Marriott Vacation Club Expands in Asia
WASHINGTON, DC, July 28, 2006. Marriott Vacation Club International (MVCI), is showing continued growth into Asia with the opening of its Asia Pacific Regional headquarters in Singapore.
As the first major branded hospitality company in the Asian timeshare market, MVCI brings more than 22 years of experience to consumers in this region. MVCI Asia Pacific will introduce a new Club Points product uniquely tailored to the vacationing habits of consumers in Asia. The program offers flexibility of use such as duration of stay, accommodation size and location at Club resorts in addition to exchange at MVCI resorts around the world.
"The development of Marriott's Phuket Beach Club in 2001 was just the beginning of our long-range plans for the Asia Pacific region. We have recognized for quite some time that while timeshare is booming elsewhere in the world, Asia is still a relatively untapped market. I am excited about the opportunities that are upon us to offer exceptional vacation experiences to consumers in Asia," said Steve Weisz, president, Marriott Vacation Club International.
The regional Asia Pacific team based in Singapore is lead by Harold Derrah, senior vice president and managing director, MVCI Asia Pacific.
MVCI will continue to develop its core product of deeded or right-to-use vacation ownership resorts in addition to the points-based product for consumers in Asia. Current Asia Pacific plans include developing properties across the region, and utilizing inventory at the existing Marriott's Phuket Beach Club. Marriott's Grand Chateau in Las Vegas, and Marriott's Ko Olina Beach Club, Oahu, Hawaii will also provide inventory to the Club Points product.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
