INTERVAL INTERNATIONAL AND MARRIOTT VACATION CLUB INTERNATIONAL CELEBRATE 20-YEAR RELATIONSHIP
WITH LONG-TERM RENEWAL
Miami, FL, March 10, 2010 – Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), today announced the renewal of its master affiliation agreement with Marriott Vacation Club International, the timeshare division of Marriott International, Inc. (NYSE: MAR). The multi-year agreement extends the relationship first established in 1990 between two leaders in the shared ownership industry, each highly regarded for their commitment to quality, exemplary customer service, and innovation.
Interval will continue to provide Marriott Vacation Club owners with both internal and external vacation exchange services, as well as an array of other leisure programs and benefits that reinforce the value proposition of their purchase. These include offering the option of trading their accommodations for a resort within the Marriott portfolio or from among the 2,500-plus resorts in Interval’s worldwide network. In turn, other Interval members have the opportunity to exchange into Marriott Vacation Club’s beach, ski, golf, spa, and themed-entertainment resorts in internationally recognized vacation destinations.
“We have worked collaboratively with Marriott for the past two decades on ground-breaking initiatives that have been instrumental in the growth of both businesses and of the vacation ownership industry,” said Craig M. Nash, chairman, president, and chief executive officer of Interval Leisure Group, parent company of Interval International. “It has been very rewarding to share a common vision based on quality and integrity in everything we do.”
“Interval has played an integral part in helping fulfill Marriott’s brand promise. For 20 years, we have created memorable vacations together and exceeded owners’ expectations,” said Stephen P. Weisz, president of Marriott Vacation Club International. “We look forward to continuing our partnership with the Interval team and introducing exciting innovations that will further enhance our owners’ experiences.”
Marriott Vacation Club has more than 400,000 owner families and a portfolio of 52 resorts in 33 destinations throughout the U.S., Caribbean, Europe, and Asia. The company recently celebrated the opening of its latest resort, Marriott’s Oceana Palms – The Palm Beaches on Singer Island in Riviera Beach, Florida. From its beginning as the first hospitality firm to enter the timeshare industry, Marriott’s innovations and impact on vacation ownership have helped shape the dynamic industry it is today.
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 for more than 33 years. Today, Interval has an exchange network of more than 2,500 resorts in over 75 nations. Through offices in 16 countries, Interval offers high-quality products and benefits to resort clients and approximately 2 million families who are enrolled in various membership programs. Interval is an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.
