Wednesday, January 9, 2013

Wyndham is Buying Up Vacation Rental Companies

Wyndam announced last week the acquisition of 3 large vacation rental companies - Kaiser Realty in Alabama, Oceana Resorts in South Carolina, and the Cumbrian Cottages in the UK.
Last September we announced Wyndham intention to become the major player in the vacation rental home market in this popular article: Wyndam Hotel Chain Competes Directly with Privately Owned Vacation Rentals. The latest acquistions are part of their aggressive growth strategy.

Geoff Ballotti, president and CEO, Wyndham Exchange & Rentals, said, “The acquisition of Oceana, Kaiser and Cumbrian Cottages significantly enhances the leisure accommodations we offer in popular vacation destinations.”

Wyndham Worldwide’s Bob Milne and Kaiser Realty’s Glen Kaiser currently serve on the board of directors for theVacation Rental Managers Association (VRMA).

Wyndham promotes itself as "the world's largest professionally managed vacation rental business".  The company now includes over 100,000 properties across 500 destinations.

Everyone should be paying attention to what Wyndham is doing.

Doug Coates

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