What Is Wyndham Vacation Ownership? A Comprehensive Guide
One of the largest vacation ownership companies in the world, Wyndham Vacation Ownership provides a flexible and dynamic approach to timeshare ownership with its points-based system. Wyndham Vacation Ownership provides diverse vacation experiences at top tier destinations in more than 200 resorts across North America, the Caribbean and the South Pacific. This guide explores what Wyndham Vacation Ownership is, how it works, its benefits and costs, and an exit from the program if you decided to leave.
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Overview of Wyndham Vacation Ownership
Wyndham Vacation Ownership, a division of Wyndham Destinations, provides vacation ownership (timeshare) through a flexible, points-based program. While timeshare owners have traditionally bought specific weeks at a particular place, Wyndham’s program lets owners book vacations using points in different resorts.
- Company Size: Wyndham boasts a portfolio of over 200 resorts, providing an array for vacation spots from beachside to mountain resorts, city and beyond.
- Ownership Model: Owners purchase points instead of weeks allowing the owner to book a stay in any number of destinations, during different seasons and for various lengths of stay.
- Flexibility: Wyndham Vacation Ownership comes with flexibility that allows its members to customize their vacations according to their preferences.
This points-based framework is meant for today travelers who prefer a versatile and command over their vacations.
How Wyndham Vacation Ownership Works
Wyndham Vacation Ownership operates on a points-based system, which differs from traditional fixed-week timeshare models. Here’s how it works:
- Purchase Points: Members purchase a set number of points that can be used to book accommodations at any Wyndham Vacation Club resort.
- Choose Destinations and Dates: Points can be used across various resorts within the Wyndham network, allowing owners to choose different locations, dates, and durations each year.
- Reserve Accommodations: Based on the number of points, members can reserve anything from a studio apartment for a short stay to a large suite for an extended period.
- Points Flexibility: Unused points can often be rolled over to the next year, and additional points can sometimes be borrowed from the following year, offering even more flexibility.
This model allows owners to enjoy a unique experience every vacation, adapting their accommodations and destinations to their needs each year.
Benefits of Wyndham Vacation Ownership
Wyndham Vacation Ownership, which is part of Wyndham Destinations, sells vacation ownership—widely known as timeshare—for a flexible, points-based program. Unlike timeshare owners who, in the traditional sense of the business model, buy weeks at one location, Wyndham’s plan gives owners points to book vacations across numerous resorts.
- Scope Of Company: Wyndham has over 200 resort locations, including beaches, mountains, cities and more.
- Ease of Ownership: Owners purchase points instead of weeks, which allows them to stay at different destinations, during various seasons and for a variety of lengths of time.
- Personalized Flexibility: Wyndham Vacation Ownership is designed for personalization based on member preferences.
This is a points-based system created for the modern-day traveler who is looking to have plenty of variety and independence in their vacation options.
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Wyndham Vacation Ownership’s Points-Based System
At the heart of Wyndham Vacation Ownership is a points-based system (also known as an interval ownership) that offers more flexibility and diversity than traditional timeshares. With that said, here is a more detailed breakdown of how the points system works:
- Owners Buy Points: Owners purchase a certain number of points that they can use to book stays at any Wyndham resorts depending on their vacation goals.
- Different Point Costs: Points needed at each resort, season, and unit type varies. A week during a high-demand month in an especially hot area will cost more points than a week at a low-demand time.
- Banking and Borrowing Points: If members have stray points from the previous calendar year, those can be banked (rolled over) and applied towards a single booking; alternatively, if they book a higher-priced vacation than their points allow for, members can also borrow from future years to ensure they still get their pick of resorts.
- Exchange: With points, members can also select experiences away from Wyndham properties like cruises and tours through partnerships with off-site exchange networks.
It is an extremely flexible points system and owners can optimize their points based on how they like to vacation.
Popular Destinations with Wyndham Vacation Ownership
With access to a vast network of resorts, Wyndham owners can explore a wide array of destinations, including:
- Orlando, Florida: Known for its theme parks, Orlando is a top choice for families.
- Las Vegas, Nevada: Perfect for entertainment, dining, and nightlife, with multiple Wyndham resorts in the area.
- Maui, Hawaii: For those seeking paradise, Wyndham’s Hawaiian locations offer beaches, cultural experiences, and breathtaking views.
- New York City, New York: Urban adventurers can enjoy Wyndham’s accommodations in the heart of Manhattan.
- Park City, Utah: Ideal for skiing and outdoor activities, Park City offers year-round fun for nature enthusiasts.
These popular destinations cater to diverse vacation preferences, from tropical getaways to city explorations and outdoor adventures.
How to Purchase Wyndham Vacation Ownership
Buying Wyndham Vacation Ownership is a straightforward process, typically involving a sales presentation at a Wyndham resort or an affiliated event. Here’s how the purchase process generally works:
- Attend a Sales Presentation: Potential buyers are often invited to a sales presentation, which includes an overview of the points system, benefits, and financial commitment.
- Select Points Package: Based on your travel preferences and budget, you can choose the number of points that aligns with your vacation goals.
- Review Financing Options: Wyndham offers financing options for buyers who prefer to pay over time rather than upfront.
- Finalize the Contract: After reviewing and signing the contract, new owners receive their points and can start booking vacations as part of the Wyndham Vacation Club.
The purchase process involves understanding the commitment and evaluating whether the points system aligns with one’s travel needs.
Costs Associated with Wyndham Vacation Ownership
Wyndham Vacation Ownership involves several costs that potential buyers should understand:
- Initial Purchase Price: Buying a points package can range from a few thousand to tens of thousands of dollars, depending on the points needed.
- Annual Maintenance Fees: All owners are responsible for annual maintenance fees, which cover resort upkeep and general management costs. These fees vary based on the number of points owned.
- Special Assessments: Occasionally, owners may face additional assessments for major resort improvements or unforeseen repairs.
- Exchange Fees: If owners use points for external exchange programs, they may incur additional fees for these transactions.
Understanding these costs is essential for budgeting and ensures that owners are fully aware of their financial commitment.
Exchange Opportunities for Wyndham Owners
Wyndham Vacation Ownership offers exchange opportunities, allowing members to use their points beyond the Wyndham network. Some popular exchange options include:
- RCI Exchange Network: Wyndham partners with Resort Condominiums International (RCI), providing access to thousands of resorts globally, allowing owners to trade points for stays in different properties.
- Wyndham’s Travel Partner Programs: In addition to resorts, members can use points for cruises, guided tours, and hotel stays, offering even greater flexibility.
- Internal Exchange within Wyndham: Owners can use their points to stay at different Wyndham resorts, providing options for diverse experiences without external exchanges.
These exchange options add significant value to Wyndham points, as they offer flexibility beyond Wyndham-owned properties.
