Percentage of weeks owners who went to new points program.

[ljlong15]

Not sure if that information is out there. I was just at a presentation at Lake Shore. Sales rep said 82% of weeks owners went to the points system. Wondering if that is true at all? I haven’t still. Like the flexibility of it though. Sometimes felt a week was to long on sone of our trips we have traded for. The price per point was $14.54 per point. Also said there would be less Marriott’s in Interval and once the other hotel chains come on board sounds like he was implying that I would not be happy with Interval. Any truth to all this?

 

[Pamplemousse]

Not sure if that information is out there. I was just at a presentation at Lake Shore. Sales rep said 82% of weeks owners went to the points system. Wondering if that is true at all? I haven’t still. Like the flexibility of it though. Sometimes felt a week was to long on sone of our trips we have traded for. The price per point was $14.54 per point. Also said there would be less Marriott’s in Interval and once the other hotel chains come on board sounds like he was implying that I would not be happy with Interval. Any truth to all this?

Enrolling your week does not commit you to points- you choose each year, each week, to use your home, deposit in II or elect points.
I personally see no change in MVC week exchange availability. It is possible this is due to the way I exchange- I deposit early, request early ( often a year in advance) and seldom travel high season.
I doubt the 82% figure. Think of all the resale weeks that aren’t enrolled. Took me years to enroll and I did it to save on fees.

 

[CPNY]

Not sure if that information is out there. I was just at a presentation at Lake Shore. Sales rep said 82% of weeks owners went to the points system. Wondering if that is true at all? I haven’t still. Like the flexibility of it though. Sometimes felt a week was to long on sone of our trips we have traded for. The price per point was $14.54 per point. Also said there would be less Marriott’s in Interval and once the other hotel chains come on board sounds like he was implying that I would not be happy with Interval. Any truth to all this?

anything for a sale!

 

[rthib]

I would not be surprised if the number of developer weeks that were enrolled was high. It was cheap and they offer for free often. For anyone with a lock off or multiple weeks it was a pretty simple choice.

 

[Pamplemousse]

I would not be surprised if the number of developer weeks that were enrolled was high. It was cheap and they offer for free often. For anyone with a lock off or multiple weeks it was a pretty simple choice.

It really wasn’t.
Marriott did a horrible job explaining the program early on. They emphasized using points and the number offered didn’t seem like a good deal compared to getting 2 week exchanges with my lock off on II. I was told I would never use interval again and the fee savings were not explained.

 

[tschwa2]

It may be true that those that purchased pre 2010, 82% have enrolled. For the last year or two, they offered enrollment at no cost. Certainly that number is not 82% of all weeks owners since I doubt more than 5-10% of the post 2010 owners have purchased enough points to allow enrollment into the DC/

 

[WBP]

Not sure if that information is out there. I was just at a presentation at Lake Shore. Sales rep said 82% of weeks owners went to the points system. Wondering if that is true at all? I haven’t still. Like the flexibility of it though. Sometimes felt a week was to long on sone of our trips we have traded for. The price per point was $14.54 per point. Also said there would be less Marriott’s in Interval and once the other hotel chains come on board sounds like he was implying that I would not be happy with Interval. Any truth to all this?

I suspect that 82% is an outright lie.

 

[goaliedave]

Not sure if that information is out there. I was just at a presentation at Lake Shore. Sales rep said 82% of weeks owners went to the points system. Wondering if that is true at all? I haven’t still. Like the flexibility of it though. Sometimes felt a week was to long on sone of our trips we have traded for. The price per point was $14.54 per point. Also said there would be less Marriott’s in Interval and once the other hotel chains come on board sounds like he was implying that I would not be happy with Interval. Any truth to all this?

14.54 82% lol. Surely you have learned better.

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[JIMinNC]

These numbers from the 2019 Marriott Vacations Worldwide Form 10-K Annual Report may help answer one of your questions. In the 10-K they say:

As of the end of 2019, approximately 185,000 weeks-based owners have enrolled approximately 292,000 weeks in MVCD’s exchange program since its launch in 2010, with more than 234,000 total owners able to use points.

The last time they stated specifically how many total owners that had in Marriott Vacation Club was in the 2017 10-K prior to the ILG acquisition, and then they said they had about 400,000 MVC owners. In 2018 and 2019 they only say that Marriott Vacations Worldwide has 660,000 total owners, but that includes the Vistana and Hyatt acquisition. They do disclose there are 187,000 Vistana VSN members and 32,000 members of Hyatt's point-based exchange program, so that leaves about 440,000 members who are either MVC owners or Vistana/Hyatt owners who aren't members of either VSN or Hyatt points. So, since we don't really know 2019 MVC numbers, I'll use the last real number we know of 400,000 from 2017, recognizing it may be a little more than that now.

So, based on these numbers, here is the math to estimate the percentage that have enrolled:

234,000 total owners able to use points minus 185,000 MVC enrolled owners = 49,000 MVC Points-only owners.

400,000 Total MVC owners minus 49,000 MVC Points-only owners = 351,000 MVC weeks owners

185,000 enrolled owners/351,000 total weeks owners = 53% enrolled

If my assumptions and approach are correct, I am surprised this number isn't higher. I wouldn't expect it to be 82%, but am surprised it isn't higher than 53%.

 

[goaliedave]

These numbers from the 2019 Marriott Vacations Worldwide Form 10-K Annual Report may help answer one of your questions. In the 10-K they say:

As of the end of 2019, approximately 185,000 weeks-based owners have enrolled approximately 292,000 weeks in MVCD’s exchange program since its launch in 2010, with more than 234,000 total owners able to use points.

The last time they stated specifically how many total owners that had in Marriott Vacation Club was in the 2017 10-K prior to the ILG acquisition, and then they said they had about 400,000 MVC owners. In 2018 and 2019 they only say that Marriott Vacations Worldwide has 660,000 total owners, but that includes the Vistana and Hyatt acquisition. They do disclose there are 187,000 Vistana VSN members and 32,000 members of Hyatt's point-based exchange program, so that leaves about 440,000 members who are either MVC owners or Vistana/Hyatt owners who aren't members of either VSN or Hyatt points. So, since we don't really know 2019 MVC numbers, I'll use the last real number we know of 400,000 from 2017, recognizing it may be a little more than that now.

So, based on these numbers, here is the math to estimate the percentage that have enrolled:

234,000 total owners able to use points minus 185,000 MVC enrolled owners = 49,000 MVC Points-only owners.

400,000 Total MVC owners minus 49,000 MVC Points-only owners = 351,000 MVC weeks owners

185,000 enrolled owners/351,000 total weeks owners = 53% enrolled

If my assumptions and approach are correct, I am surprised this number isn't higher. I wouldn't expect it to be 82%, but am surprised it isn't higher than 53%.

Nice

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[JIMinNC]

Not sure if that information is out there. I was just at a presentation at Lake Shore. Sales rep said 82% of weeks owners went to the points system. Wondering if that is true at all? I haven’t still. Like the flexibility of it though. Sometimes felt a week was to long on sone of our trips we have traded for. The price per point was $14.54 per point. Also said there would be less Marriott’s in Interval and once the other hotel chains come on board sounds like he was implying that I would not be happy with Interval. Any truth to all this?

One other thing...remember if you own a week purchased before June 2010, you should be able to enroll that week in the points system without buying "new" points at $14.54/point (or any price). Others can outline better than I can the various ways to enroll an eligible week, but some options are free.

 

[bazzap]

From talking to many other European MVC owners, I suspect the % here who have enrolled their weeks is far lower (well under 50%?) although I don’t believe this number has been reported by MVC.
Also of those who have enrolled, many will have done so for the other benefits which come with DC membership, e.g savings on the various MVC and II fees. So the % who have enrolled and regularly elect their weeks for points will be even lower.
We own across all MVC regions and have been enrolled since 2010, but it is only in the last couple of years that we have increasingly elected for points alongside II exchanges which still work very well for us.

 

[Dean]

These numbers from the 2019 Marriott Vacations Worldwide Form 10-K Annual Report may help answer one of your questions. In the 10-K they say:

As of the end of 2019, approximately 185,000 weeks-based owners have enrolled approximately 292,000 weeks in MVCD’s exchange program since its launch in 2010, with more than 234,000 total owners able to use points.

The last time they stated specifically how many total owners that had in Marriott Vacation Club was in the 2017 10-K prior to the ILG acquisition, and then they said they had about 400,000 MVC owners. In 2018 and 2019 they only say that Marriott Vacations Worldwide has 660,000 total owners, but that includes the Vistana and Hyatt acquisition. They do disclose there are 187,000 Vistana VSN members and 32,000 members of Hyatt's point-based exchange program, so that leaves about 440,000 members who are either MVC owners or Vistana/Hyatt owners who aren't members of either VSN or Hyatt points. So, since we don't really know 2019 MVC numbers, I'll use the last real number we know of 400,000 from 2017, recognizing it may be a little more than that now.

So, based on these numbers, here is the math to estimate the percentage that have enrolled:

234,000 total owners able to use points minus 185,000 MVC enrolled owners = 49,000 MVC Points-only owners.

400,000 Total MVC owners minus 49,000 MVC Points-only owners = 351,000 MVC weeks owners

185,000 enrolled owners/351,000 total weeks owners = 53% enrolled

If my assumptions and approach are correct, I am surprised this number isn't higher. I wouldn't expect it to be 82%, but am surprised it isn't higher than 53%.

Good info Jim, thank you. Do you have a feel for the % of owners who are eligible to enroll without a purchase? How about the definition of an "owner". Is it total names, total contracts or total weeks or some combination? I wonder if it's in the exchange audit they do yearly. I realize you likely don't have the answer to these questions but wanted to thank you for what you could provide and the work that went into it and to list some of the variables in ways to look at the number of "members". I wouldn't be surprised if the 82% were reasonably close based on the # of eligible weeks in some ways of looking at it but it's ultimately irrelevant as the benefit to the given individual is what's applicable.

 

[JIMinNC]

Good info Jim, thank you. Do you have a feel for the % of owners who are eligible to enroll without a purchase? How about the definition of an "owner". Is it total names, total contracts or total weeks or some combination? I wonder if it's in the exchange audit they do yearly. I realize you likely don't have the answer to these questions but wanted to thank you for what you could provide and the work that went into it and to list some of the variables in ways to look at the number of "members". I wouldn't be surprised if the 84% were reasonably close based on the # of eligible weeks in some ways of looking at it but it's ultimately irrelevant as the benefit to the given individual is what's applicable.

Without knowing how many of the theoretical 351,000 owners are post-6/2010 resale owners (thus ineligible to enroll without a points purchase), there is no way to truly know how many owners are eligible but haven't enrolled. But, if the 82% enrolled figure quoted in the OP is actually a measure of the percentage of "eligible" owners that are enrolled (and not just sales BS), then 185,000 enrolled owners would imply about 225,000 "eligible" owners out of 351,000. That would thus imply about 126,000 post-6/2010 resale owners, or 36%. Given the fragmented resale market, that 36% seems high to me, but who knows?

They don't disclose specifically how they define "owners", but my guess would be owner accounts/names, since they state 185K owners have enrolled 292K weeks. That implies those 185K enrolled owners own an average of 1.58 weeks each.

 

[Dean]

Without knowing how many of the theoretical 351,000 owners are resale owners (thus ineligible to enroll without a points purchase), there is no way to truly know how many owners are eligible but haven't enrolled. But, if the 82% enrolled figure quoted in the OP is actually a measure of the percentage of "eligible" owners that are enrolled (and not just sales BS), then 185,000 enrolled owners would imply about 225,000 "eligible" owners out of 351,000. That would thus imply about 126,000 post-2010 resale owners, or 36%. Given the fragmented resale market, that 36% seems high to me, but who knows?

They don't disclose specifically how they define "owners", but my guess would be owner accounts/names, since they state 185K owners have enrolled 292K weeks. That implies those 185K enrolled owners own an average of 1.58 weeks each.

Thanks again Jim. I was curious if you had any additional insight on how they quoted the number of members. I've seen DVC do it as the number of names listed and as the number of separate master contracts. Since MVC has separate ID numbers for each owner, my guess is that's the number they use.

 

[JIMinNC]

Since MVC has separate ID numbers for each owner, my guess is that's the number they use.

That would be my guess as well.

 

[bazzap]

That would be my guess as well.

Then again, through a historical quirk, Sue and I have 5x separate ID numbers.
Thank goodness, we eventually got them all linked so that we can manage all of our MVC ownership through a single sign in.
I can’t imagine how many owners they would count us as though?

 

[davidvel]

Without knowing how many of the theoretical 351,000 owners are resale owners (thus ineligible to enroll without a points purchase), there is no way to truly know how many owners are eligible but haven't enrolled.

I think you misspoke here. Resale owners that bought before 6/2010 are eligible to enroll for free by taking the online seminar.

 

[bazzap]

I think you misspoke here. Resale owners that bought before 6/2010 are eligible to enroll for free by taking the online seminar.

Although I believe that option had geographical restrictions outside of the US.
At least, when I have checked UK resident owners were excluded from the online webinar option.

 

[JIMinNC]

I think you misspoke here. Resale owners that bought before 6/2010 are eligible to enroll for free by taking the online seminar.

Yeah, I noted the post-6/2010 qualifier later in the post, but failed to add that qualifier in the opening sentence. I have corrected it now. Thanks.

 

[DebbieF]

Went to presentation at Canyon Villas. Bought 1000 points at $14.50 per. Did this so we could add our eoy Ocean Pointe and our resale Canyon Villas which we bought in 2009. So, would we be able to enroll without buying points? We just bought today so we could rescind.

 

[TheTimeTraveler]

Went to presentation at Canyon Villas. Bought 1000 points at $14.50 per. Did this so we could add our eoy Ocean Pointe and our resale Canyon Villas which we bought in 2009. So, would we be able to enroll without buying points? We just bought today so we could rescind.

If you bought anytime prior to June of 2010 then your weeks are eligible for point use.

I would strongly advise you to rescind so you can try out the point system, and if you like it then buy on the resale market for a fraction of $14.50 per point.




.

 

[bazzap]

Went to presentation at Canyon Villas. Bought 1000 points at $14.50 per. Did this so we could add our eoy Ocean Pointe and our resale Canyon Villas which we bought in 2009. So, would we be able to enroll without buying points? We just bought today so we could rescind.

Alternatively, even with the offer to enrol your weeks without buying points, I would be surprised if a developer price for points couldn’t be negotiated for less than $14.50?

 

[Fasttr]

Went to presentation at Canyon Villas. Bought 1000 points at $14.50 per. Did this so we could add our eoy Ocean Pointe and our resale Canyon Villas which we bought in 2009. So, would we be able to enroll without buying points? We just bought today so we could rescind.

Go here....do it for free if still available... At the very least, reach out to owner services to see if they are currently running a free enrollment promotion. http://img.vacationclubsurvey.com/i...817_webinar_destinations/Webinar_Landing.html

 

[JIMinNC]

Alternatively, even with the offer to enrol your weeks without buying points, I would be surprised if a developer price for points couldn’t be negotiated for less than $14.50?

Generally for small amounts like 1000 they don't discount off list.