Original Message:
Re: Wyndham's new "Ovation" program offers exit solutions for their owners... interested? (by KC):
For what it's worth, a few weeks ago (in November, 2016) I listened to a talk by someone in the timeshare industry (no, it was NOT a developer sales presentation and the speaker was NOT affiliated with Wyndham in any way and he was not selling ANYTHING). This fellow stated that of 900,000 Wyndham owners, about 50,000 have applied for the "Ovation" program so far, but that only about half that number have actually succeeded in having Wyndham take their ownership back. I personally have no basis or knowledge on which to verify or refute those stated numbers, but I don't believe that this knowledgeable and articulate fellow picked those numbers out of thin air.
In other words, Wyndham seems to be "cherry picking" what they will actually take back in this "Ovation" program. It is probably safe to assume that Wyndham is only going to "take back" those products or intervals which they believe they can just turn right around and sell all over again to someone else (for another $10,000+). Recover inventory back for free, then just sell it all over again for big bucks --- quite brilliant actually, from a business perspective, but absolutely useless for those Wyndham owners whose "product" the company declines to "take back".
Just wanted to weigh in with a clarification, in case anyone here mistakenly believes that Wyndham will take back ANY unwanted Wyndham product under their "Ovation" program. Apparently, that is simply NOT the case.
Fwiw, I am not a Wyndham owner and I have no affiliation of any kind with Wyndham. I am merely a timeshare owner who listened with interest to the words of a seemingly very well informed speaker, addressing the Wyndham "Ovation" program topic to a group of timeshare owners at a meeting in November, 2016.