Wyndham Worldwide is to split its hotel and timeshare businesses in to separate companies. Its vacation rental division includes brands such as Novasol, Hoseasons, James Villa Holidays and Cottages.com, and is up for sale as its parent company doesn't believe it is "a natural fit under either the hotel or timeshare umbrellas".
Initial bids are due this month for division, which it is thought could bring in up to US$1 billion.
According to a report in Bloomberg, Airbnb is one of the potential bidders, while other reports have cited AccorHotels and HomeAway as potential suitors.
In February, Airbnb acquired Montreal-based Luxury Retreats, which specialises in high-end villa rentals and concierge services in the Caribbean.
Airbnb eyes Wyndham vacation rental bid
Airbnb is reportedly among the companies looking to buy Wyndham’s European vacation rental business.
““It’s my second year attending RECHARGE and I have enjoyed it as much as last year. It was great reconnecting with all the lovely and lively old faces and meeting up new ones. Experiencing some of the best of Belfast living spaces and the varied panel of talks makes it worthwhile as we receive a pure condense of knowledge and information over 2 days.”
Mathilde Le Villain, Founder and Design Director, LA VILLAINE
RECHARGE
International Hospitality Media are the premier specialist in online publishing; conference, exhibition and events, and advisory services for growth sectors of the hospitality and real-estate industry.
