Mosescan
TUG Member
- Joined
- Jan 3, 2018
- Messages
- 362
- Reaction score
- 136
- Location
- Canada
- Resorts Owned
- HGVC - Vegas Blvd, Craigendarroch lodges x 2
This needs to be presented to someone in management who can see the numbers and realize they could increase profits. If it will make them more money then they would do it. BUT there has to be a big enough increase in profits to make it worth their while.+1 I like the idea of videotaping but it won't happen without regulation.
IMHO...I am surprised HGVC doesn't have a coordinated program for renting out owner units and reselling on Hilton.com or other sites. Although owners will earn less than they would themselves on Redweek or Tug they would be getting an EASY rental program for coverage of maintenance fees (+ profit or near coverage depending on the unit) for years owners cannot travel. HGVC could earn incremental income of a percentage of the rental fee. This is what some condo fractionals do for their owners.
This would increase property values because owners would be less likely to sell if they had an easy way to cover the costs and knew they could sell when needed (via reduced resale supply). It would also boost the value proposition of buying developer since owners would not be taking a bath on reselling. HGVC HOAs would have fewer delinquencies and dissatisfied customers which would increase efforts toward more positive customer experiences.
Hyatt Kaanapali has some type of program that they discussed with us in a presentation but I don't know details. I also see that Wyndham/Worldmark have a few sites for renting out timeshares, however I do not know if this is excess inventory they own or whether this is a bonafide program to help owners rent their units/points.