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Interval vs. SVN/Staroptions

Denise, I am a believer. After all it makes sense. I just didn't want someone jumping on me about it not being the case (or not being documented/proven/etc)...... oh well, so much for that.:(
 
From reading Jarta's insight about the potential to bank StarOptions for 2 years - would this mean that over time that Mandatory Starwood properties would potentially release fewer units to II? Perhaps I am off-base, but trying to think through the implications over the next 5-10 years.

"3. SVN StarOptions can now be banked for up to 2 years (with payment of a fee). SVN StarOptions can also be borrowed (with limitations). A voluntary week is not in the SVN and, since there are no SVN StarOptions, no borrowing or banking can occur."
 
rickklogan@hotmail.com said:
From reading Jarta's insight about the potential to bank StarOptions for 2 years - would this mean that over time that Mandatory Starwood properties would potentially release fewer units to II? Perhaps I am off-base, but trying to think through the implications over the next 5-10 years.

"3. SVN StarOptions can now be banked for up to 2 years (with payment of a fee). SVN StarOptions can also be borrowed (with limitations). A voluntary week is not in the SVN and, since there are no SVN StarOptions, no borrowing or banking can occur."
Click to expand...

We don't really know yet. Starwood makes deposits with II based on the projected number of owners who will want to deposit their weeks. I think they also deposit projected unoccupied inventory, rather than let it sit empty. I think that deposits will II may decrease, but won't stop, because:

1) There will always be off-season inventory that Starwood wants to fill
2) There will always be owners who want to trade for resorts outside the SVN.
3) There will always be owners who don't figure out that they can roll-over their Staroptions.
4) Most resorts are not mandatory and resale owners won't be able to roll-over their Staroptions.
 
Last edited:
rickklogan@hotmail.com said:
From reading Jarta's insight about the potential to bank StarOptions for 2 years - would this mean that over time that Mandatory Starwood properties would potentially release fewer units to II? Perhaps I am off-base, but trying to think through the implications over the next 5-10 years.

"3. SVN StarOptions can now be banked for up to 2 years (with payment of a fee). SVN StarOptions can also be borrowed (with limitations). A voluntary week is not in the SVN and, since there are no SVN StarOptions, no borrowing or banking can occur."
Click to expand...

I agree with DeniseM that, over time, deposits with II will decrease. However, banking would be merely one of the reasons to cause this - and an uncertain one at that.

Even before banking of StarOptions went into effect a few months ago, reports on TUG were that Starwood bulk deposits in II for its resorts were noticably down this year.

5-10 years out is a lifetime. 5-10 years ago, timeshares had resale value. Now, even the best ones (like FS Aviara, where I am now) have very little resale value.

Banking of StarOptions is just a small part of the Starwood timeshare puzzle. Banking will probably have little affect on Starwood resale prices or II bulk deposits.

If this purchase will be your first timeshare purchase, do yourself a favor and buy the 2-br SDO trader (1-21, 51-52 Platinum). You can't beat the tiny entry price and modest yearly assessment for that versatile II trader. Try it for a while. Read about how to use it on TUG. And, only then decide if you want to also pick up a mandatory week or retro the SDO so that you can get StarOptions (or dump it because timesharing is not for you). ... eom
 
Yes, I feel that a platinum SDO platinum week is what we will purchase.

If the seller has already booked a week at Easter, is it possible to return the week back into my account so that I could use it as a trader in II? I am assuming there would be a fee.

I am not sure how much notice I would need to provide (I have looked quickly for this generic information, but could not find a clear interpretation)


Thank you again.
 
rickklogan@hotmail.com said:
Yes, I feel that a platinum SDO platinum week is what we will purchase.

If the seller has already booked a week at Easter, is it possible to return the week back into my account so that I could use it as a trader in II? I am assuming there would be a fee.

I am not sure how much notice I would need to provide (I have looked quickly for this generic information, but could not find a clear interpretation)


Thank you again.
Click to expand...

You can cancel a reservation right up to the last minute. I don't think there will be a fee, but if there is, it will be $29.
 
rickklogan@hotmail.com said:
Yes, I feel that a platinum SDO platinum week is what we will purchase.

If the seller has already booked a week at Easter, is it possible to return the week back into my account so that I could use it as a trader in II? I am assuming there would be a fee.

I am not sure how much notice I would need to provide (I have looked quickly for this generic information, but could not find a clear interpretation)


Thank you again.
Click to expand...

If you cancel more than 60 days before the check-in day I don't think there should be any fee to cancel.

Here's the cancellation policy:

Starwood Vacation Network(SM) reservation cancellation policy*

Starwood Vacation Network reservations may be cancelled by notifying Owner Services by telephone prior to the arrival date of the assigned reservation. Reservations may be cancelled within 24 hours of making the reservation without payment of a cancellation fee unless the reservation was made less than 30 days prior to the confirmed arrival date.

Cancellations or changes made more than 60 days prior to the arrival date will result in unrestricted restoration of the related StarOptions for further use during that Use Year, although Home Resort Preference Period rights will not be restored. Such cancellations are also permitted to be converted into Starpoints for that Use Year if the Starpoints conversion eligibility requirements are met and the conversion deadline has not passed.

Cancellations made 60 days or less prior to the confirmed arrival date will be restricted to requesting a new reservation within 60 days of the new requested arrival date for that Use Year and are not eligible for conversion into Starpoints.

Failure to cancel a confirmed reservation prior to the arrival date will prevent the restoration of StarOptions for further use.

For complete cancellation details, please contact Owner Services.

* Cancelled reservations not affiliated with Starwood Vacation Network may be subject to cancellation fees or use restrictions. Please contact Owner Services to inquire about the cancellation policy that applies to your reservation.​
 
DeniseM said:
You can cancel a reservation right up to the last minute. I don't think there will be a fee, but if there is, it will be $29.
Click to expand...

If it's a home resort preference period (12 to 8 months out) booking, there's no charge.

If it's a StarOptions booking, the $29 cancellation fee applies. There may also be restrictions on using the refunded StarOptions if you cancelled late (less than 60 days out?)
 
Since the OP is buying a resale at SDO, Staroptions won't be involved. If the OP has to cancel the Resv. after he owns the week, I think Starwood will waive the fee, if any.
 
I certainly don't know the exact answer for any resort, but non-SVN reservations seem to be governed by this language that scootr5 posted:

"* Cancelled reservations not affiliated with Starwood Vacation Network may be subject to cancellation fees or use restrictions. Please contact Owner Services to inquire about the cancellation policy that applies to your reservation."

It may be that each resort has its own policy about non-SVN cancellations. ... eom
 
DeniseM said:
We don't really know yet. Starwood makes deposits with II based on the projected number of owners who will want to deposit their weeks. I think they also deposit projected unoccupied inventory, rather than let it sit empty. I think that deposits will II may decrease, but won't stop, because:

1) There will always be off-season inventory that Starwood wants to fill
2) There will always be owners who want to trade for resorts outside the SVN.
3) There will always be owners who don't figure out that they can roll-over their Staroptions.
4) Most resorts are not mandatory and resale owners won't be able to roll-over their Staroptions.
Click to expand...

sorry for the silly question:

but, what is 'roll over' your staroptions?
 
Last edited:
squeeze said:
sorry for the silly question:

but, what is 'roll over' your staroptions?
Click to expand...

Starting this fall, if you own at a resort where you get StarOptions you can roll any unused ones to the next use year, rather than letting them expire.
 
squeeze said:
is there a fee for this? is this the same as banking your staroptions with Starwood?
Click to expand...

Yes - see the link I posted above for all the details.
 
Lennyk325 said:
Would a gold svr 2/2 LO or a plat svv 2/2 have good trading power in II?
Click to expand...

The problem with the Florida resorts is that there is more supply than demand - this hurts trading power. Some of them also have relatively high maintenance fees which makes them less effective traders. A fixed, high season week will have much better trading power than a floating week.
 
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