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VACATION INDUSTRY<br />

JANUARY – MARCH 2017<br />

A PUBLICATION OF ILG<br />

Resort<br />

RESTAURANTS<br />

REIMAGINED<br />

An Appetite for Out-of-the-Ordinary Dining<br />

Profi les<br />

CLC World<br />

Resorts & Hotels<br />

Mega Vacations Club<br />

Wayqey Hotel and<br />

Wayqey Lodge<br />

Westgate Resorts<br />

CYBERSECURITY: ARE YOUR DATA PROTECTED?


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JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

CONTENTS<br />

IN REVIEW<br />

Data Security: Not Just for IT<br />

8<br />

International Shared Ownership<br />

Investment Conference<br />

12<br />

Resort Restaurants: An Appetite<br />

for Out-of-the-Ordinary Dining<br />

16<br />

IN EVERY ISSUE<br />

VIEWPOINT<br />

Security in an Insecure World<br />

4<br />

INSIDER<br />

Benefits, News, Updates, and More<br />

6<br />

PULSE<br />

People and Industry News<br />

47<br />

PROFILES<br />

Westgate Resorts<br />

All About the Experience<br />

24<br />

Mega Vacations Club<br />

A Different View of Panama City<br />

28<br />

Wayqey Hotel and Wayqey Lodge<br />

Mysticism and Magic in Peru’s Sacred Valley<br />

32<br />

CLC World Resorts & Hotels<br />

Designing for the Future<br />

36<br />

28<br />

editor-in-chief<br />

Betsy Sheldon<br />

staff writer<br />

J.B. Bissell<br />

editorial assistant<br />

Laurie Charles<br />

editorial consultant<br />

Torey Marcus<br />

creative director<br />

Ailis M. Cabrera<br />

senior graphics<br />

manager<br />

John Cavaliere<br />

senior graphic<br />

designer<br />

Maria Garcia-Aguilar<br />

graphic designers<br />

Frank Gonzalez<br />

Cristina Mencia<br />

George A. Sariego<br />

photo editor<br />

Kimberly DeWees<br />

assistant vice president<br />

graphics and production<br />

Janet L. Orr<br />

production director<br />

Claire S. Sayan<br />

advertising<br />

Nicole Meck<br />

Interval International<br />

949.470.8324<br />

Nicole.Meck@intervalintl.com<br />

For address changes and corrections,<br />

or to receive a complimentary<br />

subscription, please send an email<br />

to Nicole.Meck@intervalintl.com.<br />

Advertising Index<br />

Bank of America Visa Card 41 International Shared Ownership<br />

Capital One<br />

IBC Investment Conference<br />

11, BC<br />

DG Film Company 44 Interval World 27<br />

Entertainment Promotions 43 Meridian Financial Services 42<br />

Equiant Financial Services 40 Preferred Residences 21<br />

Fidelity 45,47 Vacation Industry Review 35<br />

First American Title 48 VIP Club 5<br />

Harbor Linen 46 Winners Circle 5<br />

Info-Exchange Seminar 5<br />

Interval International IFC, 3, 22<br />

Vacation Industry Review is published by ILG. It is designed to provide accurate and authoritative information regarding the subject<br />

matter covered. It is published with the understanding that the publisher is not en gaged in rendering legal, accounting, or other<br />

professional ser vice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.<br />

FIND US ON<br />

©ILG, 2017. All rights reserved. Reproduction of any part of this publication without written consent is prohibited.


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VIEWPOINT<br />

JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

Security in an<br />

Insecure World<br />

BY<br />

Craig M. Nash<br />

CHAIRMAN,<br />

PRESIDENT, AND CEO<br />

ILG<br />

I intentionally don’t bank or pay my bills<br />

online. I use a BlackBerry because it’s supposed<br />

to be more secure than a smartphone. I don’t<br />

have a Facebook, Twitter, Instagram, or Pinterest<br />

account. And, believe it or not, I still write checks!<br />

My kids and colleagues may give me a hard<br />

time. But I can put up with their teasing — I happily<br />

maintain these small rebellions against the surrender<br />

of personal data to the threat of compromise.<br />

Leaving a Digital Trail<br />

I’m very aware, however, that they are just that:<br />

small rebellions. The truth is, there’s no getting<br />

away from digital exposure of our personal information.<br />

Through virtually every transactional<br />

experience we undertake — whether buying an airline<br />

ticket, visiting the doctor, using GPS, or texting<br />

our loved ones — we’re creating a digital trail of<br />

our activities and behaviors that puts our personal<br />

information into potential peril.<br />

A rise in identity theft and hacks of corporate<br />

databases aside, this past fall, we witnessed some<br />

examples of how systems breaches can have a<br />

wide-range — even global — impact: in the U.S.<br />

presidential election, the WikiLeaks disclosure of<br />

thousands of emails from the Democratic National<br />

Committee, allegations of cyber-espionage from<br />

Russia and attempts to influence the election; then,<br />

a cyber-attack that caused worldwide shutdowns<br />

of Twitter, Amazon, and Netflix, among other sites.<br />

Individuals, government, political institutions,<br />

and businesses alike all seem to be equally vulnerable<br />

to information leaks. And the results can<br />

be devastating.<br />

Protecting Our Data<br />

That’s why we at ILG take the security of our data<br />

very seriously. Protecting our information, our<br />

systems, and the privacy of our constituencies<br />

is a top priority. Under the direction of the<br />

company’s chief information security officer,<br />

Georgios Mortakis, we’ve developed a solid<br />

framework that anchors strict security policies,<br />

procedures, employee awareness and training,<br />

and regulatory compliance.<br />

As Georgios points out in the article on cybersecurity<br />

in this issue of Vacation Industry Review<br />

(page 8), it’s as difficult to prevent all risk of cyberabuse<br />

as it is to stop a hurricane. We acknowledge<br />

this, but — as those of us who face the possibility<br />

of hurricanes on a regular basis know — we don’t<br />

stand by and wait to sweep up the broken glass.<br />

We put the equivalent of storm shutters in place to<br />

reduce or eliminate the impact.<br />

ILG employs a thorough risk-assessment<br />

methodology in order to identify and mitigate<br />

security vulnerabilities, and to determine specific<br />

controls. We rely on continuous monitoring<br />

and incident-response management. Finally, ILG<br />

performs security-control due diligence on third<br />

party–connected entities and partners.<br />

Pursuit of Predictability<br />

This strict adherence helps protect ILG, our family<br />

of companies, and all those we do business with,<br />

and it supports our efforts to pursue the security<br />

and predictability our constituencies value.<br />

Security and predictability are something we<br />

all seek. But we’re wise to always be prepared to<br />

expect the unexpected. And that has never been<br />

more true than at the end of one of the most divisive<br />

and contentious U.S. elections ever. While the<br />

collision of different visions of where we are as a<br />

nation and where we need to go has disquieted<br />

us, I think we’re all at a point where we’re ready to<br />

heal and move forward.<br />

We as individuals, as businesses, and as an<br />

industry must remain focused on the long-term<br />

picture, while anticipating and responding to<br />

the constant bombardment of change wrought<br />

by technology and other forces. By adhering<br />

to this balanced path, we’re sure to continue<br />

in a positive direction and, no doubt, celebrate<br />

many successes.<br />

4


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INSIDER<br />

INTERVAL INTERNATIONAL:<br />

WHERE MEMBERS PLAN AND<br />

SHOP — IN ONE STOP<br />

Studies show that today’s travelers like to turn to several resources for<br />

vacation recommendations and information — from the advice of friends and<br />

family to travel websites. Interval members are no different. They, however,<br />

have something others don’t have: access to a plethora of planning resources<br />

through their membership.<br />

“In addition to expanding the advantages of vacation ownership with the<br />

flexibility of the exchange benefit, Interval International offers our members<br />

a trove of proprietary resources and travel services that make planning and<br />

reserving their next great adventure a breeze,” says Sharon Freed, senior vice<br />

president of consumer marketing. “These are by far some of the strongest<br />

sales tools available to encourage prospects to become vacation owners —<br />

and provide one of the most appealing reasons to retain their ownership.”<br />

Travel-Planning Tools: The Lineup<br />

INTERVALWORLD.COM. It’s a travel planner and a travel agency rolled<br />

into one. Here, members can learn about their benefits, make an exchange,<br />

purchase a Getaway, book a cruise, discover money-saving deals, and<br />

research and book travel arrangements.<br />

RESORT DIRECTORY. Using this online tool, members can explore<br />

Interval-affiliated resorts around the world before deciding where to go.<br />

TRAVEL PLANNER. This guidebook highlights more than 100 vacation<br />

regions around the globe, and includes essential information on Intervalaffiliated<br />

resorts and member benefits.<br />

GUIDE TO INTERVAL INTERNATIONAL MEMBERSHIP. The companion<br />

piece to the Travel Planner includes benefit tips, anticipated<br />

exchange and Getaway destinations for the coming year, and the<br />

newest additions to the network of approximately 3,000 resorts.<br />

INTERVAL HD. At IntervalWorld.com, members can watch resort and<br />

destination videos, as well as helpful tutorials that provide step-by-step<br />

instruction on how to get the most out of their Interval benefits.<br />

INTERVAL INTERNATIONAL APP. Members can search for and book<br />

Getaways, access the Resort Directory, share resorts with friends and<br />

followers on Facebook or Twitter, and more, right from their smartphone<br />

or tablet.<br />

COMMUNITY. Available on IntervalWorld.com, this is Interval’s<br />

exclusive forum where members can connect with one another, and<br />

share experiences and get advice on planning their next vacation.<br />

SOCIAL MEDIA. With a presence on Facebook, Instagram, YouTube,<br />

Pinterest, and Google+, Interval International is accessible to members<br />

who want to share travel experiences, photos, and videos with<br />

the company and fellow members.<br />

Corbis RF/Glow Images<br />

INTERVAL, RESORT DONATIONS SUPPORT SCHOLARSHIPS FOR CTO FOUNDATION<br />

Interval International and its participating member<br />

resorts continued their support of the Caribbean<br />

Tourism Organization (CTO) Foundation with a<br />

US$20,000 donation in 2016.<br />

“This marks the 17th year that Interval and<br />

its resort partners have contributed to<br />

this Caribbean-based education initiative,”<br />

says Neil Kolton, Interval’s director of resort<br />

sales and service for the Caribbean and<br />

Florida. “During that time, we have donated<br />

more than US$300,000 to the CTO Foundation<br />

for scholarships and grants.”<br />

Participating member resorts that donated to the foundation include:<br />

Antigua – Tranquility Bay Antigua<br />

Mexican Caribbean – The Westin Lagunamar<br />

Aruba – Caribbean Palm Village, Divi Village Ocean Resort<br />

Golf & Beach Resort, La Cabana Beach Puerto Rico – Aquarius Vacation Club ®<br />

Resort and Casino, La Quinta Beach Resort, at Boquerón Beach, Aquarius Vacation<br />

Marriott’s Aruba Surf Club, Paradise Beach Club ® at Dorado del Mar Beach Resort,<br />

Villas, Renaissance Aruba Resort & Casino Azul ESJ Collection, Hyatt Hacienda del Mar<br />

Bahamas – Harborside Resort at Atlantis St. Lucia – Bay Gardens Beach Resort<br />

Bermuda – The St. George’s Club<br />

St. Maarten – Oyster Bay Beach Resort,<br />

Cayman Islands – 7 Mile Beach Resort, Simpson Bay Resort & Marina, The Westin<br />

Morritt’s Tortuga Club<br />

Dawn Beach Resort and Spa<br />

Curaçao – The Royal Sea Aquarium Resort Turks and Caicos – Alexandra Resort<br />

6


Even More Planning Tools for Interval<br />

Gold ® and Interval Platinum ® Members<br />

VIP CONCIERGE. Members can request assistance<br />

for a variety of tasks, from help securing tickets<br />

to a sold-out show to reserving airport transfers.<br />

Interval Travel: Putting the Plan in Motion<br />

Travel planning is half the fun, but the other half is ultimately what<br />

vacationing is all about. Interval Travel ® brings it all together, offering<br />

a host of vacation services — virtually everything and anything required<br />

to finalize any travel plan.<br />

AIR<br />

TOURS<br />

1 inch<br />

CITY GUIDES. These helpful resources feature<br />

trendy restaurants, shopping, nightlife, and<br />

attractions, as well as travel advice on popular<br />

destinations worldwide — including Interval<br />

resort locations.<br />

DINING CONNECTION. Members receive VIP<br />

treatment, including perks such as complimentary<br />

appetizers, drinks, desserts, and kitchen tours —<br />

and exclusive access to more than 170 partner<br />

restaurants in 22 top markets in the U.S., Canada,<br />

and Europe.<br />

MEMBER<br />

ONE-STOP SHOP<br />

INTERVAL TRAVEL<br />

CRUISES<br />

CRUISES<br />

CAR<br />

RENTALS<br />

VACATION<br />

ACTIVITIES<br />

HOTELS<br />

GOLF CONNECTION. Members enjoy access<br />

to nearly 900 private courses across the U.S. and<br />

Canada, receive 15 percent off golf equipment,<br />

and can search in real time for available tee times<br />

at more than 1,900 public courses.<br />

INTERVAL EXPERIENCES. Members can<br />

exchange their resort week or points toward<br />

exciting and unique adventures around the world,<br />

such as California Wine Country tours and<br />

gourmet cooking classes.<br />

RESORT<br />

SPECIALS<br />

TRAVEL<br />

INSURANCE<br />

All That Power —<br />

Good for Interval-Affiliated Resorts, Too<br />

“Interval-affiliated resorts can leverage the inherent value of these<br />

benefits to further enhance their own vacation ownership value proposition,”<br />

says Freed. “After all, the more variety and flexibility that can be<br />

offered to a potential owner, the better for all involved.”<br />

AFFILIATION<br />

Marriott Vacation Club, Surfers Paradise, a new resort located<br />

at the award-winning Surfers Paradise Marriott Resort<br />

& Spa on Australia’s Gold Coast, is ideally situated in a prime<br />

beach destination, with a multitude of entertainment options<br />

and beautiful natural surroundings. The property offers more<br />

than 80 deluxe guest rooms and one-bedroom suites — some<br />

of which can be combined into deluxe two-bedroom suites to<br />

accommodate larger families — with balconies overlooking<br />

the lagoon or the city. Rooms have floor-to-ceiling windows,<br />

flat-screen TVs, and pillow-top mattresses. Owners and guests<br />

enjoy amenities at the Surfers Paradise Marriott Resort & Spa,<br />

including four distinct dining venues, a fitness center, full-service<br />

spa, multipurpose sport court, and several freshwater and<br />

saltwater lagoons.<br />

7


Data SecurityBY JUDY KENNINGER<br />

NOT JUST FOR


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

bluebay2014/Deposit Photos<br />

Over the past few years, it seems that the hits<br />

just keep coming. Hits to cybersecurity, that is.<br />

In 2014, the U.S. Office of Personnel Management’s systems were<br />

breached, revealing the personnel files of at least 4.2 million former<br />

and current federal employees. In 2015, Anthem, the largest for-profit<br />

managed-health company in the Blue Cross Blue Shield Association,<br />

disclosed that a database with approximately 80 million patient and<br />

employee records was exposed. This past fall, Kimpton Hotels confirmed<br />

a breach of payment-card information at more than 60 hotels<br />

and restaurants that went undetected for more than six months. And<br />

WikiLeaks released thousands of hacked emails from DNC accounts,<br />

U.S. intelligence officials alleging that Russia was behind the breakins<br />

in an attempt to interfere with the presidential election.<br />

In addition to data breaches, there’s also the threat of ransomware,<br />

in which a type of malware installed on a computer or server<br />

encrypts the files, making them inaccessible until a specified ransom<br />

is paid. It’s on the rise, with the total volume of ransomware samples<br />

known to Intel Security’s McAfee Labs topping 7 million in 2016, a<br />

128-percent year-over-year increase from 2015.<br />

“The reports are very concerning,” says Georgios Mortakis, vice<br />

president and chief information security officer for ILG. “In this environment,<br />

everyone in an organization needs to take responsibility for<br />

data security; it can’t be just left to the IT department.”<br />

Dangerous Game<br />

The consequences of the above-mentioned events are many:<br />

Consumers and employees are understandably upset when their<br />

private information is leaked. A company’s public image will suffer<br />

if shoddy security practices are revealed. In the case of ransomware,<br />

paying a ransom or replacing lost data could cost hundreds of<br />

thousands of dollars — or more. In addition, the Consumer Financial<br />

Protection Bureau (CFPB) recently announced it will begin enforcement<br />

in the area of data security, beginning by fining Dwolla, an<br />

online payment platform, US$100,000 for misrepresenting its systems<br />

as secure.<br />

“The Federal Trade Commission was already active in this area,<br />

and now the CFPB is joining in,” says Peter Moody, vice president<br />

of business development at Equiant, a leading loan-servicing provider.<br />

“If there’s a breach, companies need to demonstrate they’re<br />

responsible actors and have a comprehensive and effective compliance-management<br />

system. If the agencies find deficiencies, the<br />

penalties will be more severe.”<br />

That means information-security professionals have a difficult<br />

task: They have to keep up with cyber criminals and the tools to fight<br />

them, check off a growing list of compliance requirements, and monitor<br />

the security practices of their business partners and employees.<br />

“We have to go above and beyond to minimize risks,” Mortakis<br />

says. “We can’t eliminate all threats, but we can reduce their impact<br />

by mitigating identified vulnerabilities. As an analogy, if you live in<br />

South Florida, you could be affected by a hurricane, so you should<br />

be prepared. You can’t stop a hurricane from happening, but you can<br />

buy storm shutters. If there’s an incident, we need systems in place<br />

to identify the threat immediately, and reduce or eliminate its impact.”<br />

The Weakest Link?<br />

Because so many incidents begin with employee errors, a thorough<br />

training program, along with access controls, is essential. “All<br />

employees need to have training in security awareness,” Mortakis<br />

says. “In addition, you have to enforce the policies and procedures<br />

they’re being taught.”<br />

A common door into an IT network is phishing, malicious correspondence<br />

trying to get the recipient to take the bait in the form<br />

of an attachment or embedded link. In Verizon’s 2016 Data Breach<br />

Investigations Report, 30 percent of targeted people opened a phishing<br />

email, 13 percent clicked on a phishing attachment, but just 3<br />

percent of targeted individuals alerted management of a possible<br />

phishing email. Although you can train employees not to open suspicious<br />

emails, the “bad actors” out there are devising better and better<br />

strategies to entice them to do so. For example, a recent rash of phishing<br />

emails looked like an official email from FedEx, with an attachment<br />

about a missed package delivery.<br />

However, there are steps companies can take: First, emailfiltering<br />

software can prevent such emails from being delivered<br />

9


to employees. Second, it’s possible to protect the rest of the network<br />

from compromised desktops and laptops by segmenting the<br />

network and implementing strong authentication between user<br />

networks and anything of importance.<br />

According to Mortakis, this is the principle of least privilege. No<br />

users should be assigned administrative access unless absolutely<br />

needed. “If someone isn’t in human resources, they shouldn’t have<br />

access to HR files,” he explains. “In addition, there should be controls<br />

in place to alert you when an employee tries to access files<br />

they shouldn’t.”<br />

Another issue that comes with employees is that they want to use<br />

their own devices to access data. “There isn’t a complete solution to this<br />

issue,” Mortakis says. But there are some steps that can reduce the risk.<br />

“With data logging, you know when something has been downloaded,<br />

and remote-access controls can stop them from being able to download<br />

specific types of files.”<br />

Another area of concern is vendors, contractors, and other partners<br />

who use or have access to your company’s data. “Vendors entrusted<br />

with critical data need to have secure storage facilities with access controls,<br />

corporate security policies and testing, and certification, such as a<br />

Service Organization Controls (SOC) audit,” Moody says. “You need to<br />

ask probing questions and have written agreements on standards that<br />

are to be maintained.”<br />

IT Solutions<br />

Of course, there are steps best left to the professionals, beginning<br />

with automatically applying critical security patches (pieces of software<br />

designed to remedy vulnerabilities that have been identified in<br />

software) or updates to all systems and applications by investing in<br />

a patch-management solution. Patch management is a strategy used<br />

to determine what patches should be applied to which applications<br />

and when. Many vulnerabilities are remediated by simply applying the<br />

latest patches to existing systems.<br />

In addition, you must regularly back up data and verify the integrity<br />

of those backups. “Backups are critical in ransomware incidents; if you<br />

are infected, backups may be the best — or only — way to recover your<br />

critical data,” Mortakis explains. “The backups must also be secure and<br />

not connected to the computers and networks they are backing up.”<br />

Examples might include securing backups in the cloud, or physically<br />

storing them offline.<br />

With more data being stored in cloud environments and employees<br />

accessing that data from their own devices, consider implementing<br />

two-factor authentication, Moody says. With two-factor authentication,<br />

employees and other users are required to have not only a password and<br />

user name, but also something that only they have, such as a physical<br />

token. For example, if you have tried to log in to your bank account from<br />

a new computer, your bank may have texted you a code to enter before<br />

granting you access to your account information.<br />

To reduce risk, don’t keep sensitive information if you don’t need it,<br />

advises Mortakis. “Put in place a well-defined retention policy that limits<br />

the amount of time that sensitive data is stored.”<br />

An important step to ensure that data is secure is to test your system.<br />

Penetration testing, ethical hacking, and vulnerability assessments are<br />

useful tools for identifying hidden network and host vulnerabilities. “At<br />

ILG, we have our own team, and we also have a third party on demand,”<br />

Mortakis says. “I recommend performing all types — web and network<br />

layers, internal and external networks — of penetration testing at least<br />

annually. We perform twice-a-year penetration testing, quarterly internal<br />

network-vulnerability assessments, and monthly external networkvulnerability<br />

assessments. And that doesn’t count any additional testing<br />

we undergo for compliance purposes, such as PCI scans.”<br />

Where Credit Goes Through<br />

Because so many data breaches have targeted payment-card information,<br />

that’s an area of particular concern. “Developers should only work<br />

with a payment-card processor that has achieved the Payment Card<br />

Industry Security Standards Council’s highest level of certification: PCI<br />

Certification Level 1,” Moody says. “This certification provides them with<br />

reassurance that the processor can accept, process, store, and transmit<br />

credit-card information on their behalf in a secure environment.”<br />

In addition, if a company accepts credit cards at — for example —<br />

resorts, sales centers, and retail environments, it should have upgraded<br />

to EMV chip readers for credit cards by now. “As of October 2014, if<br />

a merchant doesn’t have EMV in place, they’re automatically deemed<br />

responsible for any breaches that occur,” Moody says. “If you’re still<br />

swiping, it’s way past time to adopt this technology, which has far superior<br />

security.”<br />

Judy Kenninger, RRP, heads Kenninger Communications and has been covering<br />

the shared ownership and vacation real estate industries for nearly two decades.<br />

Resources<br />

At AIFEducates.com, you can watch ARDA International<br />

Foundation’s Learning Center webinar on Consumer Financial<br />

Protection Bureau requirements, Risk Management Strategies:<br />

The Need for a Robust Compliance Management Program.<br />

Open Web Application Security Project is a worldwide<br />

not-for-profit charitable organization focused on improving the<br />

security of software. Similar to Wikipedia, it’s a community that<br />

shares information regarding best practices in software security<br />

and application tools.<br />

owasp.org<br />

The Payment Card Industry (PCI) Security Standards<br />

Council is a global forum for the ongoing development,<br />

enhancement, storage, dissemination, and implementation<br />

of security standards for account-data protection.<br />

pcisecuritystandards.org<br />

Verizon’s 2016 Data Breach Investigations Report<br />

examines more than 100,000 incidents, including 2,260<br />

confirmed data breaches across 82 countries. With data<br />

provided by 67 contributors, including security-service providers,<br />

law enforcement, and government agencies, the report offers<br />

insight into cybersecurity threats.<br />

verizonenterprise.com/verizon-insights-lab/dbir/2016<br />

The Visa Global Registry of Service Providers lists providers<br />

that adhere to strict security standards and are in compliance<br />

with PCI regulations. Visa recommends, “Clients and merchants<br />

should reference the site regularly as part of their due-diligence<br />

process and should only use service providers that are listed<br />

on the registry for outsourcing their payment-related services.”<br />

visa.com/splisting<br />

10


THANK<br />

YOU<br />

We Couldn’t Have Done It<br />

WITHOUT YOU!<br />

This year’s International Shared<br />

Ownership Investment Conference<br />

was a great success, and we<br />

appreciate all of the sponsors,<br />

speakers, and attendees who<br />

helped make it happen.<br />

18TH ANNUAL<br />

EXCLUSIVE<br />

EDUCATIONAL<br />

PARTNER<br />

CORPORATE SPONSORS<br />

PATRON SPONSORS<br />

SUPPORTING SPONSORS<br />

MEDIA SPONSORS


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

A GLOBAL<br />

OUTLOOK<br />

International Shared Ownership<br />

Investment Conference Sheds Light<br />

on a World of Timeshare Opportunity<br />

BY LAURIE CHARLES<br />

Maria Cordova<br />

12


LEFT: Hugh Riley,<br />

secretary general<br />

and CEO, Caribbean<br />

Tourism Organization;<br />

William Marlin, prime<br />

minister of St. Maarten;<br />

Edmund Bartlett,<br />

Jamaica’s minister<br />

of tourism. RIGHT:<br />

Guest speaker Scott<br />

Stratten, president,<br />

Un-Marketing.<br />

“The state of the industry is strong — not just<br />

in the U.S., but in locations around the globe.”<br />

No words sum up the 18th annual International Shared Ownership<br />

Investment Conference better than the opening remarks from David<br />

Gilbert, president of Interval International.<br />

Gilbert’s proclamation set the stage for the two-and-a-half-day seminar,<br />

which featured discussions, panels, and presentations from industry<br />

leaders, marketing experts, and even a head of state. Interval hosted<br />

the event at the Eden Roc Miami Beach Resort & Spa, October 24 to 26,<br />

in conjunction with the Info-Exchange Seminar on October 25.<br />

While the conference proffered networking opportunities for industry<br />

veterans and potential entrants alike, more than 500 attendees were also<br />

treated to global insights about the product, trending markets worldwide,<br />

and a celebration of Interval’s 40th anniversary.<br />

A Sphere of Possibilities<br />

Even with industry changes, competition from the sharing economy, and<br />

the challenges of serving the millennial market, a rush of optimism filled<br />

the halls of the Eden Roc. “Shared ownership is a compelling business<br />

model for resort developers who want to make quality vacations available<br />

to consumers in a flexible and profitable way,” says Gilbert. “This year,<br />

we continued and enhanced our focus on international markets, which<br />

are the growth areas of the future. As part of the conference evolution,<br />

Roy Peires, founder and chairman, CLC World Resorts & Hotels; Stephen Weisz, president and CEO, Marriott Vacations Worldwide Corp.; Peter<br />

Yesawich, vice chairman emeritus, MMGY Global; Craig Nash, chairman, president, and CEO, ILG; Howard Nusbaum, president and CEO, ARDA.<br />

13


14<br />

An industry perspective on<br />

Mexico featured Gibran Chapur,<br />

executive vice president, Palace<br />

Resorts; Daniel Chavez, vice<br />

president, Grupo Vidanta; Jeff<br />

Healy, managing director, Club<br />

Tesoro Resorts; and Michael<br />

Buchalter, vice president, The<br />

Villa Group. Conference activities<br />

ran the gamut, including Interval<br />

International’s 40-year anniversary<br />

celebration; the Info-Exchange<br />

Seminar, introduced by David<br />

Gilbert, president of Interval<br />

International; and guest speaker<br />

Adriana Grineberg, Facebook’s<br />

regional director of Latin America,<br />

who shared mobile trends.


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

Sponsors<br />

The International Shared Ownership Investment<br />

Conference was made possible through the<br />

support of the following sponsors:<br />

we had industry leaders from Europe, Latin America, the Caribbean, and<br />

Asia share insights on their respective regions. In addition, it was really great<br />

to see government officials participating and endorsing our conference.”<br />

Several sessions touched upon the impact of timesharing in global<br />

economies. During one of those panels, William Marlin, prime minister of<br />

St. Maarten, and Edmund Bartlett, Jamaica’s minister of tourism, talked<br />

about vacation ownership in their countries.<br />

St. Maarten has embraced timesharing for 36 years, according to<br />

Marlin, who proclaimed the country a leader in the region.<br />

Jamaica, on the other hand, is “the new kid in the neighborhood,” as<br />

described by Bartlett. He noted that Jamaica just this year passed legislation<br />

that should encourage the development and sales of vacation ownership<br />

on the island. “I’m here today to begin the conversation,” Bartlett said.<br />

Two sessions were dedicated to Latin America, one focused on Mexico,<br />

and the other — conducted in Spanish — on markets in South America.<br />

Halfway across the globe, the Asia/Pacific market is experiencing a<br />

boom in timeshare as well, according to Paul Dean, principal of Dean and<br />

Associates, who shared data on the region in the State of the Industry session.<br />

“It’s home to four of the world’s leading economies. There’s disposable<br />

income, a growing middle class, and affordability in travel.”<br />

A Bright Future<br />

Back in North America, “the outlook is at a high,” says Jenny Ochtera<br />

Davlin, vice president of member experience and business development at<br />

the American Resort Development Association (ARDA). “What you’ll find is<br />

a very positive movement moving forward. We are on solid ground.”<br />

Market-specific analysis and research aside, attendees heard from top<br />

leaders through a series of panels, from the brands to the independents<br />

to the C-suite, which featured the perspective of Craig M. Nash, chairman,<br />

president, and CEO of ILG; Howard Nusbaum, president and CEO of<br />

ARDA; Roy Peires, founder and chairman of CLC World Resorts & Hotels;<br />

and Stephen Weisz, president and CEO of Marriott Vacations Worldwide<br />

Corp.<br />

Conference-goers were also treated to effective marketing strategies<br />

from the president of Un-Marketing, Scott Stratten, and Facebook<br />

analytics from the company’s regional director of Latin America, Adriana<br />

Grineberg. Additional sessions covered topics ranging from geo-specific<br />

amenities to a new-product showcase.<br />

All in all, attendees walked away with an optimistic industry outlook.<br />

“We’ve had very positive feedback,” notes Gilbert. “The fact that so many<br />

have been returning for years and that our global participation continues to<br />

grow are indications not only of the value of the event, but also the health<br />

of the industry.”<br />

The 19th annual International Shared Ownership Investment Conference<br />

will take place again at the Eden Roc in Miami Beach, Florida, and is scheduled<br />

for October 23 to 25, 2017.<br />

PATRON SPONSORS<br />

Allianz Global Assistance<br />

BakerHostetler<br />

Capital One<br />

Equiant<br />

Fidelity National Timeshare<br />

First American Title Insurance Company<br />

Harbor Linen<br />

Interval International<br />

JMBM Global Hospitality Group<br />

Preferred Residences<br />

CORPORATE SPONSORS<br />

Customized Solutions, LLC<br />

DG Film Company<br />

Foley & Lardner LLP<br />

Hyatt Vacation Ownership<br />

Meridian Financial Services, Inc.<br />

Outfield Resort Group<br />

TimeShareWare<br />

Trading Places International<br />

Vistana Signature Experiences<br />

VRI<br />

SUPPORTING SPONSORS<br />

Capital Source<br />

Caribbean Hotel & Tourism Association<br />

Caribbean Tourism Association<br />

Crunchy Logistics<br />

Extreme Engineering<br />

FNTC<br />

Greenspoon Marder<br />

Nordis Direct<br />

Quorum Federal Credit Union<br />

Ragatz Associates<br />

SPI Software<br />

STR<br />

Ward Financial<br />

Wellington Financial<br />

Western Alliance Resort Finance<br />

MEDIA SPONSORS<br />

Anuario Inmobiliario Latinoamérica<br />

Developments<br />

Perspective<br />

Resort Trades<br />

Vacation Industry Review<br />

EXCLUSIVE EDUCATIONAL PARTNER<br />

Florida International University Chaplin School of<br />

Hospitality & Tourism Management<br />

15


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

RESORT RESTAURANTS<br />

Reimagined<br />

An Appetite for<br />

out-of-the-Ordinary<br />

Dining BY JOYCE HADLEY COPELAND<br />

Sure, vacation owners love their<br />

kitchens, but eating out has always<br />

been a favorite thing to do when<br />

traveling. Nearly 70 percent of<br />

Interval’s U.S. members surveyed<br />

in 2015 said having a restaurant<br />

on-site was important.<br />

What’s new is that today’s foodies, locavores,<br />

and Food Network–savvy diners are hungry for<br />

more than just a good meal. So a growing number<br />

of timeshare resort restaurants are treating guests<br />

to the culinary experience they crave. Menus tell a<br />

story about homegrown and locally sourced ingredients<br />

and innovative flavor combinations. Chefs<br />

come out of the kitchen to demonstrate their<br />

techniques and answer questions. Dinner plates<br />

are showcased on Facebook and Instagram.<br />

“A couple of years ago, if you wanted to serve<br />

somebody tuna carpaccio, they would say, ‘I don’t<br />

eat bait,’” laughs Jeroen Hanlo, vice president<br />

of food and beverage operations for Karisma<br />

Hotels & Resorts. “That’s all changed. People are<br />

open to being experimental. They like trying<br />

different things.”<br />

Blame it on what’s being called the “Experience<br />

Economy.” Today’s vacationers have an appetite<br />

for participation and connection. According to a<br />

study by Eventbrite, a global ticketing and events<br />

marketplace, the experiential diner is driven by<br />

the desire to be immersed in a unique culinary<br />

concept — a memorable location (76 percent),<br />

a surprising menu or theme (84 percent), or a oneof-a-kind<br />

experience (74 percent) — and three out<br />

of four are willing to pay more for it.<br />

That’s where things start to get interesting.


ABOVE: Great food, great service, and a great sense of place are the ingredients that have earned awards and accolades for Edge Steakhouse at Westgate Park City<br />

Resort and Spa. BELOW: Artful dishes are visual and sensual masterpieces designed to surprise and delight at Karisma’s Le Chique restaurant at Azul Sensatori<br />

Mexico, a Gourmet Inclusive Hotel in the Riviera Maya.


ABOVE: Top chefs and sommeliers come together as part of Karisma Hotels & Resorts’ Gourmet Inclusive Experience to wine, dine, teach, and tantalize<br />

owners and guests with weeklong interactive food and wine experiences. BELOW: From the types of plateware chosen to the depth and breadth of<br />

its wine collection, Westgate Resorts tends to all the details when it comes to creating a successful on-site restaurant, such as Edge Steakhouse.


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

Food as Theater<br />

Every month, Karisma Hotels & Resorts brings together top chefs and<br />

sommeliers in back-to-back events as part of its Gourmet Inclusive<br />

Experience. Owners and guests at Karisma resorts on Mexico’s<br />

Riviera Maya are invited to participate in the Jackson Family Wine<br />

Culinary Series and Canadian Beef Series, by Karisma. Each weeklong<br />

event kicks off with a beach barbecue meet-and-greet, followed<br />

by demonstrations, cooking classes, chef’s tips, vertical tastings,<br />

and expert wine pairings. The events culminate in the Guest Chef and<br />

Wine Master Dinner, prepared live and served in Karisma’s palapa-style<br />

Fuentes Culinary Theatre.<br />

“People can ask questions of the chef and the wine personality. It’s<br />

a truly interactive experience and wonderful culinary entertainment,”<br />

Hanlo says. “We have chefs calling in saying, ‘Hey, I want to be a part of<br />

this.’ We can handpick them.”<br />

Dining is an integral part of the Karisma Gourmet Inclusive<br />

Experience. Every resort has as many as 15 restaurants on-site,<br />

each offering a unique experience. Le Chique — a AAA Five Diamond<br />

Award–winning restaurant at Azul Sensatori Mexico, a Gourmet<br />

Inclusive Hotel in the Riviera Maya — is billed as a multisensory dining<br />

adventure, from its sleek, modernist decor to seasonal tasting menus<br />

featuring foods that are deconstructed, then reconstructed to resemble<br />

something else. Nothing is what it seems: Spheres are cocktails.<br />

Entrees masquerade as dessert served on a pedestal or resting on<br />

a sling. Textures and flavors are designed to puzzle and amaze.<br />

JOYÀ at Vidanta Riviera Maya turns the concept of dinner theater<br />

up a notch by immersing diners in the magical world of JOYÀ, the first<br />

Cirque du Soleil show to include a dining experience as part of the<br />

performance. The resort’s chefs created a three-course meal to mirror<br />

the different acts of the show: Bread is shaped like bonsai trees, an<br />

appetizer plate emits the fog of the forest, the menu can be dipped<br />

in salsa and devoured. Staged in the specially constructed Cirque du<br />

Soleil Theater on-site, JOYÀ is the product of one of many successful<br />

partnerships Grupo Vidanta has embarked upon to add excitement<br />

to its brand.<br />

Getting the Details Right<br />

“We started out in the restaurant business as more of an amenity for<br />

our guests, then we really knuckled down and focused on the quality<br />

of the experience and the quality of the food,” says Mark Waltrip, chief<br />

operating officer of Westgate Resorts. Today, the developer operates<br />

about 50 restaurants and bars within its properties in popular vacation<br />

destinations throughout the U.S.<br />

A small team of food and beverage executives and chefs meticulously<br />

develops branded dining concepts — everything from gourmet<br />

gastropubs to the award-winning Edge Steakhouse at Westgate Park<br />

City Resort and Spa in Park City, Utah. In just four years since it opened,<br />

the restaurant has earned accolades for its menu, including wagyu beef<br />

from cattle raised to the strict standards of American Kobe, wild-caught<br />

fresh fish and seafood flown in daily, complemented with locally sourced<br />

and organically grown produce. The restaurant was recently named one<br />

of the 10 Best Restaurants in Park City, Utah, by USA Today.<br />

“It comes down to three things: You have to have great food,<br />

you have to have great service, and you have to have a great sense<br />

of place,” Waltrip says. With a particular demographic and market<br />

in mind, the team shops the competition and fine-tunes the menu in<br />

Westgate’s Orlando test kitchen. While food is the star, Waltrip believes<br />

the details, such as the seating plan, matter.<br />

“We really look at every seat in the restaurant and we visualize,<br />

Procuring sustainable seafood and local fish and produce<br />

are priorities for community-minded Lakeside Seafood & Grill at<br />

The Huronic Residences at Living Water in Collingwood, Ontario.<br />

Would I be happy sitting at that table?” he explains. “My dream of a<br />

perfect restaurant is like what we did with Edge Steakhouse in Park City.<br />

You walk into that restaurant and there’s a perfect table for everybody.<br />

That, to me, is the ultimate design of a restaurant, creating a comfort<br />

zone where people are happy with the table you walk them up to.”<br />

Instead of the standard booths lined up along a wall, leaving half the<br />

dining party with a view of the wall and the other half trapped behind the<br />

table, Edge mixes circular banquettes with freestanding tables to give<br />

every diner a view of the elegant decor.<br />

“It’s not about just plating up food and kicking it out the door,” Waltrip<br />

says. “It’s really focusing on the details of the guest experience, from<br />

the menu design to the presentation, the type of plateware we use, and<br />

the seating arrangement. Whether we’re doing casual or fine dining, it’s<br />

making sure we ask ourselves this fundamental question: Is this a place<br />

I would want to eat?”<br />

Farm to Fork<br />

A commitment to sustainability is expected these days, says Brandon<br />

Maeda, director of food and beverage for The Westin Ka’anapali Ocean<br />

Resort Villas in Maui, Hawaii. “Nowadays, people are very savvy and<br />

aware of what’s going on in the culinary world. They want to know where<br />

you source your food from. Is this fish being caught responsibly? Where<br />

did you get your cheese? If you’re not being sustainable, if you’re not<br />

using local products, people are not as attracted to you.”<br />

Indeed, 68 percent of American consumers say they are more likely<br />

to visit a restaurant that offers food items from nearby producers, according<br />

to the National Restaurant Association. Headlining its 2016 Top Food<br />

Trends are locally sourced meats, seafood, and produce, as well as<br />

hyper-local food such as herbs and vegetables grown on the premises.<br />

The regional Italian dishes on the menu at The Westin Ka’anapali’s<br />

Pulehu, An Italian Grill are made with vegetables purchased from island<br />

farmers, fresh fish, and local products such as cheese from Maui’s<br />

Surfing Goat Dairy. An on-site aquaponics garden — a chemical-free<br />

environment in which underwater plants are nourished by the by-<br />

19


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

products of live fish — yields fresh mint, basil, and<br />

green onions. “It’s such a great story to be able to<br />

tell guests, ‘We grew this basil 50 feet away from<br />

where you are right now, and we picked it an hour<br />

before we started dinner service.’”<br />

The farm-to-fork philosophy will carry over<br />

to the restaurant at The Westin Nanea Ocean<br />

Villas, also in Maui, scheduled to open this year.<br />

A key component of the sustainability story<br />

is community. “Because of our size, our purchasing<br />

power can really make an impact,” Maeda says.<br />

“The more we use locally, the more we help support<br />

farmers and growers, which, in turn, supports the<br />

community. Being on an island, we need to make<br />

sure we’re driving the local economy in the right<br />

direction, too.”<br />

JOYÀ at Vidanta Riviera Maya blends a dining experience with a Cirque du Soleil<br />

show. The dishes reflect the action on stage, and even the menu can be eaten.<br />

Tying in Timesharing<br />

Timeshare resorts are discovering that creating<br />

buzz by offering a unique restaurant experience<br />

can increase sales, bolster brand loyalty, and generate<br />

additional revenue by attracting more tourists and local residents.<br />

“With 50 restaurant and bar venues, we are a very sizeable force<br />

in the restaurant business,” Waltrip says. “We’re operating at about a<br />

22-percent margin, so it’s become a very healthy, very vibrant part of<br />

our business.” Area tourists and local residents make up two-thirds of<br />

Westgate’s restaurant clientele in the popular vacation destinations<br />

it serves, and Westgate rewards its vacation owners with a 15-percent<br />

discount.<br />

A different formula guided the establishment of Lakeside Seafood<br />

& Grill, a 150-seat steakhouse featuring certified Angus beef, which<br />

opened with the third phase of The Huronic Residences at Living Water<br />

on the shores of Georgian Bay in Collingwood, Ontario, Canada.<br />

“We’re a town with 22,000 people and over 100 restaurants, so it’s<br />

quite a competitive market,” says Warren Smith, executive vice president<br />

of Law Development Group. “Even though we knew we had a great<br />

location, we had to make sure that the resort was big enough to sustain<br />

about 50 percent of the business.” The only waterfront restaurant within<br />

37 miles (60 kilometers), Lakeside was an instant hit — serving steak,<br />

sustainable seafood, fresh lake fish, and locally grown fruits and vegetables<br />

— with phenomenal lake views. “What I’ve heard now is that it’s<br />

really the place to eat in Collingwood,” Smith says.<br />

The decision to also include a 16-seat kitchen theater at the resort<br />

was made with tour generation in mind. “We’ve actually noticed the efficiencies<br />

are quite high on those tours, in particular,” he says. “I think,<br />

traditionally, timeshare marketing has been here’s what you do and you<br />

do it by yourself. This gets people communicating and gives them that<br />

social outlet they’re looking for.”<br />

A Passion for Participating<br />

Participation is the secret ingredient of the new dining experience.<br />

Guests are trying new flavors, learning cooking techniques, touring<br />

on-site greenhouses and aquaponics gardens, and posting photos of<br />

dinner plates on Instagram.<br />

“We’re pushing for more sharing dishes on our menus<br />

so people can literally share food, which brings up a conversation,”<br />

Karisma’s Hanlo says. “We believe in total<br />

transparency. If someone wants to walk with me into the<br />

butchery to see how things are done, that’s not a problem.<br />

We’re proud of the products we have. We know how to<br />

handle them.”<br />

The resorts’ passion for innovation and guest hunger<br />

for new experiences feed on each other. The Westin<br />

Ka’anapali’s Maeda recounts, “Sometimes we’ll post<br />

something, and literally minutes later, somebody will<br />

show up and say, ‘Hey, I just saw this thing about what<br />

you guys are doing. Can you tell me more about it?’ We<br />

have to stay on top of it and be sure that we can answer<br />

those questions and share the stories when people<br />

come to us. It’s exciting.”<br />

Joyce Hadley Copeland, based in Tucson, Arizona, contributes<br />

regularly to travel and hospitality publications and websites.<br />

20


BRAND AND DELIVER<br />

When you align your shared ownership resort with Preferred Residences SM , you benefit from<br />

the support of two powerful legacy brands while you maintain your property’s distinct style.<br />

Backed by Interval International ® and Preferred Hotels & Resorts SM , Preferred Residences is<br />

a hospitality-branded program for luxury resorts, private residence clubs, and condominiumstyle<br />

hotels. Your owners enjoy exclusive Preferred Residences benefits that can be used<br />

throughout the year. They also have access to the best of Interval’s network of resorts —<br />

curated especially for them — along with special discounts and privileges through their<br />

Interval Platinum ® membership. And you will receive custom sales and marketing support<br />

including exclusive lead-generation opportunities.<br />

It’s simple: A partnership with Preferred Residences gives you brand power that delivers<br />

results. And that’s the edge you need in today’s shared ownership market.<br />

For more information, contact Michelle DuChamp at 305.925.7240 or email at Michelle.DuChamp@preferredresidences.com.


The New Gold (and<br />

If you’re not selling Interval Gold ® or Interval Platinum ® ,<br />

you’re missing the chance to close more sales and<br />

keep your owners engaged throughout the year.<br />

Owners enjoy discounts on the best<br />

hotel rates powered by the Orbitz Partner<br />

Network. Interval Gold members take<br />

5 percent off, and Interval Platinum<br />

members save 10 percent on every hotel<br />

stay booked at IntervalWorld.com.<br />

Through Interval Options ® , upgraded<br />

members can trade toward exciting<br />

adventures around the world. Examples<br />

include hands-on golf instruction from<br />

a PGA pro and a chauffeur-led tour of<br />

California Wine Country.<br />

Don’t miss out on this golden opportunity.


Platinum) Standard<br />

Interval’s upgraded memberships are soaring to<br />

new heights, with several exciting benefits that provide<br />

tremendous value.<br />

Give them the chance to play like a<br />

member, with access to nearly 900 private<br />

courses across the U.S. and Canada. Plus,<br />

they’ll get 15 percent off golf equipment<br />

available through Golf Connection.<br />

Your owners enjoy special amenities such<br />

as kitchen tours and table visits from<br />

the chef, when they reserve in advance<br />

through Dining Connection. In all, there are<br />

more than 170 partner restaurants in 22 of<br />

the world’s top markets.<br />

For more information, visit ResortDeveloper.com.


WESTGATE RESORTS<br />

BY JUDY KENNINGER<br />

ALL<br />

ABOUT<br />

THE<br />

Experience<br />

Over the past few years, Westgate<br />

Resorts has developed new marketing<br />

strategies, adopted cutting-edge<br />

technology in its sales centers, and<br />

tried various lead-generation methods.<br />

But what’s made the biggest difference<br />

in growing its considerable owner base<br />

hasn’t been sales and marketing.<br />

“Although we constantly evolve our social media<br />

and marketing offers, what has impacted our value<br />

per guest and other metrics is delivering a higher level<br />

of experience,” says Mark Waltrip, Westgate’s chief<br />

operating officer. “We’ve had tremendous success<br />

with the amenities we offer — the restaurants, the<br />

retail outlets, the spas — all of which are discounted<br />

heavily to owners. It just enhances the value proposition<br />

of being a Westgate owner.”<br />

How successful are these amenities? Consider<br />

this: Built at a cost of US$15 million, the Ship Wreck<br />

Island Water Park, which opened in June 2015 at<br />

Westgate Town Center in Kissimmee, Florida, has<br />

already paid for itself — sales increased by US$1 million<br />

per week after the park opened. Other amenities,<br />

such as the Serenity Spa at Westgate Park City Resort<br />

and Spa in Park City, Utah, consistently outrank similar<br />

facilities at properties such as the nearby Waldorf<br />

Astoria Park City.<br />

“What we’ve learned is that tourists are looking<br />

for a unique experience, and they’re also looking for<br />

a unique value proposition,” Waltrip says. “We don’t<br />

nickel and dime our owners; instead we deliver a great<br />

experience that’s unique to the destination. That formula<br />

is working very well for us.”<br />

WESTGATE PARK CITY RESORT AND SPA, PARK CITY, UTAH<br />

Affordable Amusements<br />

The sales center at Westgate Town Center, on the<br />

second floor of the main building, features a large<br />

wall of windows. To capitalize on the view, Westgate<br />

built the water park on the second floor of a structure<br />

facing those windows, meaning prospective owners<br />

are greeted by the sight of a huge pirate ship. As they<br />

consider buying, they’re looking out at guests cavorting<br />

in the water park.<br />

“We recognized that guests were looking for more<br />

affordable options during their stays,” Waltrip says.<br />

“Theme-park tickets have escalated to the point that<br />

24


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

WESTGATE TOWN CENTER, KISSIMMEE, FLORIDA<br />

guests can no longer afford to attend more than a few days in a week.”<br />

Owners at Westgate Town Center and adjacent Westgate Vacation<br />

Villas and Westgate Towers receive free admission to the water park,<br />

while renters are charged US$20. “Our owners pay a small portion of<br />

their HOA fee toward maintaining the water park, and they love receiving<br />

free admission,” says Waltrip.<br />

Westgate Resorts’ hot dog stand at the Cocoa Beach Pier in Florida.<br />

Fresh Dining Concepts<br />

Westgate has created its own dining concepts such as the awardwinning<br />

Edge Steakhouse in Park City, Utah, and at Westgate Las<br />

Vegas Resort & Casino; Fresco Italiano and Silk Road Asian Bistro,<br />

also in Las Vegas; and Drafts Sports Bar & Grill at Westgate Town<br />

Center and other locations.<br />

“A restaurant is a very important part of the guest experience,”<br />

Waltrip explains. “We don’t want to lose a $20,000 sale because of a<br />

bad experience with a $10 hamburger.”<br />

When creating restaurants, Waltrip maintains that you have to be<br />

the best in that space. “We have a wide variety of restaurants ranging<br />

from fine dining to quick-serve, but regardless of what space we are<br />

25


in, we want to serve the very best food. For instance, we have a hot<br />

dog stand on the Cocoa Beach [Florida] Pier. We want to serve the<br />

best doggone hot dog you can offer — and we do.”<br />

Westgate owners receive a percentage discount off their bill at<br />

resort restaurants, which brings the price down to near Westgate’s<br />

actual costs, says Waltrip.<br />

“Glamping” in Style<br />

Where do guests pay more to sleep in a tent than at a nearby luxury<br />

condominium? At Westgate River Ranch, a 1,700-acre (688 hectares)<br />

ranch, approximately one hour south of Orlando, which also features<br />

a weekly rodeo with trick riding, bull riding, and barrel racing in a<br />

1,200-seat arena.<br />

Of course, they’re not just any tents. Part of the glamping trend,<br />

these tents feature air conditioning, real beds, a private bathroom<br />

facility with a shower, and a staffer to light the nightly campfire.<br />

“We started with just 10 tents, and now have 20,” Waltrip says.<br />

WESTGATE RIVER RANCH, RIVER RANCH, FLORIDA<br />

“We’ve also added 10 luxe teepees with cast-iron bathtubs.” The teepees<br />

sleep up to four guests and have a double-sided stone fireplace,<br />

two leather chairs with an authentic cowhide ottoman, luxury linens,<br />

two rocking chairs, and a private patio deck. The accommodations<br />

are particularly popular with grandparents who bring grandchildren.<br />

“It’s one of the best things we’ve done for the money,” he says. “It<br />

elevates the quality of the ranch itself. The response has been amazing.”<br />

Adding to the overall value proposition for Westgate owners,<br />

Waltrip says, is its affiliation with Interval International. “They’ve<br />

always been a phenomenal partner. We like to keep guests in our<br />

network, but the reality is Interval gives us several thousand added<br />

options and flexibility. Interval also offers other valuable benefits. It<br />

lets our owners know they are valued.”<br />

David Siegel (right) has worked with local and national government instituitons and<br />

leaders to combat drug abuse, including U.S. Surgeon General Vivek Murthy (center),<br />

his staff, and Texas Congressman Pete Sessions (left).<br />

Victoria’s Voice<br />

When David Siegel’s 18-year-old<br />

daughter Victoria died from a drug<br />

overdose on June 6, 2015, the<br />

Westgate founder and CEO, and<br />

timeshare industry leader, shifted<br />

his focus from expanding an empire<br />

to saving lives. “I walk in my office<br />

every day and on the left on my desk<br />

is a pile of resort work, on the right is<br />

a pile of drug-related work,’’ he says.<br />

“I look at the work pile and I think,<br />

money. I look at the drug-related<br />

and I say, lives. My attention goes<br />

to saving lives. I don’t want other<br />

families to go through what we went<br />

through, to lose what we lost.”<br />

To that end, Siegel and his wife,<br />

Jacqueline, started the Victoria’s<br />

Voice Foundation. The foundation’s<br />

mission is three-fold: to encourage<br />

locking up prescription medications<br />

(according to Siegel, 53 percent of<br />

children who use illicit prescription<br />

drugs get them from a relative’s<br />

or friend’s medicine cabinet); to<br />

implement random drug testing<br />

in educational institutions; and<br />

to require the coprescription of<br />

naloxone every time an opiate<br />

painkiller is prescribed. “Naloxone<br />

is a completely safe opiate-reversal<br />

drug that can pull someone out<br />

of an overdose state — even<br />

on the verge of death — into an<br />

immediate withdrawal,” Siegel says.<br />

“It is life-saving and nonaddictive.”<br />

Siegel, a member of the<br />

Orange County Heroin Task<br />

Force, advocated for passage<br />

of the Comprehensive Addiction<br />

and Recovery Act (CARA), which<br />

includes measures for prevention,<br />

drug treatment, recovery, and<br />

support, as well as criminal-justice<br />

reform. The bill was signed by<br />

President Obama on July 22,<br />

2016, and since then, Siegel has<br />

been lobbying the president and<br />

Congress for funding.<br />

“David has been applying the<br />

same creativity that he used to build<br />

Westgate to this issue, and he’s<br />

saving lives,” says Waltrip. “That’s<br />

the big story for Westgate this year.<br />

Yes, we’re growing, but it’s more<br />

important to us that David is leading<br />

the country in fighting the pandemic<br />

of drug abuse, and he’s making a<br />

difference.”<br />

Westgate Resorts<br />

Developer:<br />

Headquarters:<br />

Product:<br />

Resorts:<br />

Price:<br />

Website:<br />

Central Florida Investments/Westgate Resorts<br />

Orlando, Florida<br />

Seasonal floating weeks; owners can lock in some weeks<br />

27 vacation ownership properties throughout the U.S., including resorts in Arizona,<br />

Florida, Mississippi, Missouri, Nevada, South Carolina, Tennessee, Utah, and Virginia<br />

Two-bedroom, one-week: US$25,000 to US$30,000<br />

westgateresorts.com<br />

FAST FACTS<br />

26


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To advertise in Interval World magazine, contact Nicole Meck at +949.470.8324; Nicole.Meck@intervalintl.com.<br />

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+44 (0) 20 8336 9581; Annie.Mercer@intervalintl.com.<br />

In Asia/Pacific, contact Fizah Ibrahim at +65 6318 2510; Norafizah.Ibrahim@intervalintl.com.


MEGA VACATIONS CLUB<br />

By Joyce Hadley Copeland<br />

MEGA VACATIONS CLUB AT HARD ROCK HOTEL MEGAPOLIS, PANAMA CITY, PANAMA


A Different<br />

Kind of<br />

Vacation in<br />

PANAMA<br />

CITY<br />

BY J.B. BISSELL<br />

Although the industry has matured and evolved<br />

in countless positive ways over the course of<br />

the last few decades, the average consumer<br />

still has certain preconceived notions about<br />

what a vacation ownership property looks and<br />

feels like. So let’s be clear right from the beginning:<br />

Mega Vacations Club’s two Panama City<br />

resorts — the Mega Vacations Club at Hard<br />

Rock Hotel Megapolis and Mega Vacations<br />

Club at Radisson Decapolis — do not fit into<br />

any of those preconceived notions, no matter<br />

what they are. And that’s exactly what the<br />

company is going for.<br />

“These are our first vacation club projects,” says Roko Setka, corporate general<br />

director of Megapolis Investment Group, parent company to Mega Vacations<br />

Club. “So our goal from the very beginning was to stand out, and we thought<br />

this was a perfect time to introduce a different kind of vacation experience in this<br />

market.”<br />

Check “standing out” off the to-do list. One quick glance at the property’s<br />

description makes it clear that Mega Vacations Club is offering something completely<br />

different from their regional competitors — and quite different from most<br />

global competitors, for that matter.<br />

For starters, while the vast majority of resorts throughout Central America and<br />

Mexico are either positioned right on an idyllic beach or tucked away on some<br />

nearby bucolic hillside, the Megapolis and Decapolis — adjacent high-rises —<br />

are a prominent piece of the Panama City skyline. The “different kind of vacation<br />

experience” to which Setka is referring is a truly urban escape to Punta Paitilla,<br />

one of the most hip and happening neighborhoods in Panama’s bustling capital.<br />

Setka’s Megapolis Investment Group may be new to the vacation club<br />

business, but the company is quite familiar with the ins and outs of the local<br />

hospitality industry, and has had plenty of previous success developing various<br />

multiuse properties throughout Panama. So, the decision to pursue a timeshare<br />

product based in Punta Paitilla was a calculated one, although also a cinch.<br />

29


MEGA VACATIONS CLUB<br />

“Choosing that vicinity was easy,” recalls Setka. “It was really an<br />

extension of what we’ve already been doing for years. We’re committed<br />

to providing desirable vacation products — and not just services and<br />

places that will sell, but services and places that really do appeal to a<br />

wide range of consumers. We want buyers to be happy and like what<br />

they’ve bought.”<br />

That’s where Punta Paitilla comes in: It’s a desirable locale. All the<br />

trappings of a cosmopolitan city — restaurants and bars, cultural attractions<br />

and boutique shops, public parks and nightclubs — are nearby.<br />

As Marcos Agostini, Interval International’s senior vice president of resort<br />

sales and business development for Latin America, says, “These resorts<br />

provide owners and guests the opportunity to vacation at a very popular<br />

urban destination, and to do so while staying at an attractively branded<br />

development.”<br />

Rock and Roll<br />

Indeed, the Hard Rock brand is just as important to Setka’s vision for<br />

a different kind of experience as the urban setting. “When visitors walk<br />

into the Hard Rock Hotel Megapolis, it definitely doesn’t feel like typical<br />

vacation club accommodations,” he says. And who can argue? After all,<br />

where else would a rock ’n’ roll memorabilia collection be listed as an<br />

on-site amenity? “It is pretty cool,” Setka adds.<br />

Myriad objects are on display throughout the property, so guests<br />

may see something new around every corner. Highlights include wardrobe<br />

pieces from the likes of Beyoncé, Britney Spears, Elton John, Elvis,<br />

and Madonna, as well as a couple of guitars from Kiss and handwritten<br />

lyrics by Johnny Cash.<br />

There are more traditional amenities, too, of course. The infinity<br />

pool — complete with lounge chairs, cabanas, a dedicated waterside<br />

bar, and stunning downtown views — is a centerpiece of the property.<br />

As is the Rock Spa, where treatments range from simple facials to seaweed<br />

wraps, mud baths, and a full menu of different massage options.<br />

Speaking of menus, four restaurants provide diverse dining options,<br />

and there’s even a kids’ club so parents can feel free to take advantage<br />

of the various lounge areas and two nightclubs.<br />

In all, the Hard Rock Hotel Megapolis stretches 66 stories skyward<br />

and contains 1,266 vacation club accommodations. The 92 studios and<br />

851 one-bedroom units all are approximately 400 square feet (37 square<br />

meters). The remaining two-bedrooms are nearly twice that size. All of<br />

the rooms feature floor-to-ceiling windows, modern furnishings, and stylish<br />

decorations. And in true Hard Rock fashion, the Sound of Your Stay<br />

program allows guests to customize various in-room musical offerings<br />

when they check in.<br />

MEGA VACATIONS CLUB AT HARD ROCK HOTEL MEGAPOLIS<br />

All the trappings of a cosmopolitan<br />

city — restaurants and bars, cultural<br />

attractions and boutique shops, public<br />

parks and nightclubs — are nearby.<br />

MEGA VACATIONS CLUB AT HARD ROCK HOTEL MEGAPOLIS<br />

MEGA VACATIONS CLUB AT HARD ROCK HOTEL MEGAPOLIS<br />

Quiet Cool<br />

The Radisson Decapolis, also branded with a trusted name from the hospitality<br />

arena, might not carry quite as much swagger as the Megapolis,<br />

but it does offer something a number of potential owners are sure to<br />

appreciate. “It’s a little more mellow, a little quieter,” says Setka. “Don’t<br />

get me wrong, though, it’s still cool, but in a different way.”<br />

Admittedly, unveiling two vacation ownership projects that are literally<br />

next-door neighbors might seem a bit strange. In hindsight, however,<br />

it could prove to be a stroke of genius. “Remember, it’s the neighborhood<br />

that is so desirable,” Setka explains. “This is a premier destination<br />

within Panama City. The Hard Rock will appeal to some purchasers, the<br />

Radisson Decapolis to others. But Punta Paitilla appeals to all travelers.”<br />

30


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

And the Radisson Decapolis should appeal to consumers who are<br />

interested in the prime city location, but would like a more easy-going<br />

version of it. Elton John, Kiss, Madonna, and other pop stars aren’t to<br />

thank for the decorations at the Decapolis. Instead, colorful Panamanian<br />

art — some by local painters — accents the up-to-date, comfortable<br />

decor. And while it’s not difficult to find a cocktail, there are no nightclubs<br />

on the premises pumping out dance-ready songs by the aforementioned<br />

performers.<br />

Still, the Decapolis is hardly devoid of top-notch amenities. Along<br />

with the 240 total units — 60 studios and 180 one-bedrooms, all of<br />

which span approximately 400 square feet (37 square meters) — there’s<br />

a beauty salon, fitness center, and gift shop, and the three restaurants<br />

serve everything from an inviting breakfast buffet to gourmet seafood to<br />

just-like-homemade pasta to fresh and flavorful sushi.<br />

Like the Megapolis, the Decapolis has a rooftop swimming pool that<br />

has become a favorite place for owners and visitors to relax. And for<br />

those looking for rejuvenation in the form of facials, massages, and fullbody<br />

treatments, the Aqua Spa is open daily.<br />

MEGA VACATIONS CLUB AT RADISSON DECAPOLIS<br />

MEGA VACATIONS CLUB AT RADISSON DECAPOLIS<br />

Self-Marketing<br />

The properties are tempting enough on their own, but throw in the enviable<br />

location, not to mention the fact that both are within easy walking<br />

distance to a movie theater complex, casino, and the Multicentro shopping<br />

mall (an associated beach club situated some 30 minutes away is<br />

also in the works), and it may seem as though the marketing would take<br />

care of itself. To some extent, that’s true.<br />

Prices for the two-week, right-to-use program start at US$9,900 and<br />

top out at US$27,900. And for now, most of the sales effort takes place<br />

on-site, to Panamanian, South American, and U.S. travelers who are<br />

already in town for either business or pleasure. “We do some local advertising,”<br />

explains Setka, “but we have so many guests who automatically<br />

are interested in the product because they’re staying with us for other<br />

reasons, that we decided to focus most of our attention on them.”<br />

And they decided to let Interval International focus on the exchange<br />

program. “Interval obviously has a stellar reputation, not just for quality<br />

resort affiliations, but for exceptional member service,” Setka says. “We<br />

felt that the Hard Rock Hotel Megapolis and Radisson Decapolis would<br />

make nice additions to their worldwide network, and that when our owners<br />

wanted to exchange, to try something new or unfamiliar, they would<br />

be in good hands and appreciate all the added leisure benefits Interval<br />

provides. It’s a great opportunity for both companies.”<br />

It also helps ensure that Mega Vacations Club’s owners are always<br />

getting what Setka envisioned for them in the first place: a different kind<br />

of vacation experience.<br />

MEGA VACATIONS CLUB AT RADISSON DECAPOLIS<br />

Mega Vacations Club<br />

FAST FACTS<br />

DEVELOPER:<br />

HEADQUARTERS:<br />

PRODUCT:<br />

RESORTS:<br />

PRICE:<br />

WEBSITE:<br />

Megapolis Investment Group<br />

Panama City, Panama<br />

Two weeks per year for 10-, 20-, and 30-year right-to-use with floating weeks and units<br />

MEGA VACATIONS CLUB AT HARD ROCK HOTEL MEGAPOLIS: 1,266 units — 92 studios,<br />

851 one-bedrooms, 323 two-bedrooms<br />

MEGA VACATIONS CLUB AT RADISSON DECAPOLIS: 240 units — 60 studios, 180 one-bedrooms<br />

US$9,900 to US$27,900 based on property, unit size, and season<br />

megavacationsclub.com<br />

31


WAYQEY HOTEL AND<br />

WAYQEY LODGE<br />

MYSTICISM<br />

AND MAGIC IN<br />

PERU’S<br />

SACRED<br />

VALLEY<br />

BY KATHY HERNANDEZ<br />

At 11,155 feet (3,400 meters) in the<br />

Andes Mountains, the city of Cusco,<br />

Peru (a 60-minute flight from Lima), is<br />

still as majestic as ever, since its days as<br />

the capital of the powerful Incan Empire.<br />

Just about an hour’s drive from Cusco<br />

is Urubamba, in the Sacred Valley of the<br />

Incas, close to the iconic ruins of Machu<br />

Picchu, the Lost City of the Incas.<br />

Betsy Sheldon<br />

bluebay2014/Deposit Photos<br />

It is here in the Cusco Region of Peru, in the last year and a half,<br />

that Comercializadora de Inversiones Sirius SAC built its Cusco<br />

city hotel and its unique lodge in Urubamba to immerse owners<br />

and guests in the local culture, spirit, and traditions of the area,<br />

unique in both the country and in the world.<br />

“Our vision right from the start was to capture the mysticism<br />

and magic of an ancient land and translate that into an authentic<br />

and pleasant experience in Cusco and Urubamba,” explains<br />

Jose Antonio Iturrizaga, CEO of Comercializadora de Inversiones<br />

Sirius SAC. “These properties were our plan of continued growth<br />

and development since affiliating our Sauce Alto Resort and<br />

Country Club in Cieneguilla, 40 minutes from Lima, with Interval<br />

International in 1998.”<br />

Culture and Comfort in Cusco<br />

The 30-unit Wayqey Hotel in Cusco, with 10 one-bedroom suites<br />

and 20 standard units, is just a short drive from the Alejandro<br />

Velasco Astete International Airport, and located a few blocks from<br />

the heart of the city’s historic center. The property is steps from the<br />

Museo Inka, the Qorikancha Temple to the Incan Sun God, and the<br />

artisan shops of the San Blas neighborhood.<br />

Each 300-square-foot (28 square meters) suite, with traditional<br />

but modern design, has a kitchenette and sitting area with a sofa<br />

bed. On-site amenities include Wi-Fi, cable TV, a 24-hour front<br />

desk, concierge service, and room service from the hotel’s restaurant<br />

and bar. After a day of sightseeing in the area, guests can relax<br />

on the seventh-floor sky room, which offers spectacular panoramic<br />

views of the city.<br />

Wayqey Hotel is within walking distance from the Plaza de<br />

Armas, the main square that is also known as the Square of the<br />

Warrior. Many important events in the history of the city occurred<br />

here, such as the proclamation by Francisco Pizarro in the conquest<br />

of Cusco in the 16th century.<br />

“At Wayqey Hotel, we want our guests to have large rooms<br />

and suites, personal attention, and all the comforts of home, even<br />

though they are in the city,” says Iturrizaga. “It is as simple and as<br />

important as that.”<br />

Immersed in the Sacred Valley<br />

Sister property Wayqey Lodge, located in the village of Urubamba,<br />

features 14 two-bedroom, three-level units with rustic local-inspired<br />

decor and classic design. Amenities include a kitchen, dining and<br />

living areas, Wi-Fi, and cable TV.<br />

Close by are the important archaeological landmarks in Písac<br />

and Ollantaytambo, where visitors catch the train to majestic Machu<br />

Picchu and witness the splendor of Old Peak, the 15th-century Inca<br />

site located 7,970 feet (2,430 meters) above sea level, and situated<br />

on a mountain ridge above the Sacred Valley of the Incas. Sliced<br />

by the Urubamba River, it is 50 miles (80 kilometers) northwest of<br />

Cusco.<br />

With traditional influences woven into their cabin design<br />

and cultural experiences in the area all around them, guests can<br />

immerse themselves in the local community.<br />

32<br />

WAYQEY LODGE, URUBAMBA


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

MACHU PICCHU<br />

WAYQEY HOTEL, CUSCO<br />

33


WAYQEY HOTEL, CUSCO<br />

“Our Wayqey Lodge is a sanctuary for families and friends to have a<br />

unique experience and feel at home, even though they are very far from<br />

home,” Iturrizaga says. “With both our properties, we want to provide<br />

comfort and a first-class experience at the same time, while also defining<br />

the Peruvian culture and customs.”<br />

Planning for Success<br />

Promoting both hotel products and brands to national and international<br />

audiences is a priority. The company’s most successful marketing<br />

tool is its referral program, along with the use of OPCs and<br />

mini-vacations. “We want our guests to experience our excellent<br />

installations and services, and then refer their friends and others.<br />

This helps us build brand recognition and loyalty, and allows us to<br />

grow,” Iturrizaga adds.<br />

He considers Wayqey Hotel and Wayqey Lodge’s Interval<br />

International affiliation to be a huge selling point and benefit to prospective<br />

members, who will not only get to experience the Wayqey properties,<br />

but also have access to a diverse collection of resorts around the world.<br />

“We have enjoyed a productive partnership with Interval International<br />

for the last 18 years, through our first property in Lima. Now, with our<br />

growing membership, it is important that our members can literally see<br />

the world through Interval’s high-quality exchange network.”<br />

Marcos Agostini, senior vice president of Interval International’s resort<br />

sales and business development for Latin America, is equally enthusiastic<br />

about the impact that Wayqey Hotel and Wayqey Lodge have on<br />

Interval’s portfolio.<br />

“We are thrilled to add these properties to our exchange network,” he<br />

says. “Our members will now be able to visit two of Peru’s most-valued<br />

destinations and experience their magic. And with Peru enjoying a boom<br />

in tourism, growing at an annual rate of 25 percent over the past five<br />

years, we are very buoyant on the role that vacation ownership can play<br />

in the country.”<br />

Continuing the Dream<br />

The dream of providing culturally rich vacation experiences to its growing<br />

member base is flourishing for the developer, with its newest properties in<br />

the Cusco Region of Peru. While the primary market of prospective members<br />

and guests are from the U.S. and Europe, the company also has its<br />

sights on emerging markets such as Asia and Australia.<br />

According to Iturrizaga, five key elements will keep them on track in<br />

Cusco and Urubamba, as they continue their quest and set out to achieve<br />

their membership-growth goals across all markets.<br />

“First, it starts with the destination. What we build and the experience<br />

we create need to communicate where you are and how that is<br />

unique and special. Second, we then have to make sure the ambiance<br />

of our units and resort matches what guests experience in the surrounding<br />

area,” he details. “Third, we need to make sure the overall concept<br />

and those elements communicate the magic and mysticism of Peruvian<br />

culture and traditions. Then, we need to assure the high quality of our<br />

services and installations. Last, but not least, we need an excellent work<br />

team to deliver it all.”<br />

For Comercializadora de Inversiones Sirius SAC, its properties, and<br />

its members and guests, a journey of inspiration begins and ends with the<br />

mysticism and magic of an ancient land. Delivering the experience and<br />

living it are both unforgettable.<br />

Kathy Hernandez is president of Orlando, Florida–based KHA PR, a public relations and<br />

marketing communications firm. She has more than 30 years of experience in the tourism<br />

and timeshare industries.<br />

Wayqey Hotel and Wayqey Lodge<br />

Developer:<br />

Location:<br />

Product:<br />

Units:<br />

Price:<br />

Website:<br />

Comercializadora de Inversiones Sirius SAC<br />

WAYQEY HOTEL: Cusco, Peru; WAYQEY LODGE: Urubamba, Peru<br />

10-year right-to-use floating weeks<br />

WAYQEY HOTEL: 30 units; 10 one-bedrooms and 20 standard units<br />

WAYQEY LODGE: 14 two-bedrooms<br />

From US$6,000 to US$23,000<br />

wayqey.com<br />

FAST FACTS<br />

34


VACATION INDUSTRY<br />

OCTOBER – DECEMBER 2016<br />

A PUBLICATION OF ILG<br />

Phuket<br />

ASIA’S FIELD OF DREAMS<br />

IS CUBA READY<br />

FOR TIMESHARING?<br />

REACHING OUT TO<br />

TRAVELERS WITH<br />

DISABILITIES<br />

PROFILES: Angsana Vacation Club | Club Unique | Hacienda Encantada Resort & Spa | Holiday Inn Club Vacations<br />

Williamsburg Resort | Marriott Vacation Club Pulse | Vistana Signature Experiences | Welk Resort Group<br />

virna16octdec_C1-Front Cover.indd 1<br />

9/8/16 11:01 AM<br />

impact<br />

Advertise with<br />

Readers of Vacation Industry Review are active members of the vacation<br />

ownership and hospitality sectors. They use the magazine as a tool to keep<br />

up with what’s happening and to fi nd out about new products and services.<br />

A Vacation Industry Review reader survey found:<br />

More than 80 percent say that the editorial content of<br />

Vacation Industry Review is useful or valuable to them.<br />

In excess of three-fourths indicate that the advertised<br />

products and services in Vacation Industry Review are useful or valuable.<br />

Get the results you need — call today.<br />

TO PLACE AN AD IN<br />

VACATION INDUSTRY REVIEW:<br />

Contact Nicole Meck<br />

Phone: 949.470.8324<br />

Email: Nicole.Meck@intervalintl.com<br />

RESORTDEVELOPER.COM


CLC RESORT WORLD PROFILE RESORTS & HOTELS<br />

Designing<br />

for the<br />

FUTURE<br />

Since its formation in 1984 with the opening of<br />

CLC Las Farolas Royale on Spain’s Costa del Sol,<br />

CLC World Resorts & Hotels has become one of<br />

Europe’s leading resort operators, with developments<br />

in top tourist locations spanning the globe.<br />

Building on these strong foundations, company founder and<br />

chairman Roy Peires and his board of directors have driven the company<br />

forward, delivering on the mission statement to exceed customer<br />

expectations.<br />

Recognizing that a positive customer experience from the outset<br />

is essential, CLC World Resorts & Hotels has developed sales and<br />

marketing tools to promote brand awareness and achieve the company’s<br />

targeted conversion rate of lead generations. The design and<br />

development of resorts and accommodations that appeal to its target<br />

audience and the timeshare market further ensures the achievement<br />

of the company’s goals.<br />

Signature Status<br />

Peires’ vision has always been to design to impress, from the layout<br />

of a resort with landscaped gardens, environmentally compatible buildings,<br />

and stylish interiors — all immaculately maintained — to the look<br />

and feel of the CLC World Travel Centres and the interactive multimedia<br />

sales presentation.<br />

From the moment of initial contact to the purchase and enjoyment<br />

of a CLC World product, each element of the process has been<br />

considered and designed to generate new members and heighten<br />

the customer experience.<br />

In summer 2014, CLC World introduced a new level of luxury<br />

CLC REGAL OAKS, KISSIMMEE, FLORIDA<br />

36


JANUARY – MARCH 2017<br />

VACATION INDUSTRY REVIEW<br />

RESORTDEVELOPER.COM<br />

to the product portfolio with its Santa Cruz Signature Suites at<br />

California Beach Resort in Málaga, Spain — a design that has been<br />

replicated at several CLC resorts including CLC San Diego Suites,<br />

also at California Beach Resort. Selected units were transformed to<br />

even higher levels of comfort and styling with top-quality furnishings<br />

and decor — each suite unique in design. From monogrammed<br />

linens to high-end kitchen fixtures and fittings, the suites deliver a<br />

taste of opulent living complemented by a host of amenities and<br />

facilities, from a private hot tub to dedicated concierge service.<br />

But that was just the beginning. In spring 2015, CLC World<br />

launched the CLC Signature Collection — a portfolio of apartments<br />

in Spain and on Tenerife in the Canary Islands, planned with luxury<br />

and individuality at the forefront. CLC World’s interior designer,<br />

Beatriz Lario Slavenburg, ripped up the rulebook, moving away from<br />

the uniform to the more eclectic style of a real home while maintaining<br />

the luxuriousness found at a five-star hotel. Coupled with<br />

the concierge service and personal-chef dining experiences, CLC<br />

Signature Collection is a marriage of hotel service and resort rental —<br />

services, amenities, luxury, and space, all in one package.<br />

The creation of new and exciting products and the refurbishment<br />

of existing units continues apace, taking its lead from customer<br />

feedback received directly from existing members, CLC World<br />

Travel Centres, and social media content — from sources such as<br />

TripAdvisor, Twitter, and CLC World’s own Facebook pages.<br />

CLC MONTEREY, COSTA ADEJE, TENERIFE, SPAIN<br />

CLC CASTILLO DEL REY, MIJAS-COSTA, MÁLAGA, SPAIN<br />

Website Makeover<br />

It is the CLC Experience that the company believes sets it apart — crafted<br />

with all guests in mind and offering diversity of accommodation styles<br />

and destinations, and a multitude of on-site options, whether for dining,<br />

entertainment, or activities. Sharing the CLC Experience is a key element<br />

of the company marketing strategy — to increase brand awareness with<br />

the target audience before contact is made and potential members have<br />

set foot in a CLC World Travel Centre or on a resort.<br />

Communication of the CLC Experience is conveyed primarily<br />

through the company website, the interactive sales presentation, and<br />

social media platforms.<br />

In September 2016, CLC World relaunched its website, moving<br />

from a very corporate feel that was heavy on text, to a visually driven<br />

design that clearly displays the products and their benefits.<br />

The new website pulls together all the previously disparate<br />

elements of the company and unites them under one banner that,<br />

according to Patrick Ingram, CLC World’s chief operating officer,<br />

“better showcases our products and fabulous client experience,<br />

highlighting how what we offer far surpasses our competitors.” The<br />

fresh and dynamic design has redirected the focus to the experience<br />

of vacationing at CLC World resorts.<br />

A New Blueprint for Sales<br />

The rejuvenated sales presentation known as the Electronic Sales Aid<br />

(ESA) was launched in conjunction with the website. Along with adopting<br />

the visual focus of clcworld.com, it utilizes new technology to allow for a<br />

multimedia, interactive sales experience. With the use of tablets that summon<br />

managers to the table, face-to-face contact with prospects can be<br />

maintained, making the process smoother and more customer-focused.<br />

In addition, the ESA includes a 3-D comparison of an actual CLC<br />

World unit to a standard hotel room, driving home a key component<br />

CLC SAN DIEGO SUITES AT CALIFORNIA BEACH RESORT, MIJAS-COSTA, MÁLAGA<br />

of vacation ownership: more space, luxury, amenities, and service.<br />

Furthermore, the sales teams utilize digital media instead of relying solely<br />

on brochures to sell the products.<br />

Sales efforts are also augmented by the relationship with Interval<br />

International. The exchange benefit further enhances the value of the<br />

CLC World vacation product, and the Interval-provided sales aids help<br />

convey this benefit to prospects. There’s the online Resort Directory, featuring<br />

hundreds of affiliated resorts. And Interval HD, the high-definition<br />

destination and resort videos on IntervalWorld.com, is widely used in the<br />

sales process. Based on customer information and interests, sales staff<br />

can select the most appropriate videos to show.<br />

37


CLC WORLD RESORTS & HOTELS<br />

CLC CASTILLO DEL REY<br />

Two New Travel Centres<br />

To feed the burgeoning sales pipeline and produce new leads, CLC<br />

World has opened two new CLC World Travel Centres in Manchester and<br />

Milton Keynes in the U.K. Providing the brand with greater accessibility<br />

for a wider geographical spread, the offices help bolster the company’s<br />

city-based strategy.<br />

Within these new Travel Centres, the latest developments in technology<br />

allow CLC to take customers on an interactive journey of discovery<br />

through their products. Videos on high-definition panels in reception areas<br />

establish brand identity from the outset. A small theater at the Conduit<br />

Street Travel Centre in London allows customers to fully explore the CLC<br />

CLUB LA COSTA YACHT CLUB<br />

Experience, while the ESA is shown on dedicated 32-inch screens.<br />

The success of focusing on the customer journey and experience is<br />

quite apparent from the early results from the two new CLC World Travel<br />

Centres, both easily hitting their sales targets in the first month of operation.<br />

Future Models<br />

Going forward, CLC World foresees the continued expansion of the<br />

company’s Travel Centres across the U.K., with all sites fully converted<br />

to the new digital format in early 2017.<br />

Integrated social media on clcworld.com and the continuing drive<br />

for high engagement rates across all relevant social media platforms will<br />

further enable brand awareness and enhance member interaction. Fresh<br />

content will keep the website current and interesting, with further evolutions<br />

planned for 2017.<br />

At the heart of CLC World’s designs for the future are the core values<br />

that have been the driving force behind the company since day one:<br />

namely, Peires’ mission “to deliver memorable holiday experiences serviced<br />

to standards that consistently exceed customer expectations.”<br />

With this in mind, the member website will also be redesigned in 2017<br />

to provide improved functionality and reflect the corporate website<br />

approach.<br />

CLC World is committed to continuing its design odyssey into the<br />

foreseeable future.<br />

CLC World Resorts & Hotels<br />

Developer:<br />

Headquarters:<br />

Product:<br />

Price:<br />

Resorts:<br />

Website:<br />

Club La Costa (U.K.) Plc; Roy Peires, chairman and founder<br />

U.K.; offices in Spain and U.S.<br />

Fractional Destinations Club, Fractional Property Owners Club, CLC Signature Collection,<br />

Club La Costa Yacht Club, and Canaltime<br />

Points packages raging from US$8,000 to US$80,000<br />

31 mixed-use resorts in U.S., U.K. (England and Scotland), Spain, Austria, and Turkey<br />

clcworld.com<br />

FAST FACTS<br />

38


Equiant Financial Services | 40<br />

Bank of America Visa Card | 41<br />

Meridian Financial Services | 42<br />

Entertainment Promotions | 43<br />

DG Film Company | 44<br />

Fidelity | 45<br />

Harbor Linen | 46<br />

39


Celebrating<br />

More Than<br />

30 Years<br />

of Providing<br />

Servicing<br />

Solutions<br />

Equiant Delivers<br />

Receivables Excellence<br />

Interval International ® has partnered with Equiant, a<br />

leading provider of consumer accounts receivables<br />

outsourcing, to help affiliated resorts maximize revenues,<br />

control payment cycles, satisfy staffing needs, and<br />

improve the overall performance of their businesses.<br />

Equiant’s servicing solutions combine industry expertise<br />

with a partnership approach at volume-based pricing, all<br />

while striving to exceed client expectations.<br />

Resorts that choose to participate in this Interval<br />

Affiliate Advantage can receive preferential pricing on:<br />

n Loan receivables servicing<br />

n HOA/maintenance servicing<br />

n Invoicing and payment processing<br />

n Merchant services including POS transactions<br />

n Delinquency control<br />

n Portfolio management<br />

n Platform as a Service (PAAS)<br />

n On-site transitional staffing<br />

n Document custody services<br />

n Securitization reporting<br />

n Backup reporting<br />

n Data collection analytics (BITS)<br />

n Disaster recovery plans<br />

To find out how Equiant can create a custom solution that suits<br />

your operational needs, contact Peter Moody, vice president of<br />

business development, by telephone at 480.636.4888, or by email at<br />

PMoody@equiant.com.<br />

40


The Interval International Visa Signature ®<br />

card with WorldPoints ® rewards builds<br />

brand affinity with your owners’ vacation<br />

purchase decision. Present this valuable<br />

card to prospective owners as an alternate<br />

form of payment for their unit purchase or<br />

an affordable trial ownership program. The<br />

online application process is quick and<br />

convenient, and the card is yet another<br />

perk of Interval membership.<br />

The Interval International<br />

Visa Signature ® Card<br />

With WorldPoints ® Rewards<br />

Is a Tool for Our Times<br />

When you tell your prospective owners about<br />

the Interval International Visa Signature ® card<br />

with WorldPoints ® rewards, you will be offering<br />

them a card with:<br />

■ No annual fee<br />

■ 5,000 bonus points if they make at least $500 in<br />

purchases in the first 90 days*<br />

■ 1 point for each net retail purchase dollar spent,<br />

including the vacation ownership down payment<br />

■ Points that can be redeemed for:<br />

• Interval International ® membership renewals<br />

and upgrades<br />

• Cash<br />

• Hotel, car rental, and air travel rewards<br />

• Cruise discounts and onboard credits<br />

• Gift cards from top retailers<br />

• Resort Accommodations Certificates<br />

This information is for educational purposes to be used by resort affiliates of Interval International and is not intended to be provided directly to potential applicants for a credit<br />

card. Please refer customers who wish to have more information or to apply for a credit card to Interval International. Offer is valid for U.S. citizens and residents.<br />

*Bonus Points Offer. You will qualify for 5,000 bonus points if you use your new credit card account to make any combination of Purchase transactions totaling at least $500<br />

(exclusive of any fees, returns, and adjustments) that post to your account within 90 days of the account open date.<br />

Limit one bonus points offer per new account. This one-time promotion is limited to new customers opening an account in response to this offer.<br />

Other advertised promotional bonus points offers can vary from this promotion and may not be substituted. Allow 8 to 12 weeks from qualifying<br />

for the bonus points to post to your rewards balance. The value of this reward may constitute taxable income to you. You may be issued an<br />

Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward. Please consult your tax advisor, as<br />

neither we, nor our affiliates, provide tax advice.<br />

This credit card program is issued and administered by Bank of America, N.A. Visa and Visa Signature are registered trademarks of<br />

Visa International Service Association, and are used by the issuer pursuant to license from Visa U.S.A., Inc. WorldPoints, Bank of<br />

America, and Bank of America logo are registered trademarks of Bank of America Corporation. ©2017 Bank of America Corporation.<br />

To learn more about promoting this credit card to your prospective<br />

owners, contact Interval International at 866.554.8168,<br />

email WorldPoints@intervalintl.com, or visit ResortDeveloper.com.<br />

41


Meridian Financial<br />

Services = Collections<br />

at No Cost to You<br />

Meridian is a veteran of the shared ownership industry. We<br />

understand the impact of bad debt, as well as the<br />

importance of keeping your owners’ accounts current, and<br />

preserving their confidence in the purchase decision.<br />

Meridian Financial Services, an Interval Affiliate<br />

Advantage, is a sophisticated third-party collection<br />

agency able to service whole and partial portfolios.<br />

Services include:<br />

n Full-service collection agency for<br />

domestic and international clients<br />

n No-cost-to-client recovery program<br />

n Customized industry collection strategies<br />

n Credit reporting<br />

n Skiptracing<br />

n Online services<br />

n Credit and collection consulting<br />

Take Advantage of Preferential Pricing<br />

and Value-Added Benefits<br />

42<br />

To learn, at no cost, how Meridian can work for you, please contact:<br />

Greg Sheperd, president,<br />

+866.294.7120, ext. 6705; GSheperd@merid.com<br />

Zaida Smith, vice president, international sales,<br />

+866.294.7120, ext. 6747; ZSmith@merid.com


Discount<br />

Shopping Dollars<br />

POWERED BY<br />

Enhance Sales and<br />

Marketing Programs<br />

Through its long-standing relationship with<br />

Entertainment ® , Interval International ® offers preferred<br />

rates on Discount Shopping Dollars as a marketing tool.<br />

This Interval Affiliate Advantage provides a high-value sales<br />

proposition at attractive prices. The premium can be used<br />

as a purchase incentive, customer reward, or for any<br />

other sales or marketing purpose.<br />

Discount Shopping Dollars features:<br />

n Online offers that save buyers up to 90 percent on brandname<br />

merchandise, dining, and entertainment<br />

n More than 200,000 bargains<br />

n Denominations from $25 to $500<br />

n Customizable based on quantity purchased<br />

n Flexible delivery methods<br />

n The trusted brand of Entertainment ® , a recognized market<br />

leader in the discounts and promotions sector<br />

n Discount Dining Dollars also available<br />

To learn more, contact Entertainment Promotions TM at +855.554.3231<br />

or email Interval@entertainment.com.<br />

43


Keeping Resorts Competitive<br />

in the Digital Age<br />

DG Film Company, a full-service production company<br />

with more than 17 years of experience — including the<br />

creation of customized resort presentations worldwide —<br />

has joined the Interval Affiliate Advantages program.<br />

n DG Film Company offers professional film<br />

presentations that meet clients’ marketing needs<br />

while remaining within budget<br />

n Resorts are showcased in a captivating style,<br />

incorporating creative video elements that appeal to<br />

clients’ target audiences<br />

n Website videos boost Internet search results and<br />

increase the rate of viewer response<br />

For a two- to three-minute showcase video,<br />

participating resorts will receive preferential pricing on<br />

the following:<br />

n Script development, including music and narration<br />

n On-location filming of interiors, exteriors, amenities, or<br />

other aspects of the resort or destination<br />

n Interviews with resort representatives and owners<br />

n Aerial and underwater shots<br />

n Video optimization for the Internet and master DVD<br />

for in-house application<br />

Resort video footage can be included on Interval HD<br />

at IntervalWorld.com.<br />

44<br />

Sample videos can be found at dgfilmco.com.<br />

See how DG Film Company can help achieve crucial<br />

marketing goals for your resort property.<br />

Contact the company at 435.674.1133 or by email at<br />

Production@dgfilmco.com.


Trust<br />

a Proven Leader<br />

Fidelity National Timeshare provides a variety of<br />

transaction-focused services exclusively to the<br />

shared ownership industry. Led by industry veterans,<br />

this powerhouse offers decades of experience and a<br />

wealth of real-world knowledge.<br />

As an Affiliate Advantages partner,<br />

Fidelity National Timeshare offers resorts affiliated<br />

with Interval International preferential pricing* on:<br />

n Agent and escrow services<br />

n Document management<br />

n Default solutions<br />

n Inventory control<br />

n Title insurance<br />

n Trustee assistance<br />

n Merchant account processing<br />

n Accommodation recordings<br />

*Excluding pricing that is set by local, state, or federal governments.<br />

To learn more, contact Kerri Luther, national director of<br />

business development, at Timeshare@fnf.com.<br />

45


With more than 40 years as a manufacturer and<br />

distributor of institutional textiles made specifically for<br />

the hospitality industry, Harbor Linen has put together<br />

the most extensive line of bed and bath linens<br />

available today.<br />

With the power of Bed Bath & Beyond behind us, we are<br />

able to provide our customers around the globe with a<br />

quality product, shipped in a timely manner, at a very<br />

competitive price.<br />

We want to help grow your business. Here’s what we offer:<br />

n Seasoned team of hospitality experts<br />

n Nationwide and international sales force<br />

n Preferential pricing with volume discounts available to<br />

Interval International–affiliated resorts<br />

n Free freight (in the continental U.S.)<br />

n Bonded warehouse in Miami for Caribbean shipments<br />

n Distribution centers in:<br />

• New Jersey • Georgia<br />

• Missouri • California<br />

• Florida • Nevada<br />

• Panama • Mexico<br />

46<br />

To learn more, contact:<br />

Chris Rogers, vice president,<br />

800.257.7858, ext. 4459; Crogers@harborlinen.com<br />

Tammy Zarrilli, sales executive,<br />

800.257.7858, ext. 4413; Tzarrilli@harborlinen.com


PULSE<br />

Marcos Agostoni<br />

Kelly Frank Robert Gaynor Larry Gildersleeve Gene Pence<br />

Marcos Agostini has been promoted to executive vice president<br />

of business development for Interval International. In his new<br />

role, he directs worldwide resort sales and service, and Interval’s<br />

business-development initiatives. Agostini joined the company in<br />

1993 and has held positions of increasing responsibilities. Most<br />

recently, he was vice president of resort sales and business development<br />

for Latin America.<br />

Kelly Frank has been appointed to the new role of chief human<br />

resources officer for ILG. In this position, she oversees company-wide<br />

HR strategy for the 10,000-plus employees. Frank comes to ILG<br />

from Starwood Hotels & Resorts Worldwide, where she served as<br />

senior vice president of HR for the Americas. She has also worked for<br />

The Walt Disney Company. Frank holds a master’s degree in business<br />

administration from Rollins College in Winter Park, Florida.<br />

Robert Gaynor has been promoted to senior vice president of enterprise<br />

technology for ILG. He joined the company in 2007 as vice<br />

president of technology services and since that time, he’s been<br />

responsible for the technology infrastructure, networks, data-center<br />

operations, end-user computing, and business continuity for VRI/TPI,<br />

HVO, Aqua-Aston, and Interval International.<br />

Larry Gildersleeve, founder and CEO of Gildersleeve Partners LLC,<br />

has published his first novel, Dancing Alone Without Music. Amazon<br />

awarded the book its best-seller designation in three categories. The<br />

novel reached No. 5 nationwide in the inspirational fiction category.<br />

Gildersleeve directs activities of Customized Solutions, a division of<br />

Gildersleeve Partners, and serves as a resort industry consultant.<br />

Gene Pence has been promoted to senior vice president of application<br />

systems for ILG’s property management companies. He has responsibility<br />

for defining the application-technology strategy and vision, and<br />

directing the evaluation, acquisition, and implementation of application<br />

technologies and services. Pence joined Interval in 1995, and has held<br />

several positions in IT and other business areas.<br />

Take flight.<br />

We provide unique,<br />

nimble solutions<br />

for everything your<br />

project needs.<br />

Big<br />

happy family.<br />

Alamo.<br />

Chicago.<br />

Commonwealth.<br />

Fidelity.<br />

Four brands. One<br />

company.<br />

Top that.<br />

Title, escrow,<br />

foreclosures,<br />

trustee services.<br />

We do it all.<br />

How you roll.<br />

Agency?<br />

Direct?<br />

We roll how<br />

you roll.<br />

TIMESHARE<br />

Take a look at the whole picture.<br />

You don’t want just anyone<br />

handling your timeshare transactions.<br />

Fidelity National Timeshare We’ve got you covered.<br />

timeshare@fnf.com | www.fidelitytimeshare.com<br />

47


The Mayflower<br />

Hotel, Autograph<br />

Collection,<br />

a Marriott<br />

International<br />

hotel in<br />

Washington, D.C.<br />

Sergio Rivera<br />

David Valdes<br />

Sergio Rivera has been named president and CEO of the vacation<br />

ownership operating segment of ILG. His responsibilities include leading<br />

the vacation ownership activity for Vistana TM Signature Experiences,<br />

as well as for Hyatt Vacation Ownership. Rivera was most recently president<br />

of the Americas for Starwood Hotels & Resorts Worldwide. He<br />

also served as president and CEO of Starwood Vacation Ownership<br />

(now Vistana Signature Experiences), and has more than 25 years of<br />

experience in real estate development and finance, design, operations,<br />

consumer marketing and sales, and brand development.<br />

David Valdes has been promoted to senior vice president of application<br />

systems for Interval International. He is responsible for directing<br />

all aspects of the systems development life cycle, including project<br />

management, business analysis, application architecture, design,<br />

coding, and quality assurance for all in-house-developed and thirdparty<br />

applications. Valdes has been with Interval for 29 years.<br />

MARRIOTT ACQUISITION CREATES<br />

WORLD’S LARGEST HOTEL COMPANY<br />

Marriott International, Inc. completed its US$13 billion acquisition<br />

of Starwood Hotels & Resorts Worldwide in September 2016,<br />

creating the world’s largest hotel company. The merger with<br />

Starwood increases Marriott’s portfolio of brands from 19 to<br />

30, and results in more than 5,700 hotels, amounting to 1.1<br />

million rooms, in over 110 countries. This acquisition has more<br />

than doubled Marriott’s distribution in Asia and the Middle East<br />

and Africa combined.<br />

“With the addition of Starwood’s strong brands, great properties,<br />

and talented people, we have dramatically expanded our<br />

ability to provide the best experiences to our customers,” notes<br />

J.W. Marriott Jr., executive chairman and chairman of the board of<br />

Marriott International. “We also welcome the tremendous responsibility<br />

as the world’s largest hotel company to be a good global<br />

steward, providing new opportunities for our associates and<br />

building the economic strength of the communities we call home.”<br />

FIRST AMERICAN TITLE<br />

VACATION OWNERSHIP SERVICES<br />

With four offices dedicated<br />

solely to Vacation Ownership,<br />

First American Title is a trusted<br />

leader in the industry, providing<br />

the services you need and the<br />

support you can count on.<br />

ESCROW & CLOSING<br />

TITLE & UNDERWRITING<br />

TECHNOLOGY<br />

FORECLOSURE SERVICES<br />

BUSINESS DEVELOPMENT CONTACTS<br />

Jennifer Munoz | 702.808.3148 Mike Dalberth | 702.539.6862<br />

Ginger Matsukawa | 702.277.8409 Kathy Mizusawa | 808.368.7480<br />

Julie Thompson | 407.739.2541<br />

HONOLULU<br />

1132 Bishop Street,<br />

Suite 1830<br />

Honolulu, HI 96814<br />

O: 808.539.7504<br />

Lisa Redell<br />

D: 808.539.5098<br />

LAS VEGAS<br />

400 S. Rampart<br />

Blvd., Suite 290<br />

Las Vegas, NV 89145<br />

O: 702.792.6863<br />

J.R. Albrecht<br />

D: 702.304.7514<br />

ORLANDO<br />

400 International<br />

Parkway, Suite 380<br />

Lake Mary, FL 32746<br />

O: 407.754.1320<br />

Nicole Jackson<br />

D: 407.754.1323<br />

SAN DIEGO<br />

277 Rancheros<br />

Drive, Suite 180<br />

San Marcos, CA 92069<br />

O: 760.916.1001<br />

Cina Pearo<br />

D: 760.916.1010<br />

EXECUTIVE TEAM<br />

Wayne Sobien, SVP<br />

Cleiby Jarukaruta, VP of Operations<br />

O: 407.754.1320 | C: 407.312.6313 O: 702.304.7543 | C: 702.376.8372<br />

TRUSTEE SERVICES<br />

CUSTODIAL SERVICES<br />

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AMD: 11/2016<br />

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48


MARK YOUR<br />

CALENDAR!<br />

OCTOBER<br />

23 – 25 | 2017<br />

The 19th annual International Shared Ownership<br />

Investment Conference<br />

O C T O B E R<br />

23 24 25<br />

AT THE<br />

For sponsorship and conference information, visit SharedOwnershipInvestment.com.

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