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In April 2018, Marriott Vacations Worldwide announced that they would purchase ILG, Inc. for $4.7 billion. [11] Miami, Florida-based ILG was the parent entity to Interval International which was founded in 1976. [12] Interval International operates global membership programs for more than 1.6-million-member families.
ILG, Inc. is an American timeshare company and a subsidiary of Marriott Vacations Worldwide. It was formerly a subsidiary of the corporation IAC. ILG is the parent company of Interval International, a provider of membership and leisure services to the vacation industry. ILG consists of two operating segments: membership and exchange.
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Marriott Bonvoy is Marriott's current loyalty program and was formed in the February 2019 merger of its three former rewards programs: Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest. Starwood Preferred Guest (also known as SPG) was founded in 1999 as the first in the industry to enforce a policy of no blackout dates, no ...