I just attended the annual meeting for owners at The Cove. One of the announcements was a newly signed affiliation with RCI Points both for existing owners and for sales of Association inventory. The cost is in line with most other conversions I've heard of at $2995 but there are options to go as low as $1495 to convert or purchase additional time for $3900. The affiliation is so new that it isn't even on the "new points resorts" list yet.
This continues what I see as a very positive trend especially among highly seasonal areas (the Cape is certainly in that category) to make better use of what otherwise is a very hard to utilize period known as "holiday float" in the Cove terms - better known as blue time to most RCI traders. By giving owners a chance to convert to RCI Points, which opens up not only the flexibility of partial week use as well as banking, renting and pooling points for customized vacations but also a reasonably inexpensive path to PFD (points for deposit which was carefully explained), the Cove is leveraging what RCI Points does best.
In the presentation by RCI they stated that 98% of all owners who have joined RCI Points have renewed at the end of their first 3 year membership cycle. They also mentioned that resort affiliations with points continues to rise both in new construction and in older resorts such as the Cove offering points as an additional option. Based on the 200 or so owners present - many of whom purchased over 20 years ago - the interest in this new option was very high. Many bought to use in their younger days and now find they prefer to see the country or world yet the float (usually off season) time many own doesn't do well in week for week trades. Being able to combine years or rent some extra points to get the vacation they really want is a big plus to them.
This continues what I see as a very positive trend especially among highly seasonal areas (the Cape is certainly in that category) to make better use of what otherwise is a very hard to utilize period known as "holiday float" in the Cove terms - better known as blue time to most RCI traders. By giving owners a chance to convert to RCI Points, which opens up not only the flexibility of partial week use as well as banking, renting and pooling points for customized vacations but also a reasonably inexpensive path to PFD (points for deposit which was carefully explained), the Cove is leveraging what RCI Points does best.
In the presentation by RCI they stated that 98% of all owners who have joined RCI Points have renewed at the end of their first 3 year membership cycle. They also mentioned that resort affiliations with points continues to rise both in new construction and in older resorts such as the Cove offering points as an additional option. Based on the 200 or so owners present - many of whom purchased over 20 years ago - the interest in this new option was very high. Many bought to use in their younger days and now find they prefer to see the country or world yet the float (usually off season) time many own doesn't do well in week for week trades. Being able to combine years or rent some extra points to get the vacation they really want is a big plus to them.
