INTERVAL INTERNATIONAL ANNOUNCES MULTI-TIERED RESORT QUALITY RECOGNITION PROGRAM
Miami, FL, April 6, 2007 – Interval International, a leading global vacation exchange company and operating business of IAC (Nasdaq: IACI), today announced the introduction of its new resort recognition program designed to showcase the quality of vacation properties in its network. The multi-tiered program incorporates refined recognition criteria and takes into account recent trends in vacation ownership products. PricewaterhouseCoopers’ U.S. Hospitality & Leisure Practice was engaged to assist Interval in the development of the program, which has occurred over the past 18 months.
“Interval’s new resort quality recognition program will provide members with a valuable vacation planning tool that they can use when making their exchange selections,” noted Jeanette Marbert, chief operating officer of Interval International. “We’re proud to take a leadership role in the quality arena that’s been the cornerstone of our company’s history.”
Since it was founded in 1976, Interval International has been recognized as the quality vacation exchange network. The company built on this tradition in 1982 by creating the Interval International Five Star Award®, the industry’s first quality recognition program, and working with the prestigious Cornell University School of Hotel Administration to develop an exclusive quality ratings system a few years later.
Interval will provide more detail about the new program to its resort clients prior to its launch next year. With the program’s implementation, the Interval International Five Star Award and the Superior Service Award will be retired.
About Interval International
For more than 30 years, Interval International has led the vacation ownership industry with its commitment to providing quality exchange services and other value-added programs to its vacation-owning members and resort developers worldwide. Based in Miami, Florida, Interval has a network of more than 2,200 resorts in 79 countries and serves its clients and nearly 1.9 million members through 28 offices in 19 countries. Interval is part of IAC, 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.
