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The Registry Collection Adds Absolute Properties in Thailand to Portfolio

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The Registry Collection, one of the world's largest luxury exchange programmes and one of the Wyndham Worldwide family of brands has added six new resorts to its global network of luxury properties through an affiliation with Absolute Developments.

"We are delighted to welcome Absolute Developments to The Registry Collection," said Geoff Ballotti, President and CEO, Group RCI, parent company of The Registry Collection. "This relationship not only provides us with an opportunity to work with one of the leading developers of mixed-used resort operations in Asia, but also marks a significant achievement in securing the first properties for The Registry Collection in Asia. Thailand in particular is home to a wealth of five-star resort developments and idyllic beach locations which have succeeded in attracting international jetsetters for some years, and these six properties will help to give our members the luxury travel experience they expect from The Registry Collection."

Analysts report that investment in Asian real estate has increased by more than 40% this year with wealthy buyers returning to Asia raising levels of cross-border activity. Buyers are following global trends of looking for increased value in their spend which is a strength of the product.

"The fractional concept is relatively new to Asia and Absolute is bringing its expertise of shared-ownership, great brand strength and sales and marketing expertise to Thailand. We believe Absolute will be very successful in this fast-growing market and are thrilled to be partnered with them," Ballotti added.

Bryan Lunt, Chairman of the Absolute World Group said, "Fractional ownership is the perfect antidote to the current financial climate and makes so much sense. Buying fractional allows you to actually purchase your dream holiday home, hassle-free, for only the time you would use it. We offer a stunning collection of properties, all exquisitely furnished with exclusive benefits such as the use of speedboats, spas, golf equipment, luxury airport transfer and the privilege of membership. Our target market is a discerning purchaser seeking high quality accommodation and excellent service."

The Registry Collection Programme provides members with access to an elite global network of the very finest vacation properties at some of the world's premier destinations, as well as personal concierge services that are available 24-hours a day. More than 160 properties available through the programme are either accessible for exchange or under development.

"The Registry Collection complements our offering perfectly," Lunt added. "Should our owners want a change from Thailand, through our affiliation they can choose to exchange stay periods in their owned property for stays in properties worldwide which are associated with the programme, confident that their experience and accommodation will be of the same high quality as their owned resort. Other benefits include the use of the programme's 24/7 concierge services, and access to its Collection Partners luxury leisure and travel services. We are delighted to be working with them."

The newly affiliated properties are located in Thailand and include two resorts from Absolute's partnership with the yoo brand, yooPhuket and yooSamui, as well as Absolute Platinum Suites, Absolute Beach Resort at Nakalay Bay, Absolute Bangla Suites and Absolute Villas at Palm Grove, Jomtien. Of these properties Absolute Bangla Suites and Absolute Beach Resort at Nakalay Bay are opening this year and yooPhuket is now in its launch phase.

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