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Attended Owner's Update while at Kauai Beach Club

b2bailey

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I'm still an unenrolled Legacy owner. Today I was told they are down to 4% of owners in that category.

I'm on the fence, even if they will enroll me for free.

Scored this exchange through II. A miracle really. I had a Wyndham unit booked to meet up with my daughter's family, but this appeared and I jumped on it. Was able to cancel my other without penalty.
 

bazzap

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I'm still an unenrolled Legacy owner. Today I was told they are down to 4% of owners in that category.

I'm on the fence, even if they will enroll me for free.

Scored this exchange through II. A miracle really. I had a Wyndham unit booked to meet up with my daughter's family, but this appeared and I jumped on it. Was able to cancel my other without penalty.
Unless there is any evidence to support their claim, which I struggle to believe, I suspect the % of weeks owners who are still unenrolled is substantially higher.
I wouldn’t really be too surprised if it was 40%+ rather than 4%!
Having said that, if you own more than one week, want the flexibility sometimes to do other things than just use your “home” resort weeks and can enrol for free then it can be a fairly easy decision to enrol.
it might even be so if you only own one week, although you do need to value the benefits as greater than the DC Club dues ($200+) you will need to pay annually.
 

Pamplemousse

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I enrolled my legacy week 3 years ago when I was offered free enrollment.

Run the numbers- $99 for II membership, $169 exchange fee for M-M exchange ( might have gone up I don’t know) $59 for eplus- and I have a lock off so that fee was $80 and then another exchange fee and potentially another eplus. It was a no brainer for me to enroll based on fees alone (I exchange almost exclusively to Marriotts, a bit less beneficial if you exchange to non Marriotts since you have to pay the $209 exchange fee).
The DC dues are much lower for me. Plus I do have the option to elect points if I chose.

For me there isn’t a downside. I suppose if you own weeks with other resort systems and need an II account anyway or you don’t exchange to Marriotts your numbers may be different.
 

b2bailey

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Unless there is any evidence to support their claim, which I struggle to believe, I suspect the % of weeks owners who are still unenrolled is substantially higher.
I wouldn’t really be too surprised if it was 40%+ rather than 4%!
Having said that, if you own more than one week, want the flexibility sometimes to do other things than just use your “home” resort weeks and can enrol for free then it can be a fairly easy decision to enrol.
it might even be so if you only own one week, although you do need to value the benefits as greater than the DC Club dues ($200+) you will need to pay annually.
I was a bit skeptical on the 4% number as well.
I probably would have enrolled today, but I just paid to extend my I I membership, so felt like doing it now would be a waste of money.
 

bazzap

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I was a bit skeptical on the 4% number as well.
I probably would have enrolled today, but I just paid to extend my I I membership, so felt like doing it now would be a waste of money.
When we enrolled our European weeks, I was very pleasantly surprised to find that Interval were willing to pro-rata refund the remaining period of our personal membership.
i don’t know if this was standard or whether it is still offered, but you could always ask.
 

JIMinNC

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I was a bit skeptical on the 4% number as well.
I probably would have enrolled today, but I just paid to extend my I I membership, so felt like doing it now would be a waste of money.

I think II will refund your payment on a prorated basis if you transition to a corporate MVC II account that is included in the Destination Club dues.
 

kds4

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When we enrolled our last weeks that were not yet enrolled, we called II and cancelled our membership (after we used any remaining deposits in that account to keep from losing them). They did send us a prorated refund (and we had a couple of years left on a multi-year membership).
 

SeaDoc

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Unless there is any evidence to support their claim, which I struggle to believe, I suspect the % of weeks owners who are still unenrolled is substantially higher.
I wouldn’t really be too surprised if it was 40%+ rather than 4%!
Having said that, if you own more than one week, want the flexibility sometimes to do other things than just use your “home” resort weeks and can enrol for free then it can be a fairly easy decision to enrol.
it might even be so if you only own one week, although you do need to value the benefits as greater than the DC Club dues ($200+) you will need to pay annually.

For those that can enroll and haven’t yet may be 4% as there are many more that own weeks that can’t be enrolled.


Sent from my iPhone using Tapatalk
 

JIMinNC

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For those that can enroll and haven’t yet may be 4% as there are many more that own weeks that can’t be enrolled.


Sent from my iPhone using Tapatalk

That thought occurred to me as well - that the 4% number was based on "eligible" weeks. There are certainly many more "ineligible" weeks still out there unenrolled.
 

bazzap

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That thought occurred to me as well - that the 4% number was based on "eligible" weeks. There are certainly many more "ineligible" weeks still out there unenrolled.
SeaDoc / JIMinNC, I agree that the % based on “eligible” weeks will be much lower than for total weeks.
Even then for example, and accepting that it is only for 5 of the total MVC portfolio, at the 4 European resorts and in Asia at Phuket Beach Club I know far more Owners who have not enrolled their “eligible” weeks than have done.
it would be interesting to see official MVC corporate statistics.
 

JIMinNC

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SeaDoc / JIMinNC, I agree that the % based on “eligible” weeks will be much lower than for total weeks.
Even then for example, and accepting that it is only for 5 of the total MVC portfolio, at the 4 European resorts and in Asia at Phuket Beach Club I know far more Owners who have not enrolled their “eligible” weeks than have done.
it would be interesting to see official MVC corporate statistics.

As far as corporate statistics, this was from the 2018 Form 10-K annual report for Marriott Vacations Worldwide:

"As of the end of 2018, approximately 182,000 weeks-based owners have enrolled nearly 290,000 weeks in MVCD’s exchange program since its launch in 2010, with more than 222,000 total owners able to use points"

They also say they have about 400,000 owners in the legacy MVC system (weeks and points), but we have no idea what the mix is between points-only owners, enrolled weeks owners, unenrolled eligible weeks owners, and unenrolled ineligible weeks owners.

It is also possible that the 4% could reference some subset of the total system - perhaps just U.S. resorts or maybe North American resorts. Since Asia-Pacific is a separate entity within MVC and they are no longer investing in Europe, the U.S. or North American statistics could likely be more favorable to their sales message, so if those are indeed as low as 4%, then that would be the most "favorable" stat to quote. Of course, it all could also just be Sales' typical "Bountiful Speculation."
 

Dean

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I too find it difficult to believe but I suspect the unenrolled and not eligible weeks are also an extremely small %. Realize that for the US resorts there have been very few weeks sold since when looked at on a larger scale as these resorts are mostly sold out anyway. So it's only weeks that were bought resale privately and not enrolled later by some other means. I can't imagine that the remaining unenrolled but eligible weeks are only 4%.
 

bazzap

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As far as corporate statistics, this was from the 2018 Form 10-K annual report for Marriott Vacations Worldwide:

"As of the end of 2018, approximately 182,000 weeks-based owners have enrolled nearly 290,000 weeks in MVCD’s exchange program since its launch in 2010, with more than 222,000 total owners able to use points"

They also say they have about 400,000 owners in the legacy MVC system (weeks and points), but we have no idea what the mix is between points-only owners, enrolled weeks owners, unenrolled eligible weeks owners, and unenrolled ineligible weeks owners.

It is also possible that the 4% could reference some subset of the total system - perhaps just U.S. resorts or maybe North American resorts. Since Asia-Pacific is a separate entity within MVC and they are no longer investing in Europe, the U.S. or North American statistics could likely be more favorable to their sales message, so if those are indeed as low as 4%, then that would be the most "favorable" stat to quote. Of course, it all could also just be Sales' typical "Bountiful Speculation."
I agree with either or both of your suggestions
- 4% could represent some subset of the total system
- “Bountiful Speculation”
 

b2bailey

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I started to speculate that he was talking about owners of KBC, but I would not be part of that group.

Also, I had just challenged him when he said Marriott was the innovator of points based programs -- when I said -- "I don't think that is true." His reply was something about me taking things literally. I think I stumbled upon the timeshare salesman defense. They are not telling untruths, they are just speaking figuratively.
 

Dean

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I started to speculate that he was talking about owners of KBC, but I would not be part of that group.

Also, I had just challenged him when he said Marriott was the innovator of points based programs -- when I said -- "I don't think that is true." His reply was something about me taking things literally. I think I stumbled upon the timeshare salesman defense. They are not telling untruths, they are just speaking figuratively.
Maybe you should have asked him to tell you about Hampimag?
 

bazzap

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Yes Hapimag introduced a Points based system in 1964, just a little! earlier than MVC’s 2010 launch
As well as owning with MVC, we also own Points with the UK based Holiday Property Bond (HPB), which launched in 1983.
MVC was actually very late introducing a Points based programme.
 
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