HitchHiker71
Moderator
- Joined
- Jun 29, 2018
- Messages
- 4,474
- Reaction score
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- Location
- The First State
- Resorts Owned
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Outer Banks Beach Club I (PIC Plus)
Colonies at Williamsburg (PIC Plus)
CWA VIP Gold (718k EY)
National Harbor Resale (689k)
Another great idea, let's scare the bajeebies out of everyone, so they give back their contracts via the Certified Exit program. What is happening to those points, while Wyndham is working to resell them at full price? Are they working for good of the revenue stream (via their rentals and 3rd party resellers)? Surely these strategies are talked about in board rooms?
I think big picture that aggregate demand for timesharing is falling over time, especially when compared to it's heyday back in the 80's and 90's. For this reason, existing timeshare companies need to innovate to replace revenue streams. I suspect they are taking an "all of the above" type approach when it comes to revenue streams. Different sales methods, rentals, integration with third party rental sites, exit programs to resell inventory to net new buyers, you name it - it's all on the table I would imagine. If we look at what is happening in the vacation markets, we've seen the emergence and proliferation of vacation planning methods move toward Airbnb, Vacasa, Expedia, Travelocity, etc. A bunch of online vacation booking and planning tools that allow consumers to manage their own vacations without middle men being involved in other words. Travel agents are no longer necessary. Sure some people still use travel agents - but increasingly this is no longer the case with more apps coming out every day and the younger generations technology adept and able to utilize the internet/apps to plan their own vacations. Companies like Wyndham need to adapt or risk losing their existing revenue streams - they all see the writing on the wall so to speak and are piloting new programs trying to bring new revenue streams into existence. This is what their shareholders require of them as well - since most of the larger timeshare entities are publicly held companies. I fully expect to see more innovation and more change, not less. Anyone who expects anything else, in my view, doesn't see the writing on the wall.