The destination club company Exclusive Resorts says it’s seeing signs of improvement in the luxury travel market.
It said Tuesday its sales of membership upgrades and new memberships for access to its luxury vacation properties totaled $66 million in 2010, which is up more than 50 percent from 2009.
In 2010, with effects of the recession lingering, it added flexible payment plans and allowed all members to send extended family on vacations.
The private Denver-based company reports an annual revenue stream of $100 million. It didn’t disclose net income for 2010, but CEO Jeff Potter says earnings before interest, taxes, depreciation and amortization were positive in 2010.
The company has tried to keep costs low. Over the last three years, layoffs have affected about 25 percent of its work force.