The Wyndham sales and marketing division pays the difference to answer your question. As long as they make more money selling VOI developer contracts due to the VIP program benefitin the sales process than it costs this division - the program will stay around basically.
I would expect that too would come from sales and marketing.
I logged in to look at the financial statements, and I found something interesting in a previous year's documents (with the header "2024 Fairshare Vacation Plan Use Management Trust" although it's actually for the year ended 12/31/2023). Check this out:Thanks all. I understand what it is, just trying to understand who pays for it. Not trying to argue, but to make an informed business decision on if I'm continuing on with the company or not.
I'll attach the part of the 2026 budget that concerns me. Wyndham pays $10,000,000 toward VIP program expenses that are $18,589,838. It doesn't matter what makes up those expenses, they are what they are. If the developer isn't covering the full cost, then are the CWP members paying around half the cost of the developers program? Help me understand because it looks that way to me. Am I missing something and wrong?
Edited to correct a typo as I seem to want to call CWP as CWA
Ewwww! I suddenly feel so third party-ish!I logged in to look at the financial statements, and I found something interesting in a previous year's documents (with the header "2024 Fairshare Vacation Plan Use Management Trust" although it's actually for the year ended 12/31/2023). Check this out:
"As part of WVR’s marketing program to sell the VOI properties, WVR created a VIP program for members. Members who qualify for the VIP program receive special services and discounts on services related to their use of the property purchased from WVR. WVR paid a VIP marketing fee to the Trust to administer this VIP program of $10,000,000 in 2023. The remaining amount of VIP revenues are funded by third parties."
So all we have to do is figure out who the third parties are (easier said than done, I'm sure).
I also noticed something completely unrelated in the budget that shouldn't have been surprising, but maybe I was just surprised that it actually had its own budget line. The budget line for Interval International memberships is $5,915, total. We knew there were very few owners left with an II membership, but that confirms just how few. And in 2025 it was $6,930, so it's declining.
In contrast, the two budget lines for RCI memberships are over $26 million. Another interesting fact is that the dollar amount for non-PlusPartners RCI memberships is about 9% of that $26 million. Does that mean resale-only owners are in the 9% range total ownership? That seems high, if I'm being honest.
I logged in to look at the financial statements, and I found something interesting in a previous year's documents (with the header "2024 Fairshare Vacation Plan Use Management Trust" although it's actually for the year ended 12/31/2023). Check this out:
"As part of WVR’s marketing program to sell the VOI properties, WVR created a VIP program for members. Members who qualify for the VIP program receive special services and discounts on services related to their use of the property purchased from WVR. WVR paid a VIP marketing fee to the Trust to administer this VIP program of $10,000,000 in 2023. The remaining amount of VIP revenues are funded by third parties."
So all we have to do is figure out who the third parties are (easier said than done, I'm sure).
I also noticed something completely unrelated in the budget that shouldn't have been surprising, but maybe I was just surprised that it actually had its own budget line. The budget line for Interval International memberships is $5,915, total. We knew there were very few owners left with an II membership, but that confirms just how few. And in 2025 it was $6,930, so it's declining.
In contrast, the two budget lines for RCI memberships are over $26 million. Another interesting fact is that the dollar amount for non-PlusPartners RCI memberships is about 9% of that $26 million. Does that mean resale-only owners are in the 9% range total ownership? That seems high, if I'm being honest.
I just booked my first RCI trip for Labor Day weekend. I think I will use it in the future because they closed Shawnee and we like northeast trips.
Thanks, I really appreciate this!!! I hope you can handle reasonable follow up depending on what is going on and why it's reported this way as you discuss this with them. And where the third party dollars are reported to balance it out, "budget wise". It takes the trust from an approx. 7 million surplus to an approx. 1 million loss. It looks odd to me, but I'd like to hear the other side of it before rushing to any judgement. Thanks!!!
We haven't had any meetings since my last post due to the holiday break, and we don't have any meetings scheduled after the holiday break just yet. Once we get a meeting scheduled and I have a chance to make the ask, I'll follow up here. Until then, there won't be any progress on this item since it's not directly related to the ongoing resort exits - which is the current priority.
