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"7VC" Rate Cheaper than MF One Year Away

destinio

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I'm both excited and disappointed to discover that I can now book any night between 12/22/2018-12/31/2018 at Lakeshore Reserve at a cash rate (using code "7VC") mostly lower than the MF I would otherwise pay for the MVC Points needed for the same dates. Even better, there is no minimum 7-night requirement, and the cash rate is the same for Christmas Eve or New Year's Eve as for other days in those high-demand weeks. So I booked a week at equivalent of $0.50/pt for a week.

Of course, as a Points owner I see more unit types available at the owner's website than at marriott.com. However, for the unit type that exists on both systems, this lower cash rate just doesn't make sense. I also understand their cash rate can fluctuate and rise higher later, while MVC point rates are fixed, but the inventory on the owner's side can be gone too.

How is Marriott managing its inventory? Anyone knows?
 

dioxide45

TUG Review Crew: Expert
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Marriott Harbour Lake
Sheraton Vistana Villages
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Inventory you see show up online can come from several sources. First it may be inventory that is owned by MVC. They rent it out to cover the MFs that they have to pay for that inventory. It can also come from inventory that owners have converted for MR points. When an owner converts their week to MR points, MVC then tries to rent that inventory out to monetize it in order to pay for the MR points that it had to buy from Marriott Rewards.

That week, while it costs 4,000 DC points for a week in a standard 2BR which would be $2000 at $0.50 per point, the MFs are only about $1800. MVC's cost on the MR points that it has to put out when an owner converts their week to points may only be about $1000-$1200. So they are still making a profit on that week when they rent it for less than the equivalent DC points cost.
 

destinio

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Thanks for the explanation. I now understand MVC's perspective in their operation. Still, it's disappointing that Owners do not have the lowest-cost option. Anyway, the cash-rate inventory seemed really small and is already all gone for both 2Br and 3Br units.

Inventory you see show up online can come from several sources. First it may be inventory that is owned by MVC. They rent it out to cover the MFs that they have to pay for that inventory. It can also come from inventory that owners have converted for MR points. When an owner converts their week to MR points, MVC then tries to rent that inventory out to monetize it in order to pay for the MR points that it had to buy from Marriott Rewards.

That week, while it costs 4,000 DC points for a week in a standard 2BR which would be $2000 at $0.50 per point, the MFs are only about $1800. MVC's cost on the MR points that it has to put out when an owner converts their week to points may only be about $1000-$1200. So they are still making a profit on that week when they rent it for less than the equivalent DC points cost.
 

Fasttr

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Thanks for the explanation. I now understand MVC's perspective in their operation. Still, it's disappointing that Owners do not have the lowest-cost option. Anyway, the cash-rate inventory seemed really small and is already all gone for both 2Br and 3Br units.
It is sort of a circular reference.... had you not been an owner, you could not have gotten the owners rate that you are complaining is a better rate than owning.
 

Saintsfanfl

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The cash rates have to be based on demand while our maintenance fees are based on actual cost+. Orlando also has steep competition and is a bargain destination rather than luxury. It keeps rates fairly low.
 

davidvel

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Marriott Shadow Ridge (Villages)
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It is sort of a circular reference.... had you not been an owner, you could not have gotten the owners rate that you are complaining is a better rate than owning.
I agree. Owners are getting the "best rate" by using the owner's 7VC (or other) code.

It seems the OP wants MVC to lower the MF to match the marriott.com rates. Makes no sense to me.
 

rsackett

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I have different viewpoint for the resort I own, Harbour Point on Hilton Head. I own a week 26, most often the 4th of July week. Marriott is sold out for that week but is renting the week of July 14th for $3,255 using the "Marriott Rewards Member Rate". My maintenance fees is about $1400, and 1250 MVC points are required to reserve so 1250 x $0.50= $650 reserve, using the points program. If I was enrolled in the MVC Points program I would be getting too few points for my resort, in my opinion. This is why I will never enroll my week. (that and the fact that I bought my current week post 2010)
 
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Saintsfanfl

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I have different viewpoint for the resort I own, Harbour Point on Hilton Head. I own a week 26, most often the 4th of July week. Marriott is sold out for that week but is renting the week of July 14th for $3,255 using the "Marriott Rewards Member Rate". My maintenance fees is about $1400, and 1250 MVC points are required to reserve so 1250 x $0.50= $650 reserve, using the points program. If I was enrolled in the MVC Points program I would be getting too few points for my resort, in my opinion. This is why I will never enroll my week. (that and the fact that I bought my current week post 2010)

It is actually 1225 points to book. It is crazy how cheap it is compared to some of the others. Grande Ocean is 4500.
 
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