Ramada Franchise Systems Inc. Launches 'Tis the Season Rates

PARSIPPANY, N.J. (Nov. 5, 2002) – Ramada Franchise Systems Inc. today announced the launch of its ‘Tis the Season rates, which offer consumers discounts of up to 20 percent on hotel stays, subject to availability, at participating locations from Nov. 4 through Jan. 2, 2003.

Consumers can take advantage of Ramada ‘Tis The Season rates by booking through the Ramada Web site, www.ramada.com; by calling, toll-free, (800) 2-RAMADA; or by calling a Ramada hotel directly and mentioning the Ramada ‘Tis The Season rate.

"At Ramada we want to make it easy for consumers to visit family and friends this holiday season," said Paul Hanley, Ramada president & chief executive officer. "Our objective is to increase brand awareness and drive room nights to our franchisees during the most traveled season of the year."

Ramada Franchise Systems Inc., a subsidiary of Cendant Corporation (NYSE: CD), is a mid-to upper-mid market chain of 954 Ramada Limited, Inn and Plaza Hotels throughout the United States.