INTERVAL TRAVEL EARNS NORWEGIAN CRUISE LINE PRESIDENT'S CLUB STATUS FOR FIFTH CONSECUTIVE YEAR
Exchange Company's Cruise Sales in Excess of $1.5 Million for 2005
Miami, FL, June 30, 2006 — Interval International, a leading global vacation exchange company, today announced that Interval Travel has earned membership in the Norwegian Cruise Line (NCL) President's Club for its 2005 sales results. The President's Club is a select group of less than one percent of NCL's business partners who sold more than $1.5 million of cabin space. Interval Travel received this prestigious recognition for the fifth consecutive year.
"Interval continues to be a great partner to Norwegian Cruise Line. Earning President's Club status year over year demonstrates its ability to match today's cruisers with one of the industry's most innovative products at sea," said Terri Burke, MCC, CTC, vice president of Business Development for Norwegian Cruise Line. "The ongoing support is testimony to a fantastic relationship, and we look forward to working with Interval for many years to come."
"Our members enjoy cruising more than the general population and we're delighted to offer them Norwegian Cruise Line's first class accommodations and exciting destinations," said Raul Estrada, vice president of Member Services for Interval International. "We're proud to be among NCL's elite partners and receive President's Club recognition for our cruise team's outstanding sales performance."
In response to members' interest in cruising, the Interval Travel Cruise Desk has been operating since 1997 to service the needs of the company's North American consumer member families. It represents a multi-million dollar operation and manages 8,000 to 9,000 inquiries per month. The Interval Travel Cruise Desk is a Cruise Lines International Association Booking Agency, or "CLIA" certified.
The cruise exchange option, which was introduced in 1999, allows members of Interval's upgraded benefits program, Interval Gold®, to relinquish home resort weeks in exchange for cruise vacations with the payment of a supplemental fee. The company later launched Interval Options®, which added spa and golf exchange vacations to its menu of leisure lifestyle alternatives. All three programs fuel Interval's ongoing strategy to complement its resort exchange services with flexibility and value to both its developer clients and consumer members.
About NCL Corporation Ltd.
NCL Corporation Ltd. ("NCL") is an innovative cruise company headquartered in Miami, Florida, with a fleet of 15 ships in service and under construction. The corporation oversees the operations of Norwegian Cruise Line, NCL America and Orient Lines. The company christened its newest ship, Pride of Hawai`i on Saturday, May 20, 2006, the largest and most expensive U.S. flagged passenger ship ever built. It is currently building two ships, Norwegian Pearl scheduled for delivery in the fourth quarter of 2006 and Norwegian Gem scheduled for delivery in the fourth quarter of 2007.
About Interval International
Interval International, a leading vacation ownership exchange company, is celebrating 30 years 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 in excess of 1.8 million member families through 28 offices in 19 countries. The company provides a variety of services and year-round travel-related benefits to enhance members' vacation experiences. Headquartered in Miami, Florida, Interval International 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.
