Press Release: RCI
August 6, 2002
PARSIPPANY, NJ -- Resort Condominiums International, LLC (RCI), yesterday announced the launch of RCIWorks, a new
Internet-based rental inventory management tool for RCI’s affiliated resort developers and associations. With
RCIWorks, RCI affiliates can now use the Internet to load inventory and make it available for rental to RCI members
or general consumers through RCI’s various distribution channels, including the RCI Holiday Network.
RCIWorks is the latest product to evolve from RCI’s commitment to provide superior services that help affiliates
create, grow and profit from their enterprise. RCIWorks simplifies and shortens the time involved with moving
available rental inventory to RCI’s efficient global distribution channels, and enables the units to be offered
to consumers on daily as well as weekly increments, increasing inventory utilization. RCIWorks users will also
have the ability to add or modify property details, manage unit rates and availability, review inventory rental
reports and administer user access.
According to Colin Wynd, vice president, Internet strategies, “RCIWorks helps our clients better respond to consumer
demand for daily rentals, and leverages a technology infrastructure that RCI has been building over the last few
years. It’s easy to learn and use and can be installed quickly without disruption to our clients’ systems…a great
example of how RCI offers unparalleled service to our affiliates.”
RCI has been providing distribution for developers’ rental inventory in weekly intervals, but many consumers are
looking for shorter or more flexible stays. Now, by using RCIWorks, the RCI Holiday Network will now be able to
offer consumers increased flexibility and bookings that meet their specific needs.
“RCIWorks is a clear reflection of our new inventory,” said Peter Giamalva, president, RCI Holiday Network. “With
vacation rentals quickly becoming the preferred accommodations for vacationers worldwide, RCIWorks will help our
resort affiliates meet the ever-changing needs of today’s leisure travelers.”
About RCI
RCI is a global provider of leisure travel services to businesses and consumers, with market leadership positions
in vacation property exchange, rental and resort management. As a growth partner to its business clients, RCI
leverages core competencies in networks, technology, brand and product development and world-class customer service
to deliver superior vacation experiences for travelers anywhere in the world.
RCI operates the world’s largest vacation exchange network, RCI Weeks, with 3 million members around the world,
as well as the world’s only global points-based exchange network, RCI Points. The RCI Holiday Network offers consumers
the world’s largest and most diverse selection of holiday rental properties, and operates rental programs on behalf
of resorts around the world. RCI offers property owners at private residence clubs access to a portfolio of fine
leisure assets through The Abercrombie & Kent Registry, bringing flexibility and added value to the luxury
segment of the vacation ownership industry. RCI Resort Management is the vacation ownership industry’s largest
property management company, providing branded holiday experiences to consumers on behalf of nearly 280 resorts
and associations worldwide. RCI is a subsidiary of Cendant Corporation (NYSE: CD), a global provider of services
primarily in travel and real estate.
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Media Contact: Inna Shamis 973-496-7021 inna.shamis@cendant.com <mailto:inna.shamis@cendant.com>