MIAMI, FL (March 29, 2011)–Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), is celebrating 35 years of leadership and innovation in the shared ownership industry. As a pioneer in the field, Interval helped advance legislation that established the foundation for the concept’s growth in markets around the globe and committed to quality in every aspect of its operations, including its unparalleled vacation exchange network.
Over the years, the company has created landmark products that came to be industry standards; steadfastly supported resort-developer clients in their sales and marketing efforts; and provided member families with high-touch service and effective programs designed to meet and exceed their expectations.
“It is a tremendous honor to have participated in leading the talented team at Interval to where we are now. And it is very exciting to have the opportunity to shape Interval’s future, so that we will continue to play an integral role in the achievements of our evolving industry,” said Craig M. Nash, chairman, president, and CEO of Interval Leisure Group. “We are pursuing a number of new initiatives that will enrich our consumer member benefits and further align our business with our valued clients, who have been such a tremendous part of our success.”
Interval has an impressive history of exchange industry “firsts” such as the first quality recognition program in 1982; a quality rating system developed in collaboration with Cornell University’s School of Hotel Administration in 1985; an enhanced membership program in 1987; a trial program for non-buyers in 1991; and the first exchange company presence on the Internet in 1995.
Today, Interval is part of a publicly traded company and boasts some 2,600 affiliated resorts in more than 75 countries. Approximately 2 million member families are enrolled in its various membership programs and hundreds of clients use its benefits and services.
Recent product launches include Interval PlatinumSM, the company’s ultimate membership level. Along with Interval Gold®, it expands the premium benefit offerings, making Interval’s membership options among the most comprehensive in shared ownership. Another enhancement to the company’s innovative product line-up is Club Interval GoldSM, a points-based exchange service for owners of fixed- or floating- week interests that combines all the membership benefits of Interval International and Interval Gold® and provides a more flexible vacation exchange option.
In addition to these milestones, the company has also been a proactive market-maker through the Shared Ownership Investment Conferences that it founded in 1998. Since the first events were held in the United States and the Caribbean, venues have been extended to Beijing, Budapest, Cape Town, Dubai, Durban, Johannesburg, Macau, and Shanghai, with Mumbai and Delhi scheduled later this year.
Nash concluded, “All of our dedicated employees look forward to exploring new avenues for innovation and continuing to set new standards for shared ownership.”
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 for 35 years. Today, Interval has an exchange network of approximately 2,600 resorts in over 75 nations. Through offices in 14 countries, Interval offers high-quality products and benefits to resort clients and approximately 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.
Chris Boesch, 305-666-1861 ext. 7267
SOURCE: Interval International