A History of Timeshare Continued
1976 - Interval International forms. Becoming the Second largest exchange company.
1980's - Timeshare develops throughout the world with Western Europe developing the fastest. Sheraton, Ramada and Westin all become part of the industry. Larger companies buy them out during the 1990’s.
1984 - Marriott joins the timeshare industry with Marriott Vacation Club.
1985 - Likewise, Four Seasons joins too.
During the 1990’s - Trading Places (that started as a full service Travel agency in southern California in the 1970's) becomes the third largest exchange company.
1991 - Disney starts Old Key West Resort at Walt Disney World.
1992 - The San Francisco Exchange company emerges, seeking a high end timeshare client. Hilton Grand Vacation Club is starts.
1994 - Hilton Grand Vacation Club opens The Flamingo in Las Vegas, Nevada.
1997 - Cendent Corporation purchases RCI while another company called Dial an Exchange starts in Australia.
2000 - RCI introduces RCI Points.
2002 - USA Interactive acquires Interval International
2007 - Wyndham becomes the Parent Company of RCI.
2016 - Marriott International purchases Starwood Hotels
2017 - RCI announces it is acquiring DAE, placing it under the Wyndham Umbrella. Wyndham announces it will be splittiing into two seperate publicly traded companies; the hotel division and the timeshare divisions.
RCI has over 4 million members in addition to over 5240 resorts located in over 100 countries.
Similarly, Interval International has over 2 million members with almost 2500 resorts in over 75 countries around the world.
America has the most timeshare owners with 45% of the total owner base, as well as the most timeshare resorts for any country being 1500.
There are over 9 million weeks of timeshare owned by over 7 million households.
Eight out of ten owners are satisfied or very satisfied with their ownership.
**Authors note: Timeshare is known by many names including but not limited to timeshare, timesharing, vacation ownership, holiday ownership, interval ownership, vacation insurance.
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