RCI End of Agreement: What It Means for Vacation Ownership Owners

RCI, also known as Resort Condominiums International, is a provider of exchange vacation services. They allow vacation owners to trade their timeshare or vacation ownership for a stay at another resort. However, recent news regarding RCI’s end of agreement with certain developers has caused concerns for vacation owners.

What is the RCI End of Agreement?

After years of partnership, RCI has terminated their agreement with several vacation ownership developers such as Wyndham and Diamond Resorts. This means that RCI members who own timeshares from these developers will no longer be able to exchange their timeshares through the RCI network.

What Happens to Vacation Owners?

For vacation owners who have a timeshare from one of the developers that RCI has terminated their agreement with, it means they will no longer be able to trade their vacation ownership through RCI. These owners will need to look for alternate exchange options to get the best value from their vacation ownership.

What Are the Alternatives for Vacation Owners?

Fortunately, there are still many options available for vacation owners to trade their timeshare ownership. One option is to use an external exchange company such as Interval International or Trading Places International. These companies also offer exchange services to vacation owners across the globe. Membership to these companies can be a great alternative for those who are affected by RCI’s end of agreement.

Another alternative is to work directly with the respective resort or developer, as many of these companies have their own internal exchange program. This may mean that vacation owners can still trade their ownership within the same resort or group of resorts owned by the same company.

What Should Vacation Owners Do Now?

Vacation owners who have been impacted by the RCI end of agreement should start exploring their options to find the best exchange program for their needs. Research is important to ensure the exchange program chosen can provide the same value and benefits as the RCI program.

Additionally, vacation owners should check their vacation ownership contract to understand the options available if the original exchange program is terminated. The contract may have provisions that allow owners to terminate or make changes to their ownership agreement.

Final Thoughts

RCI’s end of agreement with several developers has caused concerns for vacation owners who rely on the company’s exchange services. However, there are many alternatives available, which can provide even better value and benefits. Vacation owners should research and explore their options to ensure they get the best value from their vacation ownership.