045A96E932210CF75CE4BE6C0DFB5" xlink:type="arc" />
    <link:label id="lab_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A_terseLabel_en-US" xlink:label="lab_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A" 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_1E1DEF7809E8D0985F0FCE4BE6C0227A_label_en-US" xlink:label="lab_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surety Bonds</link:label>
    <link:label id="lab_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A_documentation_en-US" xlink:label="lab_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surety Bonds issued.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_SuretyBonds" xlink:label="loc_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A" xlink:to="lab_vac_SuretyBonds_1E1DEF7809E8D0985F0FCE4BE6C0227A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letters of credit outstanding</link:label>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9" xlink:to="lab_us-gaap_LettersOfCreditOutstandingAmount_186C720A3C08963C3236CE4BE6C0A3F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_E3F797045C978A71A21DCE4BE6C09F1A_verboseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_E3F797045C978A71A21DCE4BE6C09F1A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revolving credit facility amount</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_E3F797045C978A71A21DCE4BE6C09F1A_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_E3F797045C978A71A21DCE4BE6C09F1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_E3F797045C978A71A21DCE4BE6C09F1A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_65D2EBB90D9AE6CB34CDBE73BB58DC3B_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_65D2EBB90D9AE6CB34CDBE73BB58DC3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
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    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_FE07EA52D7B2708BD054BE73BB583D5C_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_FE07EA52D7B2708BD054BE73BB583D5C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">VIE Assets</link:label>
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    <link:label id="lab_us-gaap_ReceivablesAbstract_C34026623E9760778AF9BE73BD63247F_label_en-US" xlink:label="lab_us-gaap_ReceivablesAbstract_C34026623E9760778AF9BE73BD63247F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables [Abstract]</link:label>
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    <link:label id="lab_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D_terseLabel_en-US" xlink:label="lab_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voluntary repurchase of other non-defaulted notes receivable</link:label>
    <link:label id="lab_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D_label_en-US" xlink:label="lab_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Defaulted Notes Receivable Repurchased</link:label>
    <link:label id="lab_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D_documentation_en-US" xlink:label="lab_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-defaulted notes receivable that were voluntarily repurchased for the period.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_NonDefaultedNotesReceivableRepurchased" xlink:label="loc_vac_NonDefaultedNotesReceivableRepurchased_BA6A14CD87B5DDE7927CBE73BB52F00D" xlink:type="locator" />
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    <link:label id="lab_vac_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired_64CCED70D69113D33849BE73BB525483_label_en-US" xlink:label="lab_vac_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired_64CCED70D69113D33849BE73BB525483" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Additional Aggregate Amount that Could be Required</link:label>
    <link:label id="lab_vac_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired_64CCED70D69113D33849BE73BB525483_documentation_en-US" xlink:label="lab_vac_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired_64CCED70D69113D33849BE73BB525483" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Additional Aggregate Amount that Could be Required</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired" xlink:label="loc_vac_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired_64CCED70D69113D33849BE73BB525483" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_052442C3D5355FB179ACBE73BB529071_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_052442C3D5355FB179ACBE73BB529071" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital leases, lessor balance sheet</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_052442C3D5355FB179ACBE73BB529071_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_052442C3D5355FB179ACBE73BB529071" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Lessor Balance Sheet, Net Investment in Direct Financing and Sales Type Leases, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent" xlink:label="loc_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesNoncurrent_052442C3D5355FB179ACBE73BB529071" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_35884D0CD8CBF411F22BBE73BB52E57F_terseLabel_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_35884D0CD8CBF411F22BBE73BB52E57F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes receivable</link:label>
    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_35884D0CD8CBF411F22BBE73BB52E57F_label_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_35884D0CD8CBF411F22BBE73BB52E57F" 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>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossNoncurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_35884D0CD8CBF411F22BBE73BB52E57F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_B490C2D2F7ED53F3B093BE73BB52E38B_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_B490C2D2F7ED53F3B093BE73BB52E38B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum loss exposure, amount (less than)</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_B490C2D2F7ED53F3B093BE73BB52E38B_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_B490C2D2F7ED53F3B093BE73BB52E38B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_B490C2D2F7ED53F3B093BE73BB52E38B" xlink:type="locator" />
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    <link:label id="lab_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7_terseLabel_en-US" xlink:label="lab_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of vacation ownership units acquired</link:label>
    <link:label id="lab_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7_label_en-US" xlink:label="lab_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Vacation Ownership Units Acquired</link:label>
    <link:label id="lab_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7_documentation_en-US" xlink:label="lab_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Vacation Ownership Units Acquired</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_NumberOfVacationOwnershipUnitsAcquired" xlink:label="loc_vac_NumberOfVacationOwnershipUnitsAcquired_8CA8A1B4E96FD90D9423BE73BB5378A7" xlink:type="locator" />
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    <link:label id="lab_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4_terseLabel_en-US" xlink:label="lab_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4" 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_65E6A812374E34F4528FBE73BB5340E4_label_en-US" xlink:label="lab_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4" 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_65E6A812374E34F4528FBE73BB5340E4_documentation_en-US" xlink:label="lab_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4" 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-20171231.xsd#vac_InventoryTimeshare" xlink:label="loc_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4" xlink:to="lab_vac_InventoryTimeshare_65E6A812374E34F4528FBE73BB5340E4" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3_label_en-US" xlink:label="lab_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3" xlink:to="lab_us-gaap_OtherAssets_82E5BEBED265C370106CBE73BB5361B3" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilities_2212284F0401DB037404BE73BB53F278_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_2212284F0401DB037404BE73BB53F278" 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_OtherLiabilities_2212284F0401DB037404BE73BB53F278_label_en-US" xlink:label="lab_us-gaap_OtherLiabilities_2212284F0401DB037404BE73BB53F278" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_2212284F0401DB037404BE73BB53F278" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilities_2212284F0401DB037404BE73BB53F278" xlink:to="lab_us-gaap_OtherLiabilities_2212284F0401DB037404BE73BB53F278" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_2B19931EE1E07A263818BE73BDA2E967_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_2B19931EE1E07A263818BE73BDA2E967" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_2B19931EE1E07A263818BE73BDA2E967" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2B19931EE1E07A263818BE73BDA2E967" xlink:to="lab_us-gaap_AccountingPoliciesAbstract_2B19931EE1E07A263818BE73BDA2E967" xlink:type="arc" />
    <link:label id="lab_vac_FiscalPeriodTableTextBlock_F3760B310F92674B10CABE73BDA2EC5E_terseLabel_en-US" xlink:label="lab_vac_FiscalPeriodTableTextBlock_F3760B310F92674B10CABE73BDA2EC5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Each Reference to Particular Year in These Financial Statements Means Fiscal Year Ended on Date Shown</link:label>
    <link:label id="lab_vac_FiscalPeriodTableTextBlock_F3760B310F92674B10CABE73BDA2EC5E_label_en-US" xlink:label="lab_vac_FiscalPeriodTableTextBlock_F3760B310F92674B10CABE73BDA2EC5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fiscal Period [Table Text Block]</link:label>
    <link:label id="lab_vac_FiscalPeriodTableTextBlock_F3760B310F92674B10CABE73BDA2EC5E_documentation_en-US" xlink:label="lab_vac_FiscalPeriodTableTextBlock_F3760B310F92674B10CABE73BDA2EC5E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.</link:label>
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    <link:label id="lab_us-gaap_EquityAbstract_634680FBE6D9DC3F1B7BBE73BB9337C1_label_en-US" xlink:label="lab_us-gaap_EquityAbstract_634680FBE6D9DC3F1B7BBE73BB9337C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_634680FBE6D9DC3F1B7BBE73BB9337C1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_551F00BE02F5968F6B39BE73BB9393D9_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_551F00BE02F5968F6B39BE73BB9393D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHAREHOLDERS' EQUITY</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_551F00BE02F5968F6B39BE73BB9393D9_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_551F00BE02F5968F6B39BE73BB9393D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</link:label>
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    <link:label id="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_3F54A29748E56C0BA388BE73BD91C2E5_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_3F54A29748E56C0BA388BE73BD91C2E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Table]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_3F54A29748E56C0BA388BE73BD91C2E5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for loan losses</link:label>
    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Loan and Lease Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="loc_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA" xlink:to="lab_us-gaap_ProvisionForLoanAndLeaseLosses_E512851B4D4CEC101936BE73BDBBC6EA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0" xlink:to="lab_us-gaap_ShareBasedCompensation_F0AF9B78440EFC094F35BE73BDBB69C0" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loss (gain) on disposal of property and equipment, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA" 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>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA" xlink:to="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_5DCB95A26E7C1D924CEDBE73BDBB64DA" xlink:type="arc" />
    <link:label id="lab_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB_terseLabel_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:label id="lab_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB_label_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB" 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_907D692DC0295D112F5FBE73BDBBF7FB_documentation_en-US" xlink:label="lab_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB" 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-20171231.xsd#vac_NoncashIncomeTaxExpenseBenefit" xlink:label="loc_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB" xlink:to="lab_vac_NoncashIncomeTaxExpenseBenefit_907D692DC0295D112F5FBE73BDBBF7FB" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_1EC7D956F2B62CCF8E04BE73BDBB1A46_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_1EC7D956F2B62CCF8E04BE73BDBB1A46" 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_1EC7D956F2B62CCF8E04BE73BDBB1A46_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_1EC7D956F2B62CCF8E04BE73BDBB1A46" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_1EC7D956F2B62CCF8E04BE73BDBB1A46" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_1EC7D956F2B62CCF8E04BE73BDBB1A46" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_1EC7D956F2B62CCF8E04BE73BDBB1A46" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_EC6EF6072892F754B196BE73BDBBA994_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_EC6EF6072892F754B196BE73BDBBA994" 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_EC6EF6072892F754B196BE73BDBBA994_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_EC6EF6072892F754B196BE73BDBBA994" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_EC6EF6072892F754B196BE73BDBBA994" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_EC6EF6072892F754B196BE73BDBBA994" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_EC6EF6072892F754B196BE73BDBBA994" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5_terseLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5" 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_BDD8D95617DCE5CAF526BE73BDBB2DA5_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5" 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_BDD8D95617DCE5CAF526BE73BDBB2DA5_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5" 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-20171231.xsd#vac_IncreaseDecreaseInNotesReceivableOriginations" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableOriginations_BDD8D95617DCE5CAF526BE73BDBB2DA5" xlink:type="arc" />
    <link:label id="lab_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9_negatedLabel_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9" 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_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9_label_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9" 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_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9_documentation_en-US" xlink:label="lab_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9" 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-20171231.xsd#vac_IncreaseDecreaseInNotesReceivableCollections" xlink:label="loc_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9" xlink:to="lab_vac_IncreaseDecreaseInNotesReceivableCollections_D2F8A7D1F8BC72B0FDA9BE73BDBBF8F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_313410F13A8AC48A68B7BE73BDBB1D0D_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_313410F13A8AC48A68B7BE73BDBB1D0D" 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_313410F13A8AC48A68B7BE73BDBB1D0D_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_313410F13A8AC48A68B7BE73BDBB1D0D" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_313410F13A8AC48A68B7BE73BDBB1D0D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories_313410F13A8AC48A68B7BE73BDBB1D0D" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories_313410F13A8AC48A68B7BE73BDBB1D0D" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5_negatedLabel_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of vacation ownership units for future transfer to inventory</link:label>
    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5_label_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Vacation Ownership Units For Future Transfer To Inventory</link:label>
    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5_documentation_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Vacation Ownership Units For Future Transfer To Inventory</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory" xlink:label="loc_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5" xlink:to="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95335BA825F5E531EABE73BDBB3ED5" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885_negatedLabel_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885" 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_0E60186F49489F563D2EBE73BDBCB885_label_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885" 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_0E60186F49489F563D2EBE73BDBCB885_documentation_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash outflow for the portion of the purchase of operating hotels to be converted to timeshare interests in the future.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow" xlink:label="loc_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885" xlink:to="lab_vac_PurchaseOfOperatingHotelsForFutureConversionToInventoryCashOutflow_0E60186F49489F563D2EBE73BDBCB885" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_7A659D42D74D734BC808BE73BDBC7653_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_7A659D42D74D734BC808BE73BDBC7653" 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_7A659D42D74D734BC808BE73BDBC7653_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_7A659D42D74D734BC808BE73BDBC7653" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_7A659D42D74D734BC808BE73BDBC7653" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_7A659D42D74D734BC808BE73BDBC7653" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_7A659D42D74D734BC808BE73BDBC7653" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_6D6AF799F3FC20C77E5CBE73BDBC6A34_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_6D6AF799F3FC20C77E5CBE73BDBC6A34" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_6D6AF799F3FC20C77E5CBE73BDBC6A34" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_924906FF16A433297768BE73BDBCCF57_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_924906FF16A433297768BE73BDBCCF57" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability" xlink:label="loc_us-gaap_IncreaseDecreaseInCustomerLoyaltyProgramLiability_924906FF16A433297768BE73BDBCCF57" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D20D5AAB20F165ED1CF8BE73BDBCC756_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D20D5AAB20F165ED1CF8BE73BDBCC756" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D20D5AAB20F165ED1CF8BE73BDBCC756_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_D20D5AAB20F165ED1CF8BE73BDBCC756" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Deferred Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_D20D5AAB20F165ED1CF8BE73BDBCC756" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll and benefit liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Employee Related Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4" xlink:to="lab_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_D1B399C5225467868066BE73BDBC00F4" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredCompensation_11DA9D8EFC53C58225C5BE73BDBC31C0_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredCompensation_11DA9D8EFC53C58225C5BE73BDBC31C0" 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_IncreaseDecreaseInDeferredCompensation_11DA9D8EFC53C58225C5BE73BDBC31C0_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredCompensation_11DA9D8EFC53C58225C5BE73BDBC31C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Deferred Compensation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredCompensation" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredCompensation_11DA9D8EFC53C58225C5BE73BDBC31C0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_161C3024ABB8F3035508BE73BDBC9BA2" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_5BB866D1586D62EBBFFDBE73BDBC0B82_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_5BB866D1586D62EBBFFDBE73BDBC0B82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_5BB866D1586D62EBBFFDBE73BDBC0B82_label_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_5BB866D1586D62EBBFFDBE73BDBC0B82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Activities, Cash Flow Statement</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_5BB866D1586D62EBBFFDBE73BDBC0B82" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7A1F45F40F5EA3C77275BE73BDBC3CB1" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INVESTING ACTIVITIES</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_2447C00AC0DF32BC675DBE73BDBCFABE" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures for property and equipment (excluding inventory)</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C" xlink:to="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_BE4C9F3397C21090A8FFBE73BDBCE92C" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForProceedsFromLifeInsurancePolicies_DDB8CA895BF01BCFB2A2BE73BDBCDE18_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromLifeInsurancePolicies_DDB8CA895BF01BCFB2A2BE73BDBCDE18" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of company owned life insurance</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromLifeInsurancePolicies_DDB8CA895BF01BCFB2A2BE73BDBCDE18_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromLifeInsurancePolicies_DDB8CA895BF01BCFB2A2BE73BDBCDE18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Life Insurance Policies</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromLifeInsurancePolicies" xlink:label="loc_us-gaap_PaymentsForProceedsFromLifeInsurancePolicies_DDB8CA895BF01BCFB2A2BE73BDBCDE18" xlink:type="locator" />
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    <link:label id="lab_vac_PurchaseOfOperatingHotelToBeSoldCashOutflow_3E28600269200F282051BE73BDBC0AEA_negatedLabel_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelToBeSoldCashOutflow_3E28600269200F282051BE73BDBC0AEA" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of operating property to be sold</link:label>
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    <link:loc xlink:href="vac-20171231.xsd#vac_PurchaseOfOperatingHotelToBeSoldCashOutflow" xlink:label="loc_vac_PurchaseOfOperatingHotelToBeSoldCashOutflow_3E28600269200F282051BE73BDBC0AEA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment_BC6EB599ACE007A51867BE73BDBC6A29_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment_BC6EB599ACE007A51867BE73BDBC6A29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dispositions, net</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_BA439107130B22FFD60BBE73BDBC85AF_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_BA439107130B22FFD60BBE73BDBC85AF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in) provided by investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_BA439107130B22FFD60BBE73BDBC85AF_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_BA439107130B22FFD60BBE73BDBC85AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_BA439107130B22FFD60BBE73BDBC85AF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_87D4BD73DCBB32BE5AABBE73BDBD61D4_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_87D4BD73DCBB32BE5AABBE73BDBD61D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
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    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_EC7EC38E43E3461347A7BE73BDBD2E14_totalLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_EC7EC38E43E3461347A7BE73BDBD2E14" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in cash, cash equivalents and restricted cash</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_EC7EC38E43E3461347A7BE73BDBD2E14_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_EC7EC38E43E3461347A7BE73BDBD2E14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect</link:label>
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    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_30BE248D153C1CC0EC83BE73BDBD4764_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_30BE248D153C1CC0EC83BE73BDBD4764" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents and restricted cash, beginning of year</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_30BE248D153C1CC0EC83BE73BDBD4764_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_30BE248D153C1CC0EC83BE73BDBD4764" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_30BE248D153C1CC0EC83BE73BDBD4764" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_9E6935AB881075284D77BE73BDBD89E4_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_9E6935AB881075284D77BE73BDBD89E4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents and restricted cash, end of year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_9E6935AB881075284D77BE73BDBD89E4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_A8BDE204CE3A028BC8FABE73BDBDEA50_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_A8BDE204CE3A028BC8FABE73BDBDEA50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_A8BDE204CE3A028BC8FABE73BDBDEA50" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_D5FB4A12A0C8751E4865BE73BDBD8C96_verboseLabel_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_D5FB4A12A0C8751E4865BE73BDBD8C96" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable</link:label>
    <link:label id="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_D5FB4A12A0C8751E4865BE73BDBD8C96_label_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_D5FB4A12A0C8751E4865BE73BDBD8C96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_D5FB4A12A0C8751E4865BE73BDBD8C96" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash issuance of debt in connection with acquisition of vacation ownership units</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Debt Assumed</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_E37E9E4C3DC22136F7E8BE73BDBD688E" xlink:type="arc" />
    <link:label id="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4_terseLabel_en-US" xlink:label="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash transfer from Inventory to Property and equipment</link:label>
    <link:label id="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4_label_en-US" xlink:label="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer From Inventory To Property And Equipment</link:label>
    <link:label id="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4_documentation_en-US" xlink:label="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfer From Inventory To Property And Equipment</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_TransferFromInventoryToPropertyAndEquipment" xlink:label="loc_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4" xlink:to="lab_vac_TransferFromInventoryToPropertyAndEquipment_DFC7FF74BF173DB6EB2FBE73BDBE15D4" xlink:type="arc" />
    <link:label id="lab_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5_terseLabel_en-US" xlink:label="lab_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash transfer of debt</link:label>
    <link:label id="lab_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5_label_en-US" xlink:label="lab_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Cash Transfer Of Debt</link:label>
    <link:label id="lab_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5_documentation_en-US" xlink:label="lab_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non Cash Transfer Of Debt</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_NonCashTransferOfDebt" xlink:label="loc_vac_NonCashTransferOfDebt_63859F689FF28C94182BBE73BDBE3EB5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CapitalLeaseObligationsIncurred_D32A8C04E536F0081907BE73BDBE1468_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeaseObligationsIncurred_D32A8C04E536F0081907BE73BDBE1468" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property acquired via capital lease</link:label>
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    <link:loc xlink:href="vac-20171231.xsd#vac_SecuritizedVacationOwnershipNotesReceivableMember" xlink:label="loc_vac_SecuritizedVacationOwnershipNotesReceivableMember_43AC97FFA5F645313935C49C8E300F13" xlink:type="locator" />
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    <link:label id="lab_vac_FutureMinimumPaymentsReceivableLineItems_025E90D8530016A30FB6C49C8E30E8FA_label_en-US" xlink:label="lab_vac_FutureMinimumPaymentsReceivableLineItems_025E90D8530016A30FB6C49C8E30E8FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Minimum Payments Receivable [Line Items]</link:label>
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    <link:loc xlink:href="vac-20171231.xsd#vac_FutureMinimumPaymentsReceivableLineItems" xlink:label="loc_vac_FutureMinimumPaymentsReceivableLineItems_025E90D8530016A30FB6C49C8E30E8FA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne_A90AB1D3D194C12F96A4C49C8E305DE1_terseLabel_en-US" xlink:label="lab_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne_A90AB1D3D194C12F96A4C49C8E305DE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne" xlink:label="loc_us-gaap_TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne_A90AB1D3D194C12F96A4C49C8E305DE1" xlink:type="locator" />
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    <link:label id="lab_vac_MiamiFloridaMember_8EDBE13A60A26C95989BC49C8E07E03F_terseLabel_en-US" xlink:label="lab_vac_MiamiFloridaMember_8EDBE13A60A26C95989BC49C8E07E03F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Miami, Florida</link:label>
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    <link:label id="lab_vac_AssetAcquisitionConsiderationTransferred_5BCE52D2D20BACBA1DB9C49C8E09B8D6_terseLabel_en-US" xlink:label="lab_vac_AssetAcquisitionConsiderationTransferred_5BCE52D2D20BACBA1DB9C49C8E09B8D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consideration transferred</link:label>
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    <link:label id="lab_vac_AssetAcquisitionConsiderationTransferred_5BCE52D2D20BACBA1DB9C49C8E09B8D6_documentation_en-US" xlink:label="lab_vac_AssetAcquisitionConsiderationTransferred_5BCE52D2D20BACBA1DB9C49C8E09B8D6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total purchase price of asset acquisition.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_AssetAcquisitionConsiderationTransferred" xlink:label="loc_vac_AssetAcquisitionConsiderationTransferred_5BCE52D2D20BACBA1DB9C49C8E09B8D6" xlink:type="locator" />
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    <link:label id="lab_vac_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredInventory_72364F4D75EF6CF8C755C49C8E09ABA4_terseLabel_en-US" xlink:label="lab_vac_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredInventory_72364F4D75EF6CF8C755C49C8E09ABA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
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    <link:label id="lab_vac_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredPropertyAndEquipment_A079C156A02C8FE476BAC49C8E09D00F_terseLabel_en-US" xlink:label="lab_vac_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredPropertyAndEquipment_A079C156A02C8FE476BAC49C8E09D00F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property And equipment</link:label>
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    <link:label id="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95BFA42B37E5ACFC82C49C8E09AB6E_verboseLabel_en-US" xlink:label="lab_vac_PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory_CB95BFA42B37E5ACFC82C49C8E09AB6E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Purchase of vacation ownership units for future transfer to inventory</link:label>
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    <link:label id="lab_us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1_AD757164805F20F0CFC4C49C8E0911EC_terseLabel_en-US" xlink:label="lab_us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1_AD757164805F20F0CFC4C49C8E0911EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of consideration given</link:label>
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    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferred1_A3AD10A0F9C757B34E1DC49C8E098697_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferred1_A3AD10A0F9C757B34E1DC49C8E098697" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of an operating hotel</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_A3AD10A0F9C757B34E1DC49C8E098697" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesGross_92C346D3F83A6F49D181C49C8E098886_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesGross_92C346D3F83A6F49D181C49C8E098886" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash paid for acquisition of operating hotel</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesGross_92C346D3F83A6F49D181C49C8E098886_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesGross_92C346D3F83A6F49D181C49C8E098886" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_92C346D3F83A6F49D181C49C8E098886" xlink:type="locator" />
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    <link:label id="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_92FFD43F8BB52005AE3EC49C8E09C095_terseLabel_en-US" xlink:label="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_92FFD43F8BB52005AE3EC49C8E09C095" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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_92FFD43F8BB52005AE3EC49C8E09C095_label_en-US" xlink:label="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_92FFD43F8BB52005AE3EC49C8E09C095" 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_92FFD43F8BB52005AE3EC49C8E09C095_documentation_en-US" xlink:label="lab_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_92FFD43F8BB52005AE3EC49C8E09C095" 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-20171231.xsd#vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset" xlink:label="loc_vac_NumberOfUnitsDisposedOfInConnectionWithDispositionOfAsset_92FFD43F8BB52005AE3EC49C8E09C095" xlink:type="locator" />
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    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_2139FB84CF3E60FB59E1C49C8E09814A_terseLabel_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_2139FB84CF3E60FB59E1C49C8E09814A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash from disposal of property</link:label>
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    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_2139FB84CF3E60FB59E1C49C8E09814A_documentation_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds_2139FB84CF3E60FB59E1C49C8E09814A" 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_us-gaap_GainLossOnSaleOfProperties_CDCB939F3FF02E0799CEC49C8E09E8D2_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_CDCB939F3FF02E0799CEC49C8E09E8D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real estate, other</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_CDCB939F3FF02E0799CEC49C8E09E8D2_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_CDCB939F3FF02E0799CEC49C8E09E8D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Properties</link:label>
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    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_81BA0D1C6AC64A4B700FC49C8E0958A8_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_81BA0D1C6AC64A4B700FC49C8E0958A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assumed net liabilities for acquisition of operating hotel</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_81BA0D1C6AC64A4B700FC49C8E0958A8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_0AAF4F64FA1A83AE01F8C49C8E0930A7_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_0AAF4F64FA1A83AE01F8C49C8E0930A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price allocation, land</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings_0AF929126C41ACD0FA7DC49C8E096955" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment_35B098C3CF25454CF94AC49C8E09F21D_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment_35B098C3CF25454CF94AC49C8E09F21D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price allocation, furniture and equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment_35B098C3CF25454CF94AC49C8E09F21D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment_35B098C3CF25454CF94AC49C8E09F21D" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment_35B098C3CF25454CF94AC49C8E09F21D" xlink:type="arc" />
    <link:label id="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_4561C5FB0838435C9EC4C49C8E09F082_terseLabel_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_4561C5FB0838435C9EC4C49C8E09F082" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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_4561C5FB0838435C9EC4C49C8E09F082_label_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_4561C5FB0838435C9EC4C49C8E09F082" 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_4561C5FB0838435C9EC4C49C8E09F082_documentation_en-US" xlink:label="lab_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_4561C5FB0838435C9EC4C49C8E09F082" 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-20171231.xsd#vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate" xlink:label="loc_vac_GuaranteeOfNetOperatingIncomeAssociatedWithTheDispositionOfRealEstate_4561C5FB0838435C9EC4C49C8E09F082" xlink:type="locator" />
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    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0_terseLabel_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of rooms</link:label>
    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0_label_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Rooms Acquired In Connection With Acquisition Of Real Estate</link:label>
    <link:label id="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0_documentation_en-US" xlink:label="lab_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Rooms Acquired In Connection With Acquisition Of Real Estate</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate" xlink:label="loc_vac_NumberOfRoomsAcquiredInConnectionWithAcquisitionOfRealEstate_CB956F0675223FCD4EA8C49C8E0922C0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_62342B5563A95EBC3420C49C8E09BF24_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_62342B5563A95EBC3420C49C8E09BF24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of rooms of an operating hotel</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_62342B5563A95EBC3420C49C8E09BF24_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_62342B5563A95EBC3420C49C8E09BF24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_62342B5563A95EBC3420C49C8E09BF24" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price allocation, property and equipment</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_D93480FF8EB834E97C35C49C8E090AA9" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_6F47F641BBC3663B041AC49C8E090D81_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_6F47F641BBC3663B041AC49C8E090D81" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price allocation, other assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_6F47F641BBC3663B041AC49C8E090D81" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_6F47F641BBC3663B041AC49C8E090D81" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_6F47F641BBC3663B041AC49C8E090D81" xlink:type="arc" />
    <link:label id="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B_terseLabel_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of operating hotels</link:label>
    <link:label id="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B_label_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of Operating Hotel Cash Outflow</link:label>
    <link:label id="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B_documentation_en-US" xlink:label="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash outflow for the purchase of an operating hotel to be converted to timeshare interests.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_PurchaseOfOperatingHotelCashOutflow" xlink:label="loc_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B" xlink:to="lab_vac_PurchaseOfOperatingHotelCashOutflow_CD8DEED7662F0F629091C49C8E0A8C0B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_6B5C8565C178F148B389C49C8E0A1F17_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_6B5C8565C178F148B389C49C8E0A1F17" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures for property and equipment (excluding inventory)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_6B5C8565C178F148B389C49C8E0A1F17" xlink:type="locator" />
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    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD_terseLabel_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase and sale agreement, gross cash consideration</link:label>
    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD_label_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions and Disposals Consideration Received and Receivable</link:label>
    <link:label id="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD_documentation_en-US" xlink:label="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Acquisitions and Disposals Consideration Received and Receivable</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable" xlink:label="loc_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD" xlink:to="lab_vac_SignificantAcquisitionsAndDisposalsConsiderationReceivedAndReceivable_58B2726DB57528586C3AC49C8E0A57BD" xlink:type="arc" />
    <link:label id="lab_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5_terseLabel_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5" 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_97360CDBED67FB62AC02C49C8E0A4DB5_label_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5" 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_97360CDBED67FB62AC02C49C8E0A4DB5_documentation_en-US" xlink:label="lab_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5" 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-20171231.xsd#vac_InventorySoldSubjectToConditionalRepurchase" xlink:label="loc_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5" xlink:to="lab_vac_InventorySoldSubjectToConditionalRepurchase_97360CDBED67FB62AC02C49C8E0A4DB5" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875" 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:label id="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Divestiture, Amount of Consideration Received</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="loc_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875" xlink:to="lab_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_80F13DF395FEB0118FA3C49C8E0AC875" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_F97F6266D2A86FEDB7F4BE73BD8347D9_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_F97F6266D2A86FEDB7F4BE73BD8347D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt, stated interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_F97F6266D2A86FEDB7F4BE73BD8347D9_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_F97F6266D2A86FEDB7F4BE73BD8347D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_F97F6266D2A86FEDB7F4BE73BD8347D9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_A7720FF709AE7A79E9ADBE73BB3EBF60_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock_A7720FF709AE7A79E9ADBE73BB3EBF60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BUSINESS SEGMENTS</link:label>
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    <link:label id="lab_vac_SignificantAccountingPoliciesLineItems_B2D6D8781D0194078CEAD496A48B4936_terseLabel_en-US" xlink:label="lab_vac_SignificantAccountingPoliciesLineItems_B2D6D8781D0194078CEAD496A48B4936" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Line Items]</link:label>
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    <link:label id="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_C601AC4410A0BD01BC5CD496A48B02FE_terseLabel_en-US" xlink:label="lab_vac_PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed_C601AC4410A0BD01BC5CD496A48B02FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent of the assets, liabilities, revenues, expenses and cash flows discussed</link:label>
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_488944FA66025BB11445C45B9AAB62E7_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_488944FA66025BB11445C45B9AAB62E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and Equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_488944FA66025BB11445C45B9AAB62E7_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_488944FA66025BB11445C45B9AAB62E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_488944FA66025BB11445C45B9AAB62E7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_AE18D035CD582E33157CC45B9AAB3597_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_AE18D035CD582E33157CC45B9AAB3597" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_AE18D035CD582E33157CC45B9AAB3597" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_48C650C313AF104E101AC45B9AAC09F7_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_48C650C313AF104E101AC45B9AAC09F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Loss Reserves</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_48C650C313AF104E101AC45B9AAC09F7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_E702209F2E782E8B69FEC45B9AAC5826_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_E702209F2E782E8B69FEC45B9AAC5826" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-U.S. Operations</link:label>
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    <link:label id="lab_us-gaap_CommitmentsAndContingenciesPolicyTextBlock_4AF8E8C3C2E96155FC87C45B9AAC6934_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesPolicyTextBlock_4AF8E8C3C2E96155FC87C45B9AAC6934" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies</link:label>
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    <link:label id="lab_us-gaap_TimeShareRevenue_74840BEA5A30E0275E99C49C8EB44DA2_terseLabel_en-US" xlink:label="lab_us-gaap_TimeShareRevenue_74840BEA5A30E0275E99C49C8EB44DA2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of vacation ownership products</link:label>
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    <link:label id="lab_us-gaap_FinancialServicesCosts_5A2CEB4AFC3F60C9E726C49C8EB52503_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialServicesCosts_5A2CEB4AFC3F60C9E726C49C8EB52503" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing</link:label>
    <link:label id="lab_us-gaap_FinancialServicesCosts_5A2CEB4AFC3F60C9E726C49C8EB52503_label_en-US" xlink:label="lab_us-gaap_FinancialServicesCosts_5A2CEB4AFC3F60C9E726C49C8EB52503" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Services Costs</link:label>
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    <link:label id="lab_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D_terseLabel_en-US" xlink:label="lab_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental</link:label>
    <link:label id="lab_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D_label_en-US" xlink:label="lab_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Expenses</link:label>
    <link:label id="lab_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D_documentation_en-US" xlink:label="lab_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D" 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-20171231.xsd#vac_RentalExpenses" xlink:label="loc_vac_RentalExpenses_64753974DFDEC5C5D666C49C8EB5373D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_B0B37C3CA17AE23D85C7C49C8EB521B2_verboseLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_B0B37C3CA17AE23D85C7C49C8EB521B2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_B0B37C3CA17AE23D85C7C49C8EB521B2_label_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_B0B37C3CA17AE23D85C7C49C8EB521B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and Administrative Expense</link:label>
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    <link:label id="lab_us-gaap_GainLossRelatedToLitigationSettlement_D87CAA3A576B2DBFBC55C49C8EB530D0_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainLossRelatedToLitigationSettlement_D87CAA3A576B2DBFBC55C49C8EB530D0" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Litigation settlement</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossRelatedToLitigationSettlement" xlink:label="loc_us-gaap_GainLossRelatedToLitigationSettlement_D87CAA3A576B2DBFBC55C49C8EB530D0" xlink:type="locator" />
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    <link:label id="lab_vac_OrganizationalAndSeparationRelatedCharges_7D856773675E807AB4B0C49C8EB55D38_terseLabel_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_7D856773675E807AB4B0C49C8EB55D38" 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_7D856773675E807AB4B0C49C8EB55D38_label_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_7D856773675E807AB4B0C49C8EB55D38" 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_7D856773675E807AB4B0C49C8EB55D38_documentation_en-US" xlink:label="lab_vac_OrganizationalAndSeparationRelatedCharges_7D856773675E807AB4B0C49C8EB55D38" 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-20171231.xsd#vac_OrganizationalAndSeparationRelatedCharges" xlink:label="loc_vac_OrganizationalAndSeparationRelatedCharges_7D856773675E807AB4B0C49C8EB55D38" xlink:type="locator" />
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    <link:label id="lab_vac_ConsumerFinancingInterestExpense_452E3BBD6D75D901E55CC49C8EB577ED_terseLabel_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_452E3BBD6D75D901E55CC49C8EB577ED" 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_452E3BBD6D75D901E55CC49C8EB577ED_label_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_452E3BBD6D75D901E55CC49C8EB577ED" 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_452E3BBD6D75D901E55CC49C8EB577ED_documentation_en-US" xlink:label="lab_vac_ConsumerFinancingInterestExpense_452E3BBD6D75D901E55CC49C8EB577ED" 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-20171231.xsd#vac_ConsumerFinancingInterestExpense" xlink:label="loc_vac_ConsumerFinancingInterestExpense_452E3BBD6D75D901E55CC49C8EB577ED" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RoyaltyExpense_F05CCC0421BCCCFA4E68C49C8EB55F0D_terseLabel_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_F05CCC0421BCCCFA4E68C49C8EB55F0D" 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_F05CCC0421BCCCFA4E68C49C8EB55F0D_label_en-US" xlink:label="lab_us-gaap_RoyaltyExpense_F05CCC0421BCCCFA4E68C49C8EB55F0D" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RoyaltyExpense" xlink:label="loc_us-gaap_RoyaltyExpense_F05CCC0421BCCCFA4E68C49C8EB55F0D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190_terseLabel_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190_label_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Impairment Charges</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="loc_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190" xlink:to="lab_us-gaap_AssetImpairmentCharges_429C0EBA502978F86F04C49C8EB5D190" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostOfReimbursableExpense_8E29AB5B971D0C98C53AC49C8EB530A0_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfReimbursableExpense_8E29AB5B971D0C98C53AC49C8EB530A0" 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_8E29AB5B971D0C98C53AC49C8EB530A0_label_en-US" xlink:label="lab_us-gaap_CostOfReimbursableExpense_8E29AB5B971D0C98C53AC49C8EB530A0" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfReimbursableExpense" xlink:label="loc_us-gaap_CostOfReimbursableExpense_8E29AB5B971D0C98C53AC49C8EB530A0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostsAndExpenses_B034F62DDC6FB53DD94AC49C8EB5B877_totalLabel_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_B034F62DDC6FB53DD94AC49C8EB5B877" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">TOTAL EXPENSES</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_B034F62DDC6FB53DD94AC49C8EB5B877" xlink:type="locator" />
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    <link:label id="lab_vac_GainsAndOtherIncomeNet_A0931394E9BA7103CCB9C49C8EB54885_terseLabel_en-US" xlink:label="lab_vac_GainsAndOtherIncomeNet_A0931394E9BA7103CCB9C49C8EB54885" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains and other income, net</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_GainsAndOtherIncomeNet" xlink:label="loc_vac_GainsAndOtherIncomeNet_A0931394E9BA7103CCB9C49C8EB54885" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestIncomeExpenseNonoperatingNet_3E4D9015D4F9A6C7351DC49C8EB58925_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNonoperatingNet_3E4D9015D4F9A6C7351DC49C8EB58925" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
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    <link:label id="lab_us-gaap_OtherNonoperatingExpense_6D43AFA19DC6F5ECDB6CC49C8EB549E0_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingExpense_6D43AFA19DC6F5ECDB6CC49C8EB549E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingExpense" xlink:label="loc_us-gaap_OtherNonoperatingExpense_6D43AFA19DC6F5ECDB6CC49C8EB549E0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_31E1F0CC7C5D2A8D2BD3C49C8EB52FBF_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_31E1F0CC7C5D2A8D2BD3C49C8EB52FBF" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_31E1F0CC7C5D2A8D2BD3C49C8EB52FBF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_EE51A3438A124EE34B32C49C8EB6441B_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_EE51A3438A124EE34B32C49C8EB6441B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EARNINGS PER SHARE</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_B004F1251F2C4E369ECABE73BC73BAC7_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_B004F1251F2C4E369ECABE73BC73BAC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases</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_OperatingLeasesFutureMinimumPaymentsDueAbstract_B004F1251F2C4E369ECABE73BC73BAC7" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_B004F1251F2C4E369ECABE73BC73BAC7" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_D234F141CCD4F621D1B7BE73BC7384FA_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_D234F141CCD4F621D1B7BE73BC7384FA" 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_OperatingLeasesFutureMinimumPaymentsDueCurrent_D234F141CCD4F621D1B7BE73BC7384FA_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_D234F141CCD4F621D1B7BE73BC7384FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Next Twelve Months</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_5F890E5F7DAE0FFF0756BE73BC73D65E_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_5F890E5F7DAE0FFF0756BE73BC73D65E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_9BA3CE89A5B7AA88C865BE73BC7304B3_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_9BA3CE89A5B7AA88C865BE73BC7304B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</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_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_9BA3CE89A5B7AA88C865BE73BC7304B3" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_9BA3CE89A5B7AA88C865BE73BC7304B3" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_E96FA302F671B14A79D0BE73BC73B5AD_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_E96FA302F671B14A79D0BE73BC73B5AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_81665F7F56CDB3507A40BE73BC73122A_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_81665F7F56CDB3507A40BE73BC73122A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022</link:label>
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    <link:label id="lab_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finished goods</link:label>
    <link:label id="lab_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA_label_en-US" xlink:label="lab_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Real Estate, Timeshare Available-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryRealEstateTimeshareAvailableForSale" xlink:label="loc_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA" xlink:to="lab_us-gaap_InventoryRealEstateTimeshareAvailableForSale_0D638C4B8B7F8316406EBE73BCEC7BDA" xlink:type="arc" />
    <link:label id="lab_us-gaap_InventoryWorkInProcess_FC175230B8AF84B579A8BE73BCEC5C0E_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryWorkInProcess_FC175230B8AF84B579A8BE73BCEC5C0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Work-in-progress</link:label>
    <link:label id="lab_us-gaap_InventoryWorkInProcess_FC175230B8AF84B579A8BE73BCEC5C0E_label_en-US" xlink:label="lab_us-gaap_InventoryWorkInProcess_FC175230B8AF84B579A8BE73BCEC5C0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Work in Process, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryWorkInProcess" xlink:label="loc_us-gaap_InventoryWorkInProcess_FC175230B8AF84B579A8BE73BCEC5C0E" xlink:type="locator" />
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    <link:label id="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9_terseLabel_en-US" xlink:label="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land and infrastructure</link:label>
    <link:label id="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9_label_en-US" xlink:label="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Land and Infrastructure</link:label>
    <link:label id="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9_documentation_en-US" xlink:label="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inventory, Land and Infrastructure</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_InventoryLandAndInfrastructure" xlink:label="loc_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9" xlink:to="lab_vac_InventoryLandAndInfrastructure_E03403ACB326559E7C20BE73BCECCBE9" xlink:type="arc" />
    <link:label id="lab_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A_totalLabel_en-US" xlink:label="lab_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Real estate inventory</link:label>
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    <link:label id="lab_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A_documentation_en-US" xlink:label="lab_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A" 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, and (4) construction-in-process.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_InventoryTimeshareGross" xlink:label="loc_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A" xlink:to="lab_vac_InventoryTimeshareGross_AF4C93633022C3B6F4EDBE73BCECE50A" xlink:type="arc" />
    <link:label id="lab_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F_terseLabel_en-US" xlink:label="lab_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating supplies and retail inventory</link:label>
    <link:label id="lab_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F_label_en-US" xlink:label="lab_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Supplies and Inventories</link:label>
    <link:label id="lab_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F_documentation_en-US" xlink:label="lab_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Supplies and Inventories</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_OperatingSuppliesAndInventories" xlink:label="loc_vac_OperatingSuppliesAndInventories_2DF83677292F71F57871BE73BCEC014F" xlink:type="locator" />
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    <link:label id="lab_vac_InventoryTimeshare_400638CA0EC3C190383CBE73BCEC871E_totalLabel_en-US" xlink:label="lab_vac_InventoryTimeshare_400638CA0EC3C190383CBE73BCEC871E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_InventoryTimeshare" xlink:label="loc_vac_InventoryTimeshare_400638CA0EC3C190383CBE73BCEC871E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_InventoryTimeshare_400638CA0EC3C190383CBE73BCEC871E" xlink:to="lab_vac_InventoryTimeshare_400638CA0EC3C190383CBE73BCEC871E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfFinancingReceivablesPastDueTable_92718D1F99E96583637FC49C8E22C4A5_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancingReceivablesPastDueTable_92718D1F99E96583637FC49C8E22C4A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Financing Receivables Past Due [Table]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfFinancingReceivablesPastDueTable" xlink:label="loc_us-gaap_ScheduleOfFinancingReceivablesPastDueTable_92718D1F99E96583637FC49C8E22C4A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFinancingReceivablesPastDueTable_92718D1F99E96583637FC49C8E22C4A5" xlink:to="lab_us-gaap_ScheduleOfFinancingReceivablesPastDueTable_92718D1F99E96583637FC49C8E22C4A5" xlink:type="arc" />
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    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_9C8DD0211363B83C6AB8C49C8E2327AE_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_9C8DD0211363B83C6AB8C49C8E2327AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Recorded Investment, Past Due [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_9C8DD0211363B83C6AB8C49C8E2327AE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_9C8DD0211363B83C6AB8C49C8E2327AE" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_9C8DD0211363B83C6AB8C49C8E2327AE" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes receivable on non-accrual status</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Recorded Investment, Nonaccrual Status</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_3761C108EF87D9ADA07BC49C8E23B458" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average investment in vacation ownership notes receivable on non-accrual status during 2017</link:label>
    <link:label id="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1_label_en-US" xlink:label="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable Average Investment Nonaccrual Loans</link:label>
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    <link:loc xlink:href="vac-20171231.xsd#vac_FinancingReceivableAverageInvestmentNonaccrualLoans" xlink:label="loc_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1" xlink:to="lab_vac_FinancingReceivableAverageInvestmentNonaccrualLoans_A1F7D12BA71B54E7CCE9C49C8E238CC1" xlink:type="arc" />
    <link:label id="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355_terseLabel_en-US" xlink:label="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Inflows</link:label>
    <link:label id="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355_label_en-US" xlink:label="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Inflows [Abstract]</link:label>
    <link:label id="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355_documentation_en-US" xlink:label="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Inflows [Abstract]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_CashInflowsAbstract" xlink:label="loc_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355" xlink:to="lab_vac_CashInflowsAbstract_D7ECFB741B5848CF4B90BE73BB461355" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net proceeds from vacation ownership notes receivable securitizations</link:label>
    <link:label id="lab_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC_label_en-US" xlink:label="lab_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Accounts Receivable Securitization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromAccountsReceivableSecuritization" xlink:label="loc_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC" xlink:to="lab_us-gaap_ProceedsFromAccountsReceivableSecuritization_AD971A86F24B21D28744BE73BB4697CC" xlink:type="arc" />
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC_terseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal receipts</link:label>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC_label_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC" 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>
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC_documentation_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Proceeds From Principal Receipts</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC" xlink:to="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromPrincipalReceipts_18C000E7894C88A43D8EBE73BB46AEBC" xlink:type="arc" />
    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_E41C26A275A746BEA722BE73BB46FF3C_terseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceedsFromInterestReceipts_E41C26A275A746BEA722BE73BB46FF3C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest receipts</link:label>
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    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_A47C86F2D78FB2D56107BE73BC056A2B_terseLabel_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate_A47C86F2D78FB2D56107BE73BC056A2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt, weighted average interest rate</link:label>
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    <link:label id="lab_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085_label_en-US" xlink:label="lab_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Note Hedges Exercised</link:label>
    <link:label id="lab_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085_documentation_en-US" xlink:label="lab_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible note hedges exercised</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_ConvertibleNoteHedgesExercised" xlink:label="loc_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085" xlink:to="lab_vac_ConvertibleNoteHedgesExercised_7FE1C2AC3FADDD904E5CBE73BC0C5085" xlink:type="arc" />
    <link:label id="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E_terseLabel_en-US" xlink:label="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of warrants exercised (in shares)</link:label>
    <link:label id="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E_label_en-US" xlink:label="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class Of Warrant Or Right, Number Of Warrants Exercised</link:label>
    <link:label id="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E_documentation_en-US" xlink:label="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class of Warrant or Right, Number Of Warrants Exercised</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_ClassOfWarrantOrRightNumberOfWarrantsExercised" xlink:label="loc_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E" xlink:to="lab_vac_ClassOfWarrantOrRightNumberOfWarrantsExercised_AB966D957C952EF5C3FBBE73BC0C1B8E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BA3086DB32C388C20C4CBE73BC0CB701_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BA3086DB32C388C20C4CBE73BC0CB701" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, percentage points added to the reference rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BA3086DB32C388C20C4CBE73BC0CB701_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BA3086DB32C388C20C4CBE73BC0CB701" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BA3086DB32C388C20C4CBE73BC0CB701" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_975D9E2BA5C37DE6BBA2BE73BC0C98C9_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_975D9E2BA5C37DE6BBA2BE73BC0C98C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment fee</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_975D9E2BA5C37DE6BBA2BE73BC0C98C9_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_975D9E2BA5C37DE6BBA2BE73BC0C98C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Commitment Fee Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityCommitmentFeePercentage" xlink:label="loc_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_975D9E2BA5C37DE6BBA2BE73BC0C98C9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_84DC36C0454CBB94CF24BE73BC0C50EC_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_84DC36C0454CBB94CF24BE73BC0C50EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility, fair value of amount outstanding</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_84DC36C0454CBB94CF24BE73BC0C50EC_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_84DC36C0454CBB94CF24BE73BC0C50EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Fair Value of Amount Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding" xlink:label="loc_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_84DC36C0454CBB94CF24BE73BC0C50EC" xlink:type="locator" />
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    <link:label id="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B_terseLabel_en-US" xlink:label="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payable period after termination</link:label>
    <link:label id="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B_label_en-US" xlink:label="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility, Payable Period After Termination</link:label>
    <link:label id="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B_documentation_en-US" xlink:label="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit Facility, Payable Period After Termination</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_CreditFacilityPayablePeriodAfterTermination" xlink:label="loc_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B" xlink:to="lab_vac_CreditFacilityPayablePeriodAfterTermination_4665B700E08CDA1E4D70BE73BC0C691B" xlink:type="arc" />
    <link:label id="lab_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84_terseLabel_en-US" xlink:label="lab_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance rate for securitization</link:label>
    <link:label id="lab_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84_label_en-US" xlink:label="lab_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Rate For Securitization</link:label>
    <link:label id="lab_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84_documentation_en-US" xlink:label="lab_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance Rate For Securitization</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_AdvanceRateForSecuritization" xlink:label="loc_vac_AdvanceRateForSecuritization_12F739A2FD5E613FD167BE73BC0C2B84" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceeds_31A1A6BCE1E641218B26BE73BC0CD2F0_terseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorProceeds_31A1A6BCE1E641218B26BE73BC0CD2F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows between transferee and transferor proceeds</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_CashFlowsBetweenTransfereeAndTransferorProceeds" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorProceeds_31A1A6BCE1E641218B26BE73BC0CD2F0" xlink:type="locator" />
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    <link:label id="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_7F9B2D01EF0DA949A417BE73BC0CAFEB_terseLabel_en-US" xlink:label="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_7F9B2D01EF0DA949A417BE73BC0CAFEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows between transferee and transferor, funding of restricted cash</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash" xlink:label="loc_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_7F9B2D01EF0DA949A417BE73BC0CAFEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_7F9B2D01EF0DA949A417BE73BC0CAFEB" xlink:to="lab_vac_CashFlowsBetweenTransfereeAndTransferorFundingOfRestrictedCash_7F9B2D01EF0DA949A417BE73BC0CAFEB" xlink:type="arc" />
    <link:label id="lab_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784_terseLabel_en-US" xlink:label="lab_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in carrying value of inventories</link:label>
    <link:label id="lab_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784_label_en-US" xlink:label="lab_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory True Ups</link:label>
    <link:label id="lab_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784_documentation_en-US" xlink:label="lab_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in estimates within the relative sales value calculations accounted for as real estate inventory true-ups.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_RealEstateInventoryTrueUps" xlink:label="loc_vac_RealEstateInventoryTrueUps_9935D39E1DB1EF492AA6BE73BD97C784" xlink:type="locator" />
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    <link:label id="lab_vac_CapitalizedSalariesAndRelatedCosts_CB30EA29F76460240345BE73BD974FB4_terseLabel_en-US" xlink:label="lab_vac_CapitalizedSalariesAndRelatedCosts_CB30EA29F76460240345BE73BD974FB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized salaries and related costs</link:label>
    <link:label id="lab_vac_CapitalizedSalariesAndRelatedCosts_CB30EA29F76460240345BE73BD974FB4_label_en-US" xlink:label="lab_vac_CapitalizedSalariesAndRelatedCosts_CB30EA29F76460240345BE73BD974FB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Salaries and Related Costs</link:label>
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    <link:loc xlink:href="vac-20171231.xsd#vac_CapitalizedSalariesAndRelatedCosts" xlink:label="loc_vac_CapitalizedSalariesAndRelatedCosts_CB30EA29F76460240345BE73BD974FB4" xlink:type="locator" />
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    <link:label id="lab_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF_terseLabel_en-US" xlink:label="lab_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Resort management and other services</link:label>
    <link:label id="lab_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF_label_en-US" xlink:label="lab_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort Management and Other Services Revenue [Member]</link:label>
    <link:label id="lab_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF_documentation_en-US" xlink:label="lab_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Resort Management and Other Services Revenue [Member]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_ResortManagementAndOtherServicesRevenueMember" xlink:label="loc_vac_ResortManagementAndOtherServicesRevenueMember_3401105ED7F11E8030DEBE73BD9AB5AF" xlink:type="locator" />
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    <link:label id="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62_terseLabel_en-US" xlink:label="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financings</link:label>
    <link:label id="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62_label_en-US" xlink:label="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financings [Member]</link:label>
    <link:label id="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62_documentation_en-US" xlink:label="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financings [Member]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_FinancingsMember" xlink:label="loc_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62" xlink:to="lab_vac_FinancingsMember_015244CA04A5F0E13446BE73BD9A6B62" xlink:type="arc" />
    <link:label id="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01_terseLabel_en-US" xlink:label="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ancillary revenues</link:label>
    <link:label id="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01_label_en-US" xlink:label="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ancillary Revenues</link:label>
    <link:label id="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01_documentation_en-US" xlink:label="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenues for ancillary goods and services rendered.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_AncillaryRevenues" xlink:label="loc_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01" xlink:to="lab_vac_AncillaryRevenues_A2CF441251CDE587128EBE73BD9A7E01" xlink:type="arc" />
    <link:label id="lab_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3_terseLabel_en-US" xlink:label="lab_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management fee revenues</link:label>
    <link:label id="lab_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3_label_en-US" xlink:label="lab_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fees, Base Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ManagementFeesBaseRevenue" xlink:label="loc_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3" xlink:to="lab_us-gaap_ManagementFeesBaseRevenue_CCA261F090187815BC07BE73BD9A7FE3" xlink:type="arc" />
    <link:label id="lab_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664_terseLabel_en-US" xlink:label="lab_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fee revenues</link:label>
    <link:label id="lab_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664_label_en-US" xlink:label="lab_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee Revenue</link:label>
    <link:label id="lab_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664_documentation_en-US" xlink:label="lab_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fee revenues for services rendered.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_FeeRevenue" xlink:label="loc_vac_FeeRevenue_6E24C8FB1F3DA2D41FCCBE73BD9AC664" xlink:type="locator" />
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    <link:label id="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual financing term</link:label>
    <link:label id="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431_label_en-US" xlink:label="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable Term</link:label>
    <link:label id="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431_documentation_en-US" xlink:label="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivable Term</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_FinancingReceivableTerm" xlink:label="loc_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431" xlink:to="lab_vac_FinancingReceivableTerm_2F99ECACC8BA58AD6D6DBE73BD9A5431" xlink:type="arc" />
    <link:label id="lab_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920_terseLabel_en-US" xlink:label="lab_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Revenue payment commencement</link:label>
    <link:label id="lab_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920_label_en-US" xlink:label="lab_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment Period Financing</link:label>
    <link:label id="lab_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920_documentation_en-US" xlink:label="lab_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing revenue payment period commencement after closing.</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_PaymentPeriodFinancing" xlink:label="loc_vac_PaymentPeriodFinancing_95C0AB4E1EAF1ABA3491BE73BD9AE920" xlink:type="locator" />
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    <link:label id="lab_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A_verboseLabel_en-US" xlink:label="lab_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income associated with vacation ownership notes receivable</link:label>
    <link:label id="lab_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A_label_en-US" xlink:label="lab_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest On Notes Receivable</link:label>
    <link:label id="lab_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A_documentation_en-US" xlink:label="lab_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest On Notes Receivable</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_InterestOnNotesReceivable" xlink:label="loc_vac_InterestOnNotesReceivable_88E3390D20767C7C0788C49C8E2B080A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract_80F16CA77DBF1E20E370BE73BD465A44_label_en-US" xlink:label="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract_80F16CA77DBF1E20E370BE73BD465A44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments, All Other Investments [Abstract]</link:label>
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    <link:label id="lab_us-gaap_Land_3B1BF46EBC86C23E0D9EBE73BCD40D07_terseLabel_en-US" xlink:label="lab_us-gaap_Land_3B1BF46EBC86C23E0D9EBE73BCD40D07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land</link:label>
    <link:label id="lab_us-gaap_Land_3B1BF46EBC86C23E0D9EBE73BCD40D07_label_en-US" xlink:label="lab_us-gaap_Land_3B1BF46EBC86C23E0D9EBE73BCD40D07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land</link:label>
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    <link:label id="lab_us-gaap_BuildingsAndImprovementsGross_65BA31E3850A676F9C11BE73BCD4A842_terseLabel_en-US" xlink:label="lab_us-gaap_BuildingsAndImprovementsGross_65BA31E3850A676F9C11BE73BCD4A842" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buildings and leasehold improvements</link:label>
    <link:label id="lab_us-gaap_BuildingsAndImprovementsGross_65BA31E3850A676F9C11BE73BCD4A842_label_en-US" xlink:label="lab_us-gaap_BuildingsAndImprovementsGross_65BA31E3850A676F9C11BE73BCD4A842" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings and Improvements, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BuildingsAndImprovementsGross" xlink:label="loc_us-gaap_BuildingsAndImprovementsGross_65BA31E3850A676F9C11BE73BCD4A842" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FixturesAndEquipmentGross_689A1EA2BC63EC553940BE73BCD48562_terseLabel_en-US" xlink:label="lab_us-gaap_FixturesAndEquipmentGross_689A1EA2BC63EC553940BE73BCD48562" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture and equipment</link:label>
    <link:label id="lab_us-gaap_FixturesAndEquipmentGross_689A1EA2BC63EC553940BE73BCD48562_label_en-US" xlink:label="lab_us-gaap_FixturesAndEquipmentGross_689A1EA2BC63EC553940BE73BCD48562" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixtures and Equipment, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FixturesAndEquipmentGross" xlink:label="loc_us-gaap_FixturesAndEquipmentGross_689A1EA2BC63EC553940BE73BCD48562" xlink:type="locator" />
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    <link:label id="lab_vac_InformationTechnologyAssetsGross_644D27DEA990FC662CC5BE73BCD48934_terseLabel_en-US" xlink:label="lab_vac_InformationTechnologyAssetsGross_644D27DEA990FC662CC5BE73BCD48934" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Information technology</link:label>
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    <link:label id="lab_us-gaap_ConstructionInProgressGross_F9FD47FC7688FC891DA5BE73BCD4347F_terseLabel_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_F9FD47FC7688FC891DA5BE73BCD4347F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction in progress</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_3ED7A6410DBF851A26D4BE73BCD49576" xlink:type="locator" />
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    <link:label id="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_0A318F3A1A7D5AAD98EFD496A47AA641_documentation_en-US" xlink:label="lab_vac_PastDueLoanSuspendAccrualOfInterestPeriod_0A318F3A1A7D5AAD98EFD496A47AA641" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Past Due Loan Suspend Accrual of Interest Period</link:label>
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    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_29B93AC05BAA0E959D0BD496A47AE114_terseLabel_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_29B93AC05BAA0E959D0BD496A47AE114" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period in which loan considered default loan</link:label>
    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_29B93AC05BAA0E959D0BD496A47AE114_label_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_29B93AC05BAA0E959D0BD496A47AE114" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Payments Delinquency Period Beyond which Loan is Considered Defaulted</link:label>
    <link:label id="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_29B93AC05BAA0E959D0BD496A47AE114_documentation_en-US" xlink:label="lab_vac_LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted_29B93AC05BAA0E959D0BD496A47AE114" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan Payments Delinquency Period Beyond which Loan is Considered Defaulted</link:label>
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    <link:label id="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC_terseLabel_en-US" xlink:label="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes receivable estimated average remaining default rates</link:label>
    <link:label id="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC_label_en-US" xlink:label="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Receivable, Estimated Average Default Rates</link:label>
    <link:label id="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC_documentation_en-US" xlink:label="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes Receivable, Estimated Average Default Rates</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_NotesReceivableEstimatedAverageDefaultRates" xlink:label="loc_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC" xlink:to="lab_vac_NotesReceivableEstimatedAverageDefaultRates_FD3BD9C3196279C141FAD496A47AD4AC" xlink:type="arc" />
    <link:label id="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160_terseLabel_en-US" xlink:label="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated default rate increases that would have resulted an increase in allowance for credit losses</link:label>
    <link:label id="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160_label_en-US" xlink:label="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Result of Increase in Estimated Default Rate</link:label>
    <link:label id="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160_documentation_en-US" xlink:label="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The projected increased default rate to apply to the allowance for credit losses.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160" xlink:to="lab_vac_ResultOfIncreaseInEstimatedDefaultRate_5F7CF19366EC7CE80B2AD496A47A4160" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing receivable, allowance for credit losses, that would have been increased</link:label>
    <link:label id="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF_label_en-US" xlink:label="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Allowance For Credit Losses, That Would Have Been Increased</link:label>
    <link:label id="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF_documentation_en-US" xlink:label="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivable, Allowance For Credit Losses, That Would Have Been Increased</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased" xlink:label="loc_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF" xlink:to="lab_vac_FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased_E486B9BB94101C99325ED496A47AD5FF" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred marketing and selling expenses, which are direct marketing and selling costs related either to an unclosed contract or a contract for which 100 percent of revenue has not yet been recognized</link:label>
    <link:label id="lab_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A_label_en-US" xlink:label="lab_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredCosts" xlink:label="loc_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A" xlink:to="lab_us-gaap_DeferredCosts_A0BB43F055DB4B4BA3B2D496A47A148A" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Receivables, Period Past Due [Axis]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivables, Period Past Due [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3" xlink:to="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_897D5B462DE245BE954FC49C8E1F76C3" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Financing Receivable, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivables, Period Past Due [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528" xlink:to="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_8360EC4B9EB3EE955A6AC49C8E1FB528" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">31 &#8211; 90 days past due</link:label>
    <link:label id="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042_label_en-US" xlink:label="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivables, 31 To 90 Days Past Due [Member]</link:label>
    <link:label id="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042_documentation_en-US" xlink:label="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivables, 31 To 90 Days Past Due [Member]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_FinancingReceivables31To90DaysPastDueMember" xlink:label="loc_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042" xlink:to="lab_vac_FinancingReceivables31To90DaysPastDueMember_7BDB6991206C79B527EDC49C8E1F7042" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">91 &#8211; 150 days past due</link:label>
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    <link:label id="lab_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78_documentation_en-US" xlink:label="lab_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivables, 91 To 150 Days Past Due [Member]</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_FinancingReceivables91To150DaysPastDueMember" xlink:label="loc_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78" xlink:to="lab_vac_FinancingReceivables91To150DaysPastDueMember_A14945D5930A918E693EC49C8E1F9E78" xlink:type="arc" />
    <link:label id="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D_terseLabel_en-US" xlink:label="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Greater than 150 days past due</link:label>
    <link:label id="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D_label_en-US" xlink:label="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivables, Greater than 150 Days Past Due [Member]</link:label>
    <link:label id="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D_documentation_en-US" xlink:label="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Receivables, Greater than 150 Days Past Due [Member]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D" xlink:to="lab_vac_FinancingReceivablesGreaterthan150DaysPastDueMember_5448352502F7942F8798C49C8E1F188D" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_3CB79F0AE2D83D1CFF8EC49C8E1F9381_verboseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_3CB79F0AE2D83D1CFF8EC49C8E1F9381" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total past due</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_3CB79F0AE2D83D1CFF8EC49C8E1F9381_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_3CB79F0AE2D83D1CFF8EC49C8E1F9381" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Recorded Investment, Past Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_3CB79F0AE2D83D1CFF8EC49C8E1F9381" xlink:type="locator" />
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    <link:label id="lab_vac_AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment_EFAE7AA8C3714C226A2ABE73BCE93CBA_terseLabel_en-US" xlink:label="lab_vac_AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment_EFAE7AA8C3714C226A2ABE73BCE93CBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of completed vacation ownership units classified as property and equipment</link:label>
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    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_53BEECFCF1524D9ABEF8D26CACC7477D_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_53BEECFCF1524D9ABEF8D26CACC7477D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impact related to the Tax Cuts and Jobs Act</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_53BEECFCF1524D9ABEF8D26CACC7477D" xlink:type="locator" />
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    <link:label id="lab_vac_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent_EE3FC29BD3789DA53677D26CACC78AD4_terseLabel_en-US" xlink:label="lab_vac_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent_EE3FC29BD3789DA53677D26CACC78AD4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess tax benefits related to share-based compensation</link:label>
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    <link:label id="lab_vac_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent_EE3FC29BD3789DA53677D26CACC78AD4_documentation_en-US" xlink:label="lab_vac_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent_EE3FC29BD3789DA53677D26CACC78AD4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent" xlink:label="loc_vac_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent_EE3FC29BD3789DA53677D26CACC78AD4" xlink:type="locator" />
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    <link:label id="lab_vac_EffectiveIncomeTaxRateReconciliationForeignRateChangePercent_E7414467DA0B90CED32FD26CACC78BD2_label_en-US" xlink:label="lab_vac_EffectiveIncomeTaxRateReconciliationForeignRateChangePercent_E7414467DA0B90CED32FD26CACC78BD2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation Foreign Rate Change Percent</link:label>
    <link:label id="lab_vac_EffectiveIncomeTaxRateReconciliationForeignRateChangePercent_E7414467DA0B90CED32FD26CACC78BD2_documentation_en-US" xlink:label="lab_vac_EffectiveIncomeTaxRateReconciliationForeignRateChangePercent_E7414467DA0B90CED32FD26CACC78BD2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation Foreign Rate Change Percent</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_EffectiveIncomeTaxRateReconciliationForeignRateChangePercent" xlink:label="loc_vac_EffectiveIncomeTaxRateReconciliationForeignRateChangePercent_E7414467DA0B90CED32FD26CACC78BD2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-U.S. income (loss)</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_0C8356D66B8CE14CD481D26CACC7F301" xlink:type="arc" />
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_E8B655D2F4752DFF0BDFD26CACC7DCED_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_E8B655D2F4752DFF0BDFD26CACC7DCED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other items</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_E8B655D2F4752DFF0BDFD26CACC7DCED_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_E8B655D2F4752DFF0BDFD26CACC7DCED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Other Adjustments, Percent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_E8B655D2F4752DFF0BDFD26CACC7DCED" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_8C3999407C85EB53EC82D26CACC71EA7_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_8C3999407C85EB53EC82D26CACC71EA7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in valuation allowance</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_8C3999407C85EB53EC82D26CACC71EA7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_8C3999407C85EB53EC82D26CACC71EA7" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_8C3999407C85EB53EC82D26CACC71EA7" xlink:type="arc" />
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    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_2AB94824E7489AA1A214D26CACC71A04_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_2AB94824E7489AA1A214D26CACC71A04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Percent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_2AB94824E7489AA1A214D26CACC71A04" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsAbstract_8AB4E9EC44F6D412545FBE73BDC979A6_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_8AB4E9EC44F6D412545FBE73BDC979A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ASSETS</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_8AB4E9EC44F6D412545FBE73BDC979A6_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_8AB4E9EC44F6D412545FBE73BDC979A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_8AB4E9EC44F6D412545FBE73BDC979A6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_A5213D1E7B2E651B0DD5BE73BDC9C8BF" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_B888563863432AA41103BE73BDCA83CC_verboseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_B888563863432AA41103BE73BDCA83CC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash (including $32,321 and $27,525 from VIEs, respectively)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_B888563863432AA41103BE73BDCA83CC" xlink:type="locator" />
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    <link:label id="lab_vac_AccountsAndContractsReceivableNet_8EB17C0159D0B3F2618DBE73BDCA88AD_verboseLabel_en-US" xlink:label="lab_vac_AccountsAndContractsReceivableNet_8EB17C0159D0B3F2618DBE73BDCA88AD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts and contracts receivable, net (including $5,639 and $4,865 from VIEs, respectively)</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_AccountsAndContractsReceivableNet" xlink:label="loc_vac_AccountsAndContractsReceivableNet_8EB17C0159D0B3F2618DBE73BDCA88AD" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NotesReceivableNet_6A54FEC8213D3534861BBE73BDCA88D8_verboseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_6A54FEC8213D3534861BBE73BDCA88D8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vacation ownership notes receivable, net (including $815,331 and $717,543 from VIEs, respectively)</link:label>
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    <link:label id="lab_us-gaap_OtherAssets_CFCF164C94BE6395AFAFBE73BDCA08C2_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_CFCF164C94BE6395AFAFBE73BDCA08C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other (including $13,708 and $0 from VIEs, respectively)</link:label>
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    <link:label id="lab_us-gaap_Assets_1012D05BF5D143ADE5D3BE73BDCA26F7_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_1012D05BF5D143ADE5D3BE73BDCA26F7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">TOTAL ASSETS</link:label>
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    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_6E60B65059FF0F58BE03BE73BDCA74AF_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_6E60B65059FF0F58BE03BE73BDCA74AF" 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_6E60B65059FF0F58BE03BE73BDCA74AF_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_6E60B65059FF0F58BE03BE73BDCA74AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
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    <link:label id="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_2D5304647E16CDB775B3BE73BDCA4A91_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_2D5304647E16CDB775B3BE73BDCA4A91" 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_2D5304647E16CDB775B3BE73BDCA4A91_label_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_2D5304647E16CDB775B3BE73BDCA4A91" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_2D5304647E16CDB775B3BE73BDCA4A91" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CustomerAdvancesAndDeposits_815CB1FDF915ACD6781ABE73BDCA6846_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_815CB1FDF915ACD6781ABE73BDCA6846" 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_815CB1FDF915ACD6781ABE73BDCA6846_label_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_815CB1FDF915ACD6781ABE73BDCA6846" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer Advances and Deposits</link:label>
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    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_DEAB1F33E949D49224ECBE73BDCA7DA8_verboseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_DEAB1F33E949D49224ECBE73BDCA7DA8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued liabilities (including $701 and $584 from VIEs, respectively)</link:label>
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    <link:label id="lab_us-gaap_DeferredRevenue_B5125C3C4FFED7F29002BE73BDCA24E0_label_en-US" xlink:label="lab_us-gaap_DeferredRevenue_B5125C3C4FFED7F29002BE73BDCA24E0" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="loc_us-gaap_DeferredRevenue_B5125C3C4FFED7F29002BE73BDCA24E0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8CF0C95F3FCDD5FDBD0BBE73BDCA845B_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8CF0C95F3FCDD5FDBD0BBE73BDCA845B" 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_8CF0C95F3FCDD5FDBD0BBE73BDCA845B_label_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_8CF0C95F3FCDD5FDBD0BBE73BDCA845B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee-related Liabilities</link:label>
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    <link:label id="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_C8B49C06A8CF22CDC8C8BE73BDCA06E6_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_C8B49C06A8CF22CDC8C8BE73BDCA06E6" 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_C8B49C06A8CF22CDC8C8BE73BDCA06E6_label_en-US" xlink:label="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_C8B49C06A8CF22CDC8C8BE73BDCA06E6" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent" xlink:label="loc_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_C8B49C06A8CF22CDC8C8BE73BDCA06E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_C8B49C06A8CF22CDC8C8BE73BDCA06E6" xlink:to="lab_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_C8B49C06A8CF22CDC8C8BE73BDCA06E6" xlink:type="arc" />
    <link:label id="lab_vac_DebtAndCapitalLeaseObligationsNet_D75C2959319D027FD09CBE73BDCA070C_verboseLabel_en-US" xlink:label="lab_vac_DebtAndCapitalLeaseObligationsNet_D75C2959319D027FD09CBE73BDCA070C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt, net (including $845,131 and $738,362 from VIEs, respectively)</link:label>
    <link:loc xlink:href="vac-20171231.xsd#vac_DebtAndCapitalLeaseObligationsNet" xlink:label="loc_vac_DebtAndCapitalLeaseObligationsNet_D75C2959319D027FD09CBE73BDCA070C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredTaxLiabilities_28D5692365BEAAA1E62FBE73BDCA1733_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilities_28D5692365BEAAA1E62FBE73BDCA1733" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred taxes</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilities_28D5692365BEAAA1E62FBE73BDCA1733_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilities_28D5692365BEAAA1E62FBE73BDCA1733" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="loc_us-gaap_DeferredTaxLiabilities_28D5692365BEAAA1E62FBE73BDCA1733" xlink:type="locator" />
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    <link:label id="lab_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">TOTAL LIABILITIES</link:label>
    <link:label id="lab_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498_label_en-US" xlink:label="lab_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498" xlink:to="lab_us-gaap_Liabilities_C4DFF9603FEE0A05BCC1BE73BDCAD498" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingencies and Commitments (Note 9)</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A" xlink:to="lab_us-gaap_CommitmentsAndContingencies_1BD8F351E2B4BDC72AD3BE73BDCA2D0A" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock &#8212; $.01 par value; 2,000,000 shares authorized; none issued or outstanding</link:label>
    <link:label id="lab_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666_label_en-US" xlink:label="lab_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Value, Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666" xlink:to="lab_us-gaap_PreferredStockValue_1C6B47D955AAB0A87116BE73BDCA6666" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock &#8212; $.01 par value; 100,000,000 shares authorized; 36,861,843 and 36,633,868 shares issued, respectively</link:label>
    <link:label id="lab_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526_label_en-US" xlink:label="lab_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Value, Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526" xlink:to="lab_us-gaap_CommonStockValue_B4D7E87D6EBA16DE5246BE73BDCB2526" xlink:type="arc" />
    <link:label id="lab_us-gaap_TreasuryStockValue_2EC98B17AC2A85BE614ABE73BDCBDBDD_negatedLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockValue_2EC98B17AC2A85BE614ABE73BDCBDBDD" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Treasury stock &#8212; at cost; 10,400,547 and 9,643,562 shares, respectively</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_347966C9AE387E9E7A04BE73BDCB97F2" xlink:type="locator" />
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