Hotel Online Special Report

RCI Releases 1998 Key Operating Statistics
INDIANAPOLIS, April 5, 1999 -  Resort Condominiums International LLC, the world's leading vacation-exchange company, today announced the release of its 1998 key operating statistics. The statistics confirm another record-breaking year of growth for RCI. Globally, RCI achieved increases over 1997 of six percent in resort affiliations and members and more than three percent growth in vacation exchanges. The company expanded its operations into new countries with the affiliation of its first resorts in Pakistan, Sri Lanka, the United Arab Emirates, Syria, Lebanon and El Salvador. In North America, RCI signed affiliation agreements with 80 new resort clients, the most ever in a single year.
RCI Global 1998 Key Operating Statistics
(Audited by Deloitte Touche LLP)
Exchanges 1,874,336 1,811,492
Members 2,522,182 2,379,145
Affiliated resorts 3,473 3,277

RCI 1998 Key Operating Statistics

John Russell, RCI president and CEO of global operations, says, "This year, as RCI celebrates its 25th anniversary, we feel a tremendous sense of accomplishment and pride.  RCI was incorporated in 1974.  In 1975, the company enrolled its first member and processed the industry's first vacation exchange.  Since then, every succeeding year in RCI's history has been better than the last in terms of steady, continued growth and international expansion."

RCI Regional Breakout
(Regional Statistics are Unaudited)
Asia-Pacific 151,667 318 59,144
Europe 801,026 1,291 664,064
Latin America 237,439 488 118,640
North America 1,332,050 1,376 1,032,488

RCI, celebrating its 25th anniversary in 1999, is the world's leading timeshare-exchange company with nearly 3,500 affiliated resorts in more than 90 countries. In 1998, RCI booked more than 1.8 million exchanges, sending more than 6.5 million people on vacation. As a single-source provider of integrated timeshare solutions, the company's services include feasibility analysis, market research, technological support and lead-generation strategies along with club development and operations. RCI is a subsidiary of Cendant Corp. (NYSE: CD).

Cendant Corporation is a global provider of consumer and business services. The Company operates in four principal divisions: Travel Related Services, Real Estate Related Services, Alliance Marketing Related Services and Other Consumer and Business Services. In Travel Related Services, Cendant is the leading franchiser of hotels and rental car agencies worldwide; the largest provider of vacation exchange services; and a leading fleet management company. In Real Estate Related Services, Cendant is the world's largest franchiser of residential real estate brokerage offices, a major provider of mortgage services to consumers and a global leader in corporate employee relocation. In Alliance Marketing Related Services, Cendant provides access to insurance, travel, shopping, auto, and other services, primarily through direct marketing to customers of its affinity partners. Other Consumer and Business Services include Jackson Hewitt, a leading tax preparation service franchise system in the US; NCP, the UK's largest private car park operator; and Green Flag, a leading motorist assistance group in the UK. Headquartered in New York, NY, the Company has more than 35,000 employees and operates in over 100 countries.

Elliot Bloom of Cendant, 
or Delores Wright of RCI, 
Web site:
Also See: Report: Over 80% of Timeshare Owners Satisfied with their Resort Purchase / Dec 1998 
New Study Illustrates Timeshare Industry Changes in Past Twenty Years / Nov 1998 

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