RCI, the global provider of leisure travel services, took part in this year's ATM with the aim of attracting investors in the region interested in developing hotel and resort properties targeting the timeshare market.
"ATM has proved to be an ideal platform for us to interact with potential developers within the region that have identified the value of the timeshare industry and its potential in the Middle East," stated El Nowaiem. "The response we have seen so far has been great, as it lead to a number of serious talks on the development of additional timeshare properties within Dubai, to add to the IFA Hotels and Resorts project that we had announced recently on The Jumeirah Palm."
The talks are not only focused on Dubai, but the region as a whole. "We are noticing keen interest from other parts of the region, as some of the talks we are having are with developers from different parts of the Middle East. Once we finalize an agreement, we will announce the location of the property," he further added.
Vacation Ownership is today the fastest growing segment of the travel and tourism industry with a growth rate that is twice the industry growth. With over 3,700 resorts in 100 countries and over 3 million member families, RCI is the undisputed world leader in the vacation ownership industry. "ATM has also helped us attract RCI Community members, which were pleased with the opportunity of direct interaction through our ATM presence," concluded El-Noawiem.
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RCI Middle East eyeing new developments
- United Arab Emirates: Thursday, May 06 - 2004 at 08:21
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RCI Middle East participation in Arab Travel Market (ATM) 2004, which is taking place in Dubai, has opened up talks on a number of new timeshare developments within the region, announced Yehia El Nowaiem, General Manager of RCI Middle East.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, May 06 - 2004 at 08:21 UAE local time (GMT+4)
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About RCI:
RCI is a global provider of leisure travel services to businesses and
consumers and the global leader in vacation property exchange. As a growth partner to its business clients, RCI leverages core competencies in networks, technology, brand and product development and world-class customer service to deliver superior vacation experiences for travelers anywhere in the world.
RCI operates the world's largest vacation exchange network, RCI Weeks, with 3 million members around the world, as well as the world's only global points-based exchange network, RCI Points. On a per-member basis, RCI sends its members on vacation almost twice as often as its nearest vacation exchange competitor. RCI is a subsidiary of Cendant Corporation (NYSE: CD), a global provider of services primarily in travel and real estate.
For further information, please contact:
Ayman AlSaleh or Melanie Fernandes, Promoseven Weber Shandwick Dubai,
Tel +971 4 3210077, Fax +971 4 3211711.
RCI is a global provider of leisure travel services to businesses and
consumers and the global leader in vacation property exchange. As a growth partner to its business clients, RCI leverages core competencies in networks, technology, brand and product development and world-class customer service to deliver superior vacation experiences for travelers anywhere in the world.
RCI operates the world's largest vacation exchange network, RCI Weeks, with 3 million members around the world, as well as the world's only global points-based exchange network, RCI Points. On a per-member basis, RCI sends its members on vacation almost twice as often as its nearest vacation exchange competitor. RCI is a subsidiary of Cendant Corporation (NYSE: CD), a global provider of services primarily in travel and real estate.
For further information, please contact:
Ayman AlSaleh or Melanie Fernandes, Promoseven Weber Shandwick Dubai,
Tel +971 4 3210077, Fax +971 4 3211711.
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