Holiday share hits milestone
Coast group greets 50,000th owner
GOLD Coast-based vacation ownership heavyweight Wyndham Vacation Resorts Asia Pacific has hit a major industry milestone, welcoming the 50,000th owner to its WorldMark South Pacific Club.
The model grants club owners yearly vacation credits to access holiday accommodation across a network of WorldMark South Pacific Club resorts, for the life of the club until 2080.
The credits can be used to access accommodation at any of the 26 resorts throughout the Asia Pacific region in the club’s portfolio.
The ownership milestone comes as the company also celebrates its 15th year in operation.
“We have grown from just one resort in Denarau Island, Fiji, in 2000 when we welcomed our very first vacation owner to the WorldMark South Pacific Club, to the company we are today with a portfolio of 26 club resorts and 50,000 owner families,” said Wyndham Vacation Resorts Asia Pacific President and Managing Director, Barry Robinson.
Wyndham Vacation Resorts Asia Pacific has grown to be one of the Gold Coast’s largest private employers, with more than 1000 staff at the Wyndham Corporate Centre in Bundall and across three Gold Coast resorts.
Together with sister company, Wyndham Hotel Group – South East Asia and Pacific Rim, also based on the Gold Coast, the two companies employ more than 4000 staff across five countries.
It is a far cry from the timeshare models of the ’70s and ’80s, which offered one week a year in the same resort.
Wyndham’s model offers a flexible form of time- share, which allows consumers to purchase access to a network of resort accommodation in advance for the cost of an upfront acquisition fee and an annual maintenance levy.
Depending on the number of vacation credits owned, and subject to availability and seasonal guidelines, holidays can be taken at any time during the year, in a variety of accommodation sizes.