LATEST NEWS

Check right here for the latest news from THE RENTAL PROGRAM. We’ll keep you informed of all new program enhancements, upcoming promotions and new program options.

THINKING ABOUT RENTING YOUR VILLA?

If you are not planning to vacation at Royal Resorts this year or have been forced to cancel your travel plans, and are not a Signature Club Platinum member with access to the Signature Flexibility Points program, don’t let your week go to waste. The Rental Program can help you rent it out.

List your unit in The Rental Program managed by Caribbean Islands Travel and earn additional income. It is quick and easy and you can enroll the whole two-bedroom unit or the one-bedroom suite or room portion. The time slots are just as flexible, list your unit for seven nights or only a few nights. You can also decide if you want to list it for one year, several years or even longer.

With a call center, an online reservations center, marketing campaigns and an extensive network of travel industry alliances with global reach, The Rental Program does the work of renting your villa for you. It takes care of everything, from advertising to contacting potential clients, contracts and collection, thus saving you time and the money you might have to spend enrolling your villa in other rental programs or on publicity.

In 2015, Royal Resorts members deposited a total of 119,850 room nights of which 88% were rented out.

It only takes a minute to deposit your unit with The Rental Program and there are no upfront fees, no escrow fees or membership, listing or marketing fees.

WIRE TRANSFER REQUIREMENTS

The standard payment method for the rental proceeds is a check in US Dollars payable to all members of record. Members may change this standard payment method and one of the options for this change is to receive a wire transfer.

The requirements to receive your rental proceeds as a wire transfer are the following:

  1. You must complete and return the Rental Payment Form. Select option B for your payment method. This form must be signed by all members on the contract.
  2. Send copies of legal ID’s for each member on the contract.
  3. Send a copy of a complete bank statement of an account belonging to one of the members. This statement must include name, address and ABA number for wire transfers. In the absence of this statement a letter on bank letterhead, signed by a bank representative and including all the information mentioned before can be accepted.
  4. For non US banks the statement or bank letter must include: branch number, intermediary bank, SWIFT code and CLABE code. You may get the SWIFT code directly from your bank.
  5. There is a $25 fee to process a bank transfer which will be deducted from the rental proceeds owed to the member.

Any document that fails to adhere to the requirements will be refused acceptance and will be returned with no exception.

The following are examples of documents that will NOT be accepted:

  • Rental Payment Forms with missing signatures.
  • Bank information written on the email by the own member.
  • Screenshots of online banking.
  • Bank statements that have been cut or modified and are not complete.
  • Bank statements or bank letters with missing information needed to process the wire transfer.
  • Illegible or faded copies.
  • Incomplete copies of Legal ID’s.

Please take into consideration that it is mandatory to process a wire transfer that the Bank Account belongs to one of the members on the contract. No exceptions.

For accounts with a deceased member the wire transfer cannot be processed. Members can contact Membership Services at Interval Servicing to process the corresponding Tittle Change to remove the name of the deceased from the account. Please ask for more details to one of our counselors in Membership Services.

THE RENTAL PROGRAM & ROYAL RESORTS CARIBBEAN

The Rental Program (operated by Caribbean Islands Travel) offers Royal Resorts Caribbean members the opportunity to earn rental income when you are not able to use your property:

  • Simpson Bay Resort & Marina (St. Maarten)
  • The Villas at Simpson Bay Resort & Marina (St Maarten)
  • The Royal Sea Aquarium Resort (Curacao)

The Rental Program has the experience, professionalism and customer service needed when managing a vacation rental. We have been in business since 2001 and our leadership team has the management and hospitality experience needed to rent your unit effectively.

Royal Resorts Caribbean Members can enroll their unit online or completing and returning the Rental Enrollment Form. There is no upfront fees to enroll your unit in the Rental Program. We offer great flexibility for these enrollments, members may deposit:

  • A portion of the unit (Suite, Room/Lock-off/Jr. Suite, or Studio) or the entire unit
  • From 1 to 7 nights
  • For one occupancy year or many years

The payment of the rental distribution proceeds for the Royal Resorts Caribbean Members will equal 70% of the net rental rate. Net rental rate is the total rental rate minus taxes and service fees as well as the cost of any other service, included in the rental rate which is not part of the occupancy value (meals, transfers, etc). Taxes and fees for the resorts are as follow:

  • 7% for The Royal Sea Aquarium
  • 20% for Simpson Bay Resort and The Villas at Simpson Bay

Payment of rental proceeds are made in checks in US dollars payable to all Members of record and are mailed approximately 14 days after the end of the week enrolled in the program. Members also have the option to change the payment method to a check in US dollars payable to the primary name on the membership agreement or a bank transfer. This Rental Payment Form will need to be completed and returned to process this change.

Don't let your timeshare unit go unused if your vacation plans to the Caribbean are not possible for this year. Enroll your unit in The Rental Program and let us work for you.