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Ebay has been averaging $2 a point plus all the Marriott junk fees. A buyer must pay Marriott to transfer resale points. It would seem, letting Marriott buy back your points might be the way to go, I am not a Marriott owner or expert, others on here will set you in the right direction.
We just bought 1500 points for a bit less than $3 per point. If you could get $3 for your points, it might be worth the effort. I'm not looking forward to the day when we'll be looking to sell our points.
I'd also recommend Redweek. The problem with selling points now is that since 2019 Marriott charges a $3/point enrollment fee, instead of $2 as it had been since the start of points. That means someone who buys your points for $3 actually has to pay $6 in total to use the points at all, so you are basically asking a resale buyer to fork over $39K (not including any additional closing/escrow/etc fees).
Essentially Marriott completely annihilated any resale value for points... and they likely will continue a march toward $4/point, $5/point, etc to wipe out what's left of any perceived value of resale whatsoever. Marriott does NOT want points owners to be able to recoup anything.
You'll have much better luck using the Redweek verification process and perhaps also selling your points off in chunks of various sizes. No one is going to spend $40K without complete verification.
If you need a reseller, I'd recommend Wally A(kuna) Timeshare Resales Hawaii. Honest to a fault. We've used for buying and selling multiple times.
I was thinking the same thing. A guaranteed offer of $2.20/point may be better than rolling the dice and trying to get $3.50 or $4.00 since points tend to be harder to resell than weeks.
We just bought 1500 points for a bit less than $3 per point. If you could get $3 for your points, it might be worth the effort. I'm not looking forward to the day when we'll be looking to sell our points.
When that day comes you will probably have to pay someone to take them. Considering weeks based maintenance fees started at around $300-$400, can you imagine what the fees will be on points in 10-20 years? Insanity...
When that day comes you will probably have to pay someone to take them. Considering weeks based maintenance fees started at around $300-$400, can you imagine what the fees will be on points in 10-20 years? Insanity...
You could equally say imagine what hotel rates will be in 10-20 years. Maintenance fees aren't the only things that go up over time. We paid around $200/night in 1992 for oceanview/front luxury hotel rooms in Hawaii. Those same rooms are $500-$600 today.
You could equally say imagine what hotel rates will be in 10-20 years. Maintenance fees aren't the only things that go up over time. We paid around $200/night in 1992 for oceanview/front luxury hotel rooms in Hawaii. Those same rooms are $500-$600 today.
I agree in principal but the problem with timeshare vs hotel inflation is there is a for profit entity that owns the hotel and makes the revenue and cost decisions. They have an incentive to adjust to the market in good times and bad. Timeshare expenses on the other hand are largely not controlled by the owners. By the nature of the operation there really can't be a maintenance fee reduction during bad years, unless there is somehow actual deflation.
I agree in principal but the problem with timeshare vs hotel inflation is there is a for profit entity that owns the hotel and makes the revenue and cost decisions. They have an incentive to adjust to the market in good times and bad. Timeshare expenses on the other hand are largely not controlled by the owners. By the nature of the operation there really can't be a maintenance fee reduction during bad years, unless there is somehow actual deflation.
True, but as someone pointed out in another thread, while timeshare maintenance fees can't really go down in bad times like hotel rates do, they also may not go up as fast as hotel rates do during good times. It can work both ways. More predictability, maybe?
True, but as someone pointed out in another thread, while timeshare maintenance fees can't really go down in bad times like hotel rates do, they also may not go up as fast as hotel rates do during good times. I can work both ways. More predictability, maybe?
Very true.
For our resort MFs, they have never gone down but also they have never gone up as high as hotel rates in some years.
The current hotel rate rise is not very different from our current MF rate rise, when averaged out across all of our home resort weeks.
Very true.
For our resort MFs, they have never gone down but also they have never gone up as high as hotel rates in some years.
The current hotel rate rise is not very different from our current MF rate rise, when averaged out across all of our home resort weeks.
Interesting chart for a numbers geek like me...I wish that chart went back through the 2007-2009 financial crisis, when I'm sure rates dropped precipitously. I bet the big increases in 2010-2011 are the response to those drops, with the hoteliers trying to re-normalize rates as the world economy began to recover. This looks like a perfect example of how hotel rates go up in good/improving times at a much faster rate than do maintenance fees/expense-based costs. The rate-of-change of economic growth is often at its highest right after the economy reverses from negative growth to positive growth, so this shows how market-based prices can react.
I interpret the dip in 2012-13 as the response to the almost double dip recession, and in some parts of the world it was more than "almost" (these are obviously international stats). While the U.S. economic growth has recovered more assertively over the last four years or so, our 2%-3% growth is still not a "boom" by historic standards - and much of the rest of the developed world's growth is still even more anemic. As a result, modest, steady growth in hotel rates would be expected. A true boom would probably result in numbers closer to the 2010-11 numbers on the chart.
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