bought into vacation ownership, an industry that produces more than $7 billion a year in sales.
Timeshare resorts are found across the globe in popular vacation areas near beaches, rivers and
lakes, mountains, and even major cities. By locking in the purchase price of accommodations,
vacation ownership helps assure consistent pricing for future vacations. And through vacation
exchange programs, timeshare owners have the flexibility to travel to popular destinations around
the world.
Wyndham Vacation Owner–ship, Inc., (WVO) the world’s largest timeshare company,
owns more than 140 resorts with more under development under two primary consumer brands:
Fairfield Resorts and Trendwest Resorts. It was the first timeshare company to use a flexible
points-based system successfully. The company’s point system enables more than 750,000 owners
to purchase an allotment of points rather than a specific timeframe at a particular location. The
points can then be used as an exchange value like currency. Members have the freedom to choose
the resort locations, dates, unit sizes, and lengths of stay of their annual vacations. ”According to
Franz Hanning, WVO president and CEO, “a big key to our growth and success over the years is
that we’ve always treated our owners like family.”
In 2001, when Franz Hanning took over as president and CEO of Fairfield Resorts, which
in 2006 became Wyndham Vacation Ownership, he already had two decades of management
experience with the growing company and had been instrumental in the creation of timeshare
points program. Since the launch in 2000 of the company’s comprehensive web-based vacation
planning site, members have convenient access to the information and planning flexibility they
want. According to Hanning, members enjoy the ability to check point balances and expiration
dates online, 24 hours a day, and they consider the service one of the most valuable benefits the
company offers them. While personalized telephone assistance is also available, the website is the
current information delivery system of choice, with the majority of the company’s 750,000
owners active online.
Prior to the introduction of web-based vacation planning sites, vacation arrangements
were typically made by telephone, necessitating several lengthy calls to obtain information and
confirm options. WVO members have enjoyed greater communication power since the advent of
the company’s comprehensive web-based vacation planning site. Full-service travel planning
capabilities allow site visitors to
use the site’s search function to select resorts by destination, features, and amenities.
access photos, maps, directions, resort activity calendars, local attractions, and even virtual
tours of affiliated resorts.
make airline, hotel, and car rental reservations.
take advantage of special cruise and package deals.
obtain door-to-door directions and current weather reports for all WVO resorts.
look up point requirements to stay at any of the WVO resorts and affiliates.
The ability to share information effectively is a primary advantage of electronic
communications. The Wyndham Vacation Ownership (WVO) website enables members to be
their own trip planners. In addition to checking point balances and expiration dates online,
members can also plan their own resort reservations and exchanges online. After a secure log-in
to the members-only section of the site, owners can access their personal account data. The site’s
interactive Points Calculator allows members to obtain instant information on the number of
points they will have available on a given travel date, even several years into the future.
Additionally, the Vacation Break Travel feature offers an online solution for booking travel
reservations that combines the best of e-commerce with the exceptional professional service you
expect from a travel consultant. Members can also consider owners-only exclusive offers such as
discounted resort condo rentals and click on links to recommended sites for travel-related goods
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