What is Vacation Ownership?
Traditionally the concept of vacation ownership (or timeshare) meant that people would purchase fixed amounts of time (or fixed weeks) in specific apartments or locations for the term of the club. These terms were often very lengthy, making some club memberships a lifelong commitment.
However, with Innovative Holiday Club, members experience the freedom and flexibility of a sophisticated points-based system and a short-term club. The choice of destinations for Innovative Holiday Club members is also vast. Members can vacation in thousands of locations across Europe, the USA, the South Pacific and Asia.
Members pay upfront for future holidays at today’s prices giving them access to a portfolio of beautiful resorts all over the world. This gives members the freedom to vacation when, where and how they want, without the worry of affordability.
Annual Levies contribute to the upkeep, maintenance and repair of Club Apartments. Unique to Innovative Holiday Club, members also enjoy the complete flexibility of only paying Annual Levies when they take a vacation.
How Does Vacation Ownership with Innovative Holiday Club Work?
When you become an Innovative Holiday Club member, you receive an annual allotment of Member Points. These are the “currency” you use to enjoy dream vacations for you and your loved ones.
The number of points you need will vary depending on the resort you choose, the apartment size, your length of stay, and the season your reservation falls into. Whether you use your points for a family get together, a romantic weekend or the vacation of a lifetime, the choice is yours.
As a club member, you acquire a specific number of points to use at any of the club apartments depending on the number of Member Points you have available and club apartment availability. You will need to acquire the minimum membership, which is 10,000 Member Points. At any time, you can acquire further Member Points, in tranches of 10,000 Member Points.
The Club’s points system works much like a traditional bank account. When you become a member, your Member Points are deposited into your personal Innovative Holiday Club account, ready for immediate use. When you make reservations, the number of Member Points needed for that particular reservation are automatically withdrawn.
Every year on your Anniversary Date of Membership, your account is again credited with the full number of Member Points you own unless you have borrowed from your next year’s account. You can make bookings up to 12 months in advance of your stay.
You can BORROW all of your Member Points from the upcoming year to extend your holiday time in the current year, as long as you have paid the Annual Levy for the upcoming year. You can choose to use your Premier Member Points as follows: SAVE some or all of your Member Points for one year to extend your holiday time the following year. You can carry over your unused Member Points for use in the following year, unless you have an accepted reservation in accordance with the Guidelines and Regulations in respect of those Member Points before then.
Where in the World Can the Club Take me?
Members currently have access to Club Resorts, as well as access through the Club’s exchange agreements to select Club Wyndham South Pacific resorts and Club Wyndham Asia resorts, such as those in Thailand, Indonesia, Japan, Australia, New Zealand, Fiji and Hawaii, US as well as over 70 WorldMark, The Club resorts in the United States, Canada and Mexico.
Innovative Holiday Club members enjoy access to:
- Innovative Holiday Club resorts
- Affiliate resorts from sister clubs with destinations in the South Pacific, Asia, Europe and North America
- Access to Greenland Health resorts in China
- Complimentary RCI membership for three years providing access to more than 4,200 resorts all over the world
- Option to exchange points for Wyndham Rewards points for stays at thousands of Hotels, Vacation Club Resorts & Vacation Rentals worldwide (small fee applies)
How You Can Save Money Long Term with Vacation Ownership?
By joining the Club, you are essentially pre-paying for vacations for years to come, which can provide you with great savings in the long run. As hotel room rates continue to rise, many families are finding they can no longer afford to take vacations, Innovative Holiday Club members however avoid the inflation of hotel room rates. The exchange values at Innovative Holiday Club resorts will remain the same for the life of the Club.
Typically, money spent on the rental of holiday accommodation during the life of an average person or family can be substantial. However, Innovative Holiday Club members only pay a one-time acquisition cost plus Annual Levies to own their holidays for the term of the Club.
A Beneficial Interest in Club Assets
Innovative Holiday Club is a points-based vacation club in which members own member points and have a beneficial interest in the club assets. The club was established for a term of 20 years, which expires on 31 December 2040. At the expiry of the term, the Club will be liquidated and the assets sold. On liquidation, members are entitled to the net proceeds of sale, in proportion to the points the member owns at the time. Returns are not guaranteed.