We receive a lot of questions from Wyndham owners about Wyndham Extra Holidays. So just what exactly is this program for Wyndham owners and how can they use it to recuperate would-be lost money when you cannot use your points?
Wyndham Extra Holiday is specifically designed for Wyndham owners to allow them to rent the points they cannot use. The renting is done directly through Wyndham.
In this article, we will give you an abridged version of the Wyndham Extra Holidays program and how owners might navigate the program to better their situation as well as provide an alternative option to the program.
How the Wyndham Extra Holiday Program Works
Let’s start out by providing a definition of the Extra Holidays program. The rental program gives Wyndham owners an opportunity to rent their accommodations for cash. It looks inviting from the outside looking in, but does the program really work as satisfactorily as it appears on paper?
Well, let’s take a closer look at the program.
Essentially, if you are unable to utilize all or some of the points in your Wyndham contract and are looking for an alternative, you can book a reservation at one of the participating Club Wyndham resorts as if you are going on vacation yourself.
So as a Club Wyndham Plus member, if your travel plans ever change or you’re unable to vacation, you don’t have to let your points expire — you can use Extra Holidays to list your unused vacation time for rental.
From the Wyndham website: “Extra Holidays is a vacation rental program that offers you the option of renting accommodations for cash.”
Then, they go on to say: “As a Club Wyndham Plus member, if your travel plans ever change or you’re unable to vacation, you don’t have to let your points expire — you can look to Extra Holidays to list your unused vacation time for rental.”
Potential Pitfalls of Extra Holiday Program
Many owners are not successfully using the extra holiday program. Ultimately, it’s up to Wyndham to decide what they rent out. So, an owner could have a week booked and Wyndham may only rent two days of that, and the other 5 days you get nothing. Some may not rent whatsoever. There is no price per point, no guarantee, no upfront money, etc.
In reality, Wyndham owners have large financing and maintenance fee payments. What they receive back won’t even cover all of their fees
Lastly, renting unused points is seen as rental income and needs to be reported as such, affecting the bottom line of your taxes.
As the ole’ adage goes “Objects in the mirror are closer than they appear.”
Alternative Option to the Extra Holiday program
There’s no doubt the Extra Holidays program looks good to Wyndham owners on paper, only to find out later that the pitfalls can outweigh the benefits.
Are there better options? We think so, and we’ll show you why.
Welcome to Rent Points Not Properties ®. This is far and away, the easiest, no strings attached, most lucrative way to use programs specifically designed for the timeshare owner.
Timeshare Rental Pros is a full-service timeshare rental company that takes care of ALL the pesky little details and goes over and above the call of duty to ensure satisfaction.
Below are some of the benefits you’ll receive when doing business with Timeshare Rental Pros.
- We NEVER charge you anything, we pay cash up front for points BEFORE we use them. Our clients have never been asked to send us money. Many times within 24 hours you’ll see money in your account!
- We pay our clients 100% of the agreed-upon fee in our simple one-page contract. We take 100% of the financial risk by paying cash up front for points, you will never send us a fee for our services!
- Once we pay you for the rental of your points the money is yours whether or not we are successful in using them all or not.
- If for some reason there are unused points in your account, because we did not have enough time to rent them, or for whatever reason, you will have already been compensated for those points. We take 100% of the risk, so you don’t have to.
- We field all of the communication between the renter and the resort while you sit back and collect the cash.
In closing, Wyndham’s Extra Holiday Program can certainly help the owners recuperate some of the loses they would otherwise see if they cannot take advantage of the allotted points.
Even though there are advantages to using the Extra Holiday Program, using Timeshare Rental Pros “Rent Points Not Properties ®” program should be looked at as an alternative, as there are clear advantages in doing so, as we have indicated here today.
We recommend you take a long, close look at your developer’s terms and services, and don’t forget to read the fine print.
An alternate solution awaits you, one that hundreds of of our happy customers have already taken is to pay you cash upfront while we assume all of the risk.
RENT POINTS NOT PROPERTIES®!