CO skier
TUG Member
Maybe for the <100 participants in the poll.Bump. This was an useful, interesting poll.
For the other 500,000+ Club Wyndham owners, it means nothing.
Which means the poll means nothing.
Maybe for the <100 participants in the poll.Bump. This was an useful, interesting poll.
Here's the text I received:
Hey there. It's been a while since I've seen the stats. Not sure they are putting that info out anymore. I know it used to be about 5% platinum (probably less than 1% PR due to inventory limitations), and around 15% gold. I would guess around 30% silver due to the fact that new owners automatically get silver with all but the minimum purchase. Resale is probably 5% of the owner base. I'll see if I can get some current info. I'm curious too.
I think he means 'member' when he writes 'owner'. 5% resale seems to be in line with 20k mentioned here.
Maybe for the <100 participants in the poll.
For the other 500,000+ Club Wyndham owners, it means nothing.
Which means the poll means nothing.
I validated with two different sales managers at sales updates this past weekend the following stats:
PR: 1%
VIPP: 3%
VIPG: 8%
VIPS: 42%
R: 5%
Using your breakdown: 3%(1%)-8%-42%-42%-5%=100%
I’d say you’re about right. In this poll it’s about the same number for resale only & resale with developer so overall it’s probably about 5% also.So 95% of owners have at least some retail points?
So 95% of owners have at least some retail points?
Every resale contract over 400k had to be a VIP contract. It seems like it would be half of all points on eBay, but evidently not half or you’d think there’d be a higher percentage of VIP owners than discussed in the other threadI wonder how many VIP points have been sold and have become resale points? I also would like to know how many resale points a year are sold private sale. Add another category the resale points Ovations takes back and then Wyndham sells as developer points? This could be another poll.
If VIP owner sells their points private party they become resale points. If a VIP owner giveS back points to Ovations they become developer points that are actually developer resale points. Can these points also be Developer VIP RESALE POINTS?Every resale contract over 400k had to be a VIP contract. It seems like it would be half of all points on eBay, but evidently not half or you’d think there’d be a higher percentage of VIP owners than discussed in the other thread
The only points that I’d call Developer VIP resale points would be foreclosures & piggyback contracts.If VIP owner sells their points private party they become resale points. If a VIP owner giveS back points to Ovations they become developer points that are actually developer resale points. Can these points also be Developer VIP RESALE POINTS?
So are you saying Ovations is a way for Wyndham to sell resale points at developer pricing?The only points that I’d call Developer VIP resale points would be foreclosures & piggyback contracts.
We’ll never know how many points Wyndham gets from owners via Ovations & buying from owners like yourself, we’d all be making wild guesses with nothing to back it up. The only thing for sure is Wyndham does sell those points as retail purchases.
No I think they eat them for lunch. Get realSo are you saying Ovations is a way for Wyndham to sell resale points at developer pricing?
So are you saying Ovations is a way for Wyndham to sell resale points at developer pricing?
Eat them for lunch? I agree on Ovations it is very profitable to Wyndham shareholders. This helps @Fredflintstone way of traveling using dividends with the purchase of Wyndham stock.No I think they eat them for lunch. Get real
What the heck do you think DVC, Hilton, Marriott, Hyatt or any other developer does with contracts they take back??
Thank you Wyndham for having Ovations allowing owners to Deedback their contracts instead of having owners walking away leaving the rest of us owners with a bill for the higher cost involved when an owner walks away!!!!!!!!!!!!!!!!! Thank you Wyndham for Ovations so owners have a better option than using Exit Companies
Agree, as much as it stinks, to pay all that money just to give it back - I am thankful Ovations is there.No I think they eat them for lunch. Get real
What the heck do you think DVC, Hilton, Marriott, Hyatt or any other developer does with contracts they take back??
Thank you Wyndham for having Ovations allowing owners to Deedback their contracts instead of having owners walking away leaving the rest of us owners with a bill for the higher cost involved when an owner walks away!!!!!!!!!!!!!!!!! Thank you Wyndham for Ovations so owners have a better option than using Exit Companies
I think you have it correct @SNA27When a manufacturer refurbishes a returned product and resells it, it's explicitly labeled 'refurbished' because it's not a 'NEW' product.
When you take back a TS UDI, there's nothing to refurbish and it's indistinguishable from the original product. So there is no difference between NEW or USED.
From a COGS (Cost of Goods Sold) perspective, I would argue that COGS for a deed taken back by Ovations is more than their unsold deed. After all, Ovations incurs costs that must be allocated to the deeds taken back.
So, @dgalati, if your point is Wyndham is somehow no different from Exit companies and shouldn't be selling the deedbacks at full price again, it doesn't make sense.
Exit companies are like undertakers getting rid of dead corpses collecting fees for the disposal. Wyndham Ovation brings them back to full life endowed with VIP potential so as to protect its brand.
Ok, @Braindead, don't stretch my analogy and argue why 'resale' is not a dead corpse and how it still gets VIP Benefits or that I am calling Wyndham Dr. Frankenstein!
Please indulge me as I indulge in a cute/clever/stupid analogy!
I think you have it correct @SNA27
I find it interesting that while only resale only owners comprise 5 percent of all Wyndham owners but 42 percent on TUG.
A well-chosen RANDOM sample will reflect the whole population with a great degree of accuracy. Statistics is a very interesting subject and well established Mathematical Science.
To quote a Tamil proverb: For a pot of rice, one grain is the test! That is, to see if a pot of rice is cooked, you need to test only one grain.
This proverb is really not a testament to sampling per se but it is more about inductive generalization from a sample.