Annual Owners a meeting September 2nd - Clearwater

[chapjim]

You can rollover up to the amount you own. So if you own 100,000 points, you can only roll over 100,000 points. If you have 150,000, you cannot roll over the additional 50,000. You cannot rollover PIC points, bonus points, or points that were been rolled over from last year. The maximum allowed points you can rollover is determined by how many use year points you have tied to your contracts.

Thanks. I was thinking in terms of an absolute limit. Chances are slim that I would want to roll over all my points.

 

[bryjake]

The September meeting appears to be one of the more significant meetings
Website just updated VIP section with "Lock in VIP tier by November 2020...new VIP program anticipated launch in November 2020"
https://www.wyndhaminteractivesaleshub.com/club-wyndham/vip-by-wyndham.pdf

Have they announced any method to attend conference remotely?

 

[HitchHiker71]

The September meeting appears to be one of the more significant meetings
Website just updated VIP section with "Lock in VIP tier by November 2020...new VIP program anticipated launch in November 2020"
https://www.wyndhaminteractivesaleshub.com/club-wyndham/vip-by-wyndham.pdf

Have they announced any method to attend conference remotely?

Interesting that they have dropped the entire “Privileges” marketing approach. It’s back to VIP - and they have dropped the non-sensical naming and gone with Bronze in place of Advantage, and left Founders as the top level. I also noticed the following changes:

Founders:

The 60% discount is no longer listed under rotating benefits
The rotating benefits no longer lists club pass discounts and such

Other changes:

November 2020 is explicitly listed
Friends and family reference is no longer listed under Bronze - they have listed complimentary GCs instead

So in essence any/all changes that were under consideration for Privileges have been cut, yet they are still raising the existing levels by 100k each. All they have done is add two more tiers to the existing VIP program.

Given COVID-19 I can somewhat understand the why. Times are tough and Wyndham needs revenue, but with such economic uncertainty afoot - and high unemployment for large swaths across a number of economic sectors - I think there’s a real possibility this could end up being a major miss by Wyndham. I’m far from certain they are going to see any revenue boost from existing VIP owners if there are no additional benefits that add any real value.


Sent from my iPhone using Tapatalk

 

[Eric B]

Interesting that they have dropped the entire “Privileges” marketing approach. It’s back to VIP - and they have dropped the non-sensical naming and gone with Bronze in place of Advantage, and left Founders as the top level. I also noticed the following changes:

Founders:

The 60% discount is no longer listed under rotating benefits
The rotating benefits no longer lists club pass discounts and such

Other changes:

November 2020 is explicitly listed
Friends and family reference is no longer listed under Bronze - they have listed complimentary GCs instead

So in essence any/all changes that were under consideration for Privileges have been cut, yet they are still raising the existing levels by 100k each. All they have done is add two more tiers to the existing VIP program.

Given COVID-19 I can somewhat understand the why. Times are tough and Wyndham needs revenue, but with such economic uncertainty afoot - and high unemployment for large swaths across a number of economic sectors - I think there’s a real possibility this could end up being a major miss by Wyndham. I’m far from certain they are going to see any revenue boost from existing VIP owners if there are no additional benefits that add any real value.


Sent from my iPhone using Tapatalk

The 60% discount is still listed for Founders, it's just that it's above rotating rather than below it. Seems like they're pushing a bit harder to motivate current VIPPs to upgrade to Founders; I would guess that they view VIPPs as folks that are more likely to buy more. It also looks like Presidential Reserve members will also automatically get Founders.

 

[Richelle]

Interesting that they have dropped the entire “Privileges” marketing approach. It’s back to VIP - and they have dropped the non-sensical naming and gone with Bronze in place of Advantage, and left Founders as the top level. I also noticed the following changes:

Founders:

The 60% discount is no longer listed under rotating benefits
The rotating benefits no longer lists club pass discounts and such

Other changes:

November 2020 is explicitly listed
Friends and family reference is no longer listed under Bronze - they have listed complimentary GCs instead

So in essence any/all changes that were under consideration for Privileges have been cut, yet they are still raising the existing levels by 100k each. All they have done is add two more tiers to the existing VIP program.

Given COVID-19 I can somewhat understand the why. Times are tough and Wyndham needs revenue, but with such economic uncertainty afoot - and high unemployment for large swaths across a number of economic sectors - I think there’s a real possibility this could end up being a major miss by Wyndham. I’m far from certain they are going to see any revenue boost from existing VIP owners if there are no additional benefits that add any real value.


Sent from my iPhone using Tapatalk

That is my concern as well. If there are no additional benefits, it’s not worth the extra $20k it will cost to get to that level later on. Of course “worth” is dependent on the person. Monetarily it doesn’t save you money right now, with the exception of VIP Silver with PIC. After the changes, there is even less value due to the increased upfront costs. Not everyone can increase their level now. Some may have to wait a year or more to get there, so taking advantage of it now is not an option. The whole “lock it in now” sales pitch will only last so long and only works on people who can afford it. After the change, they are going to have to have better benefits to justify buying 400,000 points to get to the next level. Gold works well for me now. Platinum has a few benefits that would be nice to have, but not worth the additional $40,000 it would take to get there now. It defiantly wouldn’t be worth the additional $60k to get there after the changes. The “worth” is my opinion of course, but I have no doubt many people share my opinion. I don’t see me upgrading to Platinum or Founders if they don’t add or improve the benefits.

 

[WhiskeyJack]

So in essence any/all changes that were under consideration for Privileges have been cut, yet they are still raising the existing levels by 100k each. All they have done is add two more tiers to the existing VIP program.

So what percentage of owners do you think were less than 100K over the current tier level like me? My guess is the increase of 100K was calculated by Wyndham to ensure they put a majority of current VIPs, like myself, in a position where they have to increase their ownership or be forced down to a lower tier. If they don't grandfather current VIPs into current existing tier (which I very much doubt they will) then this could be the last straw for me.

 

[HitchHiker71]

So what percentage of owners do you think were less than 100K over the current tier level like me? My guess is the increase of 100K was calculated by Wyndham to ensure they put a majority of current VIPs, like myself, in a position where they have to increase their ownership or be forced down to a lower tier. If they don't grandfather current VIPs into current existing tier (which I very much doubt they will) then this could be the last straw for me.

The chart indicates grandfathering is being honored, so it's not about grandfathering. It's about trying to motivate current VIP owners to upgrade to the next VIP tier before November 2020, because after that point, upgrading to the next tier requires 100k more points purchased. So if I want to upgrade my current 718k annual VIPG points to VIPP - today I need 283k points. In November 2020 and beyond, I need 383k points. Big difference. I can't speak for anyone else - but no way I'm spending $20-30k on luxury items right now. I'd rather have the cushion in savings given the general economic uncertainty afoot.

 

[HitchHiker71]

The 60% discount is still listed for Founders, it's just that it's above rotating rather than below it. Seems like they're pushing a bit harder to motivate current VIPPs to upgrade to Founders; I would guess that they view VIPPs as folks that are more likely to buy more. It also looks like Presidential Reserve members will also automatically get Founders.

Agreed - it's listed as a "permanent" benefit now - while before it was listed as a rotating benefit. Basically what they did was to remove any net new benefits that would have added to VIP program costs - like Club Pass discounts for example - and simply absorbed all of the costs under the banner of making the 60% discount permanent as opposed to rolling.

 

[dgalati]

Interesting that they have dropped the entire “Privileges” marketing approach. It’s back to VIP - and they have dropped the non-sensical naming and gone with Bronze in place of Advantage, and left Founders as the top level. I also noticed the following changes:

Founders:

The 60% discount is no longer listed under rotating benefits
The rotating benefits no longer lists club pass discounts and such

Other changes:

November 2020 is explicitly listed
Friends and family reference is no longer listed under Bronze - they have listed complimentary GCs instead

So in essence any/all changes that were under consideration for Privileges have been cut, yet they are still raising the existing levels by 100k each. All they have done is add two more tiers to the existing VIP program.

Given COVID-19 I can somewhat understand the why. Times are tough and Wyndham needs revenue, but with such economic uncertainty afoot - and high unemployment for large swaths across a number of economic sectors - I think there’s a real possibility this could end up being a major miss by Wyndham. I’m far from certain they are going to see any revenue boost from existing VIP owners if there are no additional benefits that add any real value.


Sent from my iPhone using Tapatalk

I'm sure they made plenty selling unnecessary points to existing VIP owners that would have been grandfathered in.

 

[WhiskeyJack]

The chart indicates grandfathering is being honored, so it's not about grandfathering. It's about trying to motivate current VIP owners to upgrade to the next VIP tier before November 2020, because after that point, upgrading to the next tier requires 100k more points purchased. So if I want to upgrade my current 718k annual VIPG points to VIPP - today I need 283k points. In November 2020 and beyond, I need 383k points. Big difference. I can't speak for anyone else - but no way I'm spending $20-30k on luxury items right now. I'd rather have the cushion in savings given the general economic uncertainty afoot.

I agree with your point that this is trying to motivate owners to buy more now. However I am not certain I interpret the PDF in the same way you are. I read it that you need to buy 383K points (using your example) now at the current prices because prices will be going up after November 2020.

I also don't see that the PDF indicates grandfathering will be honored. I think you make that statement based on the grey box saying the new tiers will maintain you existing benefits. However I interpret this to say that if you have enough points to stay in the tier you are in today (1.099M for Gold) then you will still have the same benefits you receive as Gold today. I don't interpret it to say that you will still be Gold if you have 799,999 points today.

I hope you are correct about grandfathering but I am not convinced that will be the case. Hopefully it will be confirmed one way or the other at the owners meeting.

 

[Jan M.]

I agree with your point that this is trying to motivate owners to buy more now. However I am not certain I interpret the PDF in the same way you are. I read it that you need to buy 383K points (using your example) now at the current prices because prices will be going up after November 2020.

I also don't see that the PDF indicates grandfathering will be honored. I think you make that statement based on the grey box saying the new tiers will maintain you existing benefits. However I interpret this to say that if you have enough points to stay in the tier you are in today (1.099M for Gold) then you will still have the same benefits you receive as Gold today. I don't interpret it to say that you will still be Gold if you have 799,999 points today.

I hope you are correct about grandfathering but I am not convinced that will be the case. Hopefully it will be confirmed one way or the other at the owners meeting.

It was emphatically stated at the owner's meeting in Austin last November that current VIP owners would be grandfathered.

 

[Richelle]

I agree with your point that this is trying to motivate owners to buy more now. However I am not certain I interpret the PDF in the same way you are. I read it that you need to buy 383K points (using your example) now at the current prices because prices will be going up after November 2020.

I also don't see that the PDF indicates grandfathering will be honored. I think you make that statement based on the grey box saying the new tiers will maintain you existing benefits. However I interpret this to say that if you have enough points to stay in the tier you are in today (1.099M for Gold) then you will still have the same benefits you receive as Gold today. I don't interpret it to say that you will still be Gold if you have 799,999 points today.

I hope you are correct about grandfathering but I am not convinced that will be the case. Hopefully it will be confirmed one way or the other at the owners meeting.

In addition to what Jan mentioned about the owners meeting, this is a slide from that owners meeting.

The PDF indicated in multiple places that you will keep your status.

It’s also stated on the website.

The only owners not being “grandfathered” are people who already own 300,000 points before the new program was announced. They will not automatically get status. That’s because they don’t already have VIP. They didn’t pay to become VIP. If they automatically have them Bronze, they’d be giving away VIP for free. VIP owners would take issue with that. People who already had 1.4 million retail bought points and PR owners will automatically get Founder status.

 

[dgalati]

In addition to what Jan mentioned about the owners meeting, this is a slide from that owners meeting.

The PDF indicated in multiple places that you will keep your status.

It’s also stated on the website.

The only owners not being “grandfathered” are people who already own 300,000 points before the new program was announced. They will not automatically get status. That’s because they don’t already have VIP. They didn’t pay to become VIP. If they automatically have them Bronze, they’d be giving away VIP for free. VIP owners would take issue with that. People who already had 1.4 million retail bought points and PR owners will automatically get Founder status.

Its a shame sales didn't get this memo and sold many owners additional points they did not need knowing that they would be grandfathered in under old VIP levels. Same strategy of promoting a new program to daze and confuse owners into buying more points then they need or can use.

 

[HitchHiker71]

I agree with your point that this is trying to motivate owners to buy more now. However I am not certain I interpret the PDF in the same way you are. I read it that you need to buy 383K points (using your example) now at the current prices because prices will be going up after November 2020.

I also don't see that the PDF indicates grandfathering will be honored. I think you make that statement based on the grey box saying the new tiers will maintain you existing benefits. However I interpret this to say that if you have enough points to stay in the tier you are in today (1.099M for Gold) then you will still have the same benefits you receive as Gold today. I don't interpret it to say that you will still be Gold if you have 799,999 points today.

I hope you are correct about grandfathering but I am not convinced that will be the case. Hopefully it will be confirmed one way or the other at the owners meeting.

The email sent to all VIP Wyndham owners today clearly outlines that grandfathering will be honored:

 

[Richelle]

Its a shame sales didn't get this memo and sold many owners additional points they did not need knowing that they would be grandfathered in under old VIP levels. Same strategy of promoting a new program to daze and confuse owners into buying more points then they need or can use.

Are you sure they didn’t get the memo? Or was that sarcasm?

 

[WhiskeyJack]

Thanks to all for confirmation on grandfathering. I had not seen anything yet so really good to know. Guess that last straw is still up in the air.

 

[Rolltydr]

The email sent to all VIP Wyndham owners today clearly outlines that grandfathering will be honored:

View attachment 23645

Also, “...and your benefits are getting better.” I’m Silver VIP and I don’t see any improvements listed. Am I missing something?

 

[erniecrews]

The email sent to all VIP Wyndham owners today clearly outlines that grandfathering will be honored:

View attachment 23645

I didn't get an email.

 

[comicbookman]

Also, “...and your benefits are getting better.” I’m Silver VIP and I don’t see any improvements listed. Am I missing something?

I don't see any new benefits at platinum level either.

 

[Richelle]

Also, “...and your benefits are getting better.” I’m Silver VIP and I don’t see any improvements listed. Am I missing something?

They have not announced them yet. The email said we would be getting updates.

 

[Richelle]

What do you guys think? I think this would be a great way to figure out which attendees are TUG owners, and promote the site. @TUGBrian, seeing this is the TUG logo, let me know where I should send the royalties to, or if there is a way to set it up automatically. I've never sold a design on Zazzel before.

 

[TheHolleys87]

What do you guys think? I think this would be a great way to figure out which attendees are TUG owners, and promote the site. @TUGBrian , seeing this is the TUG logo, let me know where i should send the royalties to, or if there is a way to set it up automaticly. I've never sold a design on Zazzel before.

View attachment 23665

@TUGBrian, I would like one of those, without the owners’ meeting information since I won’t be attending. And maybe in white, to be cooler?

 

[Richelle]

You might be able to modify it yourself, but I felt the logo stood out more with the black.

 

[Richelle]

@TUGBrian, I would like one of those, without the owners’ meeting information since I won’t be attending. And maybe in white, to be cooler?

Here is in it white without the text. I think Black makes the logo stand out more.

 

[TUGBrian]

haha...thats outstanding.

just wearing it would be payment enough for us, no need to send us royalties =)