RedWeek
- Sector Services & Software
- Year invested 2022
- Location North America
- Status Current
RedWeek is the leading online marketplace for timeshare rentals and resales, offering a trusted platform for timeshare owners to rent or sell their properties and for travelers to access high-value, resort-based vacation accommodations.
Visit www.redweek.com
Overview
RedWeek connects millions of users to timeshare listings globally, providing a cost-effective and flexible alternative to traditional holiday bookings. The platform delivers significant value to both timeshare owners, who can easily list and monetise their properties, and travellers seeking high-quality, resort-based accommodations.
Headquartered in Scottsdale, Arizona, RedWeek operates with a scalable digital platform and an established reputation as the go-to resource for time share rentals.
How we add value
Over the last few years, we have supported management in transitioning the majority of transactions at RedWeek from an offline solution to a seamless modernised platform interaction. We have also supported various pricing and digital marketing initiatives and increasing user engagement.
With our backing, RedWeek has capitalised on positive market dynamics, including increasing demand for flexible holiday ownership options and a rising focus on peer-to-peer holiday rentals. Our support has positioned RedWeek for sustained organic growth, driving enhanced value for timeshare owners and travellers alike.
As the world’s largest independent marketplace for timeshare rentals, RedWeek is uniquely positioned to help independent timeshare owners monetise billions of dollars of unused time share inventory each year while providing attractive price points for families seeking a vacation.
I believe the company has tremendous potential to capitalise on this market-leading position to rapidly scale its inventory base and customer reach over the next few years. 3i has been a value-added partner with its experience in the travel industry and its conviction to back the business at an exciting inflection point.
Regulatory information
This transaction involved a recommendation of 3i Corporation.