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Marriott/Vistana overlay

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by GregT, Feb 20, 2019.

  1. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    When Wyndham bought Shell and Worldmark, they didn't combine programs at all. They pretty much all operate independently. They do have a limited cross booking feature, but only available to certain VIPs that bought direct.
     
    SteelerGal and CPNY like this.
  2. bizaro86

    bizaro86 TUG Member

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    Wyndham is now offering Shell owners the chance to get full club Wyndham access with a new purchase or a conversion fee (seems to be $2950)
     
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  3. ocdb8r

    ocdb8r TUG Member

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    I've been reading through and giving my thoughts in both threads (the one here on the SVN Board and the one over on MVC) and wanted to cross-post (apologies if this is a big no-no, but I thought ok in this case) my thoughts on how I think things might play out.

    What MVC could do is:

    1) for SVN trust flex Option owners, they use a different fixed exchange rate for each of the various flexOptions programs - say for Westin Flex you get 0.04 DC points for every Westin flexOption; for Sheraton Flex you get 0.03 DC points for every flexOption and for Westin Aventuras you get (who knows....perhaps 0.04, I have no idea how MVC will value Mexico). This doesn't solve the inherent mismatch between Maui and AZ/CA desert weeks within the Westin flex...but that is the worst of the issues and perhaps with some sort of skim MVC can manage it. I think the mismatches between resort demand in the other trusts is much smaller.

    2) for SVN weeks owners, they offer an option to enroll in the DC with your week being set at a fixed DC point value (completely unrelated to the SVN StarOptions value and based closer to similar MVC resort values), basically the same as what they did with MVC weeks owners when they launched the program. Yes, weeks owners will see a mismatch between the value ascribed compared to (1) above, but I think MVC could explain it away. Likely more in demand weeks/resorts (Maui. ski weeks...etc) will end up with a value higher than the fixed rate above and less in demand weeks/resorts (Orlando, mud weeks...etc) will end up with a value lower than the fixed rate above. For non-trust resorts, they don't have a true way to compare...and most of these are likely to be in demand resorts which would get a decent DC point value offered.

    I think the most marginalized in the above approach would be Platinum desert week owners (both CA and AZ) who would likely not receive nearly the same rate of DC points as Platinum Maui week owners (where in SVN they are on par). However, this may be as good as can get and I suspect it marginalizes the smallest group of SVN owners. MVC had to contend with some of the same concerns when they launched the DC program as many low value week owners were regularly getting high value trades in II. While there was a lot of smoke the first year or so, over time things have settled down and most MVC owners have come to find value in the DC program.

    Taken together, this approach also helps minimize the inherent mismatch in the SVN trusts. If they get enough weeks owners on board, the trusts stay a relatively small portion of the overall DC-SVN interaction and (2) above pulls the whole system closer to being on par with relative MVC resort DC point values.

    ONE silver lining in all of this that I hope is in MVC's mind and may provide a tiny buffer. The one clear advantage SVN desert weeks (and most SVN mainland resort weeks) has over similarly situated MVC properties is that our properties lock-off into two 1-bedrooms. This should justify a bit of a premium in DC point value over MVC resorts and narrow the mismatch a bit.
     
    bizaro86, GregT and CPNY like this.
  4. CPNY

    CPNY TUG Member

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    Great points. I do think the programs will operate along side each other and there’s will Be some sort of access given/granted/or paid for by some. As I've said all along, as long as I keep my star option booking at 8 months in the VSN booking and that trust is separate from others I’ll be quite ok with that. Personally, I have 2-3 of my favorite resorts and that’s all I’m interested in.
     
  5. CPNY

    CPNY TUG Member

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    Maybe I should have held onto my developer purchase a bit longer lol. I’ll always have my mothers and aunts to fall back on if you need a developer purchase to play In the cross booking game. I truly hope they keep them separate with a cross booking feature. I think a minimal buy in to enroll each VOI into an affiliate exchange using II platform plus an exchange fee could be a good option. It’s a constant money maker on every booking for years to come. It wouldn’t require much change and it could be an upgrade at the POS on Sales presentations for new buyers. Makes it fair for all owners. They can assign “behind closed doors” points to VOI’s in the platform. You’ll see inventory based on what you’re putting in. Creates less angry owners who feel they are getting shafted on a More difficult conversion chart from SO to DC. But I’m still learning.
     
  6. SteelerGal

    SteelerGal TUG Member

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    After reading a thread on the Hyatt Board, I am seeing that Hyatt is only offering a hybrid program that requires the purchase of points. Very similar to MVCs current program.
     
  7. bobpark56

    bobpark56 TUG Review Crew: Expert TUG Member

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    Hmmm....We have one enrolled Marriott unit (they enrolled us for free) and 5 Vistana units. Would this mean we would already be enrolled in the scenario you describe? Sounds like it might be a good deal for us.
     
    Ken555 likes this.
  8. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    If they manage it anything like they did for European or AP weeks, they would charge you the difference between what it cost to enroll one week and what it is to enroll two or more. Many that enrolled a single US resort were able to enroll their subsequent European weeks for only $100 or $500 (depending on if they were direct purchase or external resale). If you already had two enrolled Marriott weeks, adding additional weeks would be no additional cost.

    This is all a big guess though based on how they handled it in DC.
     
  9. jabberwocky

    jabberwocky TUG Member

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    I'm not sure I see the value proposition for me to enrol in the MVC system if/when the integration does occur. I have looked at picking up a resale DC package on eBay, but when I take a look at the points chart I get sticker shock. For example, the MF's (at $0.58/point) required to book a 2BR OF at MOC would run around $5k/year during the times we would need to travel. I can get essentially the same thing just down the road at WKORV for about half the cost?

    The only real advantage I can see to having access to the DC system is more resorts. Sure you get a whole bunch of additional resorts (and they are good quality), but realistically with 25-30 years max left for timesharing/travel in my life; how much choice do I need, especially when we tend to prefer going to our favourite resorts?
     
  10. vacationtime1

    vacationtime1 Tug Review Crew: Rookie TUG Member

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    And that doesn’t include the upfront cost which would be about $50,000 if purchased resale.
     
  11. andysnovel

    andysnovel TUG Member

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    I have nothing to lose but wait to see how much it will cost to translate my Vistana SO into the new combined Marriott System.
     
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  12. Helios

    Helios TUG Member

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    That’s my thinking. Hopefully it happens at a reasonable cost.
     
  13. alohakevin

    alohakevin TUG Member

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    Curious how they would define status if programs are combined. If you are select in Marriott and 3* in Vistana if you were to convert options to Mvc does your level go up or vice versa. I find this merger somewhat confusing so if this question is as well my apologies ahead of time.
     
  14. JIMinNC

    JIMinNC TUG Member

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    HGVC at Sea World
    Based on last Friday's Investor Day presentation at the New York Stock Exchange, they are developing a "common points currency" to "link usage by owners of [all] brands in a seamless fashion" by late 2020. As a result, I would expect future status might be determined by this new common points currency, whatever it turns out to be.

    See this thread for more details on the Investor Day https://tugbbs.com/forums/index.php...e-investor-day-presentation-october-4.296151/
     
  15. Henry M.

    Henry M. TUG Member

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    Just got a call from Vistana corporate trying to get me to chance my ownership", basically trying to sell me some flex options. The rep claimed going forward that is all that Vistana will be selling.

    As part of the introduction, he said they'd be rolling out phase 1 of the integration with Marriott in 2020, to allow using options for 2021 reservations across all 6 Marriott brands (he had to think about what all the brands were, but ended up mentioning Marriott, Sheraton, Westin, Ritz-Carlton, St. Regis and Gaylord - not Sur he really knew). Mentioned a Cap White program where Marriott was continuing to acquire distressed properties, was bringing them up to standards and adding them to the program. He said there was one in Costa Rica and one in New York City that he had heard of. He mentioned how Flex options trolled out at about 35 cents/option in 2016 and were now about 20% higher at about 41 cents/option, and that Marriott options were much higher. They were currently working on getting a common point "currency"that should work across all the brands.

    So something is definitely being announced next year, but he had no details of what it would entail or what the costs would be. He wasn't trying to get me to convert my current ownership, but said they were offering discounts to Elite owners to help them get more options before the full program rolled out. The options would all be part of the Fee program. He mentioned an example of someone that bought a Christmas week at Nanea and they were able to offer them a 20% discount, the the owner took as a cash discount, but could have also been additional Flex options.
     
  16. DannyTS

    DannyTS TUG Member

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    MVC is talking about a common currency (possibly DC points?) and it will be a conversion rate.
    Did he mention what kind of "options"? Home or Star?
     
  17. Henry M.

    Henry M. TUG Member

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    He said Flex options. Only Flex product would be sold going forward, aside from some weeks they get traded back in from time to time.
     
  18. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    The sixth brand is Grand Residence.
     
  19. DannyTS

    DannyTS TUG Member

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    I understand that they are selling Flex Options but that does not necessarily mean that the StarOptions would not be able to be converted into the common currency since even the Homeoptions that come with the Flex programs convert to Staroptions at 8 months
     
    Last edited: Oct 8, 2019
    SteelerGal likes this.
  20. jabberwocky

    jabberwocky TUG Member

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    I think they have "only" be selling Flex for awhile now (with the exception of Nanea; however, as of this summer they are no longer selling Nanea HomeOptions).

    This will probably be a true statement until the next product iteration comes out of the Marriott timeshare factory.
     
  21. jimandelise

    jimandelise Guest

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    I had a timeshare presentation at Harborside. There was no mention of flex points. It was buy more points and get the right to book here at 12 months ahead of all the Marriott owners when they get to book next year 2020.

    I informed him that as a chairman level, in Marriott I would get a 13 month booking window. His counter was that as an owner I get a pick of buildings and rooms (possible new perk?)

    But no mention of getting or needing flex points in the new Marriott program.
     
  22. DavidnRobin

    DavidnRobin TUG Member

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    Timeshare salesperson lips were moving...

    Let’s remember - they can’t reserve VOIs that they don’t own.


    Sent from my iPhone using Tapatalk
     
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