RCI, the leading timeshare exchange and travel services organisation, has appointed Alexandra Obolensky to head up the company�s external and internal communications in Europe, as corporate communications director.

Based at the company�s European HQ in Hammersmith, London, Alexandra has been appointed to raise the profile of RCI in the UK and Europe and specifically the benefits of timeshare and timeshare exchange, in addition to overseeing the company�s internal communications activities. RCI has public relations agencies in its key markets - the UK, Spain, Germany, Italy and France. She will report to the chief executive RCI Europe, Preben Vestdam.

�RCI is the market leader and has an excellent reputation among its three million member base worldwide. Timeshare is a multi-billion dollar industry growing at around 12% per annum globally. The RCI product proposition in terms of the benefits of timeshare exchange and related travel opportunities and what it contributes to world tourism, is a compelling story and one which deserves to be told, � comments Obolensky.

Alexandra started her PR career in travel and leisure consultancy before moving in-house. She has held senior European roles at American Express, Reuters and PeoplePC.

-ends- Note to Editors: RCI is a global provider of leisure travel services to businesses and consumers, with market leadership positions in holiday property exchange, rental and resort management. As a growth partner to its business clients, RCI leverages core competencies in branding, networking and partnering to unlock the value of leisure assets in vacation ownership, real estate, hospitality, travel & tourism. Based in Parsippany, N.J., RCI is a subsidiary of Cendant Corporation.

For further information, please contact: Rebecca Genin, Samantha Jones or Geoff Saltmarsh The Saltmarsh Partnership Tel: 020 7928 1600 Fax: 020 7928 1700 E-mail: rebecca@saltmarshpr.co.uk The Copperfields, 25d Copperfield Street, London SE1 0EN