EXHIBIT 23.3



                         Consent of Independent Auditors


The Board of Directors
Davidson & Associates, Inc.

We consent to the use of our report,  incorporated by reference into the CUC/HFS
Joint Proxy,  which joint proxy is  incorporated  by reference into the HFS Form
S-3 (No. 333-11031),  with respect to the consolidated balance sheet of Davidson
&  Associates,  Inc.  and  subsidiaries  as of December 31, 1995 and the related
consolidated  statements of earnings,  shareholders'  equity, and cash flows and
related schedule for each of the years in the two-year period ended December 31,
1995.


/s/ KPMG Peat Marwick LLP
Long Beach, California
October 31, 1997