T_R_Oglodyte
TUG Lifetime Member
Got the following in an email today from Raintree:
For quite a few years I have been less than enthused with Raintree operations. I have posted on occasion about how they seem to be a company with some liquidity issues, ranging from trying to get a special assessment created for items that should be covered in an operational budget, to their exit strategy programs, which have seemed to me to be calculated to bring future revenues forward to current operating budgets.
My first take on this is that it sounds like more of the same, Why the rush to reopen, when all of the signs are that COVID occurrence in MX is lagging the US and Europte by one to two months? June is just about when Mexico should be seeing its peaks? What are they specifically going to be doing to ensure guest safety, beyond complying with whatever requirements might be imposed by the MX government?
Why the rush, I asked? Is it because their margins are so thin that they can't afford to be closed?
This does not fill me with confidence.Dear Member,
We have great news! After careful consideration we are excited to announce that we will be re-opening all three Club Regina properties on June 26th, 2020! We will open with reduced occupancy and at this time amenities will be limited, as the government has not yet announced when beaches and pools can be opened. We expect to receive this information in the next few weeks and will provide an update on our dedicated COVID-19 page found on the homepage of www.raintreevacationclub.com.
June 26th will be a true celebration throughout each resort, but the main attraction will be seeing your smiling faces. In the meantime, the resorts are diligently working on new protocols, airlines are starting to announce the summer reopening of international flights, and the Raintree Vacation Guides are ready to take your call; so now is a great time to get excited about and make your 2020 vacations a reality!
Sincerely,
Raintree Vacation Club
For quite a few years I have been less than enthused with Raintree operations. I have posted on occasion about how they seem to be a company with some liquidity issues, ranging from trying to get a special assessment created for items that should be covered in an operational budget, to their exit strategy programs, which have seemed to me to be calculated to bring future revenues forward to current operating budgets.
My first take on this is that it sounds like more of the same, Why the rush to reopen, when all of the signs are that COVID occurrence in MX is lagging the US and Europte by one to two months? June is just about when Mexico should be seeing its peaks? What are they specifically going to be doing to ensure guest safety, beyond complying with whatever requirements might be imposed by the MX government?
Why the rush, I asked? Is it because their margins are so thin that they can't afford to be closed?