Big Tech-Airbnb selling information of Wyndham Owners on Airbnb's Platform if you opt in! If you own Wyndham Royal Vista, Wyndham Sea Gardens, Palm Aire or Wyndham Clearwater Beach and
utilize Airbnb's Platform there are some changes coming and here they're listed below.
Let's look at #1--What does this mean?
Wyndham Resorts as the management company has full control and they can approve or deny your listing.
#2-What does this mean?Program Administrator( Wyndham Resorts) has the authority to act on your behalf
You have to enroll or your listing is shut down
Revenue Share-You as a Wyndham Owner pay a revenue share to Wyndham Resorts the (Management Company) and that revenue share is not disclosed until you, OPT IN.
AIRBNB stock is doing well and the numbers look great but the truth is Airbnb has grown active listings just 5% and active hosts just 2% since January 2020. Is that enough
to sustain future growth? In my opinion, no. In my opinion AIRBNB will be turning to Hotels, Timeshare Resorts etc to expand growth for the future of their company.
People, that has already started and the first giant to enter the arena is Wyndham Destions, Wyndham Resorts. My big question is how can AIRBNB the Big Tech Giant
sell out Wyndham Timeshare Owners info & get away with it? If you're a Wyndham Owner it's imperative you read AIRBNB'S Terms of Use Policy!!!!! Do not Opt In
If you Opt In to This Building is Airbnb Friendly, all of your info will be sold to Wyndham.
1st Change.)
What is the Airbnb Resident Hosting Program?--
Airbnb Resident Hosting is a program through which select building owners or operators, and homeowners’ associations, have made their building(s) home-share friendly for tenants and unit owners who want to host on Airbnb. This means that your Program Administrator will give you their express support and collaboration for you to host on Airbnb as long as you: (i) agree to and comply with your Program Administrator’s rules (i.e., their Building Rules and the terms of your Program Administrator’s home-share lease addendum), and (ii) give them a Revenue Share (as defined below).
2nd Change.)v
Key Definitions
“Program Administrator” means either the owner(s) of an Accommodation, a homeowners’ association, and/or their agent (such as a building operator or property management company) who has the authority to act on behalf of, and to bind the owner(s) of an Accommodation, or the homeowners’ association.
“Participating Building” means a building enrolled in the Airbnb Resident Hosting Program by its Program Administrator.
“Participating Listing” means a Listing in a Participating Building that has been enrolled in the Airbnb Resident Hosting Program.
“Non-Participating Listing” means a Listing in a Participating Building that is not enrolled in the Airbnb Resident Hosting Program.
“Nightly Rate” means the rate per night set by you for your Participating Listing, exclusive of any tax, additional Airbnb service fee, cleaning fee, or other additional service charges that may apply.
“Revenue Share” means the percentage of your revenue that you and your Program Administrator agree you will pay to your Program Administrator. The Revenue Share will be based on a percentage of the Nightly Rate, as well as (ii) applicable fees such as any cleaning fees or other fees you identify on your Listing, and/or (iii) applicable taxes to the extent that such fees and taxes are collected by Airbnb and remitted to you with your payouts, all as agreed between you and your Program Administrator. Revenue Share percentage and additional details will be displayed when you enroll in the Airbnb Resident Hosting Program, and may be updated by your Program Administrator from time to time upon no less than thirty (30) days written notice.
