TravelTime
TUG Member
- Joined
- Mar 20, 2018
- Messages
- 8,114
- Reaction score
- 6,470
- Location
- California
- Resorts Owned
- All Resale: MVC DPs, Marriott Ko Olina, Marriott Marbella, WKOVR-N, Four Seasons Aviara
I would purchase a voluntary resort. Less money, less maintenance. However, I already have Staroptions. Just saying there are other points of view.
I agree there are many POVs. I own both Vistana mandatory (WKOVRN 2 BR OF) and MVC DPs and enrolled weeks. I prefer MVC over Vistana for many reasons. I would really like it if MVC would allow me to convert my WKOVRN for DPs for low/no cost as long as I was grandfathered in before they ended SOs for resale contracts going forward. The conversion rate for WKOVRN would allow me to get 2+ weeks at great locations for the 1 week I own now. I would not care if the value of my Vistana contract went down if this scenario happened bc I would get so much more value out of MVC DPs.
I suspect the value of a Maui OF resort would not decline too much even if SOs were eliminated going forward. Like someone said earlier, Maui and a few other places have high MFs and the value of using SOs to exchange is not all that great. So I suspect people who buy in Maui buy to stay there or they rent the years they do not go. That is what I did in 2021. I did not go to Maui so I rented my week. I did not want to convert to SOs because of the restrictions on using SOs and the limited places in Vistana that it would make sense for me to visit based on my high MFs.
Someone else said that they think it is unfair that some Vistana resorts are getting better conversion rates than others. To me it is fair. If you bought a mandatory resort just for SOs at a low MF resort in a moderately desirable location, then why should MVC value it the same as highly desirable locations? It would be hard to get someone to pay 8000 points to stay in Orlando or Scottsdale but very common in Maui. Conversions rates and DP cost go hand in hand.
Another person compared the cash rate to go to the Westin hotel in Maui vs Scottsdale. That is not how MVC values resorts. It assigns a DP value and gives a DP conversion rate and they are hand in hand. Like I said above, it is fair because if they give you fewer DPs, it is also less expensive to book in that same resort. So in reality, they are charging DP owners less for the resorts that get fewer DPs. The thing is…Vistana owners with these low cost resorts are not happy that people who are buying into or enrolling in the MVC program can book at a lower DP cost.
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