Depositing Junk weeks with II and RCI

[mdurette]

As I have been watching New England inventory the last couple of weeks, I notice weeks for exchange keep popping up at closed resorts. I can only assume these were deposits from owners that could not use their week. Basically the deposit is junk to II and RCI, but they still accept.

I wonder if trade power is impacted with these deposits, especially the LM ones.

 

[escanoe]

I too thought this was odd. I currently have some summer bookings with VSA Resorts in Virginia Beach.

Here is what they were telling their owners when I looked at their website.

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We understand how disappointing and heartbreaking this may be for you, it is for us too. In this unprecedented environment, we’ve tried to anticipate your concerns and provide the options available to you in order to reschedule, delay or save your vacation:

• RCI has pledged to honor all owner deposits affected during this closure period, from April 1, 2020 – May 31, 2020.
• RCI has also promised to accept and honor any new deposits of inventory that occur during the months of April & May 2020.
• If you no longer have an RCI account, the Board has negotiated a special 1-year RCI Weeks membership option for $40.00.
• If you prefer to reschedule directly with the Hospitality Department, every effort will be made to accommodate your vacation travel preferences, and they will be confirmed upon availability and upon request, with as few limitations as possible.
• Both RCI and II are committed to assisting and have adjusted their cancellation policies.
• We are determined to ensure that you do not lose your 2020 vacation! Every effort and accommodation will be considered.

COVID 19 Update - VSA Resorts | Virginia Beach, Virginia Vacation Resort

April 1, 2020

vsaresorts.com

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I was wondering if the resorts/developers are giving RCI something in order to get this excellent level of treatment from RCI. Or maybe RCI is happy to do it because they see this as a way to get a bunch of people to start exchanging and paying exchange fees that previously used the week they own?

 

[dmbrand]

I deposited my summer Harbor Ridge week just a few days before the 60 day mark, and it still gets the same great trade value. The resort is open, but probably only for Maine residents. Any visitors must quarantine for 14 days upon arrival into Maine.

Interval is making money by accepting this deposit. We usually use or gift our week, so Interval doesn’t make a profit from it. This year they will, because I will end up paying an exchange fee in the future.

 

[Yellowfin]

probably both RCI and II are happy to make the exchange fee even if the deposited week goes to waste.

 

[T-Dot-Traveller]

I assume that there is always expiring inventory - RCI has at times run promos
at 1-4 TPU’s for weeks inventory .

As already noted above - the exchange fee for whatever week you choose down the road does make them money .