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Interval International

 
Hoover's Profile: Interval Leisure Group, Inc.
(NASDAQ (GS):IILG)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Interval Leisure Group, Inc.
6262 Sunset Dr.
Miami, FL 33143-4843
FL Tel. 305-666-1884
Toll Free 888-784-3447
Fax 305-667-0653

Type: Public
On the web: http://www.intervalleisuregroup.com/
Employees: 2,800
Employee growth: 0.0%

Your vacation time is worth something to Interval Leisure Group. The company is a leading timeshare exchange broker, offering services to nearly 2 million member property owners. Its exchange programs allow owners to trade their timeshare intervals for accommodations at other properties in its network of more than 2,400 resorts in approximately 80 countries. In addition, its Preferred Residences is a luxury branded membership program with Preferred Hotel Group. The company generates revenue primarily through membership fees. Interval Leisure Group (formerly Interval International) was previously a subsidiary of IAC/InterActiveCorp (IAC). In 2008 IAC spun off Interval, which became a separately listed entity.

Key numbers for fiscal year ending December, 2008:
Sales: $409.8M
One year growth: 13.7%
Net income: $45.3M
Income growth: (36.3%)

Officers:
Chairman, President, and CEO: Craig M. Nash
COO: Jeanette E. Marbert
CFO: William L. (Bill) Harvey

Competitors:
Group RCI
Marriott Vacation Club
Wyndham Vacation

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Wikipedia: Interval International
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Interval International (II) is a publicly traded company and former subsidiary of the corporation IAC/InterActiveCorp and is headquartered in Miami, Florida, USA. The CEO is Craig Nash.

Background

II is an affiliated exchange company that arranges vacation exchanges for timeshare owners. Their exchange network includes more than 2,200 resorts and nearly 2 million member families worldwide. Similar to RCI, Interval International, works directly with resorts in affiliate programs. If the owner of a timeshare unit at one of I.I.'s member resorts is in good financial standing with their resort then I.I. allows the owner to deposit their timeshare week(s), and exchange their week(s) with I.I.'s available inventory.

Typically, Interval International allows an owner to deposit their week(s) up to three(3) years before making a decision on where and/or when they would like to exchange for; this practice is sometimes referred to as " depositing your week(s)". It should be noted that timeshare owners may exchange their week(s) through Interval International for a different week(s) at their own resort. The practice of making these type of internal changes is less common than exchanging for week(s) at (an)other resort(s).

Interval International charges a fee for every transaction made through them. Interval International has member resorts on every continent except Antarctica.

Interval is best known for its affiliations with Marriott Vacation Club International, Four Seasons Residence Club, Starwood Vacation Club, and Westgate Resorts.

The biggest competitors for Interval are RCI, Resort Condominiums International and TPI, Trading Places International.

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Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Interval International" Read more