Interval International
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.
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[edit] 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)". 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 Resort Condominiums International, Trading Places International and Platinum Interchange.
II was acquired by USA Interactive in 2002[1], paid out on an all cash basis.
[edit] Lawsuits
Interval International filed an industrial espionage lawsuit against Network One, a competitor, winning every motion.[2]
[edit] References
[edit] External links
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