60% Points Adjustment (Merger Related)

[BingoBangoBongo]

On the HGVC website this am:

Points Adjustment for Club Members
On February 24, 2022, Hilton Grand Vacations is changing the number of Points allocated to a Club Member’s vacation ownership interest and the number of Points required to make a reservation.

• ClubPoints, Bonus Points & Saved Points: The adjustment will increase all Points by 60%. Therefore, for every 1 Point in a Club Member’s account, the account will change to 1.6 Points. Example: If on February 23, a Club Member had 5,000 ClubPoints, on February 24, the Member will have 8,000 ClubPoints.
• Club Reservations: The number of Points needed to make reservations will also be adjusted across the Club Program by the same 60%. Hence, a Member’s ability to make reservations using their Points within the Hilton Grand Vacations Club system stays the same.
• RCI: Currently deposited Points in RCI will also be adjusted on February 24, 2022.
• Hilton Honors: Honors conversion ratios will be adjusted proportionally so you receive a commensurate Points amount.
• ClubPartner Perks: The exchange value per Points converted for ClubPartner Perks will be adjusted proportionally for each partner.
• Maintenance Fees: The exchange value per Bonus Points for maintenance fees will be adjusted proportionally as well.

It looks like we need to relearn all of our purchase/pt and MF/pt math.

 

[buzglyd]

Inflation is everywhere.

 

[cindyc]

I suspect this is related to the merger with DRI, as the OP noted in their post title. 2 BR units in DRI resorts may be as low as 6000 points per week. With the plan to rebrand 6 DRI resorts into HVC by Q2 this seems timely.

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[BingoBangoBongo]

Inflation is everywhere.

Not sure if you're being sarcastic, but just in case someone takes you seriously this does not change the cost of anything. Points owned go up 60% and points required go up 60%. This is all about getting to a common point structure between Diamond and HGV.

 

[buzglyd]

Not sure if you're being sarcastic, but just in case someone takes you seriously this does not change the cost of anything. Points owned go up 60% and points required go up 60%. This is all about getting to a common point structure between Diamond and HGV.

If someone takes me seriously, I’ll just say there’s a first time for everything!

 

[SmithOp]

hmm, wonder how this will affect the ressie I am walking…


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[BingoBangoBongo]

If someone takes me seriously, I’ll just there’s a first time for everything!

I know too many people who would read what you wrote and believe that the cost of the program just went up 60%. Considering that TS sales reps are the masters of math manipulation this change will now have TS reps telling prospects they dropped the price per point with the "new" program.

 

[geist1223]

In HGVC are the Maintenance Fees by Point. If so then your Maintenance Fees are going up. This will also increase the cost for people thaat buy new.

 

[BingoBangoBongo]

hmm, wonder how this will affect the ressie I am walking…


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The FAQ's say that the reservation will be adjusted to the new points.

 

[BingoBangoBongo]

In HGVC are the Maintenance Fees by Point. If so then ykur Maintenance Fees are going up.

The MF's are per Location/Room type. The annual $ amount is driven by the HOA and that amount is not changing. The number of points is going up 60%, so in effect the MF per point is going down. My current MF/point is just under $.15 and will now be $.0933

 

[escanoe]

Sounds like an effort at trading currency harmonization as part of the DRI merger ... I take this as a sign there may be more properties more easily exchanged into not that far out.

 

[escanoe]

This is going to make a lot of our old TUG posts that reference point values and MFs/point ratios harder for newcomers to decipher in the future. @GT75

 

[buzglyd]

I suspect this is related to the merger with DRI, as the OP noted in their post title. 2 BR units in DRI resorts may be as low as 6000 points per week. With the plan to rebrand 6 DRI resorts into HVC by Q2 this seems timely.

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The initial rebrand would be the Former Club Intrawest resorts correct? Those seem most up to HGV standards. The Hawaii properties need some love. Cabo Azul fits but HGV is selling its own Cabo Property now so that might not make the cut in the beginning.

 

[bizaro86]

The initial rebrand would be the Former Club Intrawest resorts correct? Those seem most up to HGV standards. The Hawaii properties need some love. Cabo Azul fits but HGV is selling its own Cabo Property now so that might not make the cut in the beginning.

HGVC has never shied away from having more than one property in a destination (see for example Oahu, Vegas, Big Island, Carlsbad, SW Florida, NYC and Myrtle Beach).

Are the Intrawest properties currently bookable with Diamond points? This is obviously a move to go to a common currency, but Embarc points are more like 200 for a 2br for a week, so they will need an adjustment to the new currency as well.

 

[Sandy VDH]

Yeah, a 7000 point week is now 11200. Like that is really an easy number to remember. LOL.

My guess its that it will be 2 -3 years and a calculator before MY mind converts to the new point scheme.

 

[Sandy VDH]

HGVC has never shied away from having more than one property in a destination (see for example Oahu, Vegas, Big Island, Carlsbad, SW Florida, NYC and Myrtle Beach).

Hilton has sold multiple properties in Vegas, MB and CA at the same time. So yes I agree that may not be a limiting factor.

 

[Talent312]

Why not restructure DRI points to line up with "ours?"
IMO. they should be the ones having to learn new math.

Now, I need to add more formulas to my spreadsheets.
.
.

.

 

[pedro47]

Does DRI have more Club members than HGVC Club members ?

 

[cindyc]

Are the Intrawest properties currently bookable with Diamond points? This is obviously a move to go to a common currency, but Embarc points are more like 200 for a 2br for a week, so they will need an adjustment to the new currency as well.

Embarc resorts are not yet visible in HGVC platform. But there was an earlier thread and Embarc owners weighed in that ALL of those resorts will be rebranded as HGVC.

*Any Embarc owners have an update to share on this??*

The other 6 DRI resorts they are folding in during Q2 will be a 3rd tier - literally and figuratively I suspect-- brand called Hilton Vacation Club (HVC). Because that's so easily distinguishable from HGVC. ; )

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[dioxide45]

hmm, wonder how this will affect the ressie I am walking…


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Will you still be walking the reservation on February 24th?

 

[jzchen]

We currently get 6300 pts per year. 6300 * 1.6 = 10080. Hey, that's elite????

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[Intheknow]

We currently get 6300 pts per year. 6300 * 1.6 = 10080. Hey, that's elite????

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No that's not Elite. See the FAQ's about how this works with Elite.

 

[dioxide45]

So are these new point levels more in line with what DRI charges for similar units of the same size and time of year? I suspect it was easier to change the HGV point levels given that there is no underlying trusts with units and points declared like DRI has.

 

[HuskerATL]

Just received an email from HGVC on this:
Why is Hilton Grand Vacations making the Points adjustment?
Soon after our acquisition of Diamond Resorts, we conducted an analysis of all Club programs. The analysis determined that adjusting ClubPoints, Saved Points and Bonus Points up by 60% creates one consistent, simplified Points scale. This is necessary to operate a centralized reservation system that will give Members a seamless booking experience, as well as set the groundwork for a future membership offering that will provide access to more properties in new markets (once details are finalized, including program costs and fees, we’ll share these with you).

What does this mean to you?
Your timeshare ownership interest and access rights remain the same — you’ll be able to make a reservation at a Hilton Grand Vacations property as you do now. Additionally, all ClubPoints allocations and requirements are being adjusted equally. Hence, your ability to make reservations using your Points stays the same.

Will this impact Hilton Honors Points conversions and ClubPartner Perks?
Hilton Honors Points conversions will be proportionally adjusted so you receive a commensurate number of Points. The dollar amount per Points converted for ClubPartner Perks also will be adjusted proportionally for each partner.

How can I learn more?
We’ve created an online learning path to help you learn more. Visit my.hgv.com/points-adjustment to:

 

[SmithOp]

Will you still be walking the reservation on February 24th?

maybe, I need thanksgiving week, it's going to be a tough get.

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