Hyatt update during MVC investor day call

[Mongoose]

It starts on page 93. I can't tell if they are abandoning HRC and focusing on HPC and HVC. This slide is a little concerning. Anyone know what they mean by Galleries?

Investor Day (marriottvacationsworldwide.com)

 

[travelguy84]

Galleries are the sales offices I believe.

 

[alameda94501]

They are definitely not focusing on legacy HRC, @Mongoose.

Just depends on whether Welk is personally appealing, though. We bought Hyatt because we didn't see anything at Welk appealing. So the Hyatt Portfolio Master Exchange Company can be great (and expensive with Maintenance Fees) but we're happy with legacy HRC.

 

[Mongoose]

Lots of good conversation on this over on the FB HRC page. My take is that HPC and Welk will be combined into a single product of the "future" with full access to the combined points inventory. HRC legacy will have access to HRC legacy and limited access to the new HVC points inventory. Any the new development will be HVC points. This will look a lot like HGVC and HGVMax and there will be a lot of pressure to upgrade your "worth-less" legacy product.

 

[ScoopKona]

It makes no sense to MVC to roll HRC and Welk together into a cohesive program for legacy owners -- they can't resell the same properties twice that way.

If they do, I will be absolutely stunned. Having Welk and Hyatt accessing each others portfolio with the ease of the current HRC would be just fine with me. I'm truly hoping that Welk gets parity with Hyatt Residence Club.

But I think this will end up a way for them to sell more of their points system.

 

[alameda94501]

Lots of good conversation on this over on the FB HRC page. My take is that HPC and Welk will be combined into a single product of the "future" with full access to the combined points inventory. HRC legacy will have access to HRC legacy and limited access to the new HVC points inventory. Any the new development will be HVC points. This will look a lot like HGVC and HGVMax and there will be a lot of pressure to upgrade your "worth-less" legacy product.

Yes, in terms what the legacy would see, it's hard to know how Welk points and Portfolio points would integrate. Are there any blueprints where MVC has done this before with two pure Points programs (sorry I know there are things going on with Abound/Marriott/Vistana but wasn't sure whether Vistana was pure Points)?

The way Aspen is treated now, it's not part of legacy HRC, but is a Portfolio resort. So from 12mo-6mo, the Portfolio Aspen weeks are available only Portfolio members. Then from 6mo-0mo, the Portfolio Aspen weeks are available to both Portfolio and Legacy HRC members.

So it's possible for us to get some 'dregs' of Welk at 6mo-0mo, but at what exchange rate of X Welk Points = Y Hyatt points? I guess my earlier posts on the current trade between the two in Interval Intl might give a clue.

 

[Mongoose]

Yes, in terms what the legacy would see, it's hard to know how Welk points and Portfolio points would integrate. Are there any blueprints where MVC has done this before with two pure Points programs (sorry I know there are things going on with Abound/Marriott/Vistana but wasn't sure whether Vistana was pure Points)?

The way Aspen is treated now, it's not part of legacy HRC, but is a Portfolio resort. So from 12mo-6mo, the Portfolio Aspen weeks are available only Portfolio members. Then from 6mo-0mo, the Portfolio Aspen weeks are available to both Portfolio and Legacy HRC members.

So it's possible for us to get some 'dregs' of Welk at 6mo-0mo, but at what exchange rate of X Welk Points = Y Hyatt points? I guess my earlier posts on the current trade between the two in Interval Intl might give a clue.

I hope by 2024 the dregs will be brought up to Hyatt standards. I don't think Hyatt will allow poor quality once the rebranding is complete, especially when they are on the Hyatt.com site.

 

[RunCat]

I hope by 2024 the dregs will be brought up to Hyatt standards. I don't think Hyatt will allow poor quality once the rebranding is complete, especially when they are on the Hyatt.com site.

The "dreg" Welk Resorts are already on Hyatt.com.
Ranahan: https://www.hyatt.com/en-US/hotel/colorado/the-ranahan/bresr
Sirena Del Mar: https://www.hyatt.com/en-US/hotel/mexico/sirena-del-mar/cslsh