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Thread: Intro to Fairfield Fairshare Plus

  1. #21
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    This are the new Transaction cost adjustment start from Oct 15, 2008

    GC will now cost $129 if you used all the allocated GC, and $99 if you use web to do the GC

    Point credit pool is now $39

    And express rent point from Wyndham is now $10 per 1K, or $8 per 1 K if you do it through web. Before is $5 per 1K in that period.

    Transaction fee is now $59 if using a VC.

    If you don't pay monthly, bill fee is $8 instaed of 6

    PIC cost will be $89 when you try to use the PIC week into getting Wyndham's point

    Jya-Ning

  2. #22

    Understanding FSP

    Where can an owner go to become fully informed about how to use Wyndham Points. Can I book a week out say 10 months then later on cancel the reservation and this way save my points that expire EOY for next yeat?
    My question being--- is there anyway to save my 100,000 points that expire EOY for future use other than an exchange to RCI or another company?
    I have been banking my points with RCI for several years and have a hard time using up the RCI and points each year. I own 199,500 points. Deed is Pagosa , Colorado Qwner since 1998. Need help.
    Thanks

  3. #23
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    Quote Originally Posted by JR2 View Post
    Where can an owner go to become fully informed about how to use Wyndham Points. Can I book a week out say 10 months then later on cancel the reservation and this way save my points that expire EOY for next yeat?
    My question being--- is there anyway to save my 100,000 points that expire EOY for future use other than an exchange to RCI or another company?
    I have been banking my points with RCI for several years and have a hard time using up the RCI and points each year. I own 199,500 points. Deed is Pagosa , Colorado Qwner since 1998. Need help.
    Thanks
    At this moment, you can not do too much except deposit it to RCI. If there is more leding time, you may reserve a week and deposit to other exchange company.

    But some people in your position probably will put it into credit pool as soon as they done with their ARP reservation. That way, it will stay for 3 year.

    You can certainly make reservation, but the point has to be able to cover the trip time. In other word, if your point is 2010 points, you can only make reservation that beginning at the end of 2010. Thus, if you cancel it, the point still goes back to 2010.

    Jya-Ning

  4. #24
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    Sep 2005
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    President Club and Club Wyndham Access

    In order to help the sales, Wyndham has add 2 new type of programs. I am not owner, and thus may speak out of my league.

    Both types are build on top of the existing membership.

    The president club will be a deed that based on a set of president units. So all the rules apply. You will have to buy at least 1 M points from developers that based on these president units. Resale will not count. So, president member will be Platinum member. The benefit of it is that when Wyndham build new resorts, they will add certain units of president suite, and as a President club member, you will have priority on all the president units at 12 month period, and Wyndham may keep upto 75% of available president units to the members from 10 month to 30 days for reservations (you will have to use the regular points associate with the president units to reserve them). if you use these points to reserve some non-president units, your points will no longer be used to make those president unit reservations.

    The other benefits is you will now belongs to the RCI Registery Collection program which suppose exchange between Fractions, High End resorts. Current exchange fee is $250 at 2010). You may be able to use all your points to exchange. The exchange is based on the following fix grid

    Season - 1 BD - 2BD - 3BD - 4BD
    High - 247k - 384k - 464k - 578k
    med - 208k - 271k - 381k - 494k
    low - 124k - 222k - 307k - 402k

    If you travel to the president suite, you could arrange to have the room set up when you arrive, like pre-stock, daily housekeep, you could also have some special program set up for president club member only, and you could enjoy some concierge service. All these will require extra costs.

    President units in this program usually has more MF than president units not in this type of program.

    President club is intended for people looking for high end stay. As said before, once you use your point and it become canceled point, it will not be able to reserve on the 75% holding pool or ARP reservation, so it does try to suppress renter that way.

    Club Wyndham Access groups a set of units from different resorts, so if you purchase it, you can ARP on all these units. It is a club type, so you don't own deed, the club owns it.

    It is a way to attract people that want be able to ARP on different area. Wyndham do put some newer resort units into it. But instead of compete with 52 other owner in theory, you are now compete how many owners in that club divided by the number of units , which will be greater than 52. Some resort although have units in it, do have restriction that certain time frame will not be available. You could buy resale into it, although Wyndham do have ROFR word in it.

    It does help the Wyndham manage to deal with the deeds they get from equity transfer. Also allow them to maintain certain control in the resorts (since club owns it).

    At this moment, Wyndham does put new resort units in, so the MF will be able to keep at certain level. This is the 2nd trial of Wyndham on this type of program. The 1st trial end up failed because it is harder to put the new inventory in, and end up the MF + club management cost just much higher than most of the Wyndham resorts. Will see if it can continue going.

    Jya-Ning

  5. #25
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    Sep 2005
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    Fax and Point transfer

    Quote Originally Posted by Jya-Ning View Post
    If you can find owner willing to rent you the points, there is no limitation, the owner can transfer only the regular use point to your account, or you can transfer your points to him/her, it will need a transaction credit.
    Wyndham has disallow the transfer points between owners since 2009 March.

    Wyndham also discontinued the FAX program (exchange for its old week system)

    Jya-Ning

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