Vacatia Partner Services Debuts to Assist Legacy Resorts; All-Star Team of Vacation Ownership Professionals
Denver, CO, June 03, 2021 –(PR.com)– When Vacatia was based in 2012, the corporate’s founders introduced a novel imaginative and prescient that reimagined timeshare resales and leases. It has since turn out to be a number one supplier of modern, customer-centric options for timeshare resorts with 750 trade companions, together with a few of timeshare’s largest corporations, counting on it for rental and resale providers. In addition, Vacatia has grown its property administration providers with 12 home-owner associations in 6 states representing greater than 25,000 timeshare homeowners.
Today, Vacatia is making use of that very same degree of innovation to essentially the most vexing issues going through legacy timeshare resorts. Its latest enterprise, Vacatia Partner Services, is devoted to the success and progress of legacy resorts and their vibrant proprietor communities. “I’ve assembled an all-star staff of skilled resort trade executives who perceive the previous, current and way forward for the holiday possession trade,” says Caroline Shin, Vacatia’s CEO and co-founder. “They can supply services and products that drive proprietor engagement, enhance money move, appeal to new members and even finance wanted property renovations.”
The VPS staff begins by assessing every resort’s distinctive challenges after which recommending custom-made options on an a la carte foundation to deal with them. Even higher, as a result of VPS understands simply how troublesome occasions have turn out to be for a lot of resorts, lots of its providers don’t require up-front prices earlier than they create new income streams.
VPS’s rental resolution permits legacy resorts to compete with the largest manufacturers whereas producing optimized income per accessible room (RevPAR) and assured outcomes, far surpassing their earlier outcomes. Vacatia’s founders have been the know-how pioneers behind among the most profitable e-commerce websites (Hotwire.com) and lodge income administration (Starwood’s loyalty and rental applications for hundreds of accommodations).
According to VPS executives, this help is sorely wanted. “Although some resorts have invested in know-how to enhance bookings, many others haven’t, which implies they’re not reaching their full earnings potential,” says Greg Eure, Head of Development.
To bolster his assertion, Eure cites VPS’s success at Crown Resorts at The Poconos in Drums, Pennsylvania. Prior to VPS’s assumption of the property’s administration contract in 2020, pre-pandemic annual rental revenues have been round $20K. For 2021, rental revenues are projected to exceed $550K. For your complete Crown Resorts system, VPS has elevated rental income by 388% from pre-pandemic ranges, delighting each the HOA and particular person homeowners who positioned weeks within the rental pool.
Another resolution that VPS executives predict will show in style with legacy resorts is the power to finance renovations with out particular assessments. Through VPS’s partnership with Glacier Creek Capital, resorts can use defaulted stock as collateral. After renovations are full, they’ll once more supply a high-quality product that drives proprietor satisfaction whereas producing elevated rental income and attracting new homeowners. “Glacier Creek Capital’s skilled staff will use a data-driven strategy to assist resorts decide the renovations’ parameters and generate most return on funding,” explains Grant Miller, Head of Growth. “They may even present a mission administration staff to lead the renovation and supply entry to discounted buying providers.”
VPS’s modern membership merchandise tailor-made to the wants of contemporary vacationers enable resorts to generate incremental earnings to pay upkeep charges on defaulted pursuits and enhance common size of keep. “VPS’s versatile, subscription-based mannequin supplies shoppers with entry to a big selection of discounted journey merchandise and reinforces the worth of residence-style lodging, [MD1]” says Michelle DuChamp, Head of Membership. “Customers at this time need a selection. Now they’ll proceed to lease or subscribe to annual applications with higher worth, flexibility and entry to meet their journey wants whereas additionally introducing them to the advantages of timeshare possession. Our know-how makes it simple, clear, and enjoyable for our clients to plan their holidays in a fashion they like.”
VPS additionally supplies a real resale resolution for resorts and their homeowners, one which comes with out the upfront charges and complications that may generate dissatisfaction with trip possession general. Vacatia already supplies this resolution to many main resort builders and is now making it accessible to legacy resorts that want to create a secure haven for his or her homeowners who want an exit technique.
For resorts that need a one-stop resolution, VPS’s property administration providers deal with the labor shortages, complicated laws and operational challenges of managing trip possession resorts. “VPS can companion along with your home-owner affiliation to guarantee long-term vitality and look after the resort and homeowners, utilizing their know-how and hospitality backgrounds to improve the client expertise at each touchpoint,” Miller says. Plus, VPS’s property administration options embody all of the services and products talked about above, reinventing the timeshare expertise throughout discovery, reserving, and keep.
To study extra about VPS’s modern options for legacy resorts, name (720) 449-6738.