Retail vs. Resale Wyndham ownership numbers?

[spackler]

Just wondering if anyone knows what percent of Wyndham owners are considered retail purchasers and what percent are resales, and what the trends have been over the last few years.

 

[Ty1on]

Just wondering if anyone knows what percent of Wyndham owners are considered retail purchasers and what percent are resales, and what the trends have been over the last few years.

Many owners have both retail and resale contracts. So the more accurate question is what percent of contracts are resale? Or even what percent of points are resale within CWP.

I understand that they miss flagging some contracts as resale when they transfer, so I would bet even Wyndham couldn't give you a definitive answer.

 

[jebloomquist]

An associated question would be, "What percentage of owners were retail purchasers with their first timeshare buy?"

I was. Then I found TUG. From that point on, most of my purchases have been resale. My two additional retail purchases had very strategic purposes. So, for me, three purchases out of 30 plus have been retail.

Jim

 

[Bigrob]

Another way to think of the question is, what percentage of buyers at some point had some form of buyers' remorse and exited their ownership? Because that's the only way resale contracts become available.

 

[ronparise]

The question is a bogus question. And here's why: Every point sold on the secondary market began life in a Wyndham sales room and was sold at the full retail price. Wyndham has collected the full retail price on every point out there

What's new is that they are now buying points back so they will be able to collect full retai prices on the same points more than once.... Pretty good work if you can get it

 

[Ty1on]

The question is a bogus question. And here's why: Every point sold on the secondary market began life in a Wyndham sales room and was sold at the full retail price. Wyndham has collected the full retail price on every point out there

What's new is that they are now buying points back so they will be able to collect full retai prices on the same points more than once.... Pretty good work if you can get it

It's obvious why they put the differential. They want to provide a disincentive to their new buyers from bypassing the sales floor and costing the developer new sales. I just can't get over the fact that in doing so they are belying their own "valuation" of what they are selling. It would be like a car manufacturer voiding the warranty on resale of a car, except timeshare contracts don't physically degrade like cars, at least in theory.

From what I have read in this forum, there are developers that devalue resale contracts with much more hostility than Wyndham does....

 

[spackler]

Every point sold on the secondary market began life in a Wyndham sales room and was sold at the full retail price. Wyndham has collected the full retail price on every point out there

Well, yes, all resale/used goods you can buy today were once new, obviously.

I'm asking about *current* owners, not original owners. What percentage of current owners (or, more appropriately, deeds) would Wyndham consider "resale".

Wyndham most certainly cares about the distinction & would know the answer. Do they share that data?

 

[Ty1on]

Well, yes, all resale/used goods you can buy today were once new, obviously.

I'm asking about *current* owners, not original owners. What percentage of current owners (or, more appropriately, deeds) would Wyndham consider "resale".

Wyndham most certainly cares about the distinction & would know the answer. Do they share that data?

Based on comments here, I'm not sure they know the data. I alot of TUGgers have relayed stories of buying Resale accounts and learning they are not flagged as resale.

I would imagine if an owner achieves VIP status or an increase in VIP level, "someone" audits their contract history to make sure no actual resale contracts are going into that calculation. But I'm not sure they can accurately detail Resale totals without knowing their Resale flag is accurate in the database.

This will become a bigger issue for them if Voyager ever emerges from limbo with a way to disable VIP benefits on resale points.

 

[Ty1on]

Well, yes, all resale/used goods you can buy today were once new, obviously.

I'm asking about *current* owners, not original owners. What percentage of current owners (or, more appropriately, deeds) would Wyndham consider "resale".

Wyndham most certainly cares about the distinction & would know the answer. Do they share that data?

I think what he's trying to say is that the developers' defense for devaluing resales is, "This owner did not pay into the equity pool that funds the benefits we are withholding," but that equity pool WAS already paid into by the original buyer, and should fully transfer on sale. But maybe I should let him speak for himself :ignore: