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Post on Marriott Forum - SPG/Marriott - Marriott Vacations Worldwide 2Q Conf Call

DeniseM

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http://www.tugbbs.com/forums/showthread.php?t=244433

Impact of Marriott International/Starwood Merger

Marriott Vacations Worldwide has an exclusive license with Marriott International for access to the Marriott Rewards program and Marriott reservation system. Vistana Signature Experiences (VSE) has a similar relationship with Starwood. The Marriott/Starwood merger has not yet closed, but Marriott International hopes to combine the Marriott Rewards and Starwood Preferred Guest programs within a few years.

Their license agreement with Marriott International for access to hotel guests for marketing purposes is specific to the Marriott and Ritz Carlton hotel brands. VSE has a similar exclusivity to hotels that carry the Westin, Sheraton, St Regis, etc. brands.

They are not sure how it will all sort out, but believe they can find a middle ground that will respect the two exclusive agreements and be a win-win for all parties.
Click to expand...
 
DavidnRobin

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'Win-Win' :hysterical:
except for their customers
 
Helios

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Helios

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triangulum33 said:
Isn't it a good thing that we have a larger pool of hotels? Or is the concern that it devalues what we own?



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Click to expand...

I think we (SPG) get more hotels with unfavorable redemption rates and low points gained via stays paired with low perks for loyal customers.

Also, think about the SPG bad things that are coming because of this.

I think David is right. This is good for MR who will get additional (nicer that the average place when you compare properties as close to an apples to apples scenario) properties.

YMMV
 
DavidnRobin

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triangulum33 said:
Isn't it a good thing that we have a larger pool of hotels? Or is the concern that it devalues what we own?
Click to expand...

The increase in diversity is likely the only benefit - but at what cost, and is that going to increase value, or decrease/neutral?
I would be ecstatic for decrease/neutral, but likely the former based on corporate histories. Thus, the win-win for them as they will control a huge percentage of hotels with Brand power.

Priority order:
Corp bonds
Preferred shares
Ordinary shares
Corp board salaries
Customer
 
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