Observations on HGV Maintenance Fees

[GT75]

I have a few observations on HGV MFs which I thought I would share:

• MFs increases are trending up
  • 2020 average MF increase of around 5.03%
  • 2019 average MF increase of 4.16%
  • 2018 average MF increase of 3.62%
• HGV current trend is to raise the point values on the newer properties. This is making some of these new properties to have some of the best MF/point ratios in the system. For example, Ocean Tower is one of these properties. Sales in Hawaii is using this to try to sell to existing customers. I think that they try to upsell existing owners to convert to low MF/point by calling it a "super deed" or "mega deed".

I don't know what is the normal increase for some of the other TS systems such as Marriott but hopefully, someone will report.

 

[CalGalTraveler]

Thank you @GT75 for all of your hard work collecting annual MF. This is indeed a service to the community. Your indexing to the properties by year is fantastic and makes it really easy to find the link (I don't know how you do this but would love it if moderators of other TS forums would do this.)

Your observations are very interesting. A few thoughts:

• In my non-scientific eyeballing of the 2020 MF thread, I notice that Waikiki Properties such as Lagoon and Grand Waikikian had a big jump in fees. I wonder if this has to do with local labor markets and minimum wage increases?

• Fortunately my properties were below the average:
  • W57 Studios increased by 3.9% which would argue against min wage and labor markets in pricey NYC. However we had a 5.48% jump in MF in 2019; 2018 was 3.6%; 2017 was 5% again. So perhaps they already took labor markets into account and the Waikiki properties are playing catch up.
  • Paradise increased 1.6% (thank goodness!) 2 bdrm 7k only costs $85 more than Blvd 2 bdrm 7K

• Ocean Tower is low. But I wonder if this is subsidized by the developer until they sell this out and we will see a big jump?

 

[buzglyd]

Thank you @GT75 for all of your hard work collecting annual MF. This is indeed a service to the community. Your indexing to the properties by year is fantastic and makes it really easy to find the link (I don't know how you do this but would love it if moderators of other TS forums would do this.)

Your observations are very interesting. A few thoughts:

• In my non-scientific eyeballing of the 2020 MF thread, I notice that Waikiki Properties such as Lagoon and Grand Waikikian had a big jump in fees. I wonder if this has to do with local labor markets and minimum wage increases?

• Fortunately my properties were below the average:
  • W57 Studios increased by 3.9% which would argue against min wage and labor markets in pricey NYC. However we had a 5.48% jump in MF in 2019; 2018 was 3.6%; 2017 was 5% again. So perhaps they already took labor markets into account and the Waikiki properties are playing catch up.
  • Paradise increased 1.6% (thank goodness!) 2 bdrm 7k only costs $85 more than Blvd 2 bdrm 7K

• Ocean Tower is low. But I wonder if this is subsidized by the developer until they sell this out and we will see a big jump?

Yes on labor/union increases and a big property tax hike.

 

[hurnik]

Thanks for doing all of this!!

I'd say that the "average" is maybe a little higher due to the Hawaii locations that seemed to be 8+% increases vs. the rest which seemed to be 3-4% increases (I think there was maybe one other region that had above a 5% increase). I'm guessing Hawaii was due to possibly taxes, and tourism impacts (the volcano affected things), etc.

 

[GT75]

I don't know how you do this but would love it if moderators of other TS forums would do this.

Thanks for the kind words. I know that I received help from I think the Marriott moderator when I got started in doing this. I thought that it was needed information for when I was purchasing a resale unit just for the point value allow (obviously if purchasing for location, then this information isn't necessary). Somehow, I also feel that sales have added their own spin to "upsell" existing owners on these "super deeds". Honestly, it really isn't that hard to do because I keep up with the excel spreadsheets whenever new MFs are added.

I think there was maybe one other region that had above a 5% increase

Good point. You are correct, Oahu resorts increase by ~8-10% and also Boro alle Vigne and Valdoro (of course where I own) each around 8%. Most of the others are in the 3-5% range with the true affiliates being some of the lower.

 

[hurnik]

Thanks for the kind words. I know that I received help from I think the Marriott moderator when I got started in doing this. I thought that it was needed information for when I was purchasing a resale unit just for the point value allow (obviously if purchasing for location, then this information isn't necessary). Somehow, I also feel that sales have added their own spin to "upsell" existing owners on these "super deeds". Honestly, it really isn't that hard to do because I keep up with the excel spreadsheets whenever new MFs are added.


Good point. You are correct, Oahu resorts increase by ~8-10% and also Boro alle Vigne and Valdoro (of course where I own) each around 8%. Most of the others are in the 3-5% range with the true affiliates being some of the lower.

Again, MANY thanks for doing this. I love when I read the FB groups and it sounds like everyone is getting 10-20% MF increases and then we refer them over here and that solves that. LOL!

 

[Robin G]

I’m with Shell Kona Coast ( not points), my fee went up $7.50...I’ll take that.