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

[Theiggy]

It is expensive, but if you have one or more fairly high-point value un-enrolled week(s) and need/want a lot of Destination Points, it's probably the cheapest path to take. It can result in a cost per point of well under $6/point, which is even lower than buying resale destination points.

What’s the maint fee on 3k points?


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[Fasttr]

What’s the maint fee on 3k points?

Currently $0.553 per point, so $1,659

 

[JIMinNC]

What’s the maint fee on 3k points?


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$0.553 per point, or $1659.

Edit: Fasttr was "faster" than me!

 

[Fasttr]

$0.553 per point, or $1659.

We must have gone to the same school. ;-)

 

[Theiggy]

I think my Surf Club gold ocean view gets about 3500 points? Does that sound right?


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[Fasttr]

I think my Surf Club gold ocean view gets about 3500 points? Does that sound right?

3075 is its a 2BR per StevenTing's chart here.... https://docs.google.com/spreadsheet...ufN5LoXo9b9eJhegQ326PFHBP8/edit#gid=917704386

 

[JIMinNC]

I think my Surf Club gold ocean view gets about 3500 points? Does that sound right?


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According to Steven Ting's spreadsheet
https://docs.google.com/spreadsheet...ufN5LoXo9b9eJhegQ326PFHBP8/edit#gid=917704386

Surf Club Gold OV is 3075

Edit: Faster Again!

 

[Theiggy]

You two are in sync today !!!


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[bazzap]

So my 3 remaining unenrolled Resale weeks, which I bought for approx $8k total, I could enrol for an additional spend of only approx $77k = 5,500 x $13.96 (less discount, but plus extra MFs)
Wow, what a deal where do I sign up ?!!!

 

[JoJo12]

I am here at MOC for the first time in my 3BR legacy fixed week that I bought last year for $45k. So I could buy another 2BR fixed week OR enroll my existing week. I will take another week any day.

 

[dioxide45]

Nothing new to see here?

 

[JIMinNC]

They are indeed pricey. We are still intrigued by these post-2010 enrollment specials, but the high cost remains a barrier we have yet to be able to fully justify. It was easy to pass on this year's offer since we only have a single EOY Maui Ocean Club week to enroll, and an EOY week is an even more cost ineffective enrollment option with this promo. Had they cut the point buy to 1500 for an EOY we would have probably done it this year, but that's not part of the offer. You can enroll two EOY weeks for the 3000 points, but they won't cut it in half.

We've decided to wait until after our Feb/Mar 2019 Hawaii trip, and use that trip to help us to first better define what other EOY or EY Hawaii resale week(s) we might want in order to facilitate our Hawaii travel plans over the next 15-20 years. Once we determine that, and acquire those weeks (if any), we'll evaluate whatever enrollment offers come on the table after that point. I'm sure it will still be expensive, though, and that will be the major barrier to economic justification. Maybe we'll get lucky and GregT's prediction comes true that for the 10th anniversary of the DC in 2020 they offer some type of high-fee-based enrollment option for post-2010 external weeks. I ain't holding' my breath though for that one.

 

[JIMinNC]

Oh...and it might make sense for the OP or a moderator to fix the typo in the thread title...Points, not Ooints...to better facilitate future searches for this topic.

 

[JanT]

They're out of their minds!!!

 

[dioxide45]

They're out of their minds!!!

Or they are genius. THey seem to do well with this, or they wouldn't continue to offer it every year. It must incent enough people to take them up on it.

 

[JIMinNC]

Or they are genius. THey seem to do well with this, or they wouldn't continue to offer it every year. It must incent enough people to take them up on it.

Yes, despite the cost, it can be a very tempting offer because it is about the only way to get access to a boatload of Destination Points now at anything approaching a "reasonable" cost (whatever "reasonable" means in the world of points).

Look at it this way, for someone with a Maui Ocean Club Lahaina/Napili villa 2BR OF Float week worth 7475 points, buying 3000 DPs at a cost of $34K or so instantly elevates you to Presidential level. If you paid $25K for that week resale, your total cost would be around $60K all-in with closing costs, etc. That's about $5.73 per point. At Marriott DP prices, that same 10,475 points would probably cost over $115K. Someone with two of those weeks, could buy 4000 points at a cost of about $45K. Added to the $50K cost of those two Maui weeks, the $95K total cost for 18,950 DPs is about $5/point, versus over $200K from MVC.

That's obviously an extreme example, but it's not hard to find other examples with only slightly worse numbers. In today's post 6/2010 world, there aren't many other ways to get boatloads of points that cheaply.

 

[JanT]

Well...very true. It seems to be working well for them. I really didn't mean to insult anyone who takes them up on the offer. I understand a lot of people love the DC points program and when you break it down it makes sense for them. It's just a bit too rich for my blood. That being said, I'm happy for everyone who wants to and can take advantage of it.

Or they are genius. THey seem to do well with this, or they wouldn't continue to offer it every year. It must incent enough people to take them up on it.

 

[SMB1]

It is expensive, but if you have one or more fairly high-point value un-enrolled week(s) and need/want a lot of Destination Points or to easily get to Presidential or Chairman's status, it's probably the cheapest path to take. It can result in a cost per point of well under $6/point, which is even lower than buying resale Destination Points.

Agreed. This is what I did. I thought of it like a hybrid package. Got a great price on a platinum MOW on eBay. Wanted to enroll but couldn't. Got into this "special" offer for post 2010 weeks bought 3000 points for about 10.?? Per point. Averaged out to under $7 per point.

 

[dioxide45]

Well...very true. It seems to be working well for them. I really didn't mean to insult anyone who takes them up on the offer. I understand a lot of people love the DC points program and when you break it down it makes sense for them. It's just a bit too rich for my blood. That being said, I'm happy for everyone who wants to and can take advantage of it.

I certainly agree. Too expensive for us as well.

 

[StevenTing]

Yes, despite the cost, it can be a very tempting offer because it is about the only way to get access to a boatload of Destination Points now at anything approaching a "reasonable" cost (whatever "reasonable" means in the world of points).

Look at it this way, for someone with a Maui Ocean Club Lahaina/Napili villa 2BR OF Float week worth 7475 points, buying 3000 DPs at a cost of $34K or so instantly elevates you to Presidential level. If you paid $25K for that week resale, your total cost would be around $60K all-in with closing costs, etc. That's about $5.73 per point. At Marriott DP prices, that same 10,475 points would probably cost over $115K. Someone with two of those weeks, could buy 4000 points at a cost of about $45K. Added to the $50K cost of those two Maui weeks, the $95K total cost for 18,950 DPs is about $5/point, versus over $200K from MVC.

That's obviously an extreme example, but it's not hard to find other examples with only slightly worse numbers. In today's post 6/2010 world, there aren't many other ways to get boatloads of points that cheaply.

This is the exact pitch they tried on me. I bought my 2 Maui weeks for $68k. They’re worth 21,000 points. They want me to buy 4000 points to enroll both weeks for about another $44k. I would then have an additional 25,000 points at a little under $4.50 per point.

 

[GregT]

All,

I had several conversations with the corporate sales group in Utah leading up to the September 5th deadline. They were offering the promotion that has been well documented (ie, buy any of 1) Trust Points 2) Aruba Week or 3) St. Kitts Week and all my unenrolled weeks would get enrolled).

What was interesting was that they were insistent that this is the last time they would be offering this enrollment program. I told them that I really needed to understand how the system was going to change post-Starwood acquisition before making any further purchases. I still think Trust Points will be important to the cross-pollination of the systems, but need to see evidence before taking any further action.

They didn't have any information on what was planned, but did indicate that the talking points were all around "one big system", with "650,000 owners and 106 Vacation Clubs". I don't know what that means, and I also think that there will be future opportunities to enroll our weeks.

But I thought the insistence that this was the last time this particular program would be offered was interesting.

Best,

Greg

 

[mjm1]

Greg, thanks for the update. It will be interesting to see what enhancements/changes are made going forward. I’m sure the sales team is looking forward to hearing the details as many people may hold off on any further purchases until they know what the program will hold just like you did. Of course, they always seem to be changing things and that will likely continue, but this is another major change.

Best regards.

Mike

 

[taterhed]

Thanks Greg.

Yes, if the momentum stops (everyone holding breath)............it just might take a pretty good nudge to get it going again.
I hope it's a good nudge (2010 kinda nudge).

 

[jimwu921]

just got off the phone with rep in headquarter. Took a good half hour to just get the price tag. I am interested but wants to wait for a better timing.....

3000 pts for 1 week
4000 pts for 2 weeks
5500 pts for 3-7 weeks

$10.18 per pts at 4000 level with $5000 discount paying with cash, total will be $35720. Per pt price drops to $8.93.

Incentive: 12000 plus points (different than regular point?) good for 3 year

 

[frank808]

just got off the phone with rep in headquarter. Took a good half hour to just get the price tag. I am interested but wants to wait for a better timing.....

3000 pts for 1 week
4000 pts for 2 weeks
5500 pts for 3-7 weeks

$10.18 per pts at 4000 level with $5000 discount paying with cash, total will be $35720. Per pt price drops to $8.93.

Incentive: 12000 plus points (different than regular point?) good for 3 year

Points purchase is the same amount for enrollment of post 2010 weeks. The points price and incentives are higher than what I was given in July 2019. I was offered a 20% discount off the $14 dollars price and it came out to about $58k for 5000 points. Did not get a discount for paying cash and no bonus points.

Those 12k plus points are worth at least $7200 so it would bring the price down to $28720 for 4k DC points at $7 a point. Cheapest price I have seen for direct purchase of DC points with enrollment of existing weeks yet.

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