Apartment In London Rental Vacation

Group RCI (formerly, Resort Condominiums International) is a division of the firm Wyndham Worldwide (previously Cendant).

In October 2009, Group RCI, a part of the Wyndham Worldwide family of companies (NYSE: WYN), was renamed Wyndham Exchange and Rentals to more accurately reflect the two very profitable fee-based businesses where Wyndham Worldwide has leadership positions. Wyndham Exchange and Rentals is the parent company of numerous corporate subsidiaries, including those that offer the following brands and services: RCI®, the largest vacation exchange company in the world; NOVASOL®, continental Europe’s largest rental company for holiday homes with over 26,000 cottages available for rent in more than 20 European countries; Landal GreenParks®, a bungalow park management and rental business with more than 60 parks and approximately 11,000 bungalows in the Netherlands, Germany, Belgium, Austria, Switzerland and the Czech Republic, serving over 2 million guests each year; Holiday Cottages Group, comprised of 20 established brands within the holiday rental market, including English Country Cottages, Cottages4you and Welcome Cottages, offering access to more than 18,000 properties across the U.K. and Europe and serving 1 million guests each year; Cuendet®, offering a collection of Tuscany villa rentals, castles, vacation villas, farm houses, cottages and apartments throughout Italy; Endless Vacation Rentals®, offering over 200,000 vacation rentals in approximately 100 countries (www.EVRentals.com); The Registry Collection®; and, North Course ® Leisure Real Estate Solutions, an international specialist in the leisure real estate industry, providing advisory, research, and sales and marketing services to developers and investors around the world. Wyndham Exchange and Rentals

Founded in 1974 by Jon and Christel DeHaan, it has grown to become one of the larger brokers of timeshare trades. RCI has over 4,000 affiliated resorts in over 100 countries around the world . Its membership base is approximately 3.6 million members worldwide. RCI operates two main exchange programs - RCI Weeks and RCI Points.

Corporate structure

RCI's CEO and president is Geoffrey A. Ballotti. RCI's corporate headquarters is located in Parsippany, New Jersey. Its North American membership office is located in Indianapolis, Indiana and European membership office is located in Kettering, England, with several satellite servicing offices around world (ie. Saint John, Mexico City, Cork, Ireland, Manila, Philippines , Bangalore, India, Singapore, Singapore, Dubai, United Arab Emirates, Montevideo, Uruguay) etc.

Currently, RCI's biggest competitors in the timeshare market are Interval International and Trading Places International .

In July 2007, RCI was merged with Holiday Cottages Group, another of Wyndham Worldwide's subsidiaries. The two would still retain their individual names but operate under the parent name GroupRCI.

Business model

Timeshare Exchange is often confused with Timeshare Sales. RCI is in the business of timeshare exchanges. It does not develop or sell timeshares. Customers who buy a timeshare with an RCI-affiliated developer have the option to become a paid member of RCI. Such membership entitles them to exchange (swap) their timeshare with other members. RCI facilitates and fulfills the exchange.

Litigation

A class action lawsuit is currently pending against RCI, being led by Green Welling LLP. The Plaintiff alleges that RCI actually rents out the most desirable and highly demanded vacation weeks from the spacebank, thus depleting the most desirable options available to Weeks Program members who seek exchanges. .

References

1. ^ Wyndham Exchange and Rentals
2. ^ Browse all 4,704 RCI Affiliated Resorts
3. ^ About Interval International
4. ^ Trading Places International
5. ^ Green Welling files a nationwide class action in New Jersey on behalf of RCI Weeks Program members.

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