Tag Archives: Interval International

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Interval International's U.S. Members Traveling More for Leisure and Staying Longer According to Rec

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By Business Wirevia The Motley Fool

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Interval International’s U.S. Members Traveling More for Leisure and Staying Longer According to Recent Study

MIAMI–(BUSINESS WIRE)– Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (NAS: IILG) , today announced that its U.S.-resident members traveled approximately 24 nights per year for leisure purposes during the last 12 months, and report average annual household income of $121,550, more than twice the median household income according to the U.S. Census Bureau. Approximately one of four earns in excess of $150,000, reinforcing the affluent nature of Interval’s U.S. membership base. In addition, approximately 18 percent indicated that they are likely to purchase additional vacation time in the future.

These are some of the findings from the Interval International 2013 U.S. Membership Profile, which was prepared to assist Interval in developing benefits, products, and services. The observations from the online survey detailed in the report may also be useful to resort developers and prospective industry entrants in designing their products and sales and marketing strategies.

“We’re very pleased to share these positive results that are reflective of an improving U.S. economy. We’re seeing member income levels hold steady and an increase in the nights they’re traveling for leisure, and in length of stay,” said Bryan Ten Broek, Interval’s senior vice president of resort sales and business development for the U.S., Canada, and Caribbean. “It’s also interesting to note that today more than one-third of members own points-based products, which represents a significant increase in recent years.”

More than half (53.5%) of respondents own more than one week of shared vacation ownership time or its equivalent. Of those likely to purchase more vacation time, approximately one in three (33.2%) indicated that they would be most interested in buying in Florida. The next most desired states are Hawaii (26.5%) and California (20.8%).

Those wanting to purchase additional vacations remain most interested in the two-bedroom configuration, with nearly two-thirds (67.2 percent) citing that preference.

Other notable findings from the 2013 U.S. Membership Profile include:

  • Nearly two of three earn between $50,000 and $149,999 and nearly one in 10 earn more than $250,000 annually.
  • Leisure travel nights during the prior 12 months have increased from an average of 22 in 2011 to 24 in 2013. Approximately 65 percent of total annual leisure nights were domestic (15.9 nights) and 35 percent international (8.4 nights).

    • …read more

    Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Morritt's Tortuga Club in the Cayman Islands Selects Interval International as Its Vacation Services

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By Business Wirevia The Motley Fool

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Morritt’s Tortuga Club in the Cayman Islands Selects Interval International as Its Vacation Services Partner

MIAMI–(BUSINESS WIRE)– Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (NAS: IILG) , announced the addition of the award-winning Morritt’s Tortuga Club to its exchange network. Built by prominent developer David Morritt, the vacation ownership resort is located in the exclusive East End of Grand Cayman.

“David’s many accomplishments during his more than 25-year career extend beyond the shared ownership industry. He has been integral to the development of tourism in the Cayman Islands and has brought thousands of visitors annually to the destination,” said Craig M. Nash, chairman, president, and CEO of Interval Leisure Group. “We are proud to be working with him and to add Morritt’s Tortuga Club to our global resort network.”

“Our team strives to continually enhance the product we offer our existing and future owners. We have chosen to affiliate with Interval because it is equally committed to the same pursuit of excellence,” noted Morritt, CEO of Morritt Properties Cayman Ltd. “We are confident that the company’s outstanding leisure benefits and services will complement our quality product and will help deliver on the promise of exceeding expectations.”

Morritt’s Tortuga Club combines a welcoming ambiance with upscale accommodations and outstanding customer care. The property includes 131 existing units that offer colorful living and dining areas, fully equipped kitchens, and balconies that overlook an expansive white-sand beach. Twenty new luxury suites are currently under construction, which, in addition to spacious interiors will feature a sophisticated decor with elegant finishes and state-of-the-art conveniences.

The resort offers an abundance of amenities and services, including two restaurants, fitness center, full-service spa, housekeeping, oceanfront infinity swimming pool with swim-up bar, and two other pools. Among the many on-site leisure activities available to guests are wave runner, sailboat, and kayak rentals, scuba diving, full- and half-day snorkeling trips, and boat excursions.

Vacation owners will be enrolled as individual members of Interval International, entitling them to a host of year-round benefits, including the opportunity to redeem their points for stays at other resorts in Interval’s global network. Morritt’s Tortuga Club members will also become Interval Gold® members, and enjoy a number of upgraded benefits such as discounts on Getaway vacation rentals, ShortStay Exchange®, a personal concierge service available 24/7 via phone and e-mail, Hertz Gold Plus Rewards® membership and benefits, and special offers at hotels, restaurants, and retail outlets worldwide.

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Source: FULL ARTICLE at DailyFinance

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Interval International Welcomes Fun Club Mauritius to Its Global Vacation Exchange Network

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By Business Wirevia The Motley Fool

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Interval International Welcomes Fun Club Mauritius to Its Global Vacation Exchange Network

LONDON–(BUSINESS WIRE)– Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (NAS: IILG) , announced the affiliation of Fun Club Mauritius. The shared ownership apartments are within Plage Bleu, a gated beachfront development close to Grand Baie, a popular tourist centre on the island of Mauritius.

“This property is a tranquil alternative to larger resorts in the area, yet it’s only a short walk to some of the island’s best swimming beaches along Trou aux Biches and a short drive to shops and nightlife in Grand Baie,” said Darren Ettridge, Interval’s senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia.

The open-plan units at Fun Club Mauritius include 10 apartments, two penthouses, and two villas. The apartments have a private lawn or large balcony with barbecue and outdoor seating. Furnished to a high standard, the air-conditioned units have full kitchens and laundry facilities. En suite amenities include flat screen TVs with cable service, DVD player, and iPod docking station.

The resort’s manicured grounds surround a large swimming pool with shaded loungers. Guests also enjoy housekeeping and concierge services, and complimentary Wi-Fi. Just across the road, cars or scooters are available for visitors who would like to tour the island.

Renowned for its tropical beauty and moderate climate, with year-round temperatures ranging from 22 to 300C (72 to 860F), Mauritius is a popular vacation and honeymoon destination for Europeans because no entry visa is required.

“Our goal was to create a private and tranquil home from home experience for families on vacation,” said Mahendra Ghumundee, CEO of Fun Club Mauritius. “We are proud to partner with Interval International and confident that members who visit us on exchange will have memorable stays.”

Mauritius is approximately 1,200 miles off the south eastern coast of Africa and is served by major airlines, including daily flights from Johannesburg. The resort is a 50-minute drive from the International Airport Plaisance SS Ramgoolan.

About Interval International

Interval International operates membership programmes 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 …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Interval International Releases Findings on the Shared Ownership Market in Brazil

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By Business Wirevia The Motley Fool

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Interval International Releases Findings on the Shared Ownership Market in Brazil

MIAMI–(BUSINESS WIRE)– Active leisure travelers in Brazil seek alternative accommodations to traditional resorts, hotels or motels, according to research commissioned by Interval International, a prominent worldwide provider of vacation services. In fact, more than nine in 10 respondents who have vacationed in condominium-style accommodations report an interest in staying in such accommodations during the next two years. Nearly four in 10 state that they are interested in purchasing shared resort real estate, including timeshare or fractional product, in the same time period.

These are some of the insights of the Shared Ownership 2012: A Market Perspective – Brazil Edition produced exclusively for Interval by Ipsos Reid LP, one of the world’s leading survey-based market research firms. The study provides in-depth information about the demographic characteristics, vacation preferences, and product perceptions of leisure travelers who reside in Brazil.

“This report should be of particular value to resort developers and marketers, as well as those considering entrance into the industry, to understand the behavior of the prospective purchasing group in Brazil,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “The desire to stay in condominium-style accommodations and own vacation real estate illustrates how shared ownership resort products are well positioned to serve the needs of these consumers.”

“The results of the study validate the opportunities for shared ownership in this market,” noted David Pierzchala, senior vice president of Ipsos Reid. “The report also provides a richness of demographic and behavioral data among Brazil‘s leisure travelers.”

Notable Findings

  • More than half of leisure travelers residing in Brazil are married (55%), between 35 and 54 years of age, and live in households with slightly more than three persons.
  • More than 8 in 10 (84%) prospective owners of vacation time cite the ability to bring their families together to share rest and relaxation as the most appealing attribute of shared ownership.
  • More than four in 10 (44%) report that the two-bedroom unit configuration is the unit size most preferred when considering the purchase of a shared ownership product.
  • Respondents report that …read more
    Source: FULL ARTICLE at DailyFinance