Can I get the executive summary of HGV Max

[jehb2]

Has someone on TUG briefly summarized HGV Max. I don’t want to read the HGVC version. I know they’re just going to dress it up and make it pretty. I’ve read the long “Opt In” thread but I feel like I missed the first half of a discussion. Thanks.

 

[dayooper]

Has someone on TUG briefly summarized HGV Max. I don’t want to read the HGVC version. I know they’re just going to dress it up and make it pretty. I’ve read the long “Opt In” thread but I feel like I missed the first half of a discussion. Thanks.

HGV now consists of two parts; HGVC/Hilton Club and HVC (former Diamond resorts). The simplest way to describe Max is it’s a new membership that allows members to book the other side of the company at 6 month. As an HGVC Max member, you can book any of the rebranded HVC resorts at 6 months. There are other perks like free club booking (no fees) and discounts when booking in open season/ Hilton Hotels (10% for those). At one point there were loyalty searches, but I think they may have removed them.

 

[jehb2]

Okay, thanks. I think it would make sense if I posted subsequent questions on the Opt In thread.

 

[drucifer]

HGV now consists of two parts; HGVC/Hilton Club and HVC (former Diamond resorts). The simplest way to describe Max is it’s a new membership that allows members to book the other side of the company at 6 month. As an HGVC Max member, you can book any of the rebranded HVC resorts at 6 months. There are other perks like free club booking (no fees) and discounts when booking in open season/ Hilton Hotels (10% for those). At one point there were loyalty searches, but I think they may have removed them.

Nicely done. Succinct with all the key points.

 

[escanoe]

Nicely done. Succinct with all the key points.

Agreed. In what is a weedsy and speculative topic to address.

 

[holdaer]

Plus, we are waiting to see which side of the ledger former Embarc resorts will land.

Based on how HGV Max works, it makes sense that Embarc resorts will land on the HGVC side of the ledger.

However, that is still to be determined.

 

[dayooper]

Plus, we are waiting to see which side of the ledger former Embarc resorts will land.

Based on how HGV Max works, it makes sense that Embarc resorts will land on the HGVC side of the ledger.

However, that is still to be determined.

If they are on any ledger at all.

 

[Zenichiro]

A few Embarc are already listed on Hilton.com some like Whistler are available to book. At least two are loaded onto HGVC.com, not available to book.

 

[pedro47]

HGV now consists of two parts; HGVC/Hilton Club and HVC (former Diamond resorts). The simplest way to describe Max is it’s a new membership that allows members to book the other side of the company at 6 month. As an HGVC Max member, you can book any of the rebranded HVC resorts at 6 months. There are other perks like free club booking (no fees) and discounts when booking in open season/ Hilton Hotels (10% for those). At one point there were loyalty searches, but I think they may have removed them.

Great summary.

 

[zjhasan1976]

Great summary.

The Embarc resorts have undergone several ownership changes over the years - Intrawest, then Embarc, then DRI, then Apollo. They used to have an association with HGV way back. They are generally nice locations and decent resorts so Hilton may keep them or package them off down the road.

 

[drucifer]

The Embarc resorts have undergone several ownership changes over the years - Intrawest, then Embarc, then DRI, then Apollo. They used to have an association with HGV way back. They are generally nice locations and decent resorts so Hilton may keep them or package them off down the road.

I wouldn't be surprised if Embarc is in neither HGV or HGVC but are bookable only to Max member. On the flip side, I wouldn't be surprised if Embarc members are given Max for free or a very low cost to create needed Embarc inventory.

 

[zjhasan1976]

I wouldn't be surprised if Embarc is in neither HGV or HGVC but are bookable only to Max member. On the flip side, I wouldn't be surprised if Embarc members are given Max for free or a very low cost to create needed Embarc inventory.

Could be. I have a few friends who have been members since the Intrawest days and rode the whole Embarc to DRI to Apollo to Hilton ride. Last I heard, they haven't been given any details about anything either. I do know that their MFs are much lower (and in Canadian dollars) so not sure if they will be forced to increase their MFs or pay club dues.

 

[GT75]

I wouldn't be surprised if Embarc is in neither HGV or HGVC but are bookable only to Max member. On the flip side, I wouldn't be surprised if Embarc members are given Max for free or a very low cost to create needed Embarc inventory.

We already know that it will be HGVC, but that doesn't mean that Embarc can book HGVC nor HGVC can book Embarc. It is a branding name change only.

 

[escanoe]

We already know that it will be HGVC, but that doesn't mean that Embarc can book HGVC nor HGVC can book Embarc. It is a branding name change only.

This is true. It is also bound to create tons of confusion (if they are branded the same but remain an island). I wonder if that is viable in the long term.

 

[CalGalTraveler]

Given the current branding word salad - (HGV, HGVC, HVC, bHC, Club, The Club, A Hilton Club, by Hilton Club) I do not think they care if adding Embarc causes confusion as long as their reps can show all the locations on the website to make a sale.

Isn't Wyndham in a bunch of pieces as well?

 

[dayooper]

Given the current branding word salad - (HGV, HGVC, HVC, bHC, Club, The Club, A Hilton Club, by Hilton Club) I do not think they care if adding Embarc causes confusion as long as their reps can show all the locations on the website to make a sale.

Isn't Wyndham in a bunch of pieces as well?

This 100 times over.

 

[Talent312]

My summary of Max...
(1) Dilute HGV, Inc., stock by $1.4B to acquire DRI (HCV).
-- Making HGV, Inc. less of a hostile takeover target.
(2) Make more $$ by selling cross-booking, as if it's special.
-- But limit booking to 6 months out, so only dregs are left.

... This instead of building/acquiring more HGVC resorts.
.

 

[CalGalTraveler]

(2) Make more $$ by selling cross-booking, as if it's special.
-- But limit booking to 6 months out, so only dregs are left.

... This instead of building/acquiring more HGVC resorts.
.

Good summary. I prefer the 6-month option over MVCs Abound which cuts into the 12 month homeweek deed rights. Be careful what you wish for.

The trend in the industry (HVC, MVC, others?) is to:

1) Move to points trusts from deeded weeks to deposit mud weeks and to avoid state deed foreclosure laws because trusts are multi-state.
2) Avoid building/acquiring more resorts.

New industry business model:

1. Sell points trusts at high price
2. Drive the value down to rock bottom by oversaturating the market. limiting resale benefits
3. ROFR or deed back for minimal $.
4. Sell again at high price to next buyer.
5. Lather, Rinse points, Repeat.

How long do you think this house of cards will last?

 

[cd5]

Plus, we are waiting to see which side of the ledger former Embarc resorts will land.

Based on how HGV Max works, it makes sense that Embarc resorts will land on the HGVC side of the ledger.

However, that is still to be determined.

They're on the HGVC side - that is guaranteed given that 4 out of the 9 resorts have already been rebranded (others to come shortly). Embarc is in its own "collection" and due to the governance documents in place, access will certainly be through HGV Max only, and only for units made available through exchanges by Embarc members within Max, or with the developer's points. Just like they were available in Dex or Interval the same way. 6 month access likely means no peak or holiday time available as the Embarc points are 94% sold and its already difficult for Embarc members to get those weeks themselves unless they book 11 months out (maximum lead time permitted)

 

[GT75]

Good summary. I prefer the 6-month option over MVCs Abound which cuts into the 12 month homeweek deed rights. Be careful what you wish for.

Wow, excellent point. I certainly wouldn’t want the cross-booking windows to be more(this also make a easy reason why not to join Max). The former DRI members have also made a good point, “not many on the DRI side will be joining HGV Max”. So maybe HGVC will be freeing up points starting at 6-month window.

 

[dayooper]

Wow, excellent point. I certainly wouldn’t want the cross-booking windows to be more(this also make a easy reason why not to join Max). The former DRI members have also made a good point, “not many on the DRI side will be joining HGV Max”. So maybe HGVC will be freeing up points starting at 6-month window.

Yup, Max just might open up a 6 month window with HGVC resorts as people change their bookings to DRI resorts.

 

[escanoe]

Wow, excellent point. I certainly wouldn’t want the cross-booking windows to be more(this also make a easy reason why not to join Max). The former DRI members have also made a good point, “not many on the DRI side will be joining HGV Max”. So maybe HGVC will be freeing up points starting at 6-month window.

Yup, Max just might open up a 6 month window with HGVC resorts as people change their bookings to DRI resorts.

I was thinking what you fellas were. But if this chart from a post over on the DRI board by @youppi is right that 16.5% of all points in the HGV Hawaii Collection are already in HGV Max as of earlier this year .... I am not going to dismiss the possibility of HGVC taking some incoming through MAX. (I know the Hawaii Collection is far from the whole show -- but to me this takes away from the "there is 0 DRI owner interest in Max" argument.)

 

[CalGalTraveler]

@escanoe great observation. What I find odd about this chart is if MAX is truly an exchange, then no deeds would be in MAX. Did they set up a MAX trust?

Not sure what to make of this. Is there an equivalent on the HGVC side with Elite vs. MAX?

 

[escanoe]

@escanoe great observation. What I find odd about this chart is if MAX is truly an exchange, then no deeds would be in MAX. Did they set up a MAX trust?

Not sure what to make of this. Is there an equivalent on the HGVC side with Elite vs. MAX?

Those are not different trusts. The Hawaii Collection is a single trust. The chart breaks down the HI Collection trust by loyalty/elite status categories, and there is one bucket for all of HGV Max in that breakdown (HGV Max may be a type of exchange, but it is certainly not a trust at this point). Or that is how I read the chart.

 

[escanoe]

Given the current branding word salad - (HGV, HGVC, HVC, bHC, Club, The Club, A Hilton Club, by Hilton Club) I do not think they care if adding Embarc causes confusion as long as their reps can show all the locations on the website to make a sale.

Isn't Wyndham in a bunch of pieces as well?

Yes .... but. Many of the subtle (and confusing) naming differences within HVC were created to distinguish slightly different collections. I think they will need to do the same with Embarc eventually rather than just label it HGVC -- especially if MAX is its only trading connection to HGVC.

Maybe call it "HGVC disEmbarced"????