If you are a member of Shell Vacation Club, you might be wondering who exactly owns the company. Well, the answer is not as straightforward as you might think.
Shell Vacation Club, also known as SVC, is a vacation ownership program that offers members access to a network of resorts around the world. The program is operated by Wyndham Destinations, which is one of the world’s largest vacation ownership companies.
Wyndham Destinations acquired Shell Vacations LLC in 2012, which was the parent company of Shell Vacation Club, for $102 million. This acquisition allowed Wyndham Destinations to expand its portfolio and offer even more options for their vacation ownership members.
But who owns Wyndham Destinations? The answer to that question is also quite complex.
Wyndham Destinations was originally a subsidiary of the hospitality company Cendant Corporation. However, in 2006, Cendant split into four separate companies, one of which was Wyndham Worldwide Corporation.
In 2018, Wyndham Worldwide Corporation spun off its hotel business and rebranded itself as Wyndham Destinations. So technically speaking, Wyndham Destinations is its own independent company and publicly traded on the New York Stock Exchange under the symbol WYND.
So there you have it- while it may seem like a simple question at first glance, who owns Shell Vacation Club actually requires a bit of digging to fully understand. But regardless of who ultimately holds ownership over the company, members can rest assured that they have access to an extensive network of resorts around the world through their membership in SVC.
If you’re interested in becoming a member or learning more about Shell Vacation Club and its benefits check out their website at www.shellvacationclub.com.