INTERVAL INTERNATIONAL BUILDS PRESENCE IN LATIN AMERICA
Concludes Shared Ownership Investment Seminar in Peru
Miami, FL, August 12, 2014 - Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), recently hosted its first Shared Ownership Investment Seminar in Lima, Peru, as part of its increased focus on the Latin American region. Prospective entrants, developers, hoteliers, lenders, and service providers from Peru, Bolivia, and Ecuador, had the opportunity to gain unique insights into shared ownership and the various business models.
“With one of the fastest growing economies in the region and a rising middle class, Peru is poised for significant growth in the leisure travel market,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “This presents exciting opportunities for shared ownership. We look forward to partnering with resort developers to provide travelers throughout the region with unforgettable vacation experiences.”
Consumers across Latin America are enjoying greater disposable incomes and new ways of vacationing. In fact, according to Interval’s recently released member profile, Interval Latin American-resident members spent an average of 24 leisure nights away from home during the last 12 months. These findings are reinforced by a recent study of active leisure travelers residing in Peru, Shared Ownership 2014: A Market Perspective – Peru Edition, which notes an impressive 92% planning to take more or the same number of overnight leisure trips in the next 12 months. Ninety-seven percent indicate condominium-style accommodations are an appealing alternative to traditional resorts, hotels, or motels. “The growth potential for shared ownership vacations is undeniable,” adds Agostini.
The event in Peru featured networking opportunities, interactive sessions, and panel discussions led by hospitality and shared ownership experts. It follows a series of Interval seminars that have taken place in Buenos Aires, Argentina; São Paulo, Brazil; and Bogotá, Colombia, over the course of the past year. On October 13-14, Interval will host its 16th Annual Shared Ownership Investment Conference at the Fontainebleau Miami Beach.
About the Shared Ownership Investment Conference
Produced and sponsored by Interval International, the Shared Ownership Investment Conferences and Seminars provide a forum to educate attendees about trends and opportunities, and explore the various shared ownership business models. Since 1998, these events have been providing delegates in Africa, the Americas, the Caribbean, Europe, and the Middle East, with valuable industry knowledge on topics from financing, marketing and development to conversions, mixed use resorts, and government regulations. For more information, visit www.sharedownershipinvestment.com.
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 nearly 2,900 resorts in more than 80 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.
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