This is a very interesting conversation. I will chime in as a long time 4 bedroom residence owner with some thoughts.
1. Vidanta has always believed in a model of stratification. Anyone staying on the resort in accommodations other than the Luxxe cannot use the Luxxe only pools, gyms, restaurants, etc. So, the precedent is there to differentiate between guests. It is not surprising that they operate according to a similar strategy with exchangers. The companies main focus is getting someone to attend a presentation. Once at the presentations, according to Vida's numbers (and I have absolutely no way to know if these are accurate), they close better the two thirds of the time. So, if by waiving the exchange fees to get another body to the presentation and then can close 2/3rds of those folks, that is big numbers. (my own opinion is this harms the resort long term because of the negative publicity this receives on EVERY message board and review site).
2. Vidanta has always allowed owners to negotiate various aspects of their contracts upon purchase. So, there is also a variety of owners, within the same unit type, who have very different access to perks, amenities, benefits, and even the dollar amount of maintenance fees. I am told this will no longer be the case going forward as Vida Vacations is resetting the process to try to make the future contracts as uniform as possible.
3. Selfishly, as an owner I want to be assured that I will have guaranteed access to everything that I was promised. I don't want to have to fight with exchangers/guests for chairs at the platinum area of the pools, for the beach club, for restaurant reservations. Vidanta has a huge inherent conflict that I have no idea how to resolve. You have owners that have paid literally hundreds of thousands of dollars for contracts (I don't care about the maintenance fee, the cost of the contract is what matters to the owners) to use the resort. So, Vidanta would like to please these owners. BUT, Vida Vacations needs to sell more contracts. The only way to sell more contracts is to generate more prospects. The only way to generate more prospects is to get folks to the resort who do not already own contracts - exchanges, conferences, theme park, Cirque du Soleil, Hakkassan, etc, etc. But, you have the tension between these two competing constituencies that is constantly present.
4. I post my weeks for rent on the various vacation share sites and have had good success renting out weeks, particularly during high season. It is a bit difficult given the time frame for when people generally book vacations (shorter term) and when you must reserve a week with Vidanta to make sure you get the inventory (one year). There are some owners who rent out for ridiculously low prices which is impacting the rental by owner market. But, there IS a market for very high end rentals - particularly in the highest end Vida inventory.
5. Reservations - this is a MASSIVE issue for the contract owners. It is impossible to get a clear answer from Vidanta or Vida Vacations. It is become incredibly difficult for owners to obtain weeks for their own use. There are many reasons for this lack of inventory, but I would speculate that a significant issue is the developer reserving the inventory for their own use - exchanges, conferences, promotions, etc. Again, a tension between existing owners and the sales operations.
6. New policies - I think we will see new policies over the next year or two. Both related to improving Vidanta's reputation and image among its current owners (can't bite the hand that feeds you) and as the park comes online. Vidanta is expecting more than 1 million annual visitors when phase 1 of the park opens. That will at least double, according to their projections, when the whole park is complete. Further, there will be a Hakkassan project in both Nuevo and Riviera, following the launch earlier this year in Cabo. These mega projects will bring in large, large numbers of people who are also sales prospects. I have been told that owners will really see some tangible improvements to their reservation and overall experience. This is critical at a moment where hundreds of thousands or possibly even millions more people will be coming through the resort annually.
7. Park - It makes sense according to the post above that there is nothing scheduled after the projected completion date of the park. I would imagine this development is going to change the whole dynamic of Vidanta and Vida Vacations. We will see.
8. Some advice - we have never taken advantage of an exchange OUT of Vidanta and into another resort. In the 4 bed we have access to essentially every exchange company: Elite Allliance, Registry, SFX, Vida Lifestyle, and sites like Third Home. If anyone can share insight, or perhaps point me to a relevant thread, about maximizing/optimizing an exchange out of Vida that would be great.
Feel free to ask me anything. I tend to be a bit cautious about sharing info that I learn from Vida, but will be as forthcoming as possible.