INTERVAL INTERNATIONAL REINFORCES ITS COMMITMENT
TO SHARED OWNERSHIP IN BRAZIL
Miami, FL, August 28, 2013 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), continues to strengthen its commitment to the growth of shared ownership in Brazil through valuable regional research and renowned investment conferences.
Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America, said, “A decade of economic growth in Brazil has created a new generation of travelers, who include millions of middle class consumers. They have the means and the desire to travel and want to vacation in new ways. That’s what shared ownership products can offer these consumers.”
To support resort developers and prospective new entrants to the business, Interval commissioned the Shared Ownership 2012: A Market Perspective – Brazil Edition, a study that provides in-depth information about the demographic characteristics, vacation habits, and intentions of leisure travelers who reside in the market. The survey, which validates the growth potential for shared ownership in the country, was produced exclusively for Interval by Ipsos Reid, one of the world’s leading survey-based market research firms.
Interval created the Shared Ownership Investment Conferences in 1998 to educate developers, hoteliers, lenders, and government officials about resort development opportunities, and has sponsored many successful events around the world. The company is hosting a seminar on August 29 at the Grand Hyatt São Paulo, where more than 100 delegates are expected. “This event is designed to explore market trends and key issues affecting the sector in Brazil. It will facilitate business networking, deal-making, and stimulate interest in shared ownership,” Agostini added.
“Interval is proving to be a sought-after partner for established resort developers and new entrants throughout Brazil. We recently expanded our portfolio with the affiliation of resorts on the Alagoa coast, in Goiás, and Maranhão,” said Fernando Martinelli, Interval’s executive director of resort sales and service for Brazil, who is based in Interval’s São Paulo office. “There’s much more to look forward to as we continue to capitalize on existing opportunities and increase our market share.”
About Interval International
Interval International operates membership programs for vacationers and provides value-added services to its developer clients worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market since 1976. Today, Interval has an exchange network of approximately 2,800 resorts in more than 75 nations. Through offices in 16 countries, Interval offers high-quality products and benefits to resort clients and about 2 million families who are enrolled in various membership programs. Interval is an operating business of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.
