Can give you my experience and thoughts.
About 3 years ago at update salesman said he had a new program that would address the lack of ARP in my account and get me to VIP gold with 203K CWA purchase. Amazingly both statements were true. However, as I pointed out to him paying around $40K for CWA which carried about a 20% premium did not make sense as incremental increase in VIP benefits was only worth at best a few hundred dollars a year!
So, I went on e-bay and found 3 GD 154K points contacts for sale. One had been turned over to CWA. None had bids so spent the proverbial dollar for CWA contract. I did note other 2 deeds MF were about $75 cheaper but ARP at some 40 resorts at that time was worth a try!
My problem is I have never been able to use. Granted I have only gone for red hot events and weeks. Basically VC advises me lots of ARP inventory in that bucket, but CWA bucket has a "hole" in it. Whatever goes in disappears immediately. Most suggest calling back at 10 month point.
The word is it will get better as more inventory is added. My analysis is deeds at older sold out resorts are mostly paid off so very few foreclosures and why would any one with ARP at prime beach, ski, whatever resort trade in for a crap shoot. Also, if I owned at resort with MF of less than
$4.00/ 1,000 points would I give up for MF of $5.42 and maybe getting into ARP reservations.
Generally you are looking at 105K Developer purchase to upgrade and with CWA preminum around $20K. One could buy a couple resorts resale with ARP where you wanted and have several bucks left over.
Likewise, why would anyone who wants to go to BC every year for 4th of July buy CWA which carries a premium of around 20% and again be in a crap shoot.
Of course, if one is going for ARP which is prime time hot resort you will need tons of points. Think BC 1 BR is 166K or OB Tower 2 is 203K or LBM 189K. Small CWA contracts or any for that matter are worthless for ARP unless one likes short mid week stays!
ROFR is worthless and just hold up deeding process a month until Wyndham says no way!
My hangup with CWA is where and how are they going to get red hot inventory? I just don't see people giving Wyndham tens of thousands of dollars for new CWA inventory especially if they read this Forum.