I was pointing this out in case others haven’t noticed it yet. I’m skeptical that platforms like RedWeek, Oaktree Capital, Apollo, and Koala are truly acting in owners’ best interests. Maybe I overanalyze the fine print.
It’s also worth noting that the former MVC CEO has repeatedly stated that the resale of weeks undermines the business and that the company has been “working to curb third-party rental activity.” At the same time, HGV and DVC have introduced increasingly strong language aimed at restricting the sale of weeks. Taken together, it suggests that more changes could be coming.
Of course, leadership shifts can matter. With a former Diamond executive now serving as Marriott’s CEO, it’s possible the strategy could change. (Tongue in cheek) Still, it raises questions. Could we eventually see a buyout? Or might third-party platforms like RedWeek or Koala monetize owner data by selling it to these larger companies?
None of this is certain, but it’s worth paying attention to.