>

>

Travel + Leisure Co acquires Accor Vacation Club brand managing 24 properties across Australia, New Zealand and Indonesia

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

March 4, 2024 7:52 PM SGT

Club Wyndham Melbourne, part of Club Wyndham South Pacific, is managed by Travel + Leisure Co., from its Asia Pacific headquarters in Singapore (Photo: Club Wyndham South Pacific)

Join our Telegram channel and follow our Facebook for the latest update.

New York Stock Exchange-listed membership and leisure travel company Travel + Leisure Co has acquired global hospitality group Accor’s Vacation Club portfolio, according to a press release dated March 4.

This means that Travel + Leisure Co will own, develop and market the vacation ownership brand based in Australia, New Zealand and Indonesia. Currently, the Accor Vacation Club serves 30,000 club members and manages 24 club resorts across these three countries.

The acquisition increases Travel + Leisure Co’s portfolio outside of North America to more than 100,000 members and 77 club resorts.

Read also: World’s largest Mercure Hotel opens on Club Street

As part of the agreement, Travel + Leisure Co can develop new vacation ownership clubs and products using the Accor Vacation Club brand across a region including Asia Pacific, the Middle East, Africa and Turkey.

President and managing director of international operations at Travel + Leisure Co Barry Robinson says that these are large consumer markets with growth potential. “Combined with Accor’s portfolio of hotel and resort brands which are already well-known and highly regarded by travellers in these regions, it makes them logical places for the future expansion of the Accor Vacation Club business,” he notes.

He adds that Travel + Leisure Co intends to operate and grow its vacation ownership businesses under other well-known brands such as Wyndham, Sports Illustrated and Margaritaville.

Currently, the firm oversees the development of Club Wyndham South Pacific and Club Wyndham Asia from its Asia Pacific headquarters in Singapore. Club Wyndham South Pacific and Accor Vacation Club were both launched on the Gold Coast in 2000 and are two of the largest vacation clubs in Australia and New Zealand.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Far East Shopping Centre’s $908 mil en bloc deal aborted

2

World’s largest Mercure Hotel opens on Club Street

3

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

4

The Residences at W Singapore Sentosa Cove relaunches at prices from $1,648 psf, 40% below the peak

5

Residential transactions with contracts dated March 26 to April 2 [DONE DEALS]

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00