You asked, I answer. Trust is earned. It would be naïve to believe that the developer wants to keep the lion’s share when it comes to things we can see, but when it comes to things we cannot see, like the entire inventory, the developer becomes suddenly a beacon of fairness. I will give just few examples.I just don't understand the rabid distrust of Marriott. I suppose I understand disliking Marriott - I probably would dislike Vistana if it had been Vistana absorbing Marriott and not the other way around. But distrust? Why? What warrants it?
Rock bottom resale market? Great for Marriott because they can acquire a lot of cheap inventory, bad for the owners that must sell, they lose more money than they should. This is by design, not by accident and many rules are in place to make sure this will stay this way (stripping resale units of certain features, ROFR etc). This is also bad for owners because it means fewer new resorts, it is a lot more expensive to build than getting inventory for free.
Do you want to book a good week for your vacations or maybe to rent? So does Marriott, and their rental income has grown very nicely over the years. It may be because they have more inventory or because they have the ability to book more high demand weeks. Nobody knows the answer and we are supposed to trust them blindly but clearly the fox is guarding the hen house when it comes to inventory.
The owners pay the maintenance fees, but do they benefit equally with the developer? Marriott rents a lot of units, and their guests typically get daily cleaning. I did not see in any budget that the developer pays more to compensate for the additional housekeeping costs.
If I am not mistaken, Vistana can rent the available nights at 0-60 days, and I am not aware of any compensation for the MF the owners pay for that inventory.
Some people are behind the maintenance fees and the owners have to bear the “bad debt”. After a certain period of time the developer gets those deeds for free. Maybe you would want to be able to buy certain units at very attractive prices if they become available… Not possible, their gain, your loss.
The higher the resort maintenance fees the more management fees for Marriott.
They restructured the Vistana customer service, savings for Marriott, big loss for the for owners. This lasted many months and even today it is not completely where it was before Marriott.
Poor availability in VSN at certain resorts at 8 months for January and February 2023? Very odd what is happening in VSN right now I would be curious to know how this relates to Abound when the new program has not even started yet.
You want to use VSN even after the integration? Well, you can, but Marriott does not make money with that exchange (no skim) so let’s give Abound more attractive features.
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