News Flow:

Smaller text size Larger text size

RCI announces agreement to acquire DAE

Tatiana Rokou - 10 August 2017, 00:03

As part of the RCI family of brands, DAE will benefit from the core competencies RCI has developed over the past four decades as the leader in vacation exchange, including inventory management, member marketing and analytics.

PARSIPPANY, N.J. - RCI, part of the Wyndham Worldwide family of brands, has reached an agreement with vacation group Beneficium to acquire DAE Global Pty Ltd. (DAE), operator of Dial An Exchange, a leading timeshare exchange company headquartered in Australia, and @Work International, a software company also based in Australia. The deal is subject to customary conditions precedent, including receipt of applicable regulatory approval. DAE's offices in Australia, New Zealand, US and Egypt will become part of RCI upon completion of the acquisition. The addition of DAE will complement RCI's existing business, broaden its appeal to a new base of travelers and strengthen its position as a leader within the global alternative holiday accommodation sector.

"Since first pioneering the vacation exchange concept more than 40 years ago, RCI has continually found new ways to evolve and grow its own business while also propelling the exchange industry forward," said Gordon Gurnik, president of RCI. "Through this acquisition we will expand the exchange and holiday options we offer travelers, increase the technology capabilities we provide to our resort partners and strengthen our footprint in key growth markets across the globe."

As part of the RCI family of brands, DAE will benefit from the core competencies RCI has developed over the past four decades as the leader in vacation exchange, including inventory management, member marketing and analytics. The company will also enjoy the added resources that come with being part of a global hospitality leader. DAE, which has established a strong loyal consumer base, will continue to run as an independent brand and be marketed separately from RCI. However, the similarities among these exchange-oriented businesses will allow for greater collaboration between the companies to foster growth.

Founded in 1997 and celebrating its 20th anniversary, DAE offers a direct-to-member exchange model globally through a combination of corporate-owned operations, joint ventures and licensed entities. The acquisition of DAE will expand RCI's exchange offerings to reach a new pool of timeshare owners. The addition of @Work International, which develops exchange management and reservation management software programs, will allow RCI to bolster the technology solutions it can offer its Homeowner Association (HOA) and affiliated resort partners.

DAE will continue to be led by co-founder Francis Taylor as managing director while Peter Vanderhorst will continue to serve as managing director and lead @Work.

"This will provide DAE with the resources it needs to fulfill its ultimate potential," said Taylor. "It's a great opportunity for the company and its dedicated staff around the world."



|
|
Leave your comment...












* Fields with "*" are mandatory.
* HTML code is not allowed.
* Your E-mail and Phone won't show.

...In Brief

Presentations

Job Offerings

Our Readers on Facebook

Tourism Exhibitions Calendar

Photo Reportage

Featured Events

Entrepreneur Now Awards 2017

Entrepreneur Now Awards 2017

Outbound Travel Bazaar Vietnam 2017

Outbound Travel Bazaar Vietnam 2017

ITE HCMC 2016

ITE HCMC 2016

Speak-Out Asia - June 12, 2013

Speak-Out Asia - June 12, 2013

Blogger Match Up - June 10, 2013

Blogger Match Up - June 10, 2013

DIA Awards - June 10, 2013

DIA Awards - June 10, 2013

PAS 2013 - Arrival Day

PAS 2013 - Arrival Day

PATA Annual Summit (PAS) 2013

PATA Annual Summit (PAS) 2013

PAS 2013 - Sponsors & Partners

PAS 2013 - Sponsors & Partners

PAS 2013 - Day 3

PAS 2013 - Day 3

PAS 2013 - Day 2

PAS 2013 - Day 2

PAS 2013 - Day 1

PAS 2013 - Day 1

PATA Youth Forum 2013

PATA Youth Forum 2013

IT&CMA and CTW

IT&CMA and CTW

Tourism Futures

Tourism Futures

MICE Asia

MICE Asia

Travel Distribution Summit Asia 2008

Travel Distribution Summit Asia 2008

14th IT&CMA and 9th CTW

14th IT&CMA and 9th CTW

↑ top