Keeping watch on Trendwest / WorldMark by Wyndham

Tuesday, January 25, 2005

Only 11 properties in WorldMark South Pacific

In listening to all the wonderful descriptions of WorldMark South Pacific -- with the option to take trips at WorldMark The Club (USA), cruises on ICE and destinations with Interval -- it would be easy to skip over the fact that WMSP only has 11 properties!

Let's see -- 23,000 members across 11 properties.

And read further, you'll see there are only approximately 380 apartments used by WMSP in those 11 properties.

That gives a bit under 20,000 weeks of accommodation per year for 23,000 unitholders -- an average of less than one week per unitholder.

Why the undersupply? Could it be that 6000 credits is not sufficient, on average, to obtain a week's accommodation? Or perhaps it's because unitholders swap their credits for other holidays with WorldMark in the USA, ICE and Interval?

But what about the "bonus time" where unitholders can pay cash for accommodation? That means that even less weeks are being used, since there is over-capacity. Plus, presumably some unitholders hold more than 6000 credits.

Gee, maybe people just aren't taking the holidays they intended?

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