Transfer Smart News: Redweek Partners with Trekaroo to Give Access to Family-Friendly Timeshares and Travel Destinations
by Transfer America on May 4th, 2010
filed under Transfer America
Vacation is a part of almost everyone’s lifestyle nowadays and such grows the accommodation industry. Recently, finding a budget and family-friendly lodging just got a little easier with the partnership of RedWeek.com and Trekaroo.com. The new kid-friendly timeshare resorts pages on RedWeek, the largest online timeshare marketplace, highlight resorts near top family travel destinations such as Walt Disney World in Florida, and Sea World San Diego. Also, most of these kid-friendly resorts offer amenities such as a children’s pool, play area, game room, child care, and children’s programs.
Amazing prices can be found on RedWeek.com as travelers rent directly from the timeshare owners. That means no middlemen, commissions, or finder’s fees. Many timeshare resorts also offer condo-style accommodations with multiple bedrooms, separate living and dining areas, washer and dryer, and fully equipped kitchens with everything needed to feed a hungry family. Moreover, timeshare resorts provide the same amenities that are offered at hotels including a front desk, concierge, on-site pool, and fitness center.
According to Esther Lee, CEO of Trekaroo.com, they’re excited to partner with RedWeek.com and give parents access to kid-friendly accommodations coupled with good prices and activities that kids love. She added that when planning for a vacation, the average family may not know that renting a timeshare is an option. They’re excited to partner with RedWeek.com and give parents access to kid-friendly accommodations coupled with good prices and activities that kids love.
Today, holidaymakers look for ways to cut on their vacation costs. While many owners try to get out of their timeshares, some even abstain from vacationing due to the costs involved in it. The recent partnership of Redweek and Trekaroo opened new doors to holidaymakers to look forward to their vacation with the budget and family-friendly resorts available.
Transfer Smart News: Wyndham Announces to Buy New Assets
by Transfer America on May 1st, 2010
filed under Transfer America
In the vacation accommodation industry, Windham Worldwide Corp. is considered a big player. It is one of the world’s largest hospitality companies, with more than 20 brands and operations in over 100 countries around the world. Recently, its unit Wyndham Vacation Resorts Asia Pacific plans to spend at least $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.
According to Wyndham VRAP Chief Executive Officer Barry Robinson, the company may announce an acquisition as early as next month. Wyndham club owners pay an up-front fee and annual levy for holiday credits issued each year and these will be used to buy time at any of the resorts in Wyndham’s and its affiliates’ networks. Robinson added that they have to buy assets to sustain the business and they have to buy something before the end of the year or they’ll run out of units to sell.
As the global financial crisis curbed demand for new timeshares, Wyndham VRAP with a first-quarter profit of $50 million cut about 300 jobs and shifted its focus to controlling costs rather than increasing sales. The Asia Pacific unit’s 2009 profit surged 69% to A$49 million even as sales dropped as its timeshare members continued to use the units they’d already purchased.
Meanwhile, Wyndham is now seeking to increase its customer base from the 43,000 timeshare owners in Australia and New Zealand without identifying a target. The company may have withstood the recent economic meltdown and the challenge brought by the number of owners trying to get out of their timeshares. Now, it plans to create mixed-use developments, i.e. part resort and part hotel, by seeking out distressed assets in the south Pacific region.
