Extension of affiliation agreement reaffirms leading European resort developer’s long-standing relationship with vacation exchange leader
Kettering, Northampton, U.K. (November 22, 2012) — Holiday Club Resorts has signed a new agreement with RCI, the global leader in vacation exchange.
The Finland-based developer is the largest European timeshare developer, with resorts in Finland, Sweden, mainland Spain and Gran Canaria. The new affiliation agreement brings Holiday Club Resorts and RCI together for a new term, with 36 existing Holiday Club Resorts properties continuing to be a part of RCI’s affiliation network.
Vesa Tengman, chief executive, Holiday Club Resorts, said, “We have had a long, beneficial relationship with RCI, and given the value of the exchange product to our owners, we are pleased to have re-confirmed our business relationship for future years.
“We have undergone some important changes in our business in recent years – entering new markets such as the Canary Islands. We look forward to taking our business to the next stage with RCI’s exchange network being a key element of our product offering,” Tengman continued.
Dimitris Manikis, vice president, RCI Business Development, Europe, Middle East and Africa, said, “We value our relationship with Holiday Club Resorts and this agreement means we will support them into the future, as this excellent business continues to grow. Holiday Club Resorts is a leader in the European timeshare marketplace and we’re delighted they have chosen to continue to strengthen their business with us.”
Holiday Club Resorts, originally known as Suomen Lomapörssi, affiliated its first timeshare resort, Punkaharju, with RCI in 1989.
About Holiday Club Resorts
With a mission to create dream holidays, Holiday Club Resorts was established in 1986 under the name Suomen Lomapörssi before changing its name in 1998 to Holiday Club Finland Oy. It affiliated its first resort to RCI, Holiday Club Punkaharju in the south-east of Finland, in 1986. Holiday Club Resorts Oy owns 1,500 holiday homes in 32 destinations, including Finland, Gran Canaria, Sweden, and Spain. In March last year, Holiday Club Resorts Oy increased the number of spa hotels it owns, presently numbering seven spa hotels in Finland.
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® Weeks, the traditional week-for-week exchange system, and RCI Points®, the industry’s first global points-based exchange system, RCI provides flexible vacation options to its 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.