T_R_Oglodyte
TUG Lifetime Member
I'll weigh in with some comments on how this all works. I would not say that DRI sales personnel lie; I would say that they don't always provide the full perspective. Or, they say the truth, but it's not the whole truth.
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The first point to understand is that each individual resort has a timeshare program that defines the usage rights for the owners of units at the resort. This program governs whether a unit is owned by one of the collections or by an individual owner.
A second key point to remember is that ownership in a Collection and membership in the Club are not the same thing. A person can be an owner in a trust without being a member of the Club. Many people conflate these two, often aided and abetted by obfuscating sales staff.
A "collection" is a trust that owns a certain number of units at a resort. The trust has the usage rights associated with the units that it owns - no more and no less. The trust then makes those usage rights available to owners who are members of that trust. But the usage right is limited to what the trust owns. For example, if the "Regency Collection" owns a total of 200 weeks at Villas Extraordinaire, then that is the number of usage weeks at the that can be booked through Regency Collection holdings.
At the resort, inventory is allocated to Regency Collection in proportion to its holdings. To keep it simple let's assume there is one check-in day and all stays are 7-days. 200 units then represents four units each check-in day. So for each check-in day, four units would be assigned to Regency Collection; the remainder would remain for use by the owners who are not part of Regency Collection.
Now let's bring the Club into the picture. When an owner in a trust is part of the Club the owner surrenders the usage right associated with their ownership to the Club. So if you are a Regency Collection owner who is a member of the Club you can no longer make reservations with a Regency Collection resort as a Regency Collection owner; you can only reserve at a Regency Collection resort as a Club member. This might seem subtle, but it's a significant difference.
Since not all Regency Collection owners are part of the Club, that portion of inventory assigned to the Regency Collection gets split again, with a portion of the Regency Collection assigned to the Club that is proportional to the fraction of Regency Collection owners that are members in the Club. For discussion purposes lets assume that 75% of Regency Collection owners are members of the Club. So the Club then has rights to 150 weeks per year at Villas Extraordinaire, representing three check-in days each week.
Regency Collection owners who are members of the Club can then use their Home Resort Advantage to access those weeks at Villas Extraordinaire that have been assigned to the Club starting 13 months before check-in. Any of those 150 weeks that have not been booked 10 months in advance are then available to all Club members. But note that the other 50 weeks per year that have been assigned to Regency Collection members who are not part of the Club never appear in Club inventory, because the Club has no right to access those weeks.
Then, if the resort has inventory that is held by different collections, each of those collections will have its set of reservation rights, which again will be further parsed based on what fraction of the Collection is owned by Club members.
So, at a specific resort you can wind up with an inventory control system that looks like the following:
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So in the sales pitch buyers are told that as Club members they have reservation rights to all of the resorts that are in the Regency Collection 13 months before check-in. That's technically true, but what the prospects are not told is that their access to the resorts is limited to the amount of inventory at the resort that has actually been assigned to the Club. The sales pitch is designed to make prospects believe that all of the inventory at the resort is available to Club members, when that is hardly the case.
The whole system is designed solely for marketing purposes, and to make buyers think they are getting more than they really are. A similar thing happens with all of the properties that are "affiliate" options. In many cases there is only a minuscule amount of inventory available - and the associated point values don't represent any bargain over generally available rates. But the relationships do let sales staff talk about all of the wonderful things you can do with your points.
******
The first point to understand is that each individual resort has a timeshare program that defines the usage rights for the owners of units at the resort. This program governs whether a unit is owned by one of the collections or by an individual owner.
A second key point to remember is that ownership in a Collection and membership in the Club are not the same thing. A person can be an owner in a trust without being a member of the Club. Many people conflate these two, often aided and abetted by obfuscating sales staff.
A "collection" is a trust that owns a certain number of units at a resort. The trust has the usage rights associated with the units that it owns - no more and no less. The trust then makes those usage rights available to owners who are members of that trust. But the usage right is limited to what the trust owns. For example, if the "Regency Collection" owns a total of 200 weeks at Villas Extraordinaire, then that is the number of usage weeks at the that can be booked through Regency Collection holdings.
At the resort, inventory is allocated to Regency Collection in proportion to its holdings. To keep it simple let's assume there is one check-in day and all stays are 7-days. 200 units then represents four units each check-in day. So for each check-in day, four units would be assigned to Regency Collection; the remainder would remain for use by the owners who are not part of Regency Collection.
Now let's bring the Club into the picture. When an owner in a trust is part of the Club the owner surrenders the usage right associated with their ownership to the Club. So if you are a Regency Collection owner who is a member of the Club you can no longer make reservations with a Regency Collection resort as a Regency Collection owner; you can only reserve at a Regency Collection resort as a Club member. This might seem subtle, but it's a significant difference.
Since not all Regency Collection owners are part of the Club, that portion of inventory assigned to the Regency Collection gets split again, with a portion of the Regency Collection assigned to the Club that is proportional to the fraction of Regency Collection owners that are members in the Club. For discussion purposes lets assume that 75% of Regency Collection owners are members of the Club. So the Club then has rights to 150 weeks per year at Villas Extraordinaire, representing three check-in days each week.
Regency Collection owners who are members of the Club can then use their Home Resort Advantage to access those weeks at Villas Extraordinaire that have been assigned to the Club starting 13 months before check-in. Any of those 150 weeks that have not been booked 10 months in advance are then available to all Club members. But note that the other 50 weeks per year that have been assigned to Regency Collection members who are not part of the Club never appear in Club inventory, because the Club has no right to access those weeks.
Then, if the resort has inventory that is held by different collections, each of those collections will have its set of reservation rights, which again will be further parsed based on what fraction of the Collection is owned by Club members.
So, at a specific resort you can wind up with an inventory control system that looks like the following:
- weeks that are owned fee simple by owners who are not members of the Club
- weeks that are owned by owners in Collection A who are not members of the Club
- weeks that are owned by Collection B who are not members of the Club (iterate as needed for all Collections that include holdings at the resort)
- Deeded weeks for owners who are part of the Club
- Collection ownerships that for owners who are part of the Club
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So in the sales pitch buyers are told that as Club members they have reservation rights to all of the resorts that are in the Regency Collection 13 months before check-in. That's technically true, but what the prospects are not told is that their access to the resorts is limited to the amount of inventory at the resort that has actually been assigned to the Club. The sales pitch is designed to make prospects believe that all of the inventory at the resort is available to Club members, when that is hardly the case.
The whole system is designed solely for marketing purposes, and to make buyers think they are getting more than they really are. A similar thing happens with all of the properties that are "affiliate" options. In many cases there is only a minuscule amount of inventory available - and the associated point values don't represent any bargain over generally available rates. But the relationships do let sales staff talk about all of the wonderful things you can do with your points.