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RCI to provide worldwide support to the Sol Melia Vacation Network
Friday, June 10, 2005
Sol Melia, the largest resort hotel company in the world and market leader in Spain, Latin America and the Caribbean, and RCI, the global leader in vacation exchange, announced a new club servicing and exchange affiliation agreement to support the Sol Melia Vacation Network (SMVNetwork) worldwide.

Through the agreement, RCI will provide the SMVNetwork with consultancy, club reservations, exchange privileges and other services. Through SMVNetwork, members have access to Sol Melia Vacation Club resorts in Latin America, the Caribbean and Europe; Sol Melia`s 350 hotels and resorts located in over 30 countries and more than 3,700 RCI affiliated resorts worldwide.

Our relationship with RCI provides us with an opportunity to support our global vacation club network, said Alain Grange, chief executive, Sol Melia Vacation Club. We look forward to growing our existing relationship with RCI and leveraging the company`s customer service capability.

Our new agreement represents a reaffirmation of our mutual goals to ensure that each and every Sol Melia member receives the highest quality customer experience and service, said Dave Pontius, president and chief executive officer, RCI North America.
Theodore Koumelis - Friday, June 10, 2005
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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