Changes coming to VIP

[rrlongwell]

according to the small print on page 287 of the current directory "Only Club Wyndham points associated with ownership interests purchase directly through Wyndhamor its affliates, ownership interests aquire by will or intestate succession, ownership interests aquired by "Immediate Relative" of Members, or through PIC conversion count toward VIP status"

so thats 4 ways to get VIP status

1) ownership interests purchase directly through Wyndhamor its affliates
2) ownership interests aquire by will or intestate succession
3) ownership interests aquired by "immediate Relative" of Members
4) through PIC conversion

regardong #2 If I aquire an ownership via a will; certainly I have to prove that the prior owner is dead...but I dont have to prove that I was related to him to keep the VIP status of the account

There is no requirement that the new owner has to have been related to the prior, now dead owner

Ron reads this like I do. I just cannot figure out who specifically are the Affiates. There are a couple ways I could read this. Is this the affiliated resorts listed in the members directory or companies that are affiliated With Wyndham Worldwide.

 

[jjmanthei05]

So because it's Monday and I don't really feel like working I created the scenario that I would think creates the maximum VIP benefit. Hope you can follow this.

Assumtions:
1) VIP Platinum purchase of 1,000,000 pts
2) Every reservation gets maximum discount and upgrade
3) All reservations done on individual days requiring a reservation transaction for each.
4) All reservations done in quiet time to maximize housekeeping credits required
5) Physical limitations of total units at resort not taken into account
6) Guest Certificates not required
7) Full week only reservations
8) Housekeeping credits @ 2.25, Reservation Transactions @ 30, Maintenance fees at $5/k
9) Retail points purchased at $130/k

The greatest point difference I have found is at Ocean blvd in January with a 333% increase from a 1 bed lower (36,000) to a 4 bed pres(120,000).

Results

# of VIP Reservations: 55
Resale Points Needed: 6.6 million (55 reservations x 120,000 points)
Extra MF Cost: $28,000
Reservation Transaction Cost: $0 (85 Included)
Extra Housekeeping Credits (1870 credits): $4,207

Total Savings from VIP: $32,207

ROI: 4.036 years

So that is the best I can figure you would ever hope to return.

Jason

 

[jjmanthei05]

Ron reads this like I do. I just cannot figure out who specifically are the Affiates. There are a couple ways I could read this. Is this the affiliated resorts listed in the members directory or companies that are affiliated With Wyndham Worldwide.

I don't know how the corporate structure works at Wyndham but it is possible that each sales office is it's own corporation affiliated with Wyndham. That way if a sales office ever makes an error and gets sued they can only go after that office instead of Wyndham as a whole. Same way that a company would be set up where all of the assets are in a holding company and rented to the actual business creating the product. That way if something were to happen and the company gets sued they can't go after the actual equipment or building just the value of the company itself. Just a possibility.

Jason

 

[ronparise]

If VIP transferred then everyone would be VIP. Wyndham has the right to not let VIP transfer. It does hurt people who do not know what they are getting into and then sell. It is great for people who keep their ownership.

It separates resale and retail points. Yes resale points sell for $1. Points that are VIP eligible do not. So when someone purchases retail they do not lose 90% of what they paid once the recession period is over. This is one of many points that the anti-Wyndham VIP crowd on here do not get.

Im not anti Wyndham, (I just contracted to buy another 800000 points) I may be stupid, but Im not anti Wyndham, and I do know how to add...

Of course that VIP owner loses nearly all of what he paid after the rescision period....his points are worth no more than mine on the resale market

Dont get me wrong I would love to be a Platinum VIP owner, but I cant make the math work. Its cheaper for me to buy the extra points I need on the secondary market to match the benefits VIP offers

 

[vacationhopeful]

Jason,
I hope your employer does not have a sniffer program on your interent trolling. Nicely done.

Next question of the day: How long does the average FullPrice Wyndham Platimum buyer USE their timeshare before dying or selling or walking away?

I bet it is under 5 years .... due to health issues (which includes dying).

 

[ronparise]

So because it's Monday and I don't really feel like working I created the scenario that I would think creates the maximum VIP benefit. Hope you can follow this.

Assumtions:
1) VIP Platinum purchase of 1,000,000 pts
2) Every reservation gets maximum discount and upgrade
3) All reservations done on individual days requiring a reservation transaction for each.
4) All reservations done in quiet time to maximize housekeeping credits required
5) Physical limitations of total units at resort not taken into account
6) Guest Certificates not required
7) Full week only reservations
8) Housekeeping credits @ 2.25, Reservation Transactions @ 30, Maintenance fees at $5/k
9) Retail points purchased at $130/k

The greatest point difference I have found is at Ocean blvd in January with a 333% increase from a 1 bed lower (36,000) to a 4 bed pres(120,000).

Results

# of VIP Reservations: 55
Resale Points Needed: 6.6 million (55 reservations x 120,000 points)
Extra MF Cost: $28,000
Reservation Transaction Cost: $0 (85 Included)
Extra Housekeeping Credits (1870 credits): $4,207

Total Savings from VIP: $32,207

ROI: 4.036 years

So that is the best I can figure you would ever hope to return.

Jason

I prefer to KISS...(keep it simple stupid) and assume in the real world, I need double the points a platinum VIP has, to match his discounts and upgrades ......A hypothetical 1000000 point VIP account will cost $100000 and pay $5000 a year mf...vs no purchase cost and $10000 mf for the non vip at the end of 20 years we break even

However

If the non VIP invests his $100,000 at 5% he can make up the difference in mf and a breakeven point is never reached

 

[ace2000]

I prefer to KISS...(keep it simple stupid) and assume in the real world, I need double the points a platinum VIP has, to match his discounts and upgrades ......A hypothetical 1000000 point VIP account will cost $100000 and pay $5000 a year mf...vs no purchase cost and $10000 mf for the non vip at the end of 20 years we break even

However

If the non VIP invests his $100,000 at 5% he can make up the difference in mf and a breakeven point is never reached

Not as simple as you think... you're leaving the advantages of that morning paper out of your equation.

 

[jjmanthei05]

Jason,
I hope your employer does not have a sniffer program on your interent trolling. Nicely done.

Next question of the day: How long does the average FullPrice Wyndham Platimum buyer USE their timeshare before dying or selling or walking away?

I bet it is under 5 years .... due to health issues (which includes dying).

Nah I am the IT guy at work so I know what we run...lol

Jason

 

[jjmanthei05]

Not as simple as you think... you're leaving the advantages of that morning paper out of your equation.

Just ask for a room closer to the front desk to reduce your cost...I mean walking distance for the paper.

Jason

 

[ronparise]

Not as simple as you think... you're leaving the advantages of that morning paper out of your equation.

That and the early check in....but I make up for it by stealing shampoo out of the maids cart

BTW I really like that shampoo and the dishwasher soap

 

[vacationhopeful]

..BTW I really like that shampoo and the dishwasher soap

Wyndham has a NEW POLICY to VIPs (and all guests) with the midweek Clean & Tidy.

As a cost saving measure to all owners, NO MORE FREE RESETS of supplies. IF you ask for more coffee packs, the charge is $2.50. No new soap. No extra Dishwasher soap packs. No extra or reset shampoo or conditioner or lotion. No reset on the laundry soap for W/D. Can't ask at the FRONT DESK for MORE either -- they have a PRINTED PRICE LIST. Seriously!.

Hope they will continue giving out toilet paper.

 

[am1]

So because it's Monday and I don't really feel like working I created the scenario that I would think creates the maximum VIP benefit. Hope you can follow this.

Assumtions:
1) VIP Platinum purchase of 1,000,000 pts
2) Every reservation gets maximum discount and upgrade
3) All reservations done on individual days requiring a reservation transaction for each.
4) All reservations done in quiet time to maximize housekeeping credits required
5) Physical limitations of total units at resort not taken into account
6) Guest Certificates not required
7) Full week only reservations
8) Housekeeping credits @ 2.25, Reservation Transactions @ 30, Maintenance fees at $5/k
9) Retail points purchased at $130/k

The greatest point difference I have found is at Ocean blvd in January with a 333% increase from a 1 bed lower (36,000) to a 4 bed pres(120,000).

Results

# of VIP Reservations: 55
Resale Points Needed: 6.6 million (55 reservations x 120,000 points)
Extra MF Cost: $28,000
Reservation Transaction Cost: $0 (85 Included)
Extra Housekeeping Credits (1870 credits): $4,207

Total Savings from VIP: $32,207

ROI: 4.036 years

So that is the best I can figure you would ever hope to return.

Jason

A good effort but:

- guest confirmations would be needed with that many reservations. $1500
-possibly more reservation transactions assume reservations will need to be cancelled and rebooked. not much extra cash but no stress of running out with VIP
-short week stays go in favour of the VIP
-what is the purchase price of the resale points
-what is the exit strategy of the two different ownerships and costs?


Yes I agree the average would be low on how long VIP platinum memberships are used for.

 

[rrlongwell]

... Hope they will continue giving out toilet paper.

In this day and age of Wyndhamland, aren't you asking for a lot?

 

[vacationhopeful]

In this day and age of Wyndhamland, aren't you asking for a lot?

I do know how to take it out of their lobby bathrooms.

But I DO SUGGEST everyone who checks in immediately washes all the dishes and glassware and silverware --- 2 or 3 DW soap packs are NOT enough to do a week's worth of dishes for 1 person in a 1bdr. The "start the DW on your way out", will be a hot water rinse.

 

[rrlongwell]

I do know how to take it out of their lobby bathrooms.

But I DO SUGGEST everyone who checks in immediately washes all the dishes and glassware and silverware --- 2 or 3 DW soap packs are NOT enough to do a week's worth of dishes for 1 person in a 1bdr. The "start the DW on your way out", will be a hot water rinse.

Good point.

 

[jjmanthei05]

A good effort but:

- guest confirmations would be needed with that many reservations. $1500
-possibly more reservation transactions assume reservations will need to be cancelled and rebooked. not much extra cash but no stress of running out with VIP
-short week stays go in favour of the VIP
-what is the purchase price of the resale points
-what is the exit strategy of the two different ownerships and costs?


Yes I agree the average would be low on how long VIP platinum memberships are used for.

-Again I assumed all usage by the owner requiring no guest certs
-You have 30ish extra transactions over and above what would be required for the 55 reservations.
-Short weeks stays really only benefit on hks and rts but prime reservations would work more in the favor of the resale owner as not as many transactions so less rts needed and less hks
-Exit strategies would be the same except for the "pain" felt by the VIP owner .

If you go in knowing that your VIP benefits aren't transferable and your resale prices are going to be 90-95% less than what you paid all the more power to you.

Jason

 

[rickandcindy23]

If VIP transferred then everyone would be VIP. Wyndham has the right to not let VIP transfer.

The value tanked as soon as they stopped the transfer of VIP benefits in resale. Wyndham is the reason Wyndham values are down to free or practically free. They did it to their product, and then the salespeople trash resale. It's bizarre.

 

[ausman]

Wyndham has a NEW POLICY to VIPs (and all guests) with the midweek Clean & Tidy.

As a cost saving measure to all owners, NO MORE FREE RESETS of supplies. IF you ask for more coffee packs, the charge is $2.50. No new soap. No extra Dishwasher soap packs. No extra or reset shampoo or conditioner or lotion. No reset on the laundry soap for W/D. Can't ask at the FRONT DESK for MORE either -- they have a PRINTED PRICE LIST. Seriously!.

Hope they will continue giving out toilet paper.

The stated VIP benefit is just supposed to be fresh towels and take out the trash. So in one sense that is all that should be expected.

If the resort has always supplied extra supplies and now does not, then I agree it stinks.

I haven't stayed at a Wyndham resort for 4 mths now and it will be six before I do so again. Is this applicable to all Wyndham managed resorts or just a few.?

 

[vacationhopeful]

It was mention as a cost saving feature for Royal Vista at the HOA meeting and implemented already at Sea Gardens.

 

[rrlongwell]

The stated VIP benefit is just supposed to be fresh towels and take out the trash. So in one sense that is all that should be expected.

If the resort has always supplied extra supplies and now does not, then I agree it stinks.

I haven't stayed at a Wyndham resort for 4 mths now and it will be six before I do so again. Is this applicable to all Wyndham managed resorts or just a few.?

The soap, shampoo, ect, to my knowledge, did not track to VIP status, it is just done by the resort for all guests.

 

[jjmanthei05]

I think this is more of a resort by resort thing. For example last time we stayed at Palm-Aire they replaced everything (dish washing, laundry, soap ect) which was good because our 2 year old was sick for 5 days and threw up nightly so there was a lot of laundry. Glacier Canyon doesn't, Great Smokies and Seawatch do. We are staying there end of March so I called and checked. I would just call the resort and ask them what they replace just to not be blind sided when you show up.

Jason

 

[vacationhopeful]

I think this is more of a resort by resort thing. For example last time we stayed at Palm-Aire they replaced everything (dish washing, laundry, soap ect) which was good because our 2 year old was sick for 5 days and threw up nightly so there was a lot of laundry. Glacier Canyon doesn't, Great Smokies and Seawatch do. We are staying there end of March so I called and checked. I would just call the resort and ask them what they replace just to not be blind sided when you show up.

Jason

Jason,
I am sure that will change as the Sea Gardens manager is taking the helm at Palm Aire.

 

[persia]

Or a unit next to a VIP that likes to sleep in...

Just ask for a room closer to the front desk to reduce your cost...I mean walking distance for the paper.

Jason

 

[ace2000]

Or a unit next to a VIP that likes to sleep in...

Yep, that always works. Just make sure you put the sections back in the right order.

Always drives me crazy when I can't find one on my floor, and have to walk the stairs to find one.

 

[am1]

The value tanked as soon as they stopped the transfer of VIP benefits in resale. Wyndham is the reason Wyndham values are down to free or practically free. They did it to their product, and then the salespeople trash resale. It's bizarre.

If VIP transferred why would people buy retail???? That is what makes the two different products.