RCI completes 40 years of operations
Celebrations included panel discussions with eminent speakers in Goa
Goa, 25th September, 2014: RCI, the world leader in vacation exchange programmes has marked the completion of its 40 years of operations with a one day in-depth vacation ownership industry presentation at Holiday Inn, Cavelossim, Goa.
The one day event witnessed a host of panel discussions and lively debates with renowned personalities and was attended by over 200 leading players from travel & tourism industry.
Mr. Pali S. Badwal, Managing Director, RCI India Pvt. Ltd said, “I am delighted to announce today, that RCI which has completed 40 years of operations globally. As we look back we can proudly say that RCI has truly achieved the very best services for its customers in timeshare industry.”
He further added “The booming travel & tourism industry in India offers many opportunities not only for the traveler, but also for travel organizers. RCI is very much committed to enhancing the growing requirement of this timeshare industry.”
Eminent speakers shared their vision on the vacation industry in India; timeshare regulations around the world, investments in the industry and future development of resorts in the 21st Century among other topics.
Prominent panelists at the sessions included Mr. Sean Lowe – Managing Director RCI Europe, Middle East, Africa and India; Gregg Anderson, Global Vice President, The Registry Collection, Dimitris Manikis, VP Business Development RCI Europe, Middle East & Africa; Mr. Arun K. Nanda, Chairman, Mahindra Holidays and Resorts India Ltd. & Mahindra Life space Developers Ltd; Ramesh Ramanathan, Managing Director, Sterling Holiday Resorts India Ltd.
The conference agenda included sessions covering timeshare in the context of India and the International markets, growth scenarios, industry regulations, panel discussions and thought stimulating discussions on the road map for the next phase of growth. This conference was an opportunity for existing resort owners, timeshare marketing professionals, industry body representatives and even those contemplating getting into timeshare to come together – to share, learn, collaborate and ideate about the future of Timeshare industry.
The theme for the conference was ‘Imagine Possibilities’ which is apt in today’s scenario. The conference was mainly held to discuss about the growing affluent consumer base which is the Indian middle class. Setting up of a strong regulatory body, where the rights of consumers are protected and adhered to by all the industry players was discussed and talked about. Discussion was also held on the increasing supply to fulfill demand of consumers who take shorter breaks throughout the year and also how the fluctuation in airfares is triggering a trend of drive to holidays.
RCI has over 135 resorts in India and over 4500 resorts in more than 100 countries. The travel pattern of Indians has changed in the past few years hence the need for newer destinations is on the rise in the Indian sub continent. People have started to think and understand the importance of taking a break from their regular routine work and hence there is a need for a holiday or a vacation. Due to the ‘Cash rich and time poor’ philosophy of most of the people, it is important that the hospitality industry caters to provide shorter breaks to the consumer.
With new travelling destinations emerging in India the travel pattern has changed and there has also been a vast change in the demographic segment of consumers in the age group of 30 to 40+years. People are more prone towards adventure and exploring new places. The double income kit theory has increased the disposable income of people thereby leading to more mature travel destinations which are different than the usual places.
The new genre of traveler is now ready to be explored is Adventure, Wild Life and Spiritual travel destinations. People now prefer to opt for smaller destinations as they are known for their serenity, calmness and there they can experience the actual feeling of a holiday. Also due to easy availability of visas and seamless documentation, travelling to neighboring countries like Sri Lanka and Bhutan are also preferred by a lot of people.
The new emerging destinations apart from the usual hill stations are Kanha, Bandhavgarh, North-East region, Karwar and Ganpatipule. Mature travelers are now ready to explore new destinations.
Drive in to your Destination is the latest new trend that is catching on fast in India where one can drive to their destination of their choice with last minute confirmed hotel bookings.
RCI is the worldwide leader in vacation exchange with nearly 4,500 affiliated resorts in more than 100 countries. RCI pioneered the concept of vacation exchange in 1974, offering members increased flexibility and versatility with their vacation ownership experience. Today, through RCI Weeks®, the traditional week-for-week exchange system, and RCI Points®, the industry’s first global points-based exchange system, RCI provides flexible vacation options to its approximately 3.7 million RCI subscribing members each year. RCI’s luxury exchange program, The Registry Collection®, is the world’s largest program of its kind with approximately 200 affiliated properties either accessible for exchange or under development on six continents. RCI is part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (NYSE: WYN). For additional information visit our media center, rciaffiliates.com or The RCI Blog. RCI also can be found on Facebook, YouTube and Twitter.