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Despite Recession, Trendwest Numbers Increase

REDMOND, WA-Locally-based Trendwest Resorts Inc. reports total revenues of $110.3 million for the quarter ended Dec. 31, 2001, a 26.1% increase over the $87.5 million reported in the same quarter last year.

By Gina Binole | Updated on January 31, 2002

REDMOND, WA-With tour flows returning to normal levels and marketing efforts at full speed, Trendwest Resorts Inc. is reporting total revenues of $110.3 million for the quarter ended Dec. 31, 2001, a 26.1% increase over the $87.5 million reported in the same quarter last year.

For the year ended December 31, 2001, the timeshare company says revenues were $469.2 million, up 39.0% from $337.6 million last year.

“While the 2001 fourth quarter presented many challenges for us, we continued to grow our business. Our sales and marketing costs were negatively impacted due to the events of Sept. 11. However, our tour flow has since returned to normal levels, and we continue to work on improving our overall sales and marketing costs. Additionally, our financial results continue to benefit from the current interest rate environment,” Bill Peare, president and CEO said in announcing the news. “We are moving into 2002 focused on improving operating efficiencies to move more sales dollars to the bottom-line.”

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