Citizens partners with Wyndham on vacation club pay plan

Creative financing solutions such as buy-now-pay-later and a newer iteration – save-now-buy-later – have become fairly common across the travel industry, with major airlines, hospitality companies and online travel agencies offering them to consumers.

Now a timeshare company, Wyndham Destinations, is adding an installment-based financing option from Citizens Financial Group.

By using the Citizens’ installment-based financing solution, Citizens Pay, to finance their down payments, vacation club members can access more than 200 resorts in the United States, including Club Wyndham, WorldMark by Wyndham and Margaritaville Vacation Club by Wyndham properties.

“Fueled by a desire for unforgettable experiences and long-awaited adventures, travelers are reclaiming lost time and seeking simplicity when it comes to planning and paying for their vacations,” said Christine Roberts, executive vice president at the Rhode Island-based company and president of Citizens Pay. “By working with Wyndham Destinations as their down payment financing partner, we offer travelers a flexible and predictable pay-over-time option, transforming their vacation aspirations into reality.”

Wyndham Destinations describes itself as the world’s largest vacation ownership business, with more than 245 resorts around the world and more than 800,000 owners. 

“Our new partnership with Citizens Pay will make it simpler than ever for new and existing vacation club members to start planning their next adventure,” said Scott Cavanaugh, vice president of strategic partnerships and licensing at Wyndham Destinations.

The deal follows news last week that Uplift, a provider of buy-now-pay-later solutions used by more than 300 airlines, cruise lines and hotel chains in the U.S. and Canada, has been purchased by Upgrade, which offers banking, credit and payment products directly to consumers.