Ongoing Sales Incentive - Enrolling Post-6/20/10 Weeks [MERGED]

disneymom1 · Aug 30, 2015

This information must be somewhere, but I can't seem to find it. How do I determine how many DC points my post 2010 resale week is worth? I know there is a skim factor, so it would be less points then needed to reserve a week at the same resort/season.

Thank you!

GregT · Aug 30, 2015

disneymom1 said:
This information must be somewhere, but I can't seem to find it. How do I determine how many DC points my post 2010 resale week is worth? I know there is a skim factor, so it would be less points then needed to reserve a week at the same resort/season.

Thank you!

If you click the Points Spreadsheet link below in my signature area, it will take you to a tripod.com site where I have Points Values v10.pdf.

TUGgers compiled this a few years ago in case something like this happened.

Best,

Greg

disneymom1 · Aug 30, 2015

GregT said:
If you click the Points Spreadsheet link below in my signature area, it will take you to a tripod.com site where I have Points Values v10.pdf.

TUGgers compiled this a few years ago in case something like this happened.

Best,

Greg

Thank you!!!! Very helpful!! One of my weeks, however does not have a point value listed.
.
Surfwatch platinum 2 bedroom garden view - any idea how many DC points?

Thank you!

taterhed · Aug 30, 2015

disneymom1 said:
This information must be somewhere, but I can't seem to find it. How do I determine how many DC points my post 2010 resale week is worth? I know there is a skim factor, so it would be less points then needed to reserve a week at the same resort/season.

Thank you!

You can also go to the My-vacation website and check....I think it only works for pre-2010 owners though. Mine just said--not eligible.

https://www.my-vacationclub.com/en-us/owners/pointsintro/discover.html

jont · Aug 30, 2015

disneymom1 said:
Thank you!!!! Very helpful!! One of my weeks, however does not have a point value listed.
.
Surfwatch platinum 2 bedroom garden view - any idea how many DC points?

Thank you!

dont know exactly but i would guess between 3400 to 3700 points. maybe someone who owns one of those weeks could confirm the exact amount.

disneymom1 · Aug 30, 2015

taterhed said:
You can also go to the My-vacation website and check....I think it only works for pre-2010 owners though. Mine just said--not eligible.

https://www.my-vacationclub.com/en-us/owners/pointsintro/discover.html

Appears to only work if the week is pre-2010. Mine also said not eligible.

VacationForever · Aug 30, 2015

disneymom1 said:
Appears to only work if the week is pre-2010. Mine also said not eligible.

I think there is a sticky above the Marriott board or if you do a search you should find a thread on what have been reported by owners.

taterhed · Aug 30, 2015

GregT said:
If you click the Points Spreadsheet link below in my signature area, it will take you to a tripod.com site where I have Points Values v10.pdf.

TUGgers compiled this a few years ago in case something like this happened.

Best,

Greg

sptung said:
I think there is a sticky above the Marriott board or if you do a search you should find a thread on what have been reported by owners.

It's in Greg's signature (above) and also here: https://docs.google.com/spreadsheet/ccc?key=0Av7ha9BaTYbEdG5qZV9leWJHX0ExOEl4UkNmLW9SUVE#gid=0

krj9999 · Aug 30, 2015

So does mine.

Would points be given for the season owned? Or the amount for the specific deeded week owned? I'm assuming likely season and not week.

taterhed said:
You can also go to the My-vacation website and check....I think it only works for pre-2010 owners though. Mine just said--not eligible.

dioxide45 · Aug 30, 2015

krj9999 said:
So does mine.

Would points be given for the season owned? Or the amount for the specific deeded week owned? I'm assuming likely season and not week.

Property, season, week, and unit size. It might be based on week for true fixed weeks.

disneymom1 · Aug 30, 2015

taterhed said:
It's in Greg's signature (above) and also here: https://docs.google.com/spreadsheet/ccc?key=0Av7ha9BaTYbEdG5qZV9leWJHX0ExOEl4UkNmLW9SUVE#gid=0

Surfwatch points conversion not listed there either.

heathpack · Aug 30, 2015

Well, I know very little about the Marriott system, despite owning an EOY garden view Gold Barony Beach week. I bought it off EBay in 2013, with the intention of using it, so I have never really educated myself on the Marriott points system.

We just checked in to our first stay here and it's raining. Thr rain is expected to continue for a few days, so we signed up for owner update after we were told that we can now enroll our week for $600. Wut?! Assumed of course that we've have to buy more points. (Actually, my first assumption was the 'concierge' was mistaken, but it looks like maybe not.). Whatever, they're giving us $125 voucher and a bottle of wine.

We already own too many weeks- Hyatt, Disney & Starwood in addition to this Marriott (plus a cruising sailboat)- there is almost no offer they could make us which would be a sensible purchase for us. But still, I'll let y'all know what they say tomorrow. Sounds like it might be interesting at least.

dioxide45 · Aug 30, 2015

heathpack said:
Well, I know very little about the Marriott system, despite owning an EOY garden view Gold Barony Beach week. I bought it off EBay in 2013, with the intention of using it, so I have never really educated myself on the Marriott points system.

We just checked in to our first stay here and it's raining. Thr rain is expected to continue for a few days, so we signed up for owner update after we were told that we can now enroll our week for $600. Wut?! Assumed of course that we've have to buy more points. (Actually, my first assumption was the 'concierge' was mistaken, but it looks like maybe not.). Whatever, they're giving us $125 voucher and a bottle of wine.

We already own too many weeks- Hyatt, Disney & Starwood in addition to this Marriott (plus a cruising sailboat)- there is almost no offer they could make us which would be a sensible purchase for us. But still, I'll let y'all know what they say tomorrow. Sounds like it might be interesting at least.

Sounds like the person signing you up for the tour doesn't know that you own a post 6/20/2010 resale week. Once they wise up to that, your offer to enroll for $600 will be gone.

I have heard of a few properties offering pre 6/2010 the ability to enroll their weeks at the original price, but most are reporting now that they are being able to do it as part of an encore package purchase.

heathpack · Aug 30, 2015

dioxide45 said:
Sounds like the person signing you up for the tour doesn't know that you own a post 6/20/2010 resale week. Once they wise up to that, your offer to enroll for $600 will be gone.

I have heard of a few properties offering pre 6/2010 the ability to enroll their weeks at the original price, but most are reporting now that they are being able to do it as part of an encore package purchase.

Well he for sure knew that my week was purchased in 2013, that was in the conversation leading up to the comment that it would 'normally be $1800 to enroll the week but now would be $600'. He never said it would only be $600, so I was assuming $600 + some kind of points purchase.

But of course I put little faith in the $600 or even $1800 figure. The 'concierges' will say anything to get you to sign up for the presentation. $600 for me, $1800 for all you other schmoes, because me & my week are special & unique snowflakes. Right?

taterhed · Aug 30, 2015

Ok. You've got my attention. I'm sure dioxide is right .....
strange days are these though.

heathpack · Aug 30, 2015

taterhed said:
Ok. You've got my attention. I'm sure dioxide is right .....
strange days are these though.

I'll report back as to what they say tomorrow.

I'm not as savvy with this Marriott stuff as I am with Hyatt & Disney, so I may not have particularly intelligent questions. If there's anything anyone wants me to ask, let me know.

VacationForever · Aug 30, 2015

heathpack said:
Well he for sure knew that my week was purchased in 2013, that was in the conversation leading up to the comment that it would 'normally be $1800 to enroll the week but now would be $600'. He never said it would only be $600, so I was assuming $600 + some kind of points purchase.

But of course I put little faith in the $600 or even $1800 figure. The 'concierges' will say anything to get you to sign up for the presentation. $600 for me, $1800 for all you other schmoes, because me & my week are special & unique snowflakes. Right?

Sounds similar to the author of my "welcome" letter at DSV that indicated that my weeks were eligible to be enrolled and that I would be getting a rollback enrollment fees of $599 (or whatever it was) instead of the $1800. My weeks were bought post 2010.

SunandFun83 · Aug 30, 2015

Great Profit Opportunity for Marriott

I think Marriott can design a way to offer this package enrollment option at great profit to themselves. It makes sense that the deal would be a purchase of matching points at retail (no incentives here).

Own a 4,000 point purchased resale. Buy 4,000 points at $12.50 to enroll your weeks.

Why would Marriott do it? The flood of legacy weeks owners enrolling weeks and buying 2,000 points for the privilege is probably over. Stock valuation is based on GROWTH in sales, so, how do they grow sales from the 4 year rush to enroll weeks. I think points as a product is horribly overpriced and I do no believe they can grow sales and raise prices of points.

When would Marriott do this? When they have enough points inventory to satisfy the demand. Marriott creates points with exercising ROFR on weeks and new construction. They are aggressive now with ROFR on points ($4.50 and $4.70 that I experienced) . I think that when Marriott builds out Crystal Shores and adds two or three purchased resorts to convert to points the inventory will be right for allowing enrollment with purchase.

I do not think enrollment has value if you are already a points member. I rent all the extra points I need at $0.50 (60,000 points rented from 2014 to 2017)

mjm1 · Aug 31, 2015

Greg and all, thanks for sharing the details. If anyone has a chance, please ask how an EOY unit would be treated. Would the DC point buy in be the same or cut in half?

We own MKO EOY but we like going there, so I don't know if I would pursue this opportunity, but it would be interesting to consider it.

Thanks

Mike

kds4 · Aug 31, 2015

mjm1 said:
Greg and all, thanks for sharing the details. If anyone has a chance, please ask how an EOY unit would be treated. Would the DC point buy in be the same or cut in half?

We own MKO EOY but we like going there, so I don't know if I would pursue this opportunity, but it would be interesting to consider it.

Thanks

Mike

One of the 3 posters on this thread who have said they received essentially the same offer is an EOY owner. I believe that their required points purchase was the same as someone who owned EY - 2500 points. One year they would get 2500 and in the next year they could get 2500 points plus the value of their enrolled EOY week (if they elected DC points for it).

Fasttr · Aug 31, 2015

GregT said:
Ah...renting. I think renting points skews our view of this offer. The fact that we can rent points easily makes it easier to discount this offer from Marriott. But what if renting became restricted (like Disney -- where you are now restricted to only one in/out transfer). This could happen someday in Marriott land, and that should be considered if someone is on the fence on this opportunity.

I think this offer makes the most sense for the following owner:

1) they can afford it
2) the week(s) that they are enrolling are opportunistic weeks (sometimes they are personally used, sometimes rented for cash, sometimes traded through II)
3) it moves the owner into a higher tier (Executive, Chairman's Club, etc)
4) they want to hedge against a changing rental market.

Now only TUGgers will consider #4 because 99.9% of the Marriott world has no idea about the ability to rent points, and therefore points are much more scarce to them -- and this offer is more interesting because of that. If we lived in a world where we had to borrow from next year's weeks because we were 50 points short, this would be an interesting offer.

Lets play this scenario out a bit. Lets say that eventually, MVC does limit points transfers to 1x in and 1x out per calendar year. What do you think that would do to point rental availability and pricing. Some thoughts off the top of my head....

It would severely alter the game of the mega renters (Grand Residences type renters) who rent out tens of thousands of points a year, as they would seemingly wait to rent out as many points as they could in one block to somebody who needs a large bundle. Certainly would limit how many points they could rent as compared to the current landscape, severely reducing supply.
Anybody who needed a large bundle would look only to those with large bundles to rent as they would not be able to do like they do now and be opportunistic, snatching 2000 well priced points from this person and 3000 well priced points from that person.
Folks with smaller points bundles to rent (1000, 2000, etc) would likely be more patient to find somebody who wanted a quantity very near the quantity they were renting.
Folks would have to more closely determine total quantity needed in any given use year, rather than be able to wing it as they do now, as currently, they can always rent more.
Folks only needing a small amount of points (250, 500, etc) may find it more challenging to rent a smaller block, unless they are lucky enough to find a match to somebody with only a smaller block to rent.

Any thoughts if the circumstances laid out above would drive rental supply up or down, rental pricing up, down, or have no effect? Perhaps some of you already have wisdom from other systems who currently limit transfers.

I agree with GregT.....this is the one trigger that if flipped, would be a game changer in how one looks at this current enrollment opportunity.

SueDonJ · Aug 31, 2015

taterhed said:
It's in Greg's signature (above) and also here: https://docs.google.com/spreadsheet/ccc?key=0Av7ha9BaTYbEdG5qZV9leWJHX0ExOEl4UkNmLW9SUVE#gid=0

disneymom1 said:
Surfwatch points conversion not listed there either.

You can call/email Owner Services and ask them to confirm the DC Points exchange value for your Week. Even if yours isn't officially eligible they should be able to tell you the value of eligible like Weeks.

*****
Greg/Steven, I think it may be time to begin a brand new chart because the one linked has some errors in it and it's missing info that I know has been reported. For examples I looked at two resorts, SurfWatch and Grande Ocean:

SW - all of the reported DC Points values have been deleted; SW's calendar doesn't have fixed ("Platinum +" or "Platinum Premier") Weeks, and, SW doesn't have "OF" units. It has GV-Garden View, OS-Ocean Side, and OC-Ocean Vista, 2BR and 3BR, Bronze/Silver/Gold/Platinum.

GO - the calendar doesn't have fixed ("Week 52") Weeks. It has OF-Ocean Front or OS-Ocean Side, 2BR, Bronze/Silver/Gold/Platinum.

While it's a good idea in theory it seems that allowing people to edit the chart with their own information is causing errors (there are probably more than just the two resorts I looked at.)

taterhed · Aug 31, 2015

sorry, I missed the omissions when I posted the link. I was just looking for one thing....

taterhed · Aug 31, 2015

Fasttr said:
Lets play this scenario out a bit. Lets say that eventually, MVC does limit points transfers to 1x in and 1x out per calendar year. What do you think that would do to point rental availability and pricing. Some thoughts off the top of my head....

It would severely alter the game of the mega renters (Grand Residences type renters) who rent out tens of thousands of points a year, as they would seemingly wait to rent out as many points as they could in one block to somebody who needs a large bundle. Certainly would limit how many points they could rent as compared to the current landscape, severely reducing supply.

Anybody who needed a large bundle would look only to those with large bundles to rent as they would not be able to do like they do now and be opportunistic, snatching 2000 well priced points from this person and 3000 well priced points from that person.

Folks with smaller points bundles to rent (1000, 2000, etc) would likely be more patient to find somebody who wanted a quantity very near the quantity they were renting.

Folks would have to more closely determine total quantity needed in any given use year, rather than be able to wing it as they do now, as currently, they can always rent more.

Folks only needing a small amount of points (250, 500, etc) may find it more challenging to rent a smaller block, unless they are lucky enough to find a match to somebody with only a smaller block to rent.

Any thoughts if the circumstances laid out above would drive rental pricing up, down, or have no effect? Perhaps some of you already have wisdom from other systems who currently limit transfers.

I agree with GregT.....this is the one trigger that if flipped, would be a game changer in how one looks at this current enrollment opportunity.

Funny, I started to say 'well, that would end it for me......" but then I thought about it.

In truth, if I was just adding a few days (or a week) to my vaca every year using points, I could probably just plan a little better and still make it work. Assuming the points were available. It would definitely encourage entrepreneurs (IMHO) and make it harder for mom's and pop's trying to hock points instead of loosing them. I'd say rich get richer and poor get poorer. It would probably scare me away from the deal at least for now.

Fasttr · Aug 31, 2015

Fasttr said:
It would severely alter the game of the mega renters (Grand Residences type renters) who rent out tens of thousands of points a year, as they would seemingly wait to rent out as many points as they could in one block to somebody who needs a large bundle. Certainly would limit how many points they could rent as compared to the current landscape, severely reducing supply.

I guess these mega renters could still rent....they would just have to change their focus to renting the points needed to book ressies, book the ressie and add the renters name to the ressie. Then again, how much of that could be done before that became a commercial endeavor in the eyes of MVC, which I believe is prohibited. Its certainly much cleaner for those folks to just rent the points and be done with it. Not sure many of them want to effectively become a travel agent for many.

Ongoing Sales Incentive - Enrolling Post-6/20/10 Weeks [MERGED]

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