INTERVAL INTERNATIONAL SPONSORS 10TH ANNUAL CARIBBEAN HOTEL & TOURISM INVESTMENT CONFERENCE
MIAMI, FL, April 10, 2006 — For the tenth consecutive year, Interval International was a platinum sponsor of the 10th Annual Caribbean Hotel & Tourism Investment Conference (CHTIC), which took place on April 4-6, 2006 at The Fairmont Southampton in Bermuda. Founded by the Caribbean Hotel Association (CHA) and the Caribbean Tourism Organization (CTO), the conference's objectives are to improve the tourism investment and operating climate across the Caribbean, increase awareness of the development opportunities available in the region, and stimulate a continuing flow of both equity and loan capital into the market.
"Our alliance and financial support of CHA and CTO endeavors is consistent with Interval International's long-term commitment to the Caribbean tourism and hospitality industry," said David Callaghan, vice president, resort sales and service for Interval International. "Vacation ownership continues to grow in the Caribbean region and the investment opportunities for both brands and independent hoteliers are tremendous."
"Interval International has supported this conference from its inception and has continued to help the Caribbean Hotel Association put many aspects of the program together," said Alec Sanguinetti, chief executive officer, CHA. "They also have a proven track record in stimulating new investment opportunities and encouraging investment-related initiatives throughout the Caribbean."
This event has become a premier forum for government officials, industry leaders, and the investment community to study key issues, which impact the future of investment and development in the Caribbean region.
"Interval International's long-standing dedication has been a considerable factor in the growth of this program and the Caribbean region as a whole," said Vincent Vanderpool-Wallace, Secretary General, CTO. "We appreciate the company's loyalty and their unfailing support of our efforts and look forward to their continued participation in future Caribbean hotel, tourism and investment conferences and other activities."
This year's conference featured a session titled "Timeshare & Fractional Deals" that educated attendees on the challenges and opportunities associated with investment in the vacation ownership industry.
As a Strategic Partner of the Caribbean Hotel Association (CHA) and a Board Member of the Caribbean Tourism Organization's Education Foundation, Interval has been a long time supporter of the tourism industry in the Caribbean. Interval is committed to understanding the unique needs of the Caribbean region and providing products and programs tailored to this market. "Interval continues to be a very valuable Strategic Partner of CHA based on the quality and caliber of their operations and their dedication to the Caribbean hospitality industry," said Sanguinetti. "The enduring commitment of companies such as Interval allows us to meet our long-term objectives in the region."
In the Caribbean, Interval is the leading provider of quality vacation ownership exchange services. For its current roster of Caribbean resort developer clients, and new entrants into the vacation ownership development industry, Interval offers a range of services including program design, sales and marketing support, reservations, travel and financial services.
Interval International is celebrating its 30th year leading the vacation ownership industry as the exchange company of quality and innovation. Interval has a global network of more than 2,000 affiliated resorts in over 75 countries, and serves its developer clients and 1.8 million member families through 28 offices in 19 countries. The company provides a variety of exchange services and year-round travel-related benefits to enhance members' vacation experiences. Headquartered in Miami, Florida, Interval International is part of IAC/InterActiveCorp, which operates leading and diversified businesses in sectors being transformed by the Internet, online and offline. Other IAC companies include Ask.com, Citysearch, Entertainment Publications, HSN, LendingTree, and Ticketmaster.
