2023 MF's Discussion Thread

[dioxide45]

Has the Trust not reported maintenance fees on DC/Abound Club Points yet for 2023? I thought they usually come out much earlier than any weeks ever do.

 

[kozykritter]

Has the Trust not reported maintenance fees on DC/Abound Club Points yet for 2023? I thought they usually come out much earlier than any weeks ever do.

Their meeting to approve the 2023 budget for the trust was Sept 8th but I have no idea how to find the outcome.

 

[dioxide45]

Their meeting to approve the 2023 budget for the trust was Sept 8th but I have no idea how to find the outcome.

Thanks. I always thought they came out super early. I know Vistana sent out bills for the Flex trusts back in August or early Sept. Looking at 2021, it wasn't reported for DC points until early December. So I guess I was wrong on my thinking about how early they send out the MF bill on points.

 

[kozykritter]

Thanks. I always thought they came out super early. I know Vistana sent out bills for the Flex trusts back in August or early Sept. Looking at 2021, it wasn't reported for DC points until early December. So I guess I was wrong on my thinking about how early they send out the MF bill on points.

They can take their time as far as I'm concerned Proposed trust budget with fully funded reserves would result in 72 cents pp. Sample budget they included with reduced reserves was 68.3 cents pp. I hear they usually go for the reduced reserves. Not sure if there are minutes online anywhere to know the outcome of the meeting.

 

[VacationForever]

In the other thread, it listed that club dues remain the same as current year. I haven't seen those in my account yet. I would assume that would be the last thing that would be released, i.e. after Abound "merger" is implemented.

 

[Fasttr]

In the other thread, it listed that club dues remain the same as current year. I haven't seen those in my account yet. I would assume that would be the last thing that would be released, i.e. after Abound "merger" is implemented.

I believe the proposed budget had the Dues going up $15 for 2023.

 

[SueDonJ]

In the other thread, it listed that club dues remain the same as current year. I haven't seen those in my account yet. I would assume that would be the last thing that would be released, i.e. after Abound "merger" is implemented.

That's just my poor edit/copy/paste of last year's MF's thread first post. It's blank in the current sticky thread now and will be updated when the first official notice of the approved fees is posted.

I don't know why you'd expect them to delay releasing the 2023 Club Dues fee until the Vistana resorts are finally integrated, though, because for Marriott Abound members the change is simply a name change. Adding Vistana resorts is effectively no different for us than any of the new resort additions have been over the years.

 

[VacationForever]

@SueDonJ, I just don't know if they are going to increase the club dues by more than in the past because of the combined system. For those who had been paying both Vistana and MVC club dues, it will be significant savings regardless of the increase. I looked at my proposed SVR maintenance fees, it is going up by 16%, gulped, and that is without the "fully funded" reserves. I console myself that part of that increase will be covered by the eliminated Vistana club dues.

 

[SueDonJ]

@SueDonJ, I just don't know if they are going to increase the club dues by more than in the past because of the combined system. For those who had been paying both Vistana and MVC club dues, it will be significant savings regardless of the increase. I looked at my proposed SVR maintenance fees, it is going up by 16%, gulped, and that is without the "fully funded" reserves. I console myself that part of that increase will be covered by the eliminated Vistana club dues.

None of us knows if or how much they'll increase until official notice comes out. Historically, the Club Dues fee increases every couple/few years and conforms to the amounts on the Trust Points proposed budgets. @Fasttr says up there that this year's shows a $15 increase so that's what I'm expecting will be approved and what I'll see on my Club Dues invoice. It'll be interesting for all of us to see how the billing fleshes out for you Vistana owners with Abound and your existing club dues (whatever they're called) melding.

 

[dioxide45]

The 2023 club fee is disclosed in the Abound Exchange Procedures posted in the Abound FAQ. I believe they are on the last page.

 

[BigDawgTUG]

2023 Club Points (determined on a per point basis):

2023 Property Tax Fee: $0.00592
2023 Operating Fee: $0.678

Total: $0.68392

Note: Does not include Club Dues, which are based on ownership level achieved

Also posted in Sticky

 

[VacationForever]

2023 Club Points (determined on a per point basis):

2023 Property Tax Fee: $0.00592
2023 Operating Fee: $0.678

Total: $0.68392

Note: Does not include Club Dues, which are based on ownership level achieved

I calculated 2023 dues against 2022 and it came to 8.911 percent increase.

 

[BigDawgTUG]

I calculated 2023 dues against 2022 and it came to 8.911 percent increase.

Yes, I was just looking up the historical and I agree with your math. It's $0.68392 vs. $0.62796

 

[igopogo]

Given the labor challenges in the service sector and inflation in general, that seems reasonable. I was bracing for something higher.

 

[kozykritter]

2023 Club Points (determined on a per point basis):

2023 Property Tax Fee: $0.00592
2023 Operating Fee: $0.678

Total: $0.68392

Note: Does not include Club Dues, which are based on ownership level achieved

Also posted in Sticky

This matches their sample budget with reduced reserves so they must have passed that at their September meeting. Have you been billed for these MF's already?

 

[dioxide45]

This matches their sample budget with reduced reserves so they must have passed that at their September meeting. Have you been billed for these MF's already?

If it is a final bill, it seems they are expecting reduced reserves to pass at all the resorts? We haven't even voted yet at Grande Vista or Harbour Lake.

 

[TravelTime]

2023 Club Points (determined on a per point basis):

2023 Property Tax Fee: $0.00592
2023 Operating Fee: $0.678

Total: $0.68392

Note: Does not include Club Dues, which are based on ownership level achieved

Also posted in Sticky

Where did you get this information? Isn’t this the same as last year? Could this really be 2022’s MF?

 

[kozykritter]

Where did you get this information? Isn’t this the same as last year? Could this really be 2022’s MF?

This is about 6 cents higher than 2022's MF of $0.62796.

 

[BigDawgTUG]

Sorry to be the bearer of "bad" news, but this is the amount that was billed to my account. I suspect everyone with Club Points was billed at the same time? Check your account.

 

[mbstn6254]

I just paid my MF.

4,000 points for $2,965.68

$.74142 per point.

Can someone who knows more than me about MVC dues explain the disparity between $.68392 and what I paid?

Thanks

 

[vacationtime1]

I just paid my MF.

4,000 points for $2,965.68

$.74142 per point.

Can someone who knows more than me about MVC dues explain the disparity between $.68392 and what I paid?

Thanks

Club dues. Take off $230 from your number (Club dues), divide by 4000 (# of points), and the discrepancy is resolved.

 

[Fasttr]

I just paid my MF.

4,000 points for $2,965.68

$.74142 per point.

Can someone who knows more than me about MVC dues explain the disparity between $.68392 and what I paid?

Thanks

Your Dues?

 

[jmhpsu93]

Sorry to be the bearer of "bad" news, but this is the amount that was billed to my account. I suspect everyone with Club Points was billed at the same time? Check your account.

The billing is there for me as well.

 

[mbstn6254]

My 2023 maintenance fees came out to a little more than $.74 per point. That includes the club dues, which, as afar as I am concerned is part of the maintenance fees because I do not have a choice to opt out. I am not even sure what the club dues are for. I own 4,000 points.

 

[mbstn6254]

Thank you all for your information.

When I added up all of the various fees including $230 for club dues the number tied out.

What do club dues pay for?