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Wyndham's RCI to buy 2 Australian companies

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Capital Markets View – January 2021


Wyndham's RCI to buy 2 Australian companies

Wyndham Worldwide Corp.'s RCI agreed to buy DAE Global Pty Ltd., the operator of a timeshare exchange company, and a software company, both based in Australia, from vacation group Beneficium.

The agreements to buy Dial An Exchange and @Work International are subject to customary conditions, including receipt of applicable regulatory approval, according to a release.

RCI President Gordon Gurnik said the acquisitions will expand RCI's portfolio of exchange and holiday options and improve the technology provided to its partners. The acquisition of Dial An Exchange will also give RCI access to a bigger pool of timeshare owners.

RCI said Dial An Exchange will continue to run as an independent brand and will be marketed separately. The timeshare exchange company was founded in 1997 and offers a direct-to-member exchange model worldwide.

Meanwhile, RCI said it expects to leverage @Work International's experience in developing exchange management and reservation management software programs for its Homeowner Association and affiliated resort partners.

Wyndham recently announced a plan to split its hotel business into two separate companies.