VacationShare is an online platform that allows owners to rent out their unused vacation time, providing added flexibility. If owners ever choose not to travel, they can list their unused vacation time for rent with VacationShare.
The VacationShare rental program offers greater flexibility without any upfront fees. To join VacationShare, owners can visit my.vacationshare.com to set up their account to list their vacation time for rent.
When a reservation is accepted owner will submit a VacationShare Agreement. If the listing is accepted, VacationShare will market it through their distribution channels. If VacationShare successfully places a guest in the unit, the owner, as the host, will receive a 60% share of the net proceeds received from the vacationer, while VacationShare will retain 40% of the net proceeds.
At this time, Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club by Wyndham owners with active member accounts are eligible to list on VacationShare. Also required to create a host account and list a rental are (1) proof of U.S. residency and (2) proof of a U.S. Social Security Number.
If a reservation is rented, owners will receive 60% of the net proceeds, while VacationShare will retain 40% as its commission. Payment will be processed within a specified timeframe after the reservation checkout date. For additional information, owners should consult the Terms & Conditions of the VacationShare Listing Agreement.
Deductions from the gross proceeds cover a range of potential expenses, including but not limited to: Online Travel Agent (OTA) Commissions, Travel Agent (TA) Commissions, Distribution Channel Fees, Credit Card and Merchant Bank Fees, and Housekeeping Fees. For a detailed understanding of these deductions, owners should review the Terms & Conditions outlined in the VacationShare Listing Agreement.