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Timeshare History Part 2

Phase 2: Timeshare and Telemarketing

Eventually, word escaped that going to timeshare presentations was the worst experience you could ever have and would definitely ruin your vacation. This became the predominant mindset for travelers. Regardless of whether they had ever seen a timeshare resort or presentation, they wanted nothing to do with it. During the spreading of negative sentiment about timeshare, something else was happening…the people who bought timeshare were using it and loving it!

Since travelers were starting to get stories from many sources all warning them to beware of well dressed people bearing gifts in exotic locals, the OPC movement slowed, which in turn forced the timeshare marketing minds to think outside the box. This lead to the development of the timeshare telemarketing craze.

Although OPC programs continued to have success in tour numbers, the rate at which those prospects actually purchased timeshare decreased dramatically. What seemed to be happening was the prospects were becoming savvier and knew what to expect from the presentation. They were happy to endure the 2 hours if the incentive was strong enough. They also had no intention of buying and since they knew they would be treated poorly when they said no, they were okay with the abuse. The sales process needed a major innovation and that is exactly what happened. The developers decided that they didn’t need to wait for you to go on vacation, they would call you in your own home and invite you to visit their office to pick up the “prizes that you won in our drawing” and while you are here we would love to show you a quick presentation on a new idea called “vacation ownership”. This accomplished two tasks: It got the prospect into the office by a means they weren’t expecting, because it was new and secondly it took their guard down because it wasn’t timeshare, it was “Vacation Ownership”. This put the machine back in action and the efficiencies soared once again.

Timeshare telemarketing has two basic models, the local program or Day Drive and the Mini Vacation. The local program is a twist on the OPC program. Local Program or Day Drive programs are designed to have qualified prospects visit a preview sales office in their city of residence. These sales offices are equipped and furnished with models of the suites and fantastic pictures of the beautiful locals in which their resorts are located. The program works almost exactly the same as the OPC program; the prospect is enticed to look at a 90-minute timeshare presentation, with a variety of fantastic gifts ranging from dinner for two to a Caribbean cruise. The major differences between the OPC marketing program and the day Drive Program are location and method of contact.

Next came the Mini Vacation programs. These evolved from the wish of patrons to be able to actually visit the destinations that they would be purchasing in. One the reasons given to the sales force at the day drive offices for not buying was that the client wanted to try it before they buy it. This sentiment lead to a whole new telemarketing approach. Phone rooms starting calling people who had already toured with the given developer and offering them a small getaway in a popular destination at a greatly reduced price, sometimes even free. In exchange for this fantastic deal, as always, the client agreed to take a 90-minute timeshare tour while on vacation. This movement embraced the best of both worlds. The efficiency of the early OPC programs, because the client is on vacation already and they are very aware that they will be viewing a vacation program while they are there. It also encompassed the tour volume of the day drive programs because the developer didn’t have to wait the prospective timeshare owner to happen upon them while on vacation, they just called them in their
homes and made them a vacation offer that they could not refuse. These getaways would commonly be a 3-day stay in Las Vegas with dinner and show for 2, total price $49. Another common offer would be 3 nights in Orlando with 4 tickets to Walt Disney World, total price $99. As anyone can plainly see, these offers were hard to say no to so the Mini Vacation programs experienced wild success through out the 1990’s and early 2000’s. Like everything in life, a good thing is never good enough until someone takes it too far… Which lead to the dreaded DNC the Federal Do Not Call Registry.

Read part 3 of Timeshare History Timeshare: Today and Beyond

All About Timeshare Section 2

What are RCI and Interval International?

Resort Condominiums International (R.C.I.) and Interval International (I.I.) are the two largest competing Timeshare Exchange companies. These companies were designed to assist Timeshare owners in exchanging their property with other Timeshare owners in other destinations.

How do Timeshare Exchange programs work?

Timeshare Exchange Companies charge members various fees to belong to a program designed to take members weeks or points and exchange them for the destination designated by that owner. Members do not have to own at the same resort or even in the same country. These Timeshare Exchange programs were the catalyst to the Timeshare boom. By allowing owners more flexibility in where and when they can travel, the prospect of Owning Timeshare became far more appealing than having to vacation at the same Timeshare Resort, in
the same location, every year.

Do Timeshare purchases require a deed to be transferred to the purchaser?

No. In fact, many timeshare transactions will not include the transfer of a deeded piece of real estate. Many Timeshare companies offer to lease time to the consumer. These lease time can range anywhere from 5 to 75 years. While still considered a real estate transaction, a lease does not entitle the purchaser to actual ownership of the physical property. However, this does not preclude the purchaser of a leased property from all of the benefits a deeded owner receives. They are still able to vacation in the same comfort, quality, and style that a deeded owner can.

Who governs Timeshare regulations?

The governing body of Timeshare can vary from state to state, country to country. Usually, the same body that governs real estate governs Timeshare regulations as well. However, this is not always the case. Many states have not incorporated Timeshare into the regulatory process. Hence, laws will not be as restrictive over the material presented in the sales process. This lack of constraint and parameter as to what can be said, or implied, leaves the presentation open to interpretation. Consequently, the representative is able to “freestyle” or “puff” the features and value, potentially leaving the consumer with erroneous impressions of how Timeshare will benefit their family.

What are rescission rights and how do they work?

Rescission rights allow a purchaser to return the product they recently purchased and receive a refund. In Timeshare, the rescission period varies state to state. For example, Florida properties have a 10 day right of rescission, while Nevada properties are 5 days. Refunds are usually limited to the down payment made for the property. Document and processing fees are rarely returned to the prospective Timeshare purchaser.

Timeshare Auctions

Timeshare Auction- The Next Logical Step

The Timeshare Auction has become an incredibly popular as a way of purchasing Timeshare.
This should come as no surprise. With giant auction sites like Ebay leading the way in the sale of everything from comic books to classic cars it was only a matter of time before someone decide to auction off their timeshare unit, Vacation ownership points or fractional ownership interest. At any given moment there are thousands of timeshare units and timeshare weeks as well and millions of RCI Points for sale and auction on Ebay. Destinations ranging from right next door like Branson Missouri timeshare or Myrtle Beach timeshare, to the timeshare hotspots like Las Vegas Timeshare, Hawaii Timeshare and Orlando Timeshare. Even exotic timeshare locations are included, like timeshares in Africa, timeshares in Europe, or even timeshares in Tahiti.  Any timeshare destination you can imagine is available on these timeshare auctions.  Obviously the reason that the timeshare owners are here trying to sell their vacation property is because Ebay averages billions of page views per month.  People looking to buy timeshare are there for the same reason as everyone else…why pay retail!

As we have discussed many times, the world of timeshare ownership is filled with only two kinds of people.  The first is timeshare owner who loves their timeshare and would like to own more.  The next is the timeshare owner who wishes they had never accepted the free show tickets and would do almost anything to get rid of these maintenance fees, even sell their unit for pennies on the dollar.  Both of these types of vacation ownership owners and prospect can be found in droves on Ebay.

Timeshare Auction Sites

The Timeshare Auction has become such a driver in the world of Timeshare Resale that there are now entire auction sites dedicated to timeshare auctions.  Bidshares.com is one of the most prominent Timeshare auction site on the web.  Their tagline is “The Free Timeshare Auction”. It may be free to use but in the high revenue world of vacation ownership and timeshare, you can bet that they are making a little bit of money in this virtual Wall Street of Timeshare Ownership. Other visible timeshare auction sites include: Bidfortimeshares.com, Timesharesforauction.com and Timeshareauction.com

The timeshare auction is really the perfect storm whether you are looking to buy timeshare or sell timeshare.  It is really the only place where you can browse different programs with all of their many ins and outs and bells and whistles, in the same place at the same time. You have the luxury of reviewing hundreds of different plans all at once and decide what really suites your vacation lifestyle.You also get to avoid the pushy salesman who will try to show you only what fits his or her own best interest.  Once you have perused the timeshare programs and decided on the one you like, you get to communicate directly with the seller and negotiate a price that works.




Why Would I Buy Timeshare Any Other Way?

As utopian as this arrangement sounds, it is not without its flaws.  Firstly for the seller, you have to accept that will be getting a lot less than you paid for your vacation property.  However, if you are not using it anyway, anything is better than nothing and you get to stop paying wasted maintenance fees.  The buyer is the one taking the real risk when buying timeshare in a timeshare auction.  The timeshare industry as a whole and timeshare developers specifically are scrutinized very closely buy a governing body. This was put in place for the sole purpose of protecting timeshare buyers from unscrupulous sales practices. Because of this, if you buy timeshare from a reputable Timeshare Developer, listen closely and ask the correct questions, you can rest assured that you will get the correct information on the timeshare property that you are purchasing and you will receive full disclosure on what your obligations are. Since timeshare auctions are, for the most part, private sales from person to person, they are not scrutinized nearly as much or regulated as fiercely.  This leaves the buyer very vulnerable to purchasing timeshare without the proper background information.  It must be noted that the person you are buy timeshare from doesn’t want it so it is in their best interest to tell you what you want to hear.  The private seller may not be as skilled and the smooth timeshare salesperson but the are just as motivated.

Want to Test out a timeshare vacation ? find out how.

Are Auctions the Best Way to Buy Timeshare?

The moral here is that there really is no right or wrong way to purchase timeshare and vacation ownership. If your primary goal is to get a good deal, a timeshare auction may be the perfect way for you to purchase the timeshare of your dreams.  If it is full disclosure a professional environment and the security of knowing that the person you are talking to is legally required to tell you the truth than maybe you should buy directly from the timeshare developer.

Disney Vacation Club

Disney Timeshare? Why Not!

Walt Disney and all that it encompasses; Disneyland, Walt Disney World, Euro Disney, Disney Cruises and all the various Disney Media outlets, has a very simple formula for success. Build it big, make it 100% family friendly, make it colourful and make it themed (of course you have to have a cartoon mouse). The results speak themselves, if you build, they will come! Disney timeshare falls right in line like a good soldier.

The Disney Timeshare program is called “Disney Vacation Club”. The Program consists of eight high-end condo style resorts. When it comes to deciding on where to built you multi-million dollar vacation ownership complex, picking a location is probably the most important decision you have to make. So, it is no surprise that when Disney decided to jump into the timeshare market in the late nineties, they took this decision very seriously. After about 7 seconds of deliberation, some genius decided the state the obvious. Orlando Timeshare Developers have been selling millions of unit for years based on the premise that their resort was inclose proximity to WALT DISNEY WORLD. Disney, being very good at just about everything, decided to build seven of their eight timeshare resorts within close proximity to the center of the Timeshare universe, Orlando Florida. With the only exception being Disney’s Hilton Head Island Resort, I guess that they finally conceded the point there might be someone, somewhere in the developed world who might want to go somewhere besides the Magic Kingdom for vacation.

Want to Test out a timeshare vacation ? Click here to find out how.

Disney’s Animal Kingdom Villas

This is Disney Vacation Club’s newest addition to the Timeshare Industry. This African Savannah Theme resort has almost 500 units in 2 separate buildings. The first phase of this, the eighth resort in the DVC family and the fifth located in the Walt Disney World Resort opened officially in the summer of 2007. The first phase was actually a sampling of remodelled rooms from the already existent Disney’s Animal Kingdom Lodge. The next phase is a purpose built, timeshare super resort that will be available in 2009. The resort features several restaurants and lounges as well as a world class fitness center. The real show pieces however, are Samawati Springs Pool – a 4,700-square-foot pool with slide and two whirlpool spas and Uwanja Camp – a 4,200-square-foot interactive water-play area. Who needs Mickey Mouse?!

Learn More about this resort

Disney’s Animal Kingdom Villas

Disney’s Saratoga Springs Resort & Spa

Although this will surely change in the near future, currently this is the largest of the Disney Timeshare Resorts. It boasts over 800 units and more than 1200 guest rooms on its 65 acre property. Disney’s Saratoga Springs Resort and Spa lies on what was once the Disney Institute and although it is not actually on the grounds of the Magic Kingdom, it is just a short shuttle ride away. In keeping with the Disney tradition of everything needs a theme, this timeshare resort does not dissapoint. It is theme to pay tribute to an 19th century Victorian resort from the north east. To maintain the integrity of the theme, this Disney timeshare resort was actually designed by Graham Gund Architects of Cambridge, MA.

Learn More about this resort

Disney’s Saratoga Springs Resort & Spa

Disney’s Hilton Head Island Resort

This is the only Timeshare resort in the Disney Vacation Club portfolio that is not located in the orbit of the Magic Kingdom. It is located on a secluded 15 acre private island in Hilton Head South Carolina. This is one of the earlier timeshare resorts produced by Disney, opening its doors in the spring of 1996. It is it themed to pay tribute to an past generation, hunting or fishing lodge. Although it is far more elaborate than any lodge I have ever spent time in. The rooms are large, immaculately clean and contain full kitchens and beautiful balconies. Although there is not a full service restaurant on the grounds, there are several places to grab a bite and there is never a shortage of things to do, swimming pool & pool games, crabbing, art, bicycing, kayaking and the Hilton Head staple, tennis.

Learn More about this resort

Disney’s Hilton Head Island Resort

But Wait, there’s more

The resorts that round out the rest of the Disney Vacation Club network are also very nice. Disney doesn’t do anything halfway.

The Villas at Disney’s Wilderness Lodge

Disney’s BoardWalk Villas

Disney’s Beach Club Villas

Disney’s Old Key West Resort

Disney’s Vero Beach Resort

If you are thinking about timeshare and you have children or you are just a kid at heart. If visiting any of the Disney Corportions many themed attractions is your idea of the perfect vacation. If you know all the words to “The jungle Books” Bear necessities, Or, if you just love the idea of bright colors. Then you really should check out the Disney Vacation Club. It is how Disney does Timeshare.

Want to Test out a timeshare vacation ? Click here to find out how.

Consolidated Resorts

Consolidated Timeshares Basics

Consolidated Resorts has over twenty-five years of experience in the timeshare and vacation ownership industry and was the first developer to obtain a timeshare registration in Hawaii. Consolidated currently operates nine resorts in Hawaii and has two resorts in Las Vegas with a third set to open in the first quarter of 2006. Owners at Consolidated properties are able to enjoy the comforts of home on vacation and can also exchange their time for accommodations at over 1,900 resorts worldwide or for a cruise through Interval International.

Consolidated Hawaii Resorts

For many people, Hawaii is at the top of the list of dream vacation destinations and Consolidated is well-positioned with nine resorts in the Hawaiian Islands. All of the resorts offer a full range of amenities in the accommodations and the resort grounds. The bulk of its Hawaiian resorts are in the lush paradise of Maui. In this high-demand area, Consolidated offers the Maui Beach Vacation Club and Maui Banyan Vacation Club in Kihei and in the resort community of Kapalua The Gardens at West Maui. On the northwest coast of Maui, Consolidated provides four properties in the spectacular beach area of Kahana. The Sands of Kahana Vacation Club, Kahana Beach Vacation Club, Hono Koa Vacation Club and Kahana Villa Vacation Club are ideally located in this tropical haven. These resorts provide an ideal location for vacationers interested in relaxing on the idyllic beaches, snorkeling or scuba diving, golfing amidst spectacular scenery, exploring the area’s shopping, museums, galleries or just soaking in the natural beauty of this world-renowned retreat. The company also operates the Imperial Hawaii Vacation Club – Imperial Hawaii Resort in Waikiki on Oahu and visitors will find it accessible to the shopping, live entertainment and attractions of the Waikiki area. The Kona Islander Vacation Club on the Big Island of Hawaii is in the center of the historic village of Kona and offers a full range of vacation activities as well as many opportunities to explore the traditional culture of Hawaii.

Consolidated Resorts Tidbits A successful vacation exchange is heavily dependent on the demand for the deposited destination and Consolidated has done a commendable job of locating its resorts in highly desirable areas that provide an outstanding trade value for its owners.

Consolidated Las Vegas Resorts

The popularity of Las Vegas as a vacation destination has steadily increased since the mid 1980’s and Consolidated Resorts recognized the outstanding potential for quality vacation ownership in this unique destination that attracts visitors from around the world. In the late 1990’s, Consolidated unveiled its first venture in Las Vegas with the French –Mediterranean-themed Club de Soleil on Tropicana Avenue. This resort offers studio, one bedroom, and two bedroom lock-off accommodations and the location provides a comfortable respite from the high energy of the Las Vegas Strip. Swimming pools, exercise rooms, whirlpools, putting greens and a lighted tennis court provide a satisfying vacation experience and the resort offers complimentary shuttle service to the Strip. Consolidated’s second Las Vegas resort on Tropicana Avenue abandoned the European style of its predecessor. The Polynesian-themed Tahiti is framed with spectacular palm trees and has two sand-beach swimming pools and a waterfall whirlpool. The spacious pool area offers thatched roof cabanas and is encircled by the resort’s buildings to enhance the feeling of being on an island retreat. This resort has a full range of accommodations and also provides complimentary shuttle service to the casinos on the Las Vegas Strip. Club de Soleil and Tahiti have both been earned the distinction of being awarded Five Star Resort status from Interval International.

Consolidated Resorts newest undertaking in Las Vegas is Tahiti Village, a master planned resort located directly on the Las Vegas Strip. Currently under construction, this 27-acre property is slated to boast 1,046 two-bedroom lock-off units and Consolidated has made it clear they intend to take the front position in this booming market. Room amenities are scheduled to include luxurious flooring, granite countertops, washers and dryers, plasma screen television, DVD, whirlpool tubs and steam showers. Consolidated seems intent on delivering a world-class resort vacation experience in Las Vegas – even if you don’t leave the property during your stay. The grounds promise to offer high-end landscaping touches to compliment the surroundings and the on-site amenities list is impressive. The main pool will be in the vicinity of 10,000 square feet and will have a sand-beach entry. There will be additional smaller pools and a lazy river water feature. Hot tubs, cabanas, a sand beach volleyball court, fitness center and a 24-hour restaurant are some of the features of this tropical-themed resort. Phase I of Tahiti Village is scheduled to open by May of 2006 and from all reports response to the property has been extremely positive and sales are moving at a brisk pace.

Signs of a Good Opportunity for Timeshare Deals

If you’re looking for bargain in the timeshare market, you might want to stay away from the developer. Buying timeshare resale is often your best bet. In the market their are thousands of timeshare owners who are not using the timeshare that they own to the extent they would like and would love to sell their timeshare on the resale market. If you want to make sure that you get all of the information before you buy and you would feel better buying from an established timeshare resort developer, you can often find good value in new
timeshares that are located in destinations that have certain characteristics.

Signs That You Might Get a Good Timeshare Deal

• The timeshare industry is just getting off the ground in a particular location.
• The timeshare resort is located in an off-the-beaten-path spot where demand is not yet high.
• The company is looking to sell timeshare in a place with a glut of timeshare offerings such as Cancun, Orlando and Las Vegas.
• The location has advantageous exchange rates, lower land costs, and/or low property taxes.

Truthfully though, in the world of timeshare sales, getting “good value” is mostly about what matters to you. For many consumers, it may mean a $60,000 three-bedroom condo used during Christmas week (high season) in Aspen, Colorado. For others, it may mean a week in a $10,000 two-bedroom condo in the middle of Ontario Canada in October Good value has more to do with what you intend to do with your timeshare than with the price you pay.

Highly Available Timeshare Destinations

If you are in the market for destinations where great deals are still available, check out:

South Africa

Beaches on the Florida Panhandle

South Carolina inland

Northern States (during nonski season)

Cancun

Fun for the whole family

Orlando, Florida, leads the list of family oriented vacation destinations for the obvious reasons and the sheer number of things to do with the family while on vacation. There are approximately 90 timeshare resorts within the Orlando area. California beach areas are becoming extremely popular with families as well. Hilton Head Island, Palm Springs and Clearwater are less popular with families and more popular among adults, especially adults who golf.

Snow Birds and Empty Nesters
Although very rarely does anyone actually use their timeshare for strictly retirement living, an increasing number of consumers are able to vacation more in their retirement, particularly if they they are part of the trend to purchase their timeshare when they’re still working, when they can more easily afford the payments. Most retirees are looking for quiet, less crowded destinations, like the little cozy cabins found in Sedona Arizona and the Wisconsin Dells. Beach Front condos in low season are also a popular choice among retirees. Some of the most popular choices for retirees include, Arizona, Florida, Upper Midwest (Branson MO, wisconson Dells, Minnesota) and Canada but never during ski season.

Timeshare Exchange Programs

The Key Ingredient in the Explosion of the Timeshare Industry

Interval International
Interval international or II is a Timeshare Exchange Company owned by the same company that owns the Internet search engine Ask.com. There timeshare exchange program o very similar to RCI and they are really the only other player any substance in this space. The II  exchange program includes more than 2,000 resorts and almost 2 million timeshare owners worldwide. Similar to RCI, Interval International, works in conjunction with vacation ownership resorts in affiliate programs. If the owner of a timeshare at one of I.I.’s network of resorts wants to vacation elsewhere I.I. allows the owner to exchange their timeshare week or weeks, with any of Interval International’s available inventory. For more information on Interval international or their Vacation ownership resort visit www.intervalworld.com

Timeshare Resale

Since the Beginning of Timeshares…

The Advantages of Renting Resale

Renting timeshare property from an existing owner is good for those who want to try out the timeshare lifestyle before jumping in. Timeshare rentals are also available for discounted prices and usually lower than buying one, for obvious reasons. Rentals allow you to not only see how you like vacation ownership, but also how you like the destination you picked. Timeshares for rent can usually be found the same way standard timeshare resales can.

How to Find Resale

When purchasing conventional timeshare property you may go to an actual resort presentation, or see an advertisement that informs of the opportunity inherent in timesharing. With resales, however, the best way to discover the myriad options at your fingertips is by browsing a resale website. Sites such as Sell My Timeshare Now have a seemingly endless list of properties all around the world. One of the reasons that prices are often 30-60% below resort costs, and sometimes more, is because with sites like this the cost of advertising resale property is so low. Inevitably, some vacationers get into something they are not completely sure about and wind up with a timeshare they don’t use, or doesn’t fit their lifestyle. Sell My Timeshare Now co-owner, Jason Tremblay, has constructed a safe and reliable way for owners to expose their property to millions of interested potential buyers. Because timeshare resales are becoming so popular, finding the property in the location you desire is a simple task. However, it is still important to do some research before buying so that you know exactly what you want and what you are getting.

Fairfield Resorts

Fairfield Reaches Half Million Owners

FAIRFIELD CELBRATES MAJOR MILESTONE REACHING 500,000 OWNERS. -Fairfield becomes industry’s first to reach the half-million mark.

ORLANDO, Fla. – May 25, 2005 – Thirty-nine years after opening its first sales office in a tiny, converted gas station in Arkansas, Fairfield Resorts, Inc. today joins its more than a half-million owners in celebrating an industry milestone – as the first vacation ownership company to reach the 500,000 owners mark.

Fairfield officially eclipsed 500,000 owners in late April, and continues to boast more owners than anyone in the industry worldwide. The company will commemorate the milestone with celebrations among its owners, employees, sales centers and more than 70 resorts throughout North America for the remainder of the year.

“Reaching 500,000 owners is a tremendous accomplishment and one we’re all extremely proud of,” said Franz S. Hanning, president and CEO, Fairfield Resorts, a division of Cendant Timeshare Resort Group. “It’s a testament to our dedicated employees who always strive to provide world-class service – and it’s certainly a tribute to our loyal owners, Fairfield’s beautiful resorts and the memorable vacation experiences we provide every day.”

Fairfield Resorts has come a long way since first opening its doors in 1966, when the fledgling company’s sales offices operated in that gas station in Fairfield Bay, Ark. Back then, Fairfield’s only development was a single, 14,000-acre master-planned resort community in the middle of the Ozark Mountains. Today, Fairfield owners enjoy vacationing at a growing portfolio of resorts that reaches across 21 states and U.S. territories.

“It’s amazing to think of how much we’ve grown over the years to become the largest vacation ownership company in the world,” said Hanning, who first joined Fairfield as a sales professional in 1982 and has been the company’s president and CEO since 2001. “I believe a big key to our growth and success over the years is that we’ve always treated our owners like family – and it’s certainly a growing family now.”

Fairfield has seen its ownership base more than double since 1998 and the company’s growth mirrors that of the timeshare industry as a whole. One of the fastest-growing segments in travel, timeshare is now owned by more than 3 million Americans and brought in an estimated $7.5 billion in sales industry-wide in 2004.

“For the entire history of the vacation ownership industry, including today’s world of household name hotel brands, Fairfield continues to be a leader and innovator with more owners than anyone,” said Howard Nusbaum, president of the American Resort Development Association (ARDA), the trade association that governs the industry. “Public awareness of, and interest in timeshare is growing every day, and Fairfield reaching a half-million owners is a great accomplishment that further points to our industry’s growing popularity.”

About Fairfield Resorts

Fairfield Resorts, Inc., with more than 500,000 owners, is the largest vacation ownership company in the world. Fairfield Resorts specializes in the development, marketing and sales of innovative travel and leisure products, including vacation ownership intervals at the company’s more than 70 nationwide resorts. Fairfield Resorts, headquartered in Orlando, is a subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within real estate and travel. Other Cendant brands include Orbitz, Cheap Tickets, AVIS, Days Inn, Ramada, Century 21, Coldwell Banker, and RCI. For more information, visit www.fairfieldresorts.com.