"Inventory Procurement for the travel industry, increased occupancy for properties"
Wholesale Vacation Club Program
Designed for Condominium Communities to increase occupancy while raising revenue and lowering costs
The Wholesale Vacation Club Program introduces a new customer base that the condominium complex owners may not have been aware of or able to reach due to limited resources.
Essentially, we work with the condo management office, property manager or owner to furnish the units, provide weekly housekeeping and provide check in and check out services upon request. While the guests may come and go, you get paid consistently every month whether the unit is occupied or not.
The concept is basically a long term lease with the condominium complex. Our vacation members check in and out on a weekly basis. Virtually guaranteed renewals eliminate vacancies between leases.
Payments are made automatically by wire transfer (unless requested otherwise) so that they are received AT LEAST 2 weeks prior to the start of each month. The units are paid for whether or not they are used by Hospitality Representation
Pros and Cons for Condo or apartment complexes:
Payment whether units are vacant or occupied
Fill vacant condos
Eliminate vacancies between rentals with long-term leases
Eliminate marketing and broker costs between leases
Virtually guaranteed renewals with satisfied members
Corporate tenant that pays early. No notices, collections, partial payments etc.
Add property exposure
Add existing condos as they become available in the future
Substitute similar condos at almost any time for any reason
Expansion possibilities if demand increases
Single point of contact for all the condos
Plan long term and reduce overstaffing risk
Eliminate vacancy factor resulting in higher gross and net revenues- marketing and broker costs, eviction costs, reduced administration costs, etc.
-Lower rental price
-Different people using premises instead of the same tenant
-Probably more use of pool and facilities than with typical long-term rentals