Timeshare Trends Blog

The Vijayshree Heritage Village is now a Wyndham Worldwide resort. Located near the World Heritage site of Hampi, the former capital of the famed Vijayanagara empire, this resort is a classified “five-star” timeshare resort in India and spread across 17 acres of hill-fenced expanse, offering ethnic luxuries with 43 cottages nestled amid 60,000 planted trees. Vijayshree Heritage Village includes amenities such a fine dining restaurant, a health club with a 6,000 square-foot swimming pool, spa, and beauty salon. There’s a wellness center offering Balinese, Swedish, Oriental, Thai and Ayurvedic massages.

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Wyndham Worldwide has reported strong first quarter 2011 earnings. The company’s vacation ownership sector revenue was $356 million in the first quarter of 2011, representing an increase of 19% compared with the first quarter of 2010, which reflects overall strength in tourism, vacation rentals, ownership, and incremental revenues from acquisitions.

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Wyndham Worldwide has acquired ResortQuest, a leading provider in full-service vacation rentals in the United States. The acquisition price is approximately $56 million, subject to adjustments. The all-cash transaction is anticipated to close by the end of the third quarter, subject to satisfaction of customary closing conditions. With this acquisition, Wyndham Worldwide becomes the world’s largest full-service vacation rental business, providing access to more than 85,000 vacation properties in approximately 100 countries. ResortQuest will provide a strong platform for the company’s expansion into the U.S. serviced vacation rentals market. According to Geoff Ballotti, president and CEO of Wyndham Exchange and Rentals, acquiring ResortQuest, expand Wyndham’s efforts to provide superior rental distribution services to consumers, as well as provide second homeowners the opportunity to rent their properties through a trusted source and well-known brand.

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Wyndham Vacation Resorts has re-opened the Wyndham Nashville after a $10 million rehabilitation. In early May, the region was struck by a large flood that ruined many homes, establishments, and hotel properties. Wyndham Nashville was one of the unlucky properties to survive the massive flood, albeit with substantial damages to its landscaping and lower-lying buildings. After over four months, the property is back in top shape and welcoming Wyndham timeshare owners. Conveniently situated near the legendary Grand Ole Opry and the huge Opry Mills outlet mall, Wyndham Nashville features a large indoor swimming pool, two outdoor pools and spa, and a fully-equipped fitness center. All amenities of the property were part of the reconstruction plan that started on May 6. Aside from rebuilding its own property, Wyndham also helped the Tennessee community by donating $25,000 in flood relief to the Community Foundation of Middle Tennessee.

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Wyndham Worldwide Corporation has recently renewed its financing for its Orlando based timeshare operations. According to a recent story in the Orlando Sentinel, Wyndham has stated that the securitized timeshare receivables conduit has a capacity of $600 million, and is renewed through September 2011. Timeshare companies typically use the receivables facilities to turn timeshare buyers mortgage into cash that the companies can use for further development.

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Wyndham Vacation properties in Hawaii rated as a best place to work. Wyndham Vacation Ownership has been recognized by Hawaii Business Magazine and the Best Companies Group as one of the best places to work in Hawaii in 2010. Ranking in the large companies category, with more than 150 employees, Wyndham was accredited for creating a rewarding work environment particularly for its sales organization. The company was previously recognized as a “Best Places to Work” in 2006. Wyndham, of course, boasts an expansive presence in the Hawaii market with more than a dozen properties including Wyndham Waikiki Beach Walk, Wyndham Kona Hawaiian, Wyndham Royal Sea Cliff, WorldMark Kihei, and Wyndham Kauai Beach Villas, among others.

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The Registry Collection Program has added new properties. The Registry Collection program, the world’s largest luxury exchange program and one of the Wyndham Worldwide family of brands recently announced it has added 12 new resorts to its global vacation exchange network this year. The latest additions include The Innsbruck Resort in Aspen, Grand Velas All Suites & Spa Riviera Maya in Mexico, Six Senses Hideaway Ninh Van Bay in Vietnam, The Village at Machrihanish Dunes in Scotland, DelMango Villa Estate Seminyak Gardens in Indonesia, The Sanctuary at Hampton Lake in South Carolina, Quintas Private Residences in Brazil, Tradewinds Cruise Clubs in Guadeloupe and St. Martin, Arcos Gardens Golf & Country Estate in Spain, Martinhal in Portugal and La Reunión Golf Resort & Residences in Guatemala.

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Over 100 new resorts in 2009 were welcomed by RCI, the world’s largest vacation exchange company. Demonstrating that vacation exchange remains a bright spot in the travel industry, RCI, considered the global leader in vacation exchange and one of the Wyndham Worldwide family of brands, announced that it added more than 100 new resorts in 2009 alone, including 10 properties under development.

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The Innsbruck Aspen Residences is now a member of the Registry Collection program, the world’s largest luxury exchange program and one of the Wyndham Worldwide family of brands. The Innsbruck Aspen Residences is located in the town of Aspen, Colorado and is highly acclaimed. The Innsbruck Aspen Residences offers 17 luxury units and is conveniently located in walking distance to the ski slopes and all the nightlife Aspen has to offer.

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Wyndham Worldwide Corporation has been named one of the 100 greenest companies, according to Newsweek magazine. According to the magazine, the “green” rankings are based on the environmental footprint, policies and practices of America’s 500 largest publicly traded companies. For its use of alternative energy resources, management of environmental issues and compliance with climate change policies, Wyndham Worldwide ranked at number 81 on the list. Wyndham Hotels and Resorts demonstrated its enthusiasm for environmentally friendly operations by developing uniforms made from recycled plastic bottles. According to Perspective Magazine, each uniform requires 66 percent less energy and 90 percent less water to produce than a common uniform. The timeshare operators additionally began a clean air initiative, offering rooms with improved air quality, and are implementing the EarthSmart linen reuse program to save resources and operational costs. “We are honored to be recognized by Newsweek as a national leader in sustainability,” Wyndham Worldwide CEO Stephen Holmes told the news source.

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