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2016 Election Results

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 PostPosted: Sun 18 Dec 2016 12:53 pm   

Joined: Tue 02 Sep 2008 8:12 pm
Posts: 254
Location: brea, CA
I wonder what happened from 230k + members to 160k members in such short period of time?


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 PostPosted: Sat 24 Dec 2016 5:31 am   
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Joined: Sat 01 Apr 2006 8:12 am
Posts: 4545
I suspect sales are down and combines are up...but that's just speculation.

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 PostPosted: Sat 24 Dec 2016 10:32 am   
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Joined: Fri 19 Aug 2005 9:02 am
Posts: 4605
Location: Henderson, NV
ladycody wrote:
I suspect sales are down and combines are up...but that's just speculation.

It is very expensive to be a small account owner. With the sliding MF chart, the ridiculous fee for HK and now the inability to rent a HK from another owner. Another thread also illustrated another problem for small accounts. He wanted to buy a 12,000 credit account and add it to his 6,000 credit account. He would be tripling the size of his account and still only have one HK. In summary, I also think that large account holders are buying up a lot of the smaller accounts, thus the need for one combine per year rule as WYN was loosing money from lose of the small account holders higher MF's.

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WM=Kihei, Seaside, Gleneden, Mariner Village, Orlando, Ocean Walk, Lake Chelan, St George, Las Vegas, Birch Bay, Indio, Camlin, Leavenworth, Yellowstone, Arrow Point, Kapaa, Eagle Crest, Midway, McCall, Coral Baja, Cascade Lodge, Canadian, Elysian, Oceanside, Mission Valley, Balboa Park, Kona, Windsor, L.V. Spencer St, 7th Mtn, Reno: other=Bay Club, Summit Watch, Grand Oasis, Marriott Kauai, Camelback resort, Paradise Beach Villas, Bavarro Princess, Club Cala de Palmas, Pend Oreille Shores, Copamarina Beach Resort, Whistler Town Plaza, Kona Coast, Wavecrest at Del Mar, Grand Mayan N.V., WYN Mauna Loa, Kings Land


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 PostPosted: Tue 27 Dec 2016 3:54 pm   
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Joined: Sat 20 Nov 2010 6:34 am
Posts: 1259
Location: Carson City, NV
exyeh wrote:
I read the worldmark email saying:

A record-setting 59,801 members voted in this year’s election, which is by far the highest number of people who have ever participated in a WorldMark election representing almost 37 percent of our member base.

I guess that the worldmark currently have only 160k members.

The announcement may be poorly worded. I don't think the "37 percent" refers to the number of owners, as it implies, but refers to voting power, and the end of the sentence should read, " ... representing almost 37 percent of our member base voting power.

WorldMark did not suddenly lose 70,000 members. The membership may be declining in terms of total members, but it continues to grow in terms of total credits owned by the remaining membership.

2012 ------ Members = 238,900 ----- Average Credits = 12500 ----- Total Credits in Owners Hands = 2,986,250,000

2013 ------ Members = 234,100 ----- Average Credits = 13300 ----- Total Credits in Owners Hands = 3,113,530,000

2014 ------ Members = 233,300 ----- Average Credits = 14000 ----- Total Credits in Owners Hands = 3,266,200,000

2015 ------ Members = 229,126 ----- Average Credits = 14830 ----- Total Credits in Owners Hands = 3,397,938,580

2016 ------ Members = 226,289 ----- Average Credits = 15649 ----- Total Credits in Owners Hands = 3,541,196,561


An expanding aggregated ownership is not symptomatic of a generally dissastisfied membership. That may part of the reason Wyndham continues to add properties to WorldMark despite the declining total number of members.

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 PostPosted: Tue 27 Dec 2016 6:26 pm   

Joined: Tue 06 May 2014 2:12 pm
Posts: 1351
Location: Salem, Oregon
Before the recession was WM AT 260,000 OR 270,000 Members?

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Tom and Patti
Joined Worldmark August 2002
Las Vegas-Boulevard, Victoria, Seaside, Windsor, Clear Lake, Running Y, Coral Baja, Kona, Kihei, Tropicana, Oceanside, Sydney, Daytona Beach, Coffs Harbour - Terraces, Gleneden, Canadian, Fiji, Rotorua, Kapa'a Shore, Mission Valley, Camlin, Arrow Point, West Yellowstone, New Orleans, Park City, St. George, Seven Mile Beach, Long Beach Wa, Reno NV.
Residence Club - Seaside. Royal Solaris. DRI. Formerly RVC.
II - Newport Coast.
RCI - Fitzpatrick Castle Ireland, Bali Hai Kauai, Dyserth Falls Resort Wales, Haven Court Wales, DVC Old Key West, DVC Saratoga, Sea Mist Resort Cape Cod, Point at Poipu, Kilconquhar Estate and Country Club Fife Scotland, Club Paihia New Zealand, Grand Mayan Cabo, Ka'Eo Kai, Kauai.
RVC - Cabo, Cancun.
DRI - Le Manoir Des Deux Amants Connelles France, Royal Regency Vincennes France, Paniolo Greens, Sea Mountain, Point at Poipu.
Newly planned and Reserved: Leavenworth.


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 PostPosted: Tue 27 Dec 2016 7:34 pm   
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Joined: Sat 20 Nov 2010 6:34 am
Posts: 1259
Location: Carson City, NV
geist1223 wrote:
Before the recession was WM AT 260,000 OR 270,000 Members?
I started following the Annual Meetings in 2013 -- for obvious reasons. Based on the information from that meeting, the membership peaked near 274,082 in 2008.

At each Annual Meeting, Pete Hernandez presents "the numbers" that summarize our Club. Before launching into the balance sheets, he reviews the number of owners, number of average credits, number of units among other statistics that are not reported in anything else that we members have access to (without an appointment for a personal visit, at least). At the last AGM, he referred to these numbers as the "meat and potatoes" of his presentation. I completely agree. These numbers, imo, give the best picture of where the Club stands, because they sum up our Club in terms of the owners and their vacation opportunities in a way that the financials can not easily portray.

Since you asked about peak membership, I thought I would extend the previous analysis as far back as the 2013 meeting information would take us, and to include "peak membership" as measured by number of owners. It tells a very interesting story for those with an eye to see.

2006 ------ Members = 246,169 ----- Average Credits = 9506 ----- Total Credits in Owners Hands = 2,340,082,514

2007 ------ Members = 268,585 ----- Average Credits = 9891 ----- Total Credits in Owners Hands = 2,656,574,235

2008 ------ Members = 274,082 ----- Average Credits = 10239 ----- Total Credits in Owners Hands = 2,806,325,598

2009 ------ Members = 260,116 ----- Average Credits = 10772 ----- Total Credits in Owners Hands = 2,801,969,552

2010 ------ Members = 248,972 ----- Average Credits = 11375 ----- Total Credits in Owners Hands = 2,832,056,500

2011 ------ Members = 244,249 ----- Average Credits = 11724 ----- Total Credits in Owners Hands = 2,863,575,276

2012 ------ Members = 238,900 ----- Average Credits = 12500 ----- Total Credits in Owners Hands = 2,986,250,000

2013 ------ Members = 234,100 ----- Average Credits = 13300 ----- Total Credits in Owners Hands = 3,113,530,000

2014 ------ Members = 233,300 ----- Average Credits = 14000 ----- Total Credits in Owners Hands = 3,266,200,000

2015 ------ Members = 229,126 ----- Average Credits = 14830 ----- Total Credits in Owners Hands = 3,397,938,580

2016 ------ Members = 226,289 ----- Average Credits = 15649 ----- Total Credits in Owners Hands = 3,541,196,561


Who sees it?

Over the last ten years, the number of owners has decreased by 8% while the total number of credits in the hands of owners (to make reservations) has increased 51%, and the average size of an account has increased 64%.

Very interesting, and not the picture of a Club on its way to an implosion. In terms of credits owned and for which owners were paying the maintenance fees on, the Club was flat in 2008-2010, when other timeshares were imploding due to foreclosures and bad debt.

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-2Shy


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 PostPosted: Tue 27 Dec 2016 9:42 pm   

Joined: Thu 19 Apr 2007 6:52 am
Posts: 1323
Location: Spokane, Wa.
1/3 of the maintenance fee increase is traceable to the sliding scale on dues

because of owners merging accounts (not that I like a 5% increase in maintenance

dues.


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