KETTERING, U.K. (August 27, 2012) — Karma Royal Group has signed a new affiliation agreement with RCI, the global leader in vacation exchange. The new agreement incorporates a master affiliation agreement that brings all member companies within the group and RCI together for an extended affiliation term. All the group’s timeshare properties across India, Bali, Germany, Indonesia and Thailand will be affiliated with RCI. This expanded relationship also brings the new Royal Resorts Club into affiliation with RCI.
John Spence, founder and chairman of the Karma Royal Group, has been working with RCI since 1993 when RCI invited him to an industry conference in India, during which he recognized the huge potential of the country and shortly afterwards opened his first timeshare resort there.
Commenting on the recent renewal with RCI, Spence said: “RCI invented the exchange business over 35 years ago and has been the innovator and leader ever since. Innovation is important to my business and I believe Royal and RCI share the same vision for our industry going forward. We have been working together for 19 years and I have been very happy with our partnership.
“In addition, RCI offers exciting technological resources and marketing advantages for us through its international vision, as well as having the largest possible exchange network of quality vacation resorts and destinations for our owners. We are very pleased to be working with them.”
Gordon Gurnik, president of RCI, agreed: “At RCI, we are very happy to be extending our long-standing relationship with the Karma Royal Group. John and his team have certainly been setting the bar for quality over the years, providing our members with fantastic vacation exchange options around the world from the Royal Goan Beach Club in India to The Alpen Club in Germany and the recent launch of a their new Chakra brand resorts.”
About the Karma Royal Group
Karma Royal Group is headed by Chairman and CEO, John Spence, Ernst & Young Entrepreneur of the Year, 2010. Karma Royal Group is comprised of Royal Resorts, Chakra Resorts, Karma Resorts, Beach Club International and Karma Spa and will undergo significant expansion to its global network in 2011/2012. This expansion includes the recent acquisition of a ski resort in Germany, The Alpen Club, development of Karma Bahamas on Little Harbour Island and land acquisition and development plans in Cuba, Brazil, Japan, India, Thailand, Indonesia, Europe, North America and the Caribbean. In 2012, the group will launch t Beach Clubs in Fiji and Bahamas, to add to the world renowned Nammos Beach Club at Karma Kandara. Karma Royal Group continues to set industry benchmarks with its passion and innovation in providing new products to engage its over 55,000 members and loyal clients throughout the world.
RCI is the worldwide leader in vacation exchange with over 4,000 affiliated resorts in approximately 100 countries. RCI pioneered the concept of vacation exchange in 1974, offering members increased flexibility and versatility with their vacation ownership experience. Today, through RCI(TM) Weeks, the traditional week-for-week exchange system, and RCI Points(TM), the industry’s first global points-based exchange system, RCI provides flexible vacation options to its approximately 3.7 million RCI subscribing members each year. RCI is part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (NYSE: WYN). For additional information visit our media center, rciaffiliates.com or The RCI Blog. RCI also can be found on Facebook, YouTube and Twitter.