WASHINGTON, DC (June 21, 2013) –– Franz Hanning, president and chief executive officer of Wyndham Vacation Ownership, Inc. — the world’s largest developer and marketer of flexible, points-based vacation ownership products — was officially elected as Chairman of the American Resort Development Association (ARDA) during the recent ARDA World Convention and Exposition in Fort Lauderdale, Florida. ARDA is the national trade association representing the vacation ownership industry.
“We are honored to have Franz serve as our industry leader and look forward to working more closely with him as an advocate for vacation ownership,” said Howard Nusbaum, president and CEO of ARDA. “Franz’s rich background and deep roots in resort sales and management is an asset to our industry, especially at this time of product innovation, market growth and consumer satisfaction. He is the perfect steward to introduce a new generation to timeshare and better vacationing.”
“I am extremely honored to step into this role with ARDA, and energized by what we can accomplish together,” said Hanning. “For more than 30 years, this industry has been my passion and I look forward to leading a global perspective during such an exciting time for vacation ownership.”
The company’s four primary consumer brands — CLUB WYNDHAM®, WorldMark® by Wyndham, Wyndham Vacation Resorts Asia Pacific and Shell Vacations Club — together comprise more than 185 resort properties throughout North America, the Caribbean, Mexico and the South Pacific. These brands represent approximately 23,000 vacation ownership units and serve more than 900,000 owner families worldwide.
Since being named president and CEO of Wyndham Vacation Ownership (WVO) in 2004, Hanning has overseen all management, operations, strategic planning and growth initiatives, and leads a worldwide staff of more than 15,000 employees. Through his vision, WVO has grown to be the world’s largest developer in the timeshare industry with revenues in excess of $2 billion. Hanning also led the organization through the launch of the innovative fee-for-service business model which has reduced the company’s capital intensity, increased recurring management fees and improved investment returns — and transformed the vacation ownership industry in turn.
Hanning first joined the company — then Fairfield Communities, Inc. — in 1982 as a sales professional, and has held a myriad of successful key leadership positions within the organization since that time. Hanning is a Registered Resort Professional (RRP) and marked his 30th anniversary with Wyndham Vacation Ownership last year.
The American Resort Development Association (ARDA) is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has almost 1,000 members ranging from privately held firms to publicly traded companies and international corporations with expertise in shared ownership interests in leisure real estate. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC). For more information, visit www.arda.org or ARDA’s consumer website at www.VacationBetter.org.