RCI, which is part of the Wyndham Worldwide, has reached an agreement with vacation group Beneficium and to acquire Dial An Exchange, a leading timeshare exchange company who’s headquartered in Australia. The deal is subject to customary conditions precedent, including receipt of applicable regulatory approval. Therefore it is expected that DaE’s offices in Australia, New Zealand, US and Egypt will become part of RCI upon completion of the acquisition.

RCI claims to be the first pioneering the vacation exchange concept and that it started more than 40 years ago. Through this acquisition RCI claim it will expand the exchange and holiday options they offer travellers, increase the technological capabilities they provide to their resort partners and strengthen its footprint in key growth markets across the globe.”

As part of the RCI, DAE is expected to benefit from the core RCI product which it has developed has developed over the past 40 years. The company will also enjoy the added resources that come with being part of RCI.

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 may allow for greater collaboration between them both.

Founded in 1997 and celebrating its 20^th 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 may provide DAE with the resources it needs to fulfil its ultimate potential,” said Taylor. “It’s a great opportunity for the company and its dedicated staff around the world.”

About RCI

RCI is the worldwide vacation exchange with over 4,300 affiliated resorts in nearly 110 countries. RCI claims to have pioneered the concept of vacation exchange in 1974, offering members increased flexibility and versatility with their vacation ownership experience. Today, through the RCI Weeks program, the week-for-week exchange system, and the RCI Points program, the industry’s first global points-based exchange system, RCI provides claims to provide flexible vacation options to over 3 million paying members. RCI is part of Wyndham Destination Network and the Wyndham Worldwide.

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