Legacy Points vs Abound program and Encore value

[jfpii]

I have read a number of threads on this topic so forgive any redundancy but I wanted some learned opinions on a few specific questions. Like everyone we loathe presentations but after a few years did one in hilton head and it generated a few questions.

1). Confirm that the overall value of "abound" vs using legacy points is somewhat meaningless in regards to inventory and availability? I understand that two inventory pools exist but does anyone have any real data that supports those sales claims. My read on the presenter was as soon as he was pushed he had no good answers and changed the subject. That long diatribe was to ask is their any greater "access" to inventory for "hybrid" owners?

2). They offered to convert a Manor club to "abound" points buying it back at the original purchase price in points. So our platinum week from 2005 is worth what it was then and Marriott buys it while selling you something more expensive. This was great news as it told me hold on to the legacy week as tight as we can since they must need inventory for the points program.

3) Does anyone have a way to value the "free" points in an encore presentation. At HH they offered 4 or 5 nights as $1595 plus 1500 one time abound points. Is there an estimate of the value of 1500 non peak season abound points? If so I'd love to hear an estimated value.
4). Finally if you are in the abound program and add a unit from a private sale is it automatically points eligible? We have two now that are in the points program would a third be eligible.

 

[dioxide45]

YOu can rent Abound points for about $0.70pp. So you could value them at that in terms of the Encore Package. It also seems you own a deeded week from 2005. If so, you don't need to buy anything to bring it into Abound. You can enroll it for free if it isn't already. As for post June 2010 resale weeks, those can only be enrolled buy purchasing lots of trust points direct for tens of thousands of dollars.

 

[DanCali]

I have read a number of threads on this topic so forgive any redundancy but I wanted some learned opinions on a few specific questions. Like everyone we loathe presentations but after a few years did one in hilton head and it generated a few questions.

1). Confirm that the overall value of "abound" vs using legacy points is somewhat meaningless in regards to inventory and availability? I understand that two inventory pools exist but does anyone have any real data that supports those sales claims. My read on the presenter was as soon as he was pushed he had no good answers and changed the subject. That long diatribe was to ask is their any greater "access" to inventory for "hybrid" owners?

No greater access in practice, but that pitch has been ongoing for 12+ years. Here is a link to my links on the topic:

Just attended owner's presentation-Salesperson stated all my Club Points I elect are almost worthless UNLESS I buy Club Points as a hybrid system?!?!

I just attended a sales presentation at SDO (one of the more miserable ones I have ever experienced). I am Chairman's Club and I own only in the Vistana system (no native Marriott ownership). Almost all of my purchases were mandatory resales except for a couple of developer purchases to...

tugbbs.com

2). They offered to convert a Manor club to "abound" points buying it back at the original purchase price in points. So our platinum week from 2005 is worth what it was then and Marriott buys it while selling you something more expensive. This was great news as it told me hold on to the legacy week as tight as we can since they must need inventory for the points program.

I assume they points they wanted to give you were at close to $17/point?

The problem with these offers is that everyone who buys from the developer gets a "deal". So they buy it back at the deal price but the new thing they sell you is not discounted. If you wanted to buy points outright you may get a "deal" for $13/point.

Regardless of that, the MFs per point would probably be much higher than your Platinum week, which already has access to Abound (or can be enrolled for free if you haven't done it since 2010).

3) Does anyone have a way to value the "free" points in an encore presentation. At HH they offered 4 or 5 nights as $1595 plus 1500 one time abound points. Is there an estimate of the value of 1500 non peak season abound points? If so I'd love to hear an estimated value.

As mentioned above, I'd also value those at $0.70/point

4). Finally if you are in the abound program and add a unit from a private sale is it automatically points eligible? We have two now that are in the points program would a third be eligible.

Resales bought after June 2010 are not eligible to enroll in Abound. They may offer to enroll them as part of a new developer purchase (points or a week in Aruba, Spain, or St Kitts).

 

[sponger76]

I have read a number of threads on this topic so forgive any redundancy but I wanted some learned opinions on a few specific questions. Like everyone we loathe presentations but after a few years did one in hilton head and it generated a few questions.

1). Confirm that the overall value of "abound" vs using legacy points is somewhat meaningless in regards to inventory and availability? I understand that two inventory pools exist but does anyone have any real data that supports those sales claims. My read on the presenter was as soon as he was pushed he had no good answers and changed the subject. That long diatribe was to ask is their any greater "access" to inventory for "hybrid" owners?

2). They offered to convert a Manor club to "abound" points buying it back at the original purchase price in points. So our platinum week from 2005 is worth what it was then and Marriott buys it while selling you something more expensive. This was great news as it told me hold on to the legacy week as tight as we can since they must need inventory for the points program.

3) Does anyone have a way to value the "free" points in an encore presentation. At HH they offered 4 or 5 nights as $1595 plus 1500 one time abound points. Is there an estimate of the value of 1500 non peak season abound points? If so I'd love to hear an estimated value.
4). Finally if you are in the abound program and add a unit from a private sale is it automatically points eligible? We have two now that are in the points program would a third be eligible.

1) The general consensus is that there was a difference in ability to book when the program was first introduced back in 2010, but after a while it seems they pretty much blend all the trust and elected weeks inventory into one big pot for everybody to reserve from.

3) As mentioned above, points rent for approximately 70 cents a point. That may be the best valuation basis, as the value of what people book with the points can vary wildly.

4) If you are already in Abound and buy a new unit resale, it will NOT be enrolled in Abound. You would have to make another purchase directly from MVC to enroll it, which is not only expensive, but also not always offered.

 

[rthib]

The only thing I would add is that valuing points, the advantage of owning vs renting points is getting you to a benefit level.
2) Don't assume that they think you week is valuable, it is just a sales tactic to make you feel like you didn't lose your investment.
Since they mention buying it for what you paid. is it a developer bought week. If so, you can enroll in points program for free by watching a video.
If it was a resale, then you didn't pay much for it and what they are offering is a really bad deal.