Kettering, Northampton, U.K. (December 11, 2012) — Petchey Leisure’s six properties in Europe will continue to be a part of the RCI network of affiliated resorts through a new affiliation agreement between Leisure Dimensions Ltd and RCI, the global leader in vacation exchange. Petchey Leisure, one of Europe’s leading timeshare brands, was recently acquired by Magnum Global Holdings Singapore Pte. Ltd. (associate of MGM).
The new agreement brings Petchey Leisure and RCI together for an extended affiliation term. Petchey Leisure’s six properties across Portugal, Spain and Tenerife will all be affiliated to RCI, and RCI will be providing white label club servicing for Petchey Leisure’s Infiniti Points, Atlas Weeks, Atlas Points and Genesis Club brands from its call centers.
“RCI invented the exchange business nearly 40 years ago and has been the innovator and leader ever since,” said Isla Murray, project director of Petchey Leisure. “Innovation is important to our business and I believe Petchey Leisure and RCI share the same vision for our industry going forward. We have worked successfully with RCI for many years and we are very happy to continue that partnership – this new agreement is especially important for the continuity of our sales operation.
“In addition, RCI offers exciting technological resources and marketing advantages for us through its international vision, as well as having the largest possible selection of vacation resorts for our owners. We are very pleased to be working with them,” continued Murray.
Dimitris Manikis, vice president, Business Development, RCI Europe, Middle East and Africa, said: “We are delighted by Petchey Leisure’s continued commitment to RCI. Magnum Global Holdings Singapore Pte. Ltd. (associate of MGM) is new to our industry and as a hugely successful hospitality company, it brings with it great credibility. The acquisition of the Petchey Leisure brand is a very positive move and instantly makes this group a major player in the European market. We look forward to a long and successful partnership.”
About Petchey Leisure
Petchey Leisure is one of Europe’s leading leisure brands. Starting with one resort in Albufeira, Portugal, in the early 1970s, the company has expanded its portfolio and products over the years to encompass many fully-owned and managed holiday resorts in Portugal, mainland Spain and Tenerife as well as inventory at a number of other resorts in Europe and worldwide. The company is actively looking to expand its operations in Europe and Asia. Petchey Leisure was acquired by Magnum Global Holdings Singapore Pte. Ltd. (Associate of MGM) in 2012.
RCI is the worldwide leader in vacation exchange with over 4,000 affiliated resorts in approximately 100 countries. RCI pioneered the concept of vacation exchange in 1974, offering members increased flexibility and versatility with their vacation ownership experience. Today, through RCI® Weeks, the traditional week-for-week exchange system, and RCI Points®, the industry’s first global points-based exchange system, RCI provides flexible vacation options to its approximately 3.7 million RCI subscribing members each year. RCI is part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (NYSE: WYN). For additional information visit our media center, rciaffiliates.com or The RCI Blog. RCI also can be found on Facebook, YouTube and Twitter.