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4Dec07 Press Release

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  • 4Dec07 Press Release

    LEADING VACATION OWNERSHIP COMPANY LAUNCHES GLOBAL HOSPITALITY BRAND

    Las Vegas - December 4 2007 - Diamond Resorts International® (DRI)
    officially announced the launch of its new brand strategy with a
    series of global initiatives designed to consistently provide the
    highest standards of satisfaction, hospitality and guest experiences
    throughout its nearly 100 resorts.

    The rebranding initiatives follow the April 2007 acquisition of
    Sunterra Corporation by Diamond Resorts.

    The primary brand tenets simplicity, choice and comfort were
    developed over a series of months based on extensive owner and
    customer research. "Simplicity reflects our owners' desire for
    simpler products and simple elegance in our resorts," says Stephen J.
    Cloobeck, Chairman and Chief Executive Officer of DRI. "It is being
    brought to life through upgraded accommodation standards, a complete
    make over of our points-based system, renamed THE Club(SM), and an
    internal audit geared toward simplifying all of our day-to-day
    operations for efficiency and profitability."

    Choice and comfort are also at the forefront of operational
    changes. "Our owners demanded greater choice and we are delivering it
    as seamlessly as possible" says DRI President and Chief Operating
    Officer Simon Crawford-Welch Ph.D., RRP. "Over the next twelve
    months, a well planned and deliberate growth strategy will provide
    our owners with more vacation choices in more diverse destinations
    around the world. In addition, each of our branded-service programs
    will offer home-away-from-home comfort `touches' designed to exceed
    every owners' expectations."

    A new tagline, - Relaxation. simplified, reflects the changes that
    simplicity, choice and comfort will bring to a typically hectic and
    stressful process. DRI's more than 5000 team members, led by a team
    of seasoned timeshare industry veterans, are committing themselves to
    providing owners with clear, simple communication and the delivery of
    a seamless branded hospitality experience to its more that 360,000
    owners worldwide.

    "Internally, we've already started the process of integrating our
    brand tenets into every facet of our business," says DRI Chief
    Experience Officer Patrick Duffy. "With resorts in 14 countries and
    more than 50 nationalities represented in our owner-base, simplicity,
    choice and comfort will become the global language driving our
    innovative customer-centric training and hospitality programs. In an
    increasingly competitive industry, our sustainable competitive
    advantage will be achieved by consistently exceeding our customers'
    expectations."

    DRI expects its new brand initiatives to be fully deployed and
    embraced in each of its resorts and operations by Q2 2008.

    Diamond Resorts International®, based in Las Vegas, Nev., is one of
    the largest vacation ownership companies in the world with nearly 100
    branded and affiliated resorts throughout the continental United
    States and Hawaii, Canada, Mexico, the Caribbean and Europe. Offering
    simplicity, choice and comfort to its more than 360,000 owners
    through the branded-service of more than 5,000 team members
    worldwide, Diamond Resorts International® is dedicated to providing
    its guests with effortless and relaxing vacation experiences every
    time, for a lifetime.

    For more information, please visit DiamondResorts.com
    ... not enough time for all the timeshares ®
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