Wyndham Vacation Ownership’s Franz Hanning Elected Chairman of American Resort Development Association
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,” Nusbaum said.
“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,” Hanning continued.
The four primary consumer brands of Windham Vacation Club - 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 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.