Interval Leisure Group, Inc. provides non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The company’s segments include Exchange and Rental, and Vacation Ownership. Exchange and Rental This segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties. The company’s principal exchange network is the Interval Network, in which approximately 3,000 resorts located in approximately 80 nations participated as of December 31, 2015. The company also operates additional exchange programs, including the Hyatt Residence Club, which encompasses 16 resorts as of the end of 2015. This segment provides vacation rental through the Aqua-Aston Hospitality (Aqua-Aston) business as part of a package of marketing, management and rental services offered to vacation property owners, primarily of Hawaiian properties, as well as through the Interval Network. This segment consists of Interval International (referred to as Interval), the Hyatt Residence Club, the Trading Places International (known as TPI) operated exchange business, and Aqua-Aston and the Hyatt Vacation Ownership (HVO) exchange business. Exchange Services The company offers leisure and travel-related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Vacation exchange allows owners of vacation ownership interests to exchange their occupancy rights (whether denominated in weeks or points) for comparable, alternative accommodations at another resort and/or occupancy period or for other vacation experiences. Interval Network: The company’s primary exchange offering is the Interval Network, a membership-based exchange program which also provides a package of value-added products and services. Approximately 3,000 resorts located in approximately 80 nations participated as of December 31, 2015. Hyatt Residence Club: As of December 31, 2015, this points-based membership exchange system serves approximately 31,000 owners at 16 properties, providing them with reservation and exchange services, as well as other benefits. Generally, purchasers at Hyatt Residence Club resorts are automatically enrolled in the club and continue to be members until they no longer own an interest at the affiliated resort or the resort is no longer part of the club. TPI: This program provides exchange services to owners at timeshare properties managed by TPI, as well as other direct-to-consumer exchanges that do not require a membership. Also included within TPI exchange is VRI*ety, an exchange program for owners at participating resorts managed by Vacation Resorts International (VRI). Related Products and Services Getaways: The company also offers additional vacation rental opportunities to members of the Interval Network and certain other membership programs at attractive rates through Getaways. Getaways allow members to rent resort accommodations for a fee, plus applicable taxes. Resort accommodations available as Getaways consist of seasonal oversupply of vacation ownership accommodations within the applicable exchange network, as well as resort accommodations the company sources specifically for use in Getaways. Interval Gold and Interval Platinum: The company’s enhanced membership program provides year-round access to value-added benefits and services for an additional annual fee or Interval Platinum, its premier membership level, which targets discerning travelers and offers them high value benefits and services in addition to those included in the Interval Gold membership. Club Interval: This product gives owners of fixed or floating week timeshares the opportunity to use their resort week as points within the Interval Network. Club Interval members also receive all of the benefits of Interval Gold and can upgrade to Interval Platinum. Preferred Residences Program: This hospitality
interval leisure group (IILG:NASDAQ GS)
6262 Sunset Drive
Miami, FL 33143
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