Is there an abundance of Marriott Destination Club (Abound) Points for Rent this year?

[TheTimeTraveler]

I was checking out the Vacation Point website and noticed an awful lot of owners trying to rent their 2024 Marriott points at the present time.

Does anyone think that this is a direct result of Marriott shutting out those bigger renters who used to scoop up very large numbers of points and then turn around and rent out reservations?

Curious to hear what others have experienced.





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[vol_90]

I suspect it has more to do with inflation and families strapped for cash looking to cover 2024 maintenance fees while cutting back on 2024 spend. I believe we have some challenging times ahead as it relates to the economy and the consumer.

 

[DRH90277]

When I see someone trying to rent out a small number of points, I suspect predatory actions by MVC in even selling to them. Perhaps, MVC should provide a rent back deal to these low-end purchasers for 5 years at a price aligned with the maintenance fees or a buyback at 50%. There is no doubt they oversell this stuff and fail to advise customers that having 3,000 points or less borders on a near useless purchase.

Only my view.....

 

[SueDonJ]

When I see someone trying to rent out a small number of points, I suspect predatory actions by MVC in even selling to them. Perhaps, MVC should provide a rent back deal to these low-end purchasers for 5 years at a price aligned with the maintenance fees or a buyback at 50%. There is no doubt they oversell this stuff and fail to advise customers that having 3,000 points or less borders on a near useless purchase.

Only my view.....

Some of the lower points rentals are from people who have a surplus after booking their desired reservations. I wouldn't make the assumption that they're all from people who bought only a small amount.

 

[jcjl1]

Perhaps a larger than usual Maui owner influx.

 

[timsi]

When I see someone trying to rent out a small number of points, I suspect predatory actions by MVC in even selling to them. Perhaps, MVC should provide a rent back deal to these low-end purchasers for 5 years at a price aligned with the maintenance fees or a buyback at 50%. There is no doubt they oversell this stuff and fail to advise customers that having 3,000 points or less borders on a near useless purchase.

Only my view.....

I share the same perspective. I've been monitoring the Vistana market, and it's not uncommon to come across small contracts in the resale market. It's akin to selling a car without an engine, with the expectation that the new owners will have to purchase the engine separately to make it functional. Regrettably, many buyers may not realize the impracticality of the ownership they're acquiring and that they'll likely have to waste more money in the future to make it work.

 

[CalGalTraveler]

.65 - .70 a point is a pretty high bar. You can rent or use alternative resorts or AirBnBs of similar quality for a lower price. The market for travel is also softening from Covid highs. We've seen this in a popular resort area where we own a ST vacation rental.

If owners really want to cover 2024 MF by renting out points then you might see supply and demand with lower prices being offered just to cover MF.

 

[timsi]

.65 - .70 a point is a pretty high bar. You can rent or use alternative resorts or AirBnBs of similar quality for a lower price. The market for travel is also softening from Covid highs. We've seen this in a popular resort area where we own a ST vacation rental.

If owners really want to cover 2024 MF by renting out points then you might see supply and demand with lower prices being offered just to cover MF.

I only rented points from other owners when I already had an Interval exchange at the same resort, but we needed additional space for our extended family. It was the only instance where it made sense to me, as the overall cost remained quite reasonable. I would do the same to add few nights to an existing booking.

 

[Retired2025 aka AlmostRetired]

I was checking out the Vacation Point website and noticed an awful lot of owners trying to rent their 2024 Marriott points at the present time.

Does anyone think that this is a direct result of Marriott shutting out those bigger renters who used to scoop up very large numbers of points and then turn around and rent out reservations?

Curious to hear what others have experienced.





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I rented points on Vacation Points Exchange today. Unless I recognize the ID as a Tug ID, I put my phone number in the message to chat. The email I got back had a phone number and a different personal email address that would be use for Venmo or Paypal. Contained within the email was the step by step process that include how I email my account number, the points we agreed up and the $'s I sent via Paypal. This person was going to send an email with my info to Marriott Customer Service and follow it up with a call to customer service. It was obvious that the person has done this before. I called the person and had a nice long chat. The person owned two 1/4 share timeshares. The place was mentioned but I did not pay attention. It began with an R I believe. Anyway the person used to sell to a few people that purchased large blocks of points. Since the change of not being able to rent more than 20K points to a person, many of those same people are not reaching out so she is using VPC to sell smaller block to more people. She actually got rid of one of the 1/4 shares though the reason was not mentioned. So, a long abut way to get to your question. I do think the change has impacted the bigger renters and if it did, it must impact what they do with the points.

 

[winger]

I rented points on Vacation Points Exchange today. Unless I recognize the ID as a Tug ID, I put my phone number in the message to chat. The email I got back had a phone number and a different personal email address that would be use for Venmo or Paypal. Contained within the email was the step by step process that include how I email my account number, the points we agreed up and the $'s I sent via Paypal. This person was going to send an email with my info to Marriott Customer Service and follow it up with a call to customer service. It was obvious that the person has done this before. I called the person and had a nice long chat. The person owned two 1/4 share timeshares. The place was mentioned but I did not pay attention. It began with an R I believe. Anyway the person used to sell to a few people that purchased large blocks of points. Since the change of not being able to rent more than 20K points to a person, many of those same people are not reaching out so she is using VPC to sell smaller block to more people. She actually got rid of one of the 1/4 shares though the reason was not mentioned. So, a long abut way to get to your question. I do think the change has impacted the bigger renters and if it did, it must impact what they do with the points.

Wouldn't happen to be a Grand Residence (up in Lake Tahoe) owner?

 

[winger]

.65 - .70 a point is a pretty high bar. You can rent or use alternative resorts or AirBnBs of similar quality for a lower price. The market for travel is also softening from Covid highs. We've seen this in a popular resort area where we own a ST vacation rental.

If owners really want to cover 2024 MF by renting out points then you might see supply and demand with lower prices being offered just to cover MF.

For a Club Points-only ownership, I believe the 2024 MF will be over $0.80/pt (including the Club Fee) , so an owner of these wanting to rent out points to strictly to cover MFs will have a hard time doing so.

 

[DRH90277]

? - As an alternative, would it be to one's advantage to use the points for points reservations and then rent out those reservations? If so, does anyone have any suggestions of resorts that might be particularly good for these rentals?

I'm hoping there is an alternative to renting out the points in a potentially flooded market.

Recently, I had about 700 (60 day restriction) points to be used this year and could not find much we wanted to do here on the East Coast. So, I obtained a fall reservation at Mountain Side in Park City and then found some nearby family members who were delighted to use the reservation. Two couples are getting together for 6 days and start their reservation on Sunday. They are so excited.

 

[Retired2025 aka AlmostRetired]

Wouldn't happen to be a Grand Residence (up in Lake Tahoe) owner?

If that sells 13 weeks the answer is yes. The person lived in Northern California but is currently in Reno. It was 65 cents a point and the fastest from payment to points of all my point rentals. From the time i finished chatting, I paid and had the points in my account in 20 minutes and was waitlisted for what I was looking for in 30.

I need two units at the GO for my kids to join me and only have 1. I tried calling up MVCI to change one of my owner weeks to the desired week but it wasn’t available. I am looking for a retrade on a grand chateau exchange I have, but no luck. So my only choices are renting a unit or points. I decided at 65 cents a point, it was less expensive to use points (. 65 x 4500 =2925) than renting. Plus if second unit becomes available in MVCI or I get a retrade I can rent the point week. BTW, at 78 cents a point that is 3500 which is in the neighborhood of renting.

 

[winger]

If that sells 13 weeks the answer is yes. The person lived in Northern California but is currently in Reno. It was 65 cents a point and the fastest from payment to points of all my point rentals. From the time i finished chatting, I paid and had the points in my account in 20 minutes and was waitlisted for what I was looking for in 30.

...

yes that location sells quarterly fractional shares. I think we dealt with the same lady! Glad it worked out for you

 

[dioxide45]

I suspect excess supply is simply because people are cutting back on travel. We saw in 2022 and 2023 a constriction in supply on VPE, this was because people were either using their points to travel for themselves, or the points were getting rented fairly quickly after being posted. We have seen a glut of excess inventory hitting Destination Escapes this fall and a bunch of Marriott resorts hit II accommodation certificates for this fall also. There is simply more people staying home now after they went on travel overload after the pandemic subsided.

 

[Retired2025 aka AlmostRetired]

yes that location sells quarterly fractional shares. I think we dealt with the same lady! Glad it worked out for you

Curious on your last sentence. Did you have some challenges and if so, what were they?

 

[Quilter]

I was checking out the Vacation Point website and noticed an awful lot of owners trying to rent their 2024 Marriott points at the present time.

Does anyone think that this is a direct result of Marriott shutting out those bigger renters who used to scoop up very large numbers of points and then turn around and rent out reservations?

Curious to hear what others have experienced.





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My thought is that it is directly related. Are you seeing more individuals from Ritz Carlton Club renting?

 

[winger]

Curious on your last sentence. Did you have some challenges and if so, what were they?

No problems at all, on the contrary, the rental went as smooth as I would have wanted. MY last sentence was simply I was glad your experience went well !

 

[Retired2025 aka AlmostRetired]

Does anyone think that this is a direct result of Marriott shutting out those bigger renters who used to scoop up very large numbers of points and then turn around and rent out reservations?

As I posted just about a year ago, after many years of being on the sideline I jumped into the points world by renting. I also mentioned I best learn by doing. Up until last night, I thought an owner could not rent more than 20K to one person and the person renting could not rent more than 20K from one person. I think I now fully understand your question.

I was 15 points shy of using the last 775 points in my account to book one week at the MGO in December. The points expire in 2023 so it was an easy way to recapture the cost and make a few $ in the process. I called the person who I rented points from in 2024, explained the reason, and asked if they have any remaining points in 2023. They did and offered to transfer the points for free. She called me be back and said I was over the limit of points allowed to be gifted or transferred in year. This was the first time I understood there was a transfer limit on the receiving end. We had a nice conversation on how this has impacted her as someone who relied on big transfer clients and the need to replace them by a lot of little one. In any case, I was not at the limit, so I thought. In calling up MVCI, I learned that the points I rented that expired in 6/2024 counted in 2023, the year the points began. I just took 15 of those points already used and replaced them with 2024 points.

Back to your question. Owners who had big renters who rely on consistently year to year. This has dried up. They now need to advertise, and do it for long periods of time to get rid of them. I asked but she did not share what they rented her points to the large point renters. She did remind me that I paid less than any of the others for 2024 points. They also view the price per point differently than the "normal" enrolled owner. They view the market from cost up pricing and I think most enrolled owners view it from a DP price down. In any case the DP owner could be really squeezed this year and every year moving forward.

A point of interest I added after the post. It turns out I rented a little over 21,000 points in 2023. I am not sure how the cap shut off works. It is either manual which I doubt, it allows the compete transfer that gets you over 20,000 or it didn't count the points transferred before the announcement was made or some other reason I can not think of.

 

[joybeckerley1]

[Please recommend some good places to rent my Marriott points <- edited by DeniseM to comply with forum rules ]

 

[dioxide45]

[Please recommend some good places to rent my Marriott points <- edited by DeniseM to comply with forum rules ]

I would look at listing them on VacationPointExchange yourself. Pay the small fee to have you verified.