Contracts now segregated by Developer and Resale

[chapjim]

I think Troy’s point is everyone uses different logic based on their own personal situation and there were bound to be unhappy people regardless of whose logic was used. You’re not happy. I’m fine with how mine turned out. The differing owner opinions were inevitable. Wyndham had to make a decision and go with it.

And we know Troy's not happy until we're not happy!

 

[VacayKat]

I can be happy with however things get allocated as long as I can figure out where things stand. Then I can adjust my plans accordingly. I'm not terribly happy with the split of my 130K points into ~2.8K developer and ~120.3K resale - If they only give me ~123K back for the 130K I spent on it and also charge me another RT to book something else it would somehow not seem all that fair. The very least they can do is make the numbers add up, IMHO. It's also a bit on the cheesy side to deplete all my resale RTs in a random implementation change mid-year when no one was counting them before that.

not to mention for many of us the change comes about 1.5 months into the use year - so 10.5 months of paying fees.

 

[VacayKat]

Yup, we have been talking about it for weeks, there were training sessions accessible via the Wyndham Website, and there were notices. It went into effect on Wednesday overnight, and this is what we got on Thursday morning.

Training is being really generous. They were propaganda sessions to tell us how great it would be. They should have lowered expectations instead of raising them.

 

[troy12n]

When & why did Wyndham start this and were owners notify of this change ?

Cliff Notes: Because of mega renters... basically. Abusing the system, making money and taking vacation opportunities from owners wanting to use their timeshare for vacation, not to pad their retirement accounts

They notified us, it was in one of the emails you probably ignored.

 

[Sandy VDH]

Training is being really generous. They were propaganda sessions to tell us how great it would be. They should have lowered expectations instead of raising them.

Training was generous, would "presentation" be better. Propaganda ok, whatever. We don't have a choice. they make the rules, they change the rules. It is not like you can ignore the propaganda and do what you want. I didn't watch the session for the "how great it is speech" I did watch to give me a heads up on what to expect, thats it.

 

[VacayKat]

Training was generous, would "presentation" be better. Propaganda ok, whatever. We don't have a choice. they make the rules, they change the rules. It is not like you can ignore the propaganda and do what you want. I didn't watch the session for the "how great it is speech" I did watch to give me a heads up on what to expect, thats it.

I just meant they played it up a bit too much - especially at the live session. It would have helped them to lower expectations in that owners might not be pleased with how things shake out on current reservations. I mean I walked away from that session thinking, if Wyndham screws up all my vacations they will make it right, which is not accurate.

 

[lost patience]

I just meant they played it up a bit too much - especially at the live session. It would have helped them to lower expectations in that owners might not be pleased with how things shake out on current reservations. I mean I walked away from that session thinking, if Wyndham screws up all my vacations they will make it right, which is not accurate.

I 100% agree with you. I did NOT receive the notification email. I saw the notice here. Yes, the email on my account is good, I'm just not receiving these notices. No, I did not receive the 2nd email either that someone posted on the other post on this subject. I did watch the info session and was told how I would be so happy with these new features. Seriously? I called the dedicated number that was provided and asked specific questions on how current 2021 and 2022 reservations would be handled and that is NOT how it was done. What they told me was way too generous, but sounded pretty good to me. They indicated that any reservation that used any type of VIP benefit would be coded as VIP. So my 2022 reservations that used almost all of my 2022 total points, would have been coded as developer. That would have been very much in my favor. In reality it seems like random choices that put my reservations in approx allocations that match my developer and resale amounts. Just like VacayKat, I would rather the mix be different, and am more than frustrated that I was told wrong information from the "special phone number", and that I'm not able to make any adjustments. I do understand Wyndham's decision, but not their implementation. Why not wait until the next clear year? For me that would be 2023. Instead my 2021 and 2022 reservations are a mess. They have clearly made this ugly and difficult and left many dual ownership type members more than frustrated.

 

[jbroner]

It is a lot more than just that. Housekeeping and booking credits are now being assessed on a points basis. I give them credit, they have finally figured out a way to make this a total mess. I am looking at my past reservations and they have assigned past reservations in some way to developer and resale points but there is no way to know how.

This will have finally rendered resale points as totally worthless

I think it will render resale points worthless to VIP owners. I still think resale will be popular to those that buy them to use them for themselves.

 

[jbroner]

Well, actually, I've had quite the opposite thought. Perhaps because the MF's on my VIPF are not great, my resale MF's are much better (and averaging all points together made the MF's reasonable-ish). But feeling like my VIPF is not worth so much, I definitely see where it will make more sense to book resale. I am sitting in a 400K 4 BR Presidential, booked 7 months out. The absolute only VIP benefit that applied was the early checkin. We got in at 3:30 in the afternoon. What was that worth? (Absolutely nothing because I booked an overlapping reservation the night before for 2 nights so we had somewhere to stay our first night and wouldn't care then the 4BR pres was ready). Thinking I'm sitting in one of the nicest rooms in the system (IMO) and resale would have worked just fine, certainly makes one wonder - ever so much more - why one would buy developer points or work to achieve VIP.

I agree 100%. I purchased all resale, saved thousands and love it. I did not purchase for a part time rental gig, I purchased for vacationing. My sister is VIP Silver (I purchased after vacationing with her), and she still cannot believe what I paid for the same as her except the VIP perks. VIP just not worth it to me as a vacationer.

 

[Eric B]

I think it will render resale points worthless to VIP owners. I still think resale will be popular to those that buy them to use them for themselves.

Being a VIP owner with resale points, I respectfully disagree. The changes don't fundamentally change how I will use my ownership. For longer stays that I plan further out in higher demand locations, I will make the conscious decision and use my resale points. A slight benefit of this change is that I now have 2 more GCs to use every year than I did before. One slight drawback is that I actually have to go out and buy a few more resale points to optimize the number of HKs I get every other year. I did buy my ownership to use myself, though I do occasionally rent out a stay or deposit one with an external exchange company.

 

[Sandi Bo]

Were you not around for the 2 most recent implementations? This one is almost flawless by comparison!

The lower the bar, the easier to exceed expectations.

And a more serious comment, for a conversion like this, they needed to err on the side of favoring owners, on any adjustment. I think they did that, although sounds like some are messed up. So most people should be happy overall. I still need to wade through my stuff and just haven't had the time yet. But overall feel my account was done correctly.

 

[Rolltydr]

The lower the bar, the easier to exceed expectations.

And a more serious comment, for a conversion like this, they needed to err on the side of favoring owners, on any adjustment. I think they did that, although sounds like some are messed up. So most people should be happy overall. I still need to wade through my stuff and just haven't had the time yet. But overall feel my account was done correctly.

Agree. I have one reservation which I would have done differently but it isn’t a big deal. I’m just glad Wyndham is putting procedures in place to restrict people from easily breaking the rules.

 

[dandjane1]

Resale points worthless? That doesn't go along with the theme of this site! Over $25,000,000,000 saved this week.recind immediately and buy resale.

Sent from my Lenovo TB-X103F using Tapatalk

OOOOps - I think you need to drop about 3 zeros from that figure...............

 

[am1]

Cliff Notes: Because of mega renters... basically. Abusing the system, making money and taking vacation opportunities from owners wanting to use their timeshare for vacation, not to pad their retirement accounts

They notified us, it was in one of the emails you probably ignored.

No working the system that was provided to us and everyone else. If you could not crack it thats on you.

 

[troy12n]

No working the system that was provided to us and everyone else. If you could not crack it thats on you.

I own my timeshare to use for myself, not to try to put money in the bank at the expense of others. That's the difference between some of us...

 

[am1]

I own my timeshare to use for myself, not to try to put money in the bank at the expense of others. That's the difference between some of us...

You act like ones a negative?

I own houses and apartments to put money in the bank. I own a bulldozer, transport truck, low bed and backhoe that I use on my personal property but also rent out for money. I have cows that I sell as I cannot eat them all.

 

[55plus]

But do others that are not related to you own those same houses and apartments, the same equipment and the same cows, or is it just you and maybe family members? See the difference?

 

[am1]

But do others that are not related to you own those same houses and apartments, the same equipment and the same cows, or is it just you and maybe family members? See the difference?

Just me and I my wife. Not the cows as she is against them. But I also owned my converted fixed weeks and udi points on my own.

 

[regatta333]

Did anyone receive "complimentary" points for next year? I did not.

 

[Eric B]

Did anyone receive "complimentary" points for next year? I did not.

Not yet. When I called yesterday they indicated that they would be deposited by the end of the month.

 

[Family_travel]

I only have resale points. So I did not receive any of these notifications. Nor do the changes affect me, but I wonder if Wyndham will add back some of the previous VIP benefits now that the points are split.

 

[VacayKat]

I only have resale points. So I did not receive any of these notifications. Nor do the changes affect me, but I wonder if Wyndham will add back some of the previous VIP benefits now that the points are split.

Someone should call and ask, lol!

 

[paxsarah]

I only have resale points. So I did not receive any of these notifications. Nor do the changes affect me, but I wonder if Wyndham will add back some of the previous VIP benefits now that the points are split.

Question: do you have any information on your Benefits Summary tab in your account? I’m curious whether it’s an all resale-only thing or more isolated (mine is blank).

 

[vv813]

somewhere in threads I thought I had read that there was going to be training video tonite at 6:00 - where can I find info on this also noticed wyn. site going down for maintenance tonite at 10pm til 6.

 

[HitchHiker71]

Did anyone receive "complimentary" points for next year? I did not.

There was an email sent to the impacted owners on 8/14 that contained guidance on the timing of the complimentary points. Screenshot below for reference: