Canada's Premiere Vacation Ownership Club Joins RCI's Worldwide Points Network
Geoholiday Vacation Club Joins RCI Points
PARSIPPANY, N.J. - October 11, 2001 - Resort Condominiums International, LLC (RCI) and The Geo Group, one of Canada's largest timeshare developers, today announced an agreement to affiliate GeoHoliday, The Geo Group's multi-destination points-based vacation club, with RCI Points, RCI's worldwide points-based exchange system.
An RCI affiliate since 1988, GeoHoliday is a timeshare vacation club in which consumers pay a one-time fee to purchase "credits" that are made available each year for a term of 45 years, as compared with traditional timeshare where consumers typically purchase deeded weeklong ownership interests in resorts. GeoHoliday credits can be redeemed each year for a variety of vacation choices providing consumers with tremendous flexibility in the selection of resorts, types of accommodations, time of year and length of stay within the GeoHoliday resort network.
Through this agreement, in addition to the many benefits offered by the GeoHoliday club, its members will now have the option to upgrade their external exchange service from RCI Weeks to RCI Points, and enjoy greater flexibility and an expanded selection of resorts, types of accommodations and length of stay. RCI Points can also be exchanged for airfare, rental cars, hotel stays, cruises, golf outings and European country cottages. Members of RCI Points who own at other resorts will now be able to use their points to vacation at some of The Geo Group's outstanding resorts, many of which have earned RCI Gold Crown status representing the highest in resort quality.
"Our mission, as Canada's premiere vacation ownership club, is always to strive to exceed our customers expectations," said Alex E. Burstein, CEO of The Geo Group. "We believe our GeoHoliday club members will be delighted with the added flexibility and products with RCI Points as our external exchange program."
"The Geo Group's beautiful resorts and world-class amenities will be immediately popular with RCI Points members," said Steven C. Marks, president, RCI Canada. "We are thrilled to be able to offer the only worldwide points-based exchange system to their club members."
Four RCI Gold Crown Resorts are included among the properties that The Geo Group currently provides its members: Scottsdale Camelback Resort, Scottsdale, Arizona; Club GeoPremiere, St. Hippolyte, Quebec; Grangefield Oasis Club, Mijas Costa, Spain; and Trenython Manor and Country Club, Cornwall, England. In addition, RCI Points has added two RCI Resorts of International Distinction: Guana Bay Beach, St. Marteen and Tahoe Summit Village, Lake Tahoe, Nevada. World-class GeoGroup resorts offered in other regions include: Turtle Reef Club, Jensen Beach, Florida; Wynnwood Townhomes, San Antonio, Texas; Pueblo Real, Costa Rica; Playa Suites, Acapulco, Mexico; Piramides Cancún Beach Resort, Cancún, Mexico; Hever Golf and Country Club Hotel, Kent, England; and Ubin Lagoon Resort, Singapore.
What sets GeoHoliday apart is its unique Holiday Credits System that successfully combines simplicity, flexibility, choice and value. The Club automatically deposits a pre-determined quantity of GeoHoliday Credits into the member's account each year (based on the level of membership purchased). The member then simply withdraws the quantity of credits required to access the vacations they desire. The credit values assigned to each vacation experience are all pre-determined by the elected and appointed member's committee and are based on the size of accommodations they request, the location of the property and the seasonal demand for the accommodations.
About The Geo Group
The Geo Group of Companies is a multi-faceted organization dedicated to providing a comprehensive range of products and services to its international consumer base. Primarily involved in the development, management and sale of leisure products and properties, 17 years of award-winning success have encouraged The Geo Group to continue its expansion into finance, marketing infrastructures and international trade sectors.
Geo was one of the first organizations in the world to embrace the 'vacation club' system and is widely recognized as one of the leaders in the global vacation ownership industry. The Geo Group and its marketing partners have successfully introduced over 10,000 member families to its program and now facilitates over 50,000 vacations per year. All Geo members' vacations are custom-designed and personally arranged by a team of professional vacation counselors utilizing the industry's most sophisticated computer network.
About RCI
Resort Condominiums International, LLC (RCI) is the world's leading global provider of products and services to the timeshare industry, with more than 3,700 affiliated resorts in 100 countries. In pursuit of its mission to be the market maker in global travel and leisure, RCI offers the world's leading timeshare exchange services through RCI Points, the first worldwide points-based exchange system, and RCI Weeks, RCI's traditional week-for-week exchange system. Last year, more than 2 million exchanges were confirmed through RCI, sending an estimated 7.5 million people on vacation. RCI provides integrated timeshare solutions in addition to exchange through RCI Market Links, including consulting, travel agency and technological support. To learn more, please visit our Web site at .
RCI is owned by Cendant Corporation CD, a global provider of business and consumer services.
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Media Contact: Inna Shamis
973-496-7021
Inna Shamis
Manager, External Communications
973-496-7021
