Archive for April, 2010

Wyndham Vacation Resorts Asia Pacific, a unit of Wyndham Worldwide Corp., plans to spend at least A$20 million ($18.5 million) this year in Australia and New Zealand to buy properties and introduce its Days Inn and Super 8 brands in the region.
The company may announce an acquisition as early as next month, Wyndham VRAP Chief Executive Officer Barry Robinson said. Wyndham club owners pay an up-front fee and annual levy for holiday credits issued each year, which can be used to buy time at any of the resorts in Wyndham’s and its affiliates’ networks.

Full report here ( Source: Bloomberg.com)

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Interesting article:

What to watch for when buying distressed debt on timeshare and developments.

Full article here

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Hoteliers boost outlook

A recent report on Reuters:

Lodging companies Wyndham Worldwide Corp (WYN.N) and Host Hotels & Resorts Inc (HST.N) lifted their 2010 outlooks on Wednesday, spurred by signs that the industry can command higher rates and occupancies.

Full article here

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Twitter initiative by RDO

This April, Paul Gardner Bougaard, RDO’s Chief Executive, penned the first of a series of blogs on issues that are at the heart of our industry.
The first blog is about the image of timeshare and Paul questions whether, despite the decline in consumer complaints – a fact that is widely acknowledged by bodies such as the OFT and the ECCs – we are now seen as saints or as sinners
As well as keeping up to date with Paul’s blogs, you may also wish to follow RDO,  @RDOOfficial, on twitter

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Do the costs add up?

An informative article that we came across on http://www.msnbc.com

Extra fees add up fast, so that the time to read the fine print

Full article here

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RCI launches new member website

RCI has been at the forefront of the timeshare exchange industry for 35 years and to make exchanging holidays for its members quicker, easier, and safer, RCI recently launched a new website, featuring design by Penquin.

The company required a fresh new website platform for its users that was both extremely user friendly and catered for its member base. The new website aimed for members to enjoy their RCI membership benefits online.

Full details here

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Two Towers

Nope, we aren’t referring to J.R.R Tolkien’s book / LOTR movie title.

It appears that the buzz is back in the Timeshare industry.

Executives from the Hilton Hawaiian Village Beach Resort & Spa say that the company will be redeveloping the 22-acre Waikiki resort with the addition of two timeshare towers.

The main spectacle of the project is the two timeshare towers, which will increase the property’s timeshare inventory by more than 1,200. The project is expected to be completed after 2015.

The first tower will be a 300-unit, 37-story tower. It will be constructed along the Kalia Road bus depot. The second timeshare tower will be a 250-unit, 25-story building that will be constructed on top of the Rainbow Bazaar.

Full report from here

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