I see that there are several levels of membership. Is this just another VIP program?
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What is Club Wyndham?
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There Is An Article In Timesharing Today
In the March/April 2009 Timesharing Today there is an article with the headline "Owners Fight Back Against Developer/Manager Wyndham."
The owners are not happy with the changes by Wyndham in the popular Fairshare Plus Program.
It makes one wonder why anyone would give up their deed to a Trust that states in the Bylaws and Trust Agreement that it assigns the Developer as the Trustee and gives the right to the Board of Directors to change any program or feature at will. And of course, the developer controls the Board.
Walt
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Two things happening simultaneously.
One: FairShare Plus is being renamed Club Wyndham Plus. Other than previously-announced changes in GCs and points transfers, there are no new changes that I am aware of other than branding.
Two: They are creating two new "advance reservation" programs within this umbrella. In the existing one, you have ARP only at your home resort (and, for converted fixed weeks, only for your underlying week.) This is being called Club Wyndham Select. The two new ones are CW Access and CW Presidential Reserve. CWA pools inventory at several lesser resorts, allowing "owners" to ARP anything from the pool, not just from one resort. (Why this matters to anyone I don't know---none of them are hard to get well into Standard windows.) CWPR pools presidential units at newer resorts for the same purpose, plus lots of other window dressing.
I put "owners" in quotes because it's widely speculated that CWA and CWPR will be sold as fractions of a Trust, not as deeded interests in real property. I don't think we know that for sure though.
Finally, CWS, CWA, and CWPR all participate in the "regular" points prorgram for Standard and Express (10 month/90 day) reservations program wide, though some fraction of CWPR inventory is held out away from peon access until 30 days if I recall the chart in the new directory correctly. All three sub-classes participate in the usual VIP levels, still using the same qualification requirements.
So, think of the VIP program as "vertical segmentation" based on size of developer purchase. Think of the different Club classifications as "horizontal segmentation" based on where you have ARP rights.
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Wyndham's program is already the most complex one on the planet by an order of magnitude. This new program is just going to make it worse.
Wyndham is clearly trying to further differentiate developer sales vs. resales. But, it also could be doing something else. If they are smart, they will use it the right way to help prop up the value of resales by giving them ROFR.
Also, my guess is that they are trying to create a timeshare trust where they can buy back and insert inventory allowing them to create a common maintenance fee structure to make it easier to sell.
If this did this, they could create a price floor with ROFR in the new Club and let the older stuff just stay where it is as worthless. They can buy back the cheap, high quality inventory and put it into the new Club making it even more attractive. Based on the Brian's description, this is how I read it.
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Check the official Wyndham site, this is currently on the post
A New Community Designed With You In Mind
CLUB WYNDHAM
Time and again, when we have asked you, our owners, what about your vacation ownership holds special meaning for you, one answer has remained true: a sense of community. With that desire in mind, it is a pleasure to welcome you to CLUB WYNDHAM, a community of Wyndham Vacation Resort owners within FairShare Plus, who share an appreciation for a unique style of vacationing. As a part of the CLUB WYNDHAM community, you will continue to have the flexibility to choose just the right vacation product for you and your family.
________________________________________
With the introduction of Club Wyndham, we also took this opportunity to re-brand some of our programs and products to fully integrate the spirit of your community. FairShare Plus by Wyndham is becoming CLUB WYNDHAM Plus as of March 16, 2009. While the name has changed, the benefits and quality of your exchange program remain as strong as ever.
CLUB WYNDHAM Select
We’ve also given a name to the product that many of you currently own – CLUB WYNDHAM Select. This newly branded product signifies that you own a deeded interest at your select resort.
We are committed to developing new products to meet your evolving vacation preferences. As part of that commitment, we now have an initial offering of two new limited-availability products, CLUBWYNDHAM Access and CLUB WYNDHAM Presidential Reserve.
CLUBWYNDHAM Access
If you are looking for multiple options for planning your vacation during your Advance Reservation Priority window, CLUBWYNDHAM Access provides flexibility with access to multiple Wyndham Vacation Resorts locations in the CLUBWYNDHAM Access program.
CLUB WYNDHAM Presidential Reserve
If staying in luxurious accommodations is important to you, CLUB WYNDHAM Presidential Reserve offers exclusive access to Presidential Reserve Suites in our resorts with Presidential Reserve units dedicated for this exceptional program, as well as upscale and enhanced services and access to The Registry Collection®.
Based on that picture.
So it is not a new VIP level. It just replace current Fairshare Trust. Add 2 new products.
All the deed contracts that does not belongs to new president club is called selected.
Access is a RTU, club manage owns deeds like WM.
President (there is a contract shown in the forums.atozed.com) currently is a deeded group that only deeded on president units. Members in that group enjoy some more internal benefit for the president unit.
For sale purpose, you will bet they will try to make everything more hidden.
If you get a chance to go owner update, you may want to take a look at the new contract, and see if you can still buy San Fransisco or DC as deed one.
Jya-NingJya-Ning
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The new 2009-2010 Wyndham Member Directory is now online at their website. Wyndham Club Access is described on pages 384-385. Club Access points are probably considered CA-eligible if they were purchased with these home resorts, from the developer. CA-eligible points may be used to make ARP reservations at any of the CA resorts within this list, from the limited inventory which was sold and is CA-eligible. Here's the list of resorts which are included in CA's early ARP program:
Star Island
Wyndham Avenue Plaza
Wyndham Bay Voyage Inn
Wyndham Branson at The Falls
Wyndham Branson at The Meadows
Wyndham Cypress Palms
Wyndham Durango
Wyndham Flagstaff
Wyndham Governor's Green
Wyndham Grand Desert
Wyndham La Belle Maison
Wyndham La Cascada
Wyndham Mountain Vista
Wyndham Nashville
Wyndham Oceanside Pier Resort
Wyndham Pagosa
Wyndham Palm-Aire
Wyndham at Fairfield Bay
Wyndham Fairfield Harbour
Wyndham Resort at Fairfield Mountains
Wyndham Resort at Fairfield Sapphire Valley
Wyndham Riverside Suites
Wyndham Sea Gardens
Wyndham Sedone
Wyndham Skyline Tower
Wyndham Smoky Mountains
Wyndham Vacation Resorts Lake Marion
Wyndham Vacation Resorts Panama City Beach
Noticeably missing are Old Town Alexandria, Bonnet Creek LBV, Dolphin's Cove Anaheim, Ocean Walk Daytona, Royal Vista Pompano, Myrtle Beach and Destin. So I'm thinking that they selected the resorts that don't book up as quickly in prime season by their own home resort owners. I've never read of anyone having trouble booking a vacation at 9 months out (a month into standard res window) at any of these resorts. So making ARP more broad and simple for developer points purchasers at these resorts may be a nice little perk they can offer without really taking anything away from the rest of the Wyn Club Plus owners. We have resale points, which I'm sure will not be CA-eligible and I truly don't think this will affect us at all.
As for Club Wyndham Presidential Reserve, it's described on pages 378-379. Looks kind of like VIP Platinum where the first 1 million points were all purchased through Wyndham (developer, not resales) and they associate the UDI deed with Presidential Suites at their home resort. The usual ARP window is 13-10 months before check-in. But Club Wyn PR members are able to ARP the Presidential Reserve Units only at their home resort only, at 14-12 months out and the Presidential Reserve Units only at all resorts at 12-10 months out. So here's how it changes the timeline for reservations windows:
14 months out - Club Wyn PR owners may reserve home resort Pres Res units.
13 months out - All UDI owners may reserve their home resort's units.
12 months out - Club Wyn PR owners may reserve any resort's Pres Res units.
11 months out - VIP owners may reserve a limited number of units at any resort.
10 months out - up to 75% of remaining avail Pres Res units set aside for Club Wyn PR owners.
10 months out - open standard reservations window for all (except for Pres Res units set aside?)
That last item is the one that makes me think this may impact the rest of the owners. I'm thinking this will not apply to the Presidential units at existing resorts, but only the units designated as "Presidential Reserve" at the newer resorts under construction, which may be sold in the future as Presidential Reserve resorts. In that case, it doesn't change the reservation opportunities that current owners have at the currently open resorts, from their understanding at the time that current owners made their purchases.
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Week to points ?
I just got a letter today in the mail from my home resort Shawnee,PA
they say that I can
Convert my Week in the Club Wyndham PLUS
I had this week for about 10 years and only used it a few times.
I'm also in the Interval International or Fairfield whatever program that is associated with my week (it seems it changes every year).
My question is
It says to call them to talk about converting over. What are the Plus and minutes of this.
I only used my home week twice in 10 years so I do like to go to other resorts.
thanks
Tom
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They will charge you (at least) $2400 to convert. They might try to get you to buy more points at the same time.
If you want to be in the Wyndham points system, you'd probably spend less net if you sold your week for $1, and bought the appropriate number of points resale. On the other hand, a conversion is (supposed to) count as though it was a developer purchase, and it's much cheaper than an actual such purchase if those perks are interesting to you.
For most people, it's probably best to ignore it entirely. If you want Wyndham points, just buy some resale.
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This is bogus and I am not happy about it. As an owner at Oceanside Pier Resort I should have equal ability to reserve the presidential units as anyone else via ARP. That is what my deed says. Why should someone who was stupid enough to pay the huge sums for VIP presidential reserve be able to book sooner than me?
There they go changing the rules again......
"As for Club Wyndham Presidential Reserve, it's described on pages 378-379. Looks kind of like VIP Platinum where the first 1 million points were all purchased through Wyndham (developer, not resales) and they associate the UDI deed with Presidential Suites at their home resort. The usual ARP window is 13-10 months before check-in. But Club Wyn PR members are able to ARP the Presidential Reserve Units only at their home resort only, at 14-12 months out and the Presidential Reserve Units only at all resorts at 12-10 months out. So here's how it changes the timeline for reservations windows:
14 months out - Club Wyn PR owners may reserve home resort Pres Res units.
13 months out - All UDI owners may reserve their home resort's units.""If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed."
-- Thomas Jefferson to Col. Yancey, 1816
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Originally posted by 4ARedOctober14 months out - Club Wyn PR owners may reserve home resort Pres Res units.
But Pres Res is key word here.
They could build 20 President units. They sell 10 before this come. Now, they put the reminding 10 as a special group, and that is the Pres Res units in your resort. And sell president club based on these 10 units. Anyone that buy into President club, and deed there will have rights on these 10 units at 14 month. But not the other 10 units. At 13 month, you and all the owner has right to the 10 units that is not in the president res.
Need to check the actual record in county to see how many are in Pres Res.
But the simple answer is, they need to find a way to sell. Especially to those who has pay them constantly until either they break those owner, or those owner just stop because they know they can no longer afford.
Jya-NingJya-Ning
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By the way, the other program "Wyndham Club access" also do similar things, they pull some unsold units from that resort and group them with all other resorts, and claim you can now make ARP on all these resorts. Except they will not tell you that you only have x amount of units in certain resorts. Once those units been done, that is it.
In theory, the home resort owner's chance should always be the same.
But with all the new sale's program, it will only add more operation cost, make it more easy to break, and when it happen, one group will get hurt.
Jya-NingJya-Ning
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Wyndham has always utilized the "reservation buckets" system with their resorts.. This really isn't a big change, just another bucket being created similar to when they spun off some units to make room for WorldMark reservations. Each resort is already split up into a number of associations or "buckets"- and availability for each association or owner group is limited to what is contained in their specific bucket!
El Cid is a perfect example. A Wyndham pt owner can call and be told there is no availability, but an El Cid pts owner may find that there is still plenty of availability remaining from his group's pool of points.
I don't believe Wyndham will be able to reduce current owners overall availability, but they will simply spin off onsold interests into another new and distinct reservation system. Their salespeople will attempt to make owners believe the only want to get reservations is to upgrade, but the reality will be that only the consumer's perception is what has really been changed.
The one thing I expect to impact current Wyndham owners is a reduction in future expansion and growth, as I expect new resorts to be primarily held as Presidential Reserve interests.
You've got to give Wyndham credit! No other developer has been able to simply repackage and rename what is basically the same system and succesfully market it to the same consumer base over and over again.. They've always used the "software" model with their sales force- always requiring a consistent upgrade from the consumer to spur new sales!my travel website: Vacation-Times.org.
"A vacation is what you take when you can no longer take what you’ve been taking."
~Earl Wilson
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Originally posted by rikkis_playpenWyndham has always utilized the "reservation buckets" system with their resorts.. This really isn't a big change, just another bucket being created similar to when they spun off some units to make room for WorldMark reservations. Each resort is already split up into a number of associations or "buckets"- and availability for each association or owner group is limited to what is contained in their specific bucket!
You've got to give Wyndham credit! No other developer has been able to simply repackage and rename what is basically the same system and succesfully market it to the same consumer base over and over again.. They've always used the "software" model with their sales force- always requiring a consistent upgrade from the consumer to spur new sales!
Originally posted by rikkis_playpenThe one thing I expect to impact current Wyndham owners is a reduction in future expansion and growth, as I expect new resorts to be primarily held as Presidential Reserve interests.
Consider you are required to have 1M developer purchase points to become PR club member, or 150K if you don't know how to neg., I don't think it will happen. After all, 1 BD president is very different than 4 BD president, and has no selling appear for people that can goes to PR.
And when it really happen, I believe we will see resale PR in the eBay all over.
Jya-NingJya-Ning
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Originally posted by bnoble View PostTwo things happening simultaneously.
One: FairShare Plus is being renamed Club Wyndham Plus. Other than previously-announced changes in GCs and points transfers, there are no new changes that I am aware of other than branding.
Two: They are creating two new "advance reservation" programs within this umbrella. In the existing one, you have ARP only at your home resort (and, for converted fixed weeks, only for your underlying week.) This is being called Club Wyndham Select. The two new ones are CW Access and CW Presidential Reserve. CWA pools inventory at several lesser resorts, allowing "owners" to ARP anything from the pool, not just from one resort. (Why this matters to anyone I don't know---none of them are hard to get well into Standard windows.) CWPR pools presidential units at newer resorts for the same purpose, plus lots of other window dressing.
I put "owners" in quotes because it's widely speculated that CWA and CWPR will be sold as fractions of a Trust, not as deeded interests in real property. I don't think we know that for sure though.
Finally, CWS, CWA, and CWPR all participate in the "regular" points prorgram for Standard and Express (10 month/90 day) reservations program wide, though some fraction of CWPR inventory is held out away from peon access until 30 days if I recall the chart in the new directory correctly. All three sub-classes participate in the usual VIP levels, still using the same qualification requirements.
So, think of the VIP program as "vertical segmentation" based on size of developer purchase. Think of the different Club classifications as "horizontal segmentation" based on where you have ARP rights.
My comment:- there are at least 6 acronyms in this reply and I haven't got a clue as to what most stand for except for VIP.
The english language is being ruined by this b-llsh-t (BS) do we have an acronym explanation page on this site??
PS:- My wife understands one acronym (ED) and thinks I should see a doctor.
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