MIAMI, FL (April 3, 2014) — Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), has announced the renewal of its affiliation agreement with Marriott Vacations Worldwide Corporation, a leading global pure-play vacation ownership company (NYSE: VAC). The multi-year contract extends the relationship established in 1990 and includes 53 shared ownership properties, as well as future resorts.
“For more than 20 years, Interval has been proud to partner with such a well-respected industry leader,” said Craig M. Nash, chairman, president, and CEO of Interval Leisure Group. “We appreciate the ongoing opportunity to provide Marriott Vacation Club owners with our valuable benefits and innovative technology, and to further our longstanding corporate relationship.”
Marriott Vacation Club owners will continue to enjoy an array of leisure products and programs. These include internal and external vacation exchange services, offering the option of trading their accommodations for a resort within the Marriott Vacation Club portfolio or to one of hundreds of resorts in Interval’s worldwide network. In turn, other Interval members have the ability to exchange into Marriott Vacation Club’s beach, ski, golf, and spa resorts throughout the United States, the Caribbean, Europe, and Asia.
Stephen P. Weisz, president and CEO of Marriott Vacations Worldwide, added, “We know that we can count on Interval to continually enhance the high-quality services the company provides to our owners and members. Our mission is to consistently exceed expectations, and Interval’s commitment to achieving this is equally unmatched.”
Marriott Vacation Club has more than 415,000 owner families and its resort portfolio extends to 33 internationally recognized vacation destinations. From its beginning as the first hospitality firm to enter vacation ownership, Marriott’s innovations have had a tremendous impact on shaping the industry. This year, the company is celebrating its 30th anniversary of providing exceptional experiences to millions of vacationers.
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.
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global pure-play vacation ownership company. In late 2011, Marriott Vacations Worldwide was established as an independent, public company focusing primarily on vacation ownership experiences. Since entering the industry in 1984 as part of Marriott International, Inc., the company earned its position as a leader and innovator in vacation ownership products. The company preserves high standards of excellence in serving its customers, investors and associates while maintaining a long-term relationship with Marriott International. Marriott Vacations Worldwide offers a diverse portfolio of quality products, programs and management expertise with more than 60 resorts and approximately 420,000 Owners and Members. Its brands include: Marriott Vacation Club, The Ritz-Carlton Destination Club and Grand Residences by Marriott. For more information, please visit www.marriottvacationsworldwide.com.