Extra Holidays Explained: How the 60% Owner Share Actually Works

As of August 2026, the Extra Holidays owner rental agreement states that an owner receives sixty percent (60%) of Net Proceeds when a reservation is placed with a vacationer. The program is operated by Travel + Leisure Clubs & Rental, LLC. There is no upfront fee, the program sets the rental rate, and the owner is paid within 45 days following the guest's check-out.

This is one of nine ways to get an unused week booked. The full comparison is here.

The concession, up front

Extra Holidays costs nothing until a booking happens, it is already sitting in the owner portal you log into, and there is no account to create and nothing to build.

For an owner with one unused week a year who wants zero involvement and zero upfront cost, that is a genuinely reasonable choice and we are not going to pretend otherwise. It is also the honest answer to our own biggest weakness: every program on this list is free until it books, and we are not.

What follows is not a case that the program is bad. It is what the agreement actually says, because most owners sign it without reading it, and two of its terms surprise people later.

What 60 percent is 60 percent of

This is the part worth slowing down for. The agreement does not say the owner receives 60% of what the guest pays. It says 60% of Net Proceeds, and it defines Net Proceeds as the total revenues collected from the vacationer, less:

1. Credit card and merchant bank fees and charges
2. Travel agent and/or distribution channel fees and commissions
3. Royalties and/or fees due to a franchisor
4. Sales, lodging and/or use taxes collected from the vacationer

So the deductions come off the top first, and the 60/40 split happens on what is left. The agreement states that the program retains the difference between Net Proceeds and Owner Proceeds "to compensate T+L for the services provided under this Agreement, including without limitation the cost of reservations, accounting, and marketing."

That is not a criticism. It is a normal way to write a revenue-share agreement, and the terms are published openly. It just means that "60%" and "60% of what the guest paid" are two different numbers, and the second one is the one owners tend to picture.

The same booking, run through each fee structure

Fee structures are almost impossible to compare in the abstract, so here is the same arithmetic run through each one.

Read this as fee math, not as a forecast. The $1,000 below is a placeholder chosen because it scales cleanly. It is not an estimate of what any week books for, and nothing here says a week will book at all. Substitute whatever number you like; the structures behave the same way.

One note on credits, because it is the question we get asked: credits are what you spend to get the reservation. Fees are charged on what the listing is priced at. So the arithmetic has to be in dollars, not credits.

The last row is the entire structural difference, and it is worth saying plainly: a revenue share takes more when the booking is better. A flat fee does not. On a strong week in a strong season, the gap between those two structures widens, and it keeps widening every year you own the week.

That cuts both ways, and we will say the other half too. On a week that never books, a revenue share costs nothing and our fee is already spent. Which risk you would rather carry is a real decision, and it depends on how many weeks you are listing and how confident you are that they will move.

Who sets the price

You do not. The agreement states that the program "will utilize numerous marketing outlets to obtain the highest rental rate possible based on season, unit type and other competitive factors."

That is a reasonable commitment and it is also a transfer of control. The rate, the marketing channels and the placement decisions belong to the program. If you have a view about what your week is worth in a particular season, the agreement does not give you a lever to act on it.

When you get paid, and when you do not

Owner Proceeds are paid within forty-five (45) days following the check-out of the placed vacationer. So the money arrives after the stay finishes, plus up to six weeks.

The cancellation terms are the second thing owners tend to discover late. Under the agreement:

• If a placed vacationer cancels less than three days before occupancy, the program may, at its discretion, retain the advance payment and pay the owner their share as liquidated damages, provided the reservation is not re-rented, space-banked, or used by the owner.
• If a placed vacationer cancels three or more days before occupancy, the owner receives no payment, whether or not the program keeps any deposit.

There are two more terms worth knowing. Reservations are not accepted more than thirteen months in advance of check-in. And once there is a confirmed reservation against your week, your right to withdraw it from the program is limited.

Where we're different

We are not the cheapest way to do this and we have already said so. Here is what you are actually buying instead.

You keep the price. We recommend a price off live comparable listings and you approve it. Nobody sets your rate for you.

You keep the payout. The guest pays the platform and the platform pays you, direct to your bank, on the platform's normal schedule. We never touch the money, so there is nothing for us to deduct and no 45-day wait on our end.

We work before you spend a point. The program starts once you already have a reservation. We start earlier: we research which resorts and dates draw demand, and we read your club's rental policy with you before you commit credits to anything. If your program does not allow it, we tell you on the first call and there is no charge.

Somebody answers your guests. We join the listing as a co-host and handle guest messages in your inbox, business hours, Monday to Friday.

The fee does not grow. A flat annual fee is the same on a quiet week and on a peak one, and the same in year three as in year one.

Common Questions

Does Extra Holidays take a commission?

It is a revenue share rather than a commission on a stated price. The agreement says the owner receives sixty percent of Net Proceeds and the program retains the rest as compensation for its services. Net Proceeds is defined after credit card and merchant bank fees, distribution channel fees and commissions, franchisor royalties, and taxes are deducted.

Who decides what my week rents for on Extra Holidays?

The program does. Its agreement commits it to use numerous marketing outlets to obtain the highest rental rate possible based on season, unit type and other competitive factors, but the rate is not set by the owner.

When does Extra Holidays pay the owner?

Owner Proceeds are paid within forty-five days following the placed vacationer's check-out.

What happens if the guest cancels?

It depends on timing. If the cancellation is three or more days before occupancy, the agreement states the owner receives no payment. If it is less than three days before, the program may at its discretion pay the owner their share as liquidated damages, provided the reservation is not re-rented, space-banked or used by the owner.

Can I use Extra Holidays and a listing service at the same time?

Not for the same dates. Listing one reservation in two places at once risks a double booking, and once a reservation is confirmed through the program your right to withdraw it is limited. Pick one home for each reservation.

Are these terms the same for every owner?

Not necessarily. The published agreement is one version, terms differ between programs and get amended over time, and the version that governs is the one attached to your own account. Read yours before you sign it.

Sources

Read directly from the program's own published terms in August 2026.

• Extra Holidays owner rental terms and conditions, the Vacation Time Listing Agreement: extraholidays.com/owner-rental-terms-conditions
• Club Wyndham owner resources, Extra Holidays rental program: clubwyndham.wyndhamdestinations.com
• WorldMark by Wyndham owner rental program: worldmark.wyndhamdestinations.com