Latest MVC DC Pts Offer w/ Post 6/20/2010 DC Resale Weeks Enrollment

[hangloose]

Just received via email. Looks to be similar to the program that has been run in past.

Still too pricey in my view. I'm awaiting an opportunity to enroll my post 6/20/2010 resale weeks at a cost per week..without DC Pts purchase. Fingers crossed! I'm patient.

 

[mjm1]

Thanks for sharing. We are only just over two months from the 10 year anniversary of the program, so like you and others we are hoping to see a special offering around that time. With sales slowing due to the virus it doesn’t surprise me that they would offer this current special now. I would be surprised to see owners opt for this given the current economy. Hopefully our patience will pay off.

Best regards.

Mike

 

[rickandcindy23]

Thanks for sharing. We are only just over two months from the 10 year anniversary of the program, so like you and others we are hoping to see a special offering around that time. With sales slowing due to the virus it doesn’t surprise me that they would offer this current special now. I would be surprised to see owners opt for this given the current economy. Hopefully our patience will pay off.

Best regards.

Mike

Well, yeah, I am waiting for a better offer. How much would it cost for enrolling two weeks with a 4,000 point purchase? Much more than I want to pay, especially now. Timeshares are going to be a dime a dozen pretty soon.

 

[mjm1]

Well, yeah, I am waiting for a better offer. How much would it cost for enrolling two weeks with a 4,000 point purchase? Much more than I want to pay, especially now. Timeshares are going to be a dime a dozen pretty soon.

Agreed. The cost for 4,000 points would be the going rate less a 20% discount based on prior offerings for 4,000 points. It would be around $47k plus closing costs.

Mike

 

[Dean]

Just received via email. Looks to be similar to the program that has been run in past.

Still too pricey in my view. I'm awaiting an opportunity to enroll my post 6/20/2010 resale weeks at a cost per week..without DC Pts purchase. Fingers crossed! I'm patient.

View attachment 19179

I'm skeptical you'll ever see a "reasonable" price to enroll post 2010 weeks without an additional purchase but if that's the only way it makes sense for you, you've lost nothing but usage options along the way. OTOH, if being a DC member is obviously beneficial for you, there are potentially marginally cheaper ways to do so which I'm sure you already know about. I'm not sure how many weeks you're looking to enroll but what I could see them doing is allowing one over. Maybe allowing 3 weeks for 4000 pts instead of requiring the 5500 points. I also believe there is increased flexibility on the purchase of weeks enrollment options like Aruba/St. Kitts so you might see more options there. I know my enrollment last year buying an Aruba week saved me an additional 20% off the discounted price of buying 5500 pts. It also gave me lower dues and is a week I'll use.

 

[Steve Fatula]

I'm skeptical you'll ever see a "reasonable" price to enroll post 2010 weeks without an additional purchase but if that's the only way it makes sense for you, you've lost nothing but usage options along the way. OTOH, if being a DC member is obviously beneficial for you, there are potentially marginally cheaper ways to do so which I'm sure you already know about. I'm not sure how many weeks you're looking to enroll but what I could see them doing is allowing one over. Maybe allowing 3 weeks for 4000 pts instead of requiring the 5500 points. I also believe there is increased flexibility on the purchase of weeks enrollment options like Aruba/St. Kitts so you might see more options there. I know my enrollment last year buying an Aruba week saved me an additional 20% off the discounted price of buying 5500 pts. It also gave me lower dues and is a week I'll use.

Yeah, that's my thought too. If they did allow it, it would kinda make me mad actually. Sorry for that thought, but it's true.

 

[csodjd]

Maybe they would entertain a counter-offer? Say you have two weeks, you can counter you'll enroll both for the 3000? Or just counter on the (unstated) price per point?

 

[hangloose]

I'm skeptical you'll ever see a "reasonable" price to enroll post 2010 weeks without an additional purchase but if that's the only way it makes sense for you, you've lost nothing but usage options along the way. OTOH, if being a DC member is obviously beneficial for you, there are potentially marginally cheaper ways to do so which I'm sure you already know about. I'm not sure how many weeks you're looking to enroll but what I could see them doing is allowing one over. Maybe allowing 3 weeks for 4000 pts instead of requiring the 5500 points. I also believe there is increased flexibility on the purchase of weeks enrollment options like Aruba/St. Kitts so you might see more options there. I know my enrollment last year buying an Aruba week saved me an additional 20% off the discounted price of buying 5500 pts. It also gave me lower dues and is a week I'll use.

Thanks Dean. For my portfolio, I own 5 MVC weeks of which 3 are enrolled. This places me into the Presidential tier, which I am happy with. While I wouldn't mind being in Chairman's Club eventually, there isn't a lot more additional value worth any form of significant invest. My 2 weeks that are not enrolled, are my Hawaii resale weeks.

Like you, I don't know whether enrolling post 2020 weeks will happen eventually or not without an additional DC Pts purchase. I am just hopeful. But, I can be patient and am in no rush to spend $47k to get 4K DC Pts allowing enrollment of my 2 resale Hawaii weeks. Just not worth it.

Near term, I have to imagine MVC will need ways to show cashflow with no direct marketing (lowering sales drastically) while resorts are closed and the downstream economy impact of COVID to many will prohibit timeshare purchases via extra cashflow. Long term, I have to imagine MVC will want to try to simplify their program....perhaps finding some way to get a majority of legacy weeks owners enrolled so they can use the pts program flexibility (and so they can obtain the annual fees). Only time will tell.

 

[Dean]

Thanks Dean. For my portfolio, I own 5 MVC weeks of which 3 are enrolled. This places me into the Presidential tier, which I am happy with. While I wouldn't mind being in Chairman's Club eventually, there isn't a lot more additional value worth any form of significant invest. My 2 weeks that are not enrolled, are my Hawaii resale weeks.

Like you, I don't know whether enrolling post 2020 weeks will happen eventually or not without an additional DC Pts purchase. I am just hopeful. But, I can be patient and am in no rush to spend $47k to get 4K DC Pts allowing enrollment of my 2 resale Hawaii weeks. Just not worth it.

Near term, I have to imagine MVC will need ways to show cashflow with no direct marketing (lowering sales drastically) while resorts are closed and the downstream economy impact of COVID to many will prohibit timeshare purchases via extra cashflow. Long term, I have to imagine MVC will want to try to simplify their program....perhaps finding some way to get a majority of legacy weeks owners enrolled so they can use the pts program flexibility (and so they can obtain the annual fees). Only time will tell.

Thanks for sharing the information. I don't see how they can give you a deal that would make that situation worthwhile assuming you'll use or rent the HI weeks most of the time. As Steve noted, they really can't give a deal that would be great for you as it could cause a backlash from many others. Personally I don't believe that someone else's gain is necessarily my loss and I don't know that even if they allowed you to enroll for free that it'd aggravate me too much but I could certainly see how many would feel that way and I don't think I could blame them.

I think they have some flexibility when purchasing weeks to allow enrollment like Aruba & St. Kitt's and they have flexibility on the number of weeks esp above 7. So even if a "deal" comes along you're likely looking at $25-30K with a weeks purchase. Obviously you'll have to decide where the cut point is for you. My situation last year was relatively similar in some ways though it involved enrolling 7.5 weeks and I was already Chairman's Club. Of those 7.5 weeks 6 were Grande Ocean which I use most years, 1 Harbour Lake which I would trade routinely whether it be in II or for points and one HI (EOY) which I'll use about 40% of the time and take points the rest or rented not enrolled. For the short term it likely didn't make sense but in long term planning, I thought it did. My thinking was it'd give me more long term options and flexibility plus it'd allow me to ultimately split the ownership in 2 both contract being Chairman's Club, which I'll do when I add the adult kids to all the deeds in a couple of years. The kicker was the enrollment purchase was an Aruba 3 BR where we go about EOY and a 3 BR is a perfect unit for our usual trips there.

When I did my enrollment I was told by the sales staff from Aruba that the cutoff for enrollment purchasing a week was dollar based. They quoted the cutoff of $48K to meet the enrollment requirements of 7 weeks compared to $62K for 5500 points. They did not quote me the requirements for 1 or 2 weeks but extrapolating from the points requirements I'd guess it'd be a 1 BR Platinum at Ocean Club, 2 BR Gold at OC, 2 BR OS/OV Gold at Surf Club or a 2 BR Platinum Garden view or something similar to get it done buying one week. I do know they have some flexibility in that my ultimate purchase was $47,100 and I enrolled 7.5 weeks. Their original offer had been for 2 gold weeks then when I said no they didn't have anything to offer and at the time did not have any platinum weeks. A week or so later they came back with a platinum OC 2 BR but I did have to buy 250 pts to get the total price to the cutoff. I said yes then they later offered the 3 BR without the 250 pts which was a better deal for me.

If you're willing to spend $25-30K I suspect you'll eventually be able to get it done, if not, I probably wouldn't put any effort into it as it's likely a futile situation. If you are serious I might suggest you contact the internet sales center and then directly to Aruba and St. Kitt's and let them know your interest. Of course another option is to add several weeks cheap over the next year and go bigger with enrollment as you're enrollment costs would not be much different.

 

[disneymom1]

If I'm not mistaken, previous offer to enroll post 2010 weeks was a required purchase of 4000 points to enroll 2 or 3 weeks. We own 3 weeks and already walked away from that offer. Now it is 5500 points to enroll 3 weeks! It's even easier to walk away from this new offer. We don't need 4000 points (and accompanying maintenance fees) let alone 5500 points.
It would be nice if Marriott for the 10th year anniversary allowed us to enroll our weeks with either no points purchase required (for a fee of course) or perhaps a much smaller points purchase.

 

[Dean]

If I'm not mistaken, previous offer to enroll post 2010 weeks was a required purchase of 4000 points to enroll 2 or 3 weeks. We own 3 weeks and already walked away from that offer. Now it is 5500 points to enroll 3 weeks! It's even easier to walk away from this new offer. We don't need 4000 points (and accompanying maintenance fees) let alone 5500 points.
It would be nice if Marriott for the 10th year anniversary allowed us to enroll our weeks with either no points purchase required (for a fee of course) or perhaps a much smaller points purchase.

I know back to 2018 the requirement for 3 weeks was the same as 7, I'm not certain for before that. I believe it was 5000 instead of 5500 pts though at one time.

 

[disneymom1]

When we owned 2 weeks, we were offered the ability to enroll 2 or 3 weeks for 4000 points purchase. We were planning to purchase a 3rd week, so we held off. I'm almost positive we were given the same offer the following year after we purchased our 3rd week to enroll all 3 weeks. Maybe we were given the same offer as part of an Encore? This could have been 2016, 2017 or 2018.
We travel mainly in platinum season, so buying weeks makes more sense for us. The maintenance fees for the number of points needed for a platinum week at the same resorts costs about twice the maintenance fees on the weeks.

 

[Fasttr]

Here was the original deal back in 2015. Appears it’s always been 1, 2, 3-7 from the beginning. Note, you need to expand Greg’s quote to see the full deal.

Ongoing Sales Incentive - Enrolling Post-6/20/10 Weeks [MERGED]

All, I have reason to suspect that Marriott will soon announce a program whereby owners of weeks purchased after June 2010 will have the opportunity to enroll their weeks if the owner purchases Trust Points directly from Marriott. This sounds like a version of the hybrid purchase, except that...

tugbbs.com

 

[disneymom1]

I stand corrected. Thank you!

 

[GregT]

All,

I guess I have two reasons for thinking that Marriott will one day offer an amnesty program and allow post-2010 weeks to be enrolled. I could be wrong, of course, but this is the thinking, such as it is.

I've always believed that Marriott views enrolled owners as prime targets to sell points too. After 10 years, there are alot of owners that own weeks that are not enrolled, and would have traditionally declined to purchase more points under the previous programs. However, if those owners are allowed to enroll for a reasonable cost and then some of them redeem their weeks for points, they will like the points experience but see that they need more points (and thus buy them). I think this is similar to the position of owners who enrolled in 2010 and then bought points in 2011-2013. I would think Marriott has analyzed this scenario to see if they could repeat it in the next couple of years with the current non-enrolled owners.

The second reason is that I believe a Vistana/Marriott points overlay is planned, and that Vistana owners will want to access certain Marriott Platinum and High Quality Gold weeks as their primary targets. Aruba, Big Island, Oahu, places that are currently not available within StarOptions. I think Marriott will want to increase the supply of those weeks in the Exchange Inventory and there is a fair amount of that inventory held by unenrolled owners. I'm not smart enough to know if the supply from Vistana weeks being available to the Exchange Inventory will compensate on the increased pressure for the best Marriott weeks, so I think expanding that supply of weeks would be logical for Marriott to do. No doubt Marriott owners want to go to Harborside, Mexico and St. John, I just don't know if this will create an imbalance, or deterioration in the reservations experience, which is currently very good. But allowing non-enrolled owners to enroll for a fee would increase the Exchange Inventory, which is healthy for all parties.

If there is an amnesty program, I don't think it will be cheap, but I also don't think it will be prohibitively expensive. It was $2K in 2010 to enroll multiple weeks (but they really needed our inventory back then to make the system work). Going forward, I could see something like $2K for a single week and $5K to enroll everything -- something like that. Who knows? The $2K single week is probably the best teaser because the points from a single week aren't enough to effectively use the system -- that person probably needs to buy more points in the next few years once they've played with points. We had multiple skeptics on the point system in 2010 who then found that changing circumstances in future years made them avid points fans.

We will see -- I've always thought the 10 year anniversary was a logical time, however the rollout of the Vistana/Marriott points overlay is the other logical time. Interesting stuff.....stay safe and be well!

Best,

Greg

 

[JIMinNC]

All,

I guess I have two reasons for thinking that Marriott will one day offer an amnesty program and allow post-2010 weeks to be enrolled. I could be wrong, of course, but this is the thinking, such as it is.

I've always believed that Marriott views enrolled owners as prime targets to sell points too. After 10 years, there are alot of owners that own weeks that are not enrolled, and would have traditionally declined to purchase more points under the previous programs. However, if those owners are allowed to enroll for a reasonable cost and then some of them redeem their weeks for points, they will like the points experience but see that they need more points (and thus buy them). I think this is similar to the position of owners who enrolled in 2010 and then bought points in 2011-2013. I would think Marriott has analyzed this scenario to see if they could repeat it in the next couple of years with the current non-enrolled owners.

The second reason is that I believe a Vistana/Marriott points overlay is planned, and that Vistana owners will want to access certain Marriott Platinum and High Quality Gold weeks as their primary targets. Aruba, Big Island, Oahu, places that are currently not available within StarOptions. I think Marriott will want to increase the supply of those weeks in the Exchange Inventory and there is a fair amount of that inventory held by unenrolled owners. I'm not smart enough to know if the supply from Vistana weeks being available to the Exchange Inventory will compensate on the increased pressure for the best Marriott weeks, so I think expanding that supply of weeks would be logical for Marriott to do. No doubt Marriott owners want to go to Harborside, Mexico and St. John, I just don't know if this will create an imbalance, or deterioration in the reservations experience, which is currently very good. But allowing non-enrolled owners to enroll for a fee would increase the Exchange Inventory, which is healthy for all parties.

If there is an amnesty program, I don't think it will be cheap, but I also don't think it will be prohibitively expensive. It was $2K in 2010 to enroll multiple weeks (but they really needed our inventory back then to make the system work). Going forward, I could see something like $2K for a single week and $5K to enroll everything -- something like that. Who knows? The $2K single week is probably the best teaser because the points from a single week aren't enough to effectively use the system -- that person probably needs to buy more points in the next few years once they've played with points. We had multiple skeptics on the point system in 2010 who then found that changing circumstances in future years made them avid points fans.

We will see -- I've always thought the 10 year anniversary was a logical time, however the rollout of the Vistana/Marriott points overlay is the other logical time. Interesting stuff.....stay safe and be well!

Best,

Greg

The other wild-card now is how will the travel and economic disruption in 2020 (and perhaps beyond) impact their plans for 10th anniversary promos and the points overlay? One theory is the need to boost revenue could incentivize them to develop innovative programs, but the lack of on-site sales in closed or nearly vacant resorts would make marketing such a milestone program a huge challenge. We'll have to wait and see.

Ever since we bought our first post-2010 resale week a few years ago, I've been interested in these enrollment amnesty promos. But the last two summers we've only had our EOY Maui Ocean Club week that was eligible for the promo, so it made even less sense to spend $30K+ to enroll what is essentially a half of a week. Now that we also own an EOY Marriott Waiohai week, assuming the rules for EOY weeks are the same as in the past, we could now enroll both EOY weeks for the single week 3000 points. But given the economic disruption and the enormous uncertainty of how long this situation will last, I am unwilling to even consider increasing our timeshare exposure until the path forward becomes more apparent. I'm not even sold that spending $30K+ works for us even in normal times, but certainly not now.