There were a few more ABOUND tidbits in the second segment:
- Once ABOUND launches, all owners across all Marriott brands will be on the same owner recognition levels.
- Once ABOUND launches, all sales centers across all Marriott brands will sell only ABOUND - i.e. the same product sold everywhere, but presumably with MVC logo/graphics at those sales centers, Westin logo/graphics at those centers, etc. All new sales will be ABOUND sales.
- In response to a question about what percentage of owners they expect will adopt ABOUND, CEO Steve Weisz said 40% of legacy MVC Weeks owners still stay within the legacy weeks system and do not use points, so he didn't offer a forecast of conversion rate to ABOUND.
- The question posed above by @CalGalTraveler "How will resale owners be impacted?" is a detail that was not addressed in this very high-level presentation.
There were also a few comments about legacy week repurchases (ROFR), potential for new locations, close rate, points pricing, etc. that TUGgers may find interesting. After the final segment on Financials is over, I'll post those other general comments in a separate thread so this can stay focused on ABOUND.