Accor Premiere Vacation Club Renews Existing Agreement and Affiliates Its New Asia Vacation Club with Interval International

LONDON, Aug. 24 /PRNewswire-AsiaNet/ --

Interval International, a leading global vacation exchange company and operating business of IAC (Nasdaq: IACI), has announced the renewal and extension of its master affiliation with Accor Premiere Vacation Club (APVC). The agreement extends the relationship from APVC's existing business in Australia, New Zealand, and Fiji to include the affiliation of its new Asian club and all of its future timeshare business in Asia and the Pacific. In addition to the affiliation, APVC has selected Interval to provide a variety of additional services, including the operation of its new points-based Asian vacation club.

The new APVC club premiered in Indonesia with the opening of its first Asian property in May 2007, as part of the Novotel Nusa Dua in Bali, Indonesia. The Hotel also features its first Asian APVC Sales Office.

"We chose to expand our relationship with Interval because we greatly value the high level of professionalism and service it has delivered to our owners and to our staff during the past six years," said Marty Kandel, chief executive officer of APVC. "In addition to Bali, we now anticipate entering the market in Thailand, India, and Singapore. We feel strongly that Interval is the perfect choice to be our exchange service partner at this time of rapid growth."

"We look forward to working closely with Marty and his team as they expand their presence in the Asia-Pacific region," said Craig M. Nash, Interval's chairman and chief executive officer. "Accor is one of the most respected hospitality brands in the world and we share its confidence in the tremendous potential for vacation ownership in this strategic market." Michael Issenberg, managing director of Accor Asia Pacific, added:

"Accor already has established a strong hotel presence in the region, and we see great potential for the vacation ownership division to complement our business in many parts of Asia."

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