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RCI Milestones
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- 1974 - RCI incorporates in Virginia; RCI opens office in Park
Fletcher, Indianapolis, Ind.; First resort affiliated; 453 members
enrolled.
- 1975 - First resort directory published;First member newsletter
released; 236 exchanges confirmed; Worldwide timeshare sales total $490
million USD.
- 1976 - First office outside U.S. opens in Mexico.
- 1977 - London office opens; Endless Vacation® magazine debuts (32
pages); RCI automates exchange; RCI's annual revenue is $1.5 million
USD.
- 1978 - First European timeshare conference held in London; Richard
Ragatz publishes U.S. Resort Timeshare Purchasers: Who They Are, Where They
Buy, the first published research study on the timeshare industry.
- 1979 - RCI Travel, a full-service travel agency, opens in
Indianapolis.
- 1980 - Offices open in Monaco and Australia; Toll-free lines open
seven days a week; Red/Blue/White seasons established.
- 1981 - Offices open in Japan and Florida.
- 1982 - Offices open in Argentina and California; RCI confirms
54,038 exchanges; RCI has 682 resort affiliates.
- 1983 - South Africa office opens; RCI makes "Inc. 500," a list of
the fastest growing, privately owned businesses in the U.S.
- 1984 - Offices open in France, Colorado, Massachusetts, and
Georgia.
- 1985 - 1000th resort affiliates; Resorts of International
Distinction resort quality award program established; RCI Perspective (now RCI
Ventures®), a magazine for the timeshare industry, debuts for RCI affiliates;
Worldwide timeshare sales total $1.5 billion USD.
- 1986 - Holiday, RCI's European member magazine launches; Offices
open in Germany and Italy; RCI's headquarters moves to office at Woodview
Trace in Indianapolis.
- 1987 - Portugal office opens; RCI confirms 300,000
exchanges.
- 1988 - Offices open in Denmark and Mexico.
- 1989 - RCI has one million subscribing member families; RCI
upgrades to IBM's largest computer system, the 3090-400E; RCI's annual revenue
is $107 million USD.
- 1990 - RCI adds offices in Venezuela, Greece, Spain, Tenerife and
Mexico; RCI handles three million phone calls; Timeshare industry is growing
at 15 percent annually.
- 1991 - Offices open in Canada, and Finland; RCI Gold Crown Resort®
quality award recognition program established; Disney Vacation Club affiliates
with RCI.
- 1992 - Offices open in Singapore, India, and Brazil; RCI confirms
1.14 million exchanges.
- 1993 - Office opens in Turkey; Hilton Grand Vacation Club
affiliates with RCI; RCI establishes RCI Management.
- 1994 - Offices open in Egypt and Israel; RCI celebrates 20 years of
great vacations with 1.8 million members, 2,853 resorts, and confirmations of
1,396,785 exchanges; RCI has 3,400 employees at 54 offices in 26
countries.
- 1995 - RCI has two million member families; RCI buys Resort
Computer Corp.; RCI opens RCI Consulting.
- 1996 - Office opens in Russia; HFS (now Cendant) purchases RCI;
RCI's annual revenue exceeds $300 million USD; RCI.com is launched.
- 1997 - RCI introduces the Preferred Alliances program; RCI
affiliates 500th Gold Crown Resort; HFS and CUC International, Inc., merge to
form Cendant Corporation, parent company of RCI.
- 1998 - Vacation Plaza office opens in Indianapolis; Cork, Ireland
call center opens; RCI has 2.5 million members and nearly 3,500
resorts.
- 1999 - RCI confirms more than 2.7 million exchanges, sending an
estimated 7.5 million people on vacation; RCI world headquarters moves to
Parsippany, N.J.
- 2000 - Ken May is appointed Chairman and Chief Executive Officer
for RCI; RCI launches the world's first global points-based exchange system,
RCI Points.
- 2001 - RCI introduces an exchange program for owners at private
residence clubs; RCI establishes a representative office in Beijing,
China.
- 2002 - RCI launches a new Web site for members called the RCI
Community; In the face of a post 9/11 travel slump, U.S. timeshare sales grow
by 14 percent to $5.5 billion USD, further demonstrating timeshare's
traditional resiliency; RCI acquires Hotel Dynamics, a leading provider of
occupancy and revenue solutions to hospitality companies; RCI enters the
vacation rental market with Holiday Network (sm), a worldwide vacation rental
channel for consumers; RCI surpasses the three million member mark.
- 2003 - RCI Points has 350,000 members; RCI opens new office in
Dubai, UAE; RCI has 3,750 affiliated resorts located in 100 countries.
- 2004 - RCI celebrates 30 years of great vacations! Ends year with
over 3 million members, more than 3, 700 affiliated resorts in 101 countries
and 2.6 million member exchanges made.
- 2005 - RCI and the Cendant Vacation Rental Group operate in a new
organization called Cendant Vacation Network Group(CVNG) headed by Ken May,
chairman & CEO. CVNG becomes the global leader in leisure accommodations
with exclusive access to 60,000 vacation properties worldwide.
- 2006 - To further leverage RCI's unique brand equity in the
vacation ownership exchange businesses, and in recognition of the recent
integration of RCI with European vacation rental businesses, Cendant Vacation
Network Group becomes RCI Global Vacation Network. Its Leisure Real Estate
Solutions business is renamed NorthCourse.
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