WYND - RCI Acquires Alliance Reservations Network For Travel Booking Tech
Quick Take
Wyndham Destinations (WYND) subsidiary RCI announced it has acquired Alliance Reservations Network for $92 million.
Alliance provides a range of travel booking engine technologies and services.
With the deal, WYND is gaining an important piece that it can leverage to provide a much wider range of services while also gaining real-time data insights into travel trends.
Target Company
Orlando, Florida-based ARN was founded in 1995 to provide private label travel booking engine technology services and software that services individual leisure, corporate, association, and group and event clients.
Management is headed by