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Extra Holidays Experience

T

timesharetraveler316

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What has your experience been with signing a Listing Agreement with Extra Holidays and then getting paid? Has it helped pay maintenance fees?


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raygallion said:
What has your experience been with signing a Listing Agreement with Extra Holidays and then getting paid? Has it helped pay maintenance fees?


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Click to expand...

There's another string or two about EH. Several people, including me, have posted experiences with EH.

Any payment from EH could help pay maintenance fees. It could also help pay rent, utilities, groceries, etc.
 
I've recently made some posts about EH as has Pink_Warrior. You should read them.
 
@Pink_Warrior posted a few days ago with her 2022 results. Peeling out the extra commentary (she is a bit upset, rightfully so)
Submitted 10 reservations to EH is 2022
1 had not been booked 15 days out, so she cancelled it.
9 had booked 15 days out.
- 7 were cancelled
- 2 were completed.

If her post is accurate, the risk of wasting points for 7 out of 9 reservations is not a risk I'm willing to take. I"ll use the donate to charity option before donating to Wyndham.
 
Thank you for posting! Not a good track record
Anyone have a different experience?


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Another friend just found out that only one night of a two night stay rented and how much he'll be getting for the night that did rent. It's enough to cover about 50% of the maintenance fees for that night. So he's 75% in the hole for that reservation.

He had a second reservation that never rented so he's 100% in the hole on that one.

There's a third reservation for this coming summer that 6 of the 7 nights were rented. If the renter cancels even up to the last minute he's out 173k points on that one.

He had them cancel all the other reservations he'd given them.

Extra Holidays renting stays through various other travel sites means there's a time lag in them being notified when the renter cancels. We don't even know if EH finds out that the renter cancelled until after the check in date has passed. That means the owners stays aren't getting relisted and sold to someone else. I can tell you from extensive experience that good last minute stays will often sell within hours to a day or two of being listed.
 
I tried to rent over a million points with Extra Holidays last year. From previous experience I made four 3 day reservations at Royal Vista and four 3 day reservations at Clearwater Beach. In 2021, RV and Clearwater rented in the fall season for far more than Bonnet Creek. Of the 24 days I tried to rent, I was able to actually rent 15 days. One reservation was never booked, one was fully booked but cancelled, and three reservations were only rented for 2 of the 3 days All things considered, I was paid $2791.59 for the 24 days I submitted to EH which cost me $8644.32 in maintenance fees or about 32% return on my investment. Very bad deal. To top it off, I tried to rent my Royal Vista and Clearwater reservations in 2023 and EH said they could not rent either of those locations because they are exclusively owner priority for the whole year. So, we officially started the Certified Exit, Limited Edition process today. They recommended that we use all our 2023 points before starting, so I converted them to pay maintenance fees for a grand total of $2100 for a million points. Since we are deeded owners, they said it will probably take about six months to complete the process during which we continue to pay maintenance fees. Eventually, we will get a million points a year for three years with no maintenance fees. But can only reserve at 10 months and my wife or I have to be on the reservations - no guest reservations. Will let you know what it goes, but we are on the way out of Wyndham after about 18 years of watching the benefits erode away.
 
I have not seen a thread that shows what owners who allow EH to list their reservations are getting paid.

It would be good if this thread could show what owners are getting paid by EH for the number points used for the reservation.


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As long as the renter can cancel on a shorter window than the rentee could, I'm would be out.

Unfair advantage to the house.
 
timesharetraveler316 said:
I have not seen a thread that shows what owners who allow EH to list their reservations are getting paid.

It would be good if this thread could show what owners are getting paid by EH for the number points used for the reservation.
Click to expand...
look at post #7 just above yours.
 
Yes, agree # 7 is very helpful. Would be great to see others post similar EH transaction details.


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What amazes me is how much better their website is than Wyndham or Worldmark. I guess they invest in it because of the revenue they make and don’t in the others because they have already made the sale with owners.
 
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timesharetraveler316 said:
I have not seen a thread that shows what owners who allow EH to list their reservations are getting paid.

It would be good if this thread could show what owners are getting paid by EH for the number points used for the reservation.


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Click to expand...
I don’t think there’s a standard, though please correct me if I am wrong. It seems like what Extra Holidays charges for a room varies by dates and locations, so you likely won’t see a standard answer. I know some places may not command a ton of points but could command a handsome rental fee.
 
Not worth it. We own Wyndham. Minimum reservations allowed is 3 days. Did that at a popular beach area over a July 4th weekend thinking it would result in a nice gain. EH only rented out one of the three days. Our net after fees was about $150. Not worth it. If you have points you’re not going to use, you’d be better off rolling points into the next year, paying maintenance fees, give it to family and friends or give it away to the Veterans program. We recently added our kids to our account so at least someone in the family can enjoy it when we can’t.
Had a couple other ones they never rented, I cancelled the reservations and got my points back. Don’t bother. Tried RedWeek, hit or miss. Better to post on eBay or even TUG.
 
1Melanie said:
Not worth it. We own Wyndham. Minimum reservations allowed is 3 days. Did that at a popular beach area over a July 4th weekend thinking it would result in a nice gain. EH only rented out one of the three days. Our net after fees was about $150. Not worth it. If you have points you’re not going to use, you’d be better off rolling points into the next year, paying maintenance fees, give it to family and friends or give it away to the Veterans program. We recently added our kids to our account so at least someone in the family can enjoy it when we can’t.
Had a couple other ones they never rented, I cancelled the reservations and got my points back. Don’t bother. Tried RedWeek, hit or miss. Better to post on eBay or even TUG.
Click to expand...
Posting on RedWeek, eBay, and TUG puts one at risk of getting the dreaded "commercial use" letter.
 
Some of you complaining about not being able to make money renting your timeshare might have a legitimate complaint if Wyndham Vacation Ownership / Club Wyndham was a program you bought into for the purposes of selling timeshares or renting timeshares, instead of... you know, a timeshare for you to use when on vacation.

Every single one of you bought in before Extra Holidays even existed, and we've beat the dead horse about "not for commercial use" being in the directory for decades, so I kind of chuckle when I see the same bad actors complaining about "losing money" on your vacation ownership...

You knew the music would stop eventually and you would be without a chair, the question was never IF, but WHEN...
 
troy12n said:
Some of you complaining about not being able to make money renting your timeshare might have a legitimate complaint if Wyndham Vacation Ownership / Club Wyndham was a program you bought into for the purposes of selling timeshares or renting timeshares, instead of... you know, a timeshare for you to use when on vacation.

Every single one of you bought in before Extra Holidays even existed, and we've beat the dead horse about "not for commercial use" being in the directory for decades, so I kind of chuckle when I see the same bad actors complaining about "losing money" on your vacation ownership...

You knew the music would stop eventually and you would be without a chair, the question was never IF, but WHEN...
Click to expand...
I agree on the issue of commercial sales when it relates to someone going into business. However I think the point is how unequitable the Extra Holidays is. This is an approved way for the owner to offset some MF's or unused points. The owner takes all the risk while Wyndham profits twice off the same product. If they were a more honest company and cared about their owners, there would be more equal distribution of risk/reward. This is one of many reasons why Wyndham is despised by its owners.
 
One of the main reasons I was okay with owning over renting is because I'm an hour from Orlando. I will never run into an issue where I can't use up my points since I can just quickly burn through them with Bonnet Creek staycations. I don't think I would have made the same choices if the resorts weren't such easy access for me.
 
Mongoose said:
I agree on the issue of commercial sales when it relates to someone going into business. However I think the point is how unequitable the Extra Holidays is. This is an approved way for the owner to offset some MF's or unused points. The owner takes all the risk while Wyndham profits twice off the same product. If they were a more honest company and cared about their owners, there would be more equal distribution of risk/reward. This is one of many reasons why Wyndham is despised by its owners.
Click to expand...
Welcome to the Wyndham world. Then when you exit Wyndham will take back your ownership at a cost of 0/1000. A great deal compared to the exit companies Wyndham describes as unscrupulous. LOL
 
If Wyndham intends to make EH viable, it seems they would need rules that behave differently than rules for owner booked stays. Such as returning cancelled and unused partial week points regardless of when cancelled. Even becomming a ‘points manager’ where owners deposit points for them to manage or take back if not used. They would still need to honor the ‘owners only’ restricted dates to steer clear of owner interests. Or would this upset owners who feel all the inventory should be for owner use only?

Bob
 
OutSkiing said:
If Wyndham intends to make EH viable, it seems they would need rules that behave differently than rules for owner booked stays. Such as returning cancelled and unused partial week points regardless of when cancelled. Even becomming a ‘points manager’ where owners deposit points for them to manage or take back if not used. They would still need to honor the ‘owners only’ restricted dates to steer clear of owner interests. Or would this upset owners who feel all the inventory should be for owner use only?
Click to expand...
OutSkiing said:
If Wyndham intends to make EH viable, it seems they would need rules that behave differently than rules for owner booked stays. Such as returning cancelled and unused partial week points regardless of when cancelled. Even becomming a ‘points manager’ where owners deposit points for them to manage or take back if not used. They would still need to honor the ‘owners only’ restricted dates to steer clear of owner interests. Or would this upset owners who feel all the inventory should be for owner use only?

Bob
Click to expand...
I’m sure they think it’s viable for them. It’s just another way for them to make money off the owners.
 
Mongoose said:
I’m sure they think it’s viable for them. It’s just another way for them to make money off the owners.
Click to expand...
But with the success rate as low as it seems, I would think they only get an owner to try it ‘once’. I am thinking you need repeat business to be ‘viable’.

Bob
 
Wyndham took away the ability to transfer points from one owner to another many years ago. That was a very simple way to at least cover your maintenance fees on excess points that you just can't use for some reason. There was a very simple marketplace for your points without having to make any reservations or being responsible for guests.
 
Wyndham took away the ability to transfer points from one owner to another many years ago. That was a very simple way to at least cover your maintenance fees on excess points that you just can't use for some reason. There was a very simple marketplace for your points without having to make any reservations or being responsible for guests.
Click to expand...

Yeah, there's no possible way that could have been exploited... especially with the rampant FRAUD that existed when the credit pool could be exploited like a broken ATM machine to fabricate (read: STEAL) literally millions of points you weren't entitled to...

Wyndham may be stupid, but i'm sure they saw that was a big mistake long ago that even they couldn't turn a blind eye to
 
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