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Implications of new high points resorts and high open season rates

rjp123

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Interesting. Do you have data to support that?

Yes I sat through a sales presentation at West 57th. The salesperson told me by buying a higher point package there that I could get multiple weeks in Hawaii or Las Vegas with my one week in New York.



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SmithOp

TUG Review Crew
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HGVC King's Land 2BR Premier 23.040K Points.
Interesting. Do you have data to support that? I don't doubt the "don't know about the resale market" part. But I am skeptical of people buying higher-priced bHC points to use in places like Vegas and Orlando rather than at their high-priced resort. Basically, my conjecture is that people buying W. 57th primarily use it at W. 57th, not Vegas.

Also, I don't believe that the point multiple is that great that one gets "many more" weeks elsewhere. Maybe 2:1?

Now, even exempting any knowledge of the resale market, if one wants to use points in Vegas, is it cheaper (in buy-in and MFs) to simply buy more in Vegas verus buying in NYC to use in Vegas? I just think that there is never a logic point (resale or not), to buy high-priced points to use in low-priced locations. But I haven't priced out the permutations.

Cheers.

I agree with you, its foolish to use NYC or Hawaii points to go to Vegas or Orlando but I suppose some owners do it, heck they even convert to HHonors because they believe 50:1 is better than the 25:1 the rest of us get. I just don’t think its that many doing it. Then again, the kool aid is strong at a sales presentation.

With my 14,400 points I can get good value if I maximize season, unit size, unit style (std vs plus/premier) and check in day. I check in Monday and out Friday to eliminate costlier weekends on each end of my reservation.
4+ weeks in a studio
3+ weeks in a 1br
2+ weeks in a 2br

For example, we like long stays at Kingsland gold season in the phase 2 two bedroom standard units. Right now I can book 11 nights in a BR2 for 9800 points. These units sell out first so I’m not the only one bargain shopping at Kingsland.

f96dd5e440f61cba90c7a6f5e934bd16.jpg



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bizaro86

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Interesting. Do you have data to support that? I don't doubt the "don't know about the resale market" part. But I am skeptical of people buying higher-priced bHC points to use in places like Vegas and Orlando rather than at their high-priced resort. Basically, my conjecture is that people buying W. 57th primarily use it at W. 57th, not Vegas.

Also, I don't believe that the point multiple is that great that one gets "many more" weeks elsewhere. Maybe 2:1?

Now, even exempting any knowledge of the resale market, if one wants to use points in Vegas, is it cheaper (in buy-in and MFs) to simply buy more in Vegas verus buying in NYC to use in Vegas? I just think that there is never a logic point (resale or not), to buy high-priced points to use in low-priced locations. But I haven't priced out the permutations.

Cheers.

NYC isn't really a high points location though. It's expensive, but the low points for w57 and long home week preference mean it's probably used at w57.

High points weeks would be things like the Crane or Ocean tower where individual weeks are well over 10k points.

I think it's very likely a salesperson in Barbados selling a 14.4k one bedroom will discuss how "because this is such a desirable location you can trade for multiple weeks elsewhere

In fact, you could get a week in NYC, a week in Vegas, and a week in Hawaii for just your one week here!"
 

brp

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Thanks all for the perspective. I wonder how many people actually do that, but it's clear that it is out there and advertised as such. And I would imagine that, even with possibly higher buy-in, the MFs would be lower on the expensive uber-package and the equivalent number of points in separate low-point-value contracts. So there is likely a way in which it makes financial sense to those not familiar with resale.

Cheers.
 

ski_sierra

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Week 7 for next year is still available at the high points units @ Ocean Tower but it's not available at Lagoon Tower.

It could be due to unsold inventory or because the $/point ratio is favorable for those units or something else. Many of the ocean tower units make it to the list of units with a good $/point ratio:



Ocean Tower

1593013120702.png


Lagoon Tower

1593013762602.png
 

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mjm1

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Marriott: Resorts and Destination Club Points;
Westin Kierland Villas;
HGVC Flamingo & Blvd;
Hyatt Pinon Pointe
We just completed a two night stay at Trump International in Las Vegas using open season. We paid $275 for two nights in a corner 1BR unit. It was about 950 square feet and had a great view. We really enjoyed the resort and the unit and thought it was a great deal.

Best regards.

Mike
 
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