Accor Vacation Club Asia Pacific, in Indonesia
Travel + Leisure Co. (NYSE:TNL), a leading leisure travel company providing more than six million vacations to travelers around the world every year, has announced the expansion of the Accor Vacation Club brand with the formation of a brand new Asia-based vacation club.
The first Accor Vacation Club Asia Pacific resort is the Novotel Bali Nusa Dua, Accor Vacation Club Apartments in the stunning Nusa Dua resort precinct, celebrated for its pristine beaches, breathtaking diving and snorkelling sites, and world class golf courses.
Members will be able to access this gem alongside thousands of vacation ownership resorts across the world through membership with a leading exchange provider.
The expansion in Asia comes after Travel + Leisure Co. last year acquired licensing rights for the Accor Vacation Club brand and the opportunity to launch new products or clubs in Asia Pacific, the Middle East, Africa and Türkiye. Additionally, the rise of the sharing economy in Asia, and increase in wealth and disposable income for services like travel, strengthens the company’s strategic approach to foster growth and innovation as a multi-brand developer.
“The launch of Accor Vacation Club Asia Pacific is our next logical move in our plan to grow the Accor Vacation Club brand into new markets,” said Barry Robinson, President and Managing Director, International Operations, Travel + Leisure Co. “We are excited to combine the upscale experiences synonymous with Accor’s brands with the most innovative features in the vacation ownership industry to date for the benefit of travelers in Asia and beyond,” he added.
“The launch of the first Accor Vacation Club Asia Pacific resort marks an exciting stage in our growth strategy, supporting the continued growth of our franchised hotel network across Asia Pacific whilst aligning perfectly with our asset-light strategy,” said Duncan O’Rourke, CEO Accor MEA APAC – Premium, Midscale and Economy division. “By monetising our existing business and leveraging the resources and expertise of Travel + Leisure, we are offering our customers even more innovative and rewarding experiences.”
Accor Vacation Club Asia Pacific offers members a 20-year-term – shorter than most products within the shared ownership sector – a share of any net proceeds of property sales at the end of the club term, and a flexible fee payment for members who choose not to utilize the club in any given year.
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