Diamond Resorts International(R) Chairman and CEO Stephen J. Cloobeck Appointed to Board of Directors for New Corporation for Travel Promotion by U.S. Commerce Secretary

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Global hospitality and vacation ownership company veteran to help lead efforts of non-profit Corporation for Travel Promotion (CTP) to promote travel to the U.S.

Diamond Resorts International® (DRI), a global leader in the hospitality and vacation ownership industries, today announced that its Chairman and Chief Executive Officer, Stephen J. Cloobeck, has been named to serve on the Corporation for Travel Promotion (CTP) Board of Directors.

On September 11, 2010, U.S. Commerce Secretary Gary Locke appointed 11 travel and tourism industry leaders to serve on the Corporation for Travel Promotion (CTP) Board of Directors. The CTP is a new non-profit corporation that will promote travel to the United States and communicate and improve the entry process so that visitors want to return.

The Corporation will help enhance the competitiveness of an already robust industry, which supports more than 8 million American jobs and is a critical source of export strength. Many other nations operate ministries of tourism that actively market their countries as tourist destinations around the world. The Corporation will help get America into the game and encourage people across the globe to travel to the U.S.

“Diamond Resorts International®, with more than 160 branded and affiliated resorts in 26 countries, is extremely versed in bringing customers to market, and I am both honored and excited to be named to the CTP and to help bolster our government efforts to promote America as a travel destination,” says Stephen J. Cloobeck, Chairman and Chief Executive Officer, Diamond Resorts International®.

Cloobeck brings nearly three decades of resort development, building and construction, finance, sales and marketing, hospitality service and resort operations expertise to the CTP, and joins other travel and tourism industry leaders named to the CTP board of directors.

The Travel Promotion Act of 2009 created the CTP to develop and execute a plan to (a) provide useful information to those interested in traveling to the United States; (b) identify and address perceptions regarding U.S. entry policies; (c) maximize the economic and diplomatic benefits of travel to the United States through the use of various promotional tools; and (d) ensure that international travel benefits all states and the District of Columbia.

Annually, nearly 1.4 million owners, members and guests enjoy the simplicity, choice and comfort Diamond Resorts International® offers through our branded hospitality experience.

Diamond Resorts International®, with global headquarters in Las Vegas, Nev., is one of the largest vacation ownership companies in the world with more than 160 branded and affiliated resorts and over 24,000 guest beds in 26 countries with destinations throughout the continental United States and Hawaii, Canada, Mexico, the Caribbean, Europe, Asia, Australia and Africa. Offering simplicity, choice and comfort to more than 400,000 owners and members through the branded hospitality service of more than 5,500 team members worldwide, Diamond Resorts International® is dedicated to providing its guests with effortless and relaxing vacation experiences every time, for a lifetime. To learn more, visit DiamondResorts.com.

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Kimberly A. Perette, Chief of Corporate
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