An innovative holiday solution – which allows travellers to purchase into a holiday trust providing them with access to a variety of resorts for the next 20 years at today’s prices – has launched in Indonesia.
Innovative Holiday Club by Club Wyndham (“IHC”) is a holiday club that gives its members usage rights at thousands of properties around the world. Most properties are well located with extensive facilities including swimming pools, day spas, restaurants, bars and kids’ clubs, and offer various accommodation options including spacious apartments that feel like a home away from home.
“IHC is a holiday club with its own exclusive inventory and through agreements with other clubs and exchange partners, provides its members access to resorts across Asia, the South Pacific, North America, South America and Europe,” said Barry Robinson, President and Managing Director, International Operations, Wyndham Vacation Clubs.
“Members have extensive options both at home and abroad – an essential feature in this time of unpredictable movement across borders. IHC is a holiday solution that allows members to secure their getaways for the next 20 years from a financial perspective and continues to give them the freedom to take holidays that will create a lifetime of memories.”
Members of IHC pay an upfront fee and gain usage rights at IHC resorts for 20 years and, as part of their membership currently, the ability to utilise other vacation clubs across the Wyndham Destinations network and more than 4,200 resorts through exchange partner RCI. Unlike most vacation clubs, members of IHC only pay annual levies when and if they holiday.
The assets of the club, which has a term of 20 years, are sold at the end of the club term and the net proceeds flow back to members.
“IHC provides a more secure way to holiday,” said Mr Robinson. “Members of this innovative club have already paid for their holidays and the product offers plenty of flexibility for global travel, which we find helps members look forward to their family holidays and prioritise them.
“Travelling with a global brand like Club Wyndham means that members can enjoy a consistently high standard of service, personalised experiences and incredible properties across the resort portfolio.”
Best practice cleaning procedures have also been implemented across the IHC resort portfolio in response to the COVID-19 pandemic. This, combined with the added space typical at resort environments, means members can relax, feeling safe during holidays at IHC properties.