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Redweek listings are just sitting online, not many are renting, a new phenomena and a waste of money for owners at $59 for verify/ protect

chapjim

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Westin Ka'anapali oceanfront in a one bedroom does go for that price. Edited to say, "historically a one bedroom oceanfront will go for that price."

Shearwater owners are asking outrageous amounts of money for their units, and it ain't Westin.

Yea, IDK who the market is for $5,500 a week timeshare rentals, but it's certainly not me. I guess I don't need ocean front so would look for much cheaper. I just somehow doubt there's a huge market that has to have Westin level and Hawaii has a lot of options. MF with Wyndham or HGVC is around $1,700. The most expensive RCI I could find quickly was $2,500. ebay is listing under $2,700. These are the prices to beat in the "in the know" timeshare people, and I think for the masses a lot of stuff - especially anything optional - is on hold right now. Sky high interest rates, prices rising. Look at the youtube videos on the new and used car markets with companies filling lots with "what the car is worth" that NO ONE is buying.

So long and short, I don't dispute the going rate for the location, just that I think there's very little people looking for that price when they can substitute good enough for less than 1/2.

EDIT: And TBH the redweek rates always seemed steep already.
Yeah! Me too! Add airfare for four (?), rental car, meals in/out, beach chairs, umbrellas. The target population is a lot smaller than for an oceanfront unit in SoCal or Florida.
 

klpca

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Also, I am seeing more companies requiring people to come back to the office. For a while there people could easily do their work remotely so renting a timeshare made sense, but the number who can do that now has definitely shrunk.
 

Red elephant

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Absolutely. Even Airbnb and VRBO ads are not working for our daughter to rent our Sheratons in Myrtle Beach. She rented about half, and half will be deposited into II for trading purposes. The generic trading power has been diminished by II, but I can still get some decent value from the weeks. I just need to be more flexible with unit size. It seems to take a 2 bedroom to get a 1 bedroom on the islands. I am unimpressed with II lately. No wonder my ongoing searches have been so terrible.
I cut my SDO rental for March to $2200 from $2500 and it rented within 3 days. Whereas my Nanea presidents week is still available. I got offered $4200 2 months ago but turned it down. Maybe I should have taken it.
 

rickandcindy23

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I cut my SDO rental for March to $2200 from $2500 and it rented within 3 days. Whereas my Nanea presidents week is still available. I got offered $4200 2 months ago but turned it down. Maybe I should have taken it.
Was your SDO a 2 bedroom? I have a few for rent. I am renting from now on. I won't deposit anything I don't have to into II.
 

Red elephant

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Was your SDO a 2 bedroom? I have a few for rent. I am renting from now on. I won't deposit anything I don't have to into II.
Yes that was the 2 bedroom . I will not be renting again as that was enrolled years ago. So I will deposit in interval for lakeshore reserve and if that’s a problem then I will use the staroptions.
 

Fido Chuckwagon

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I would have to agree. Over the past several years I suspect the size of the market looking to spend $5500 for a week of accommodations has narrowed quite a bit. As the potential target market gets smaller, it reduces the overall demand. Also, a lot of people bought timeshares in the run after the COVID lock downs. Those people who may have rented before and then bought are now looking to just book and use what they bought.
I also think the Venn diagram of people willing to sink $5,500 on a week long hotel stay and the type of people who are value-hunting by renting timeshares instead of booking through hotels doesn’t have a lot of overlap these days.
 

Fido Chuckwagon

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Nothing Disney
Disney is having its own attendance issues right now. Their hotel occupancy rates are off the chart historically low. In addition, DVC Rental Store has flooded the market with cheap rentals that are significantly cheaper than what I see these listed for on redweek, and they advertise everywhere. If I’m a not crazy in the know casual timeshare renter looking to go to Disney World, I’m going to be inundated with ads from DVC Rental Store and to a lesser extent Davids.
 

Fido Chuckwagon

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But did post covid travel ever surpass 2019 volume? I don't think Disney Park attendance ever reached 2019 numbers, did it?
You’re correct, WDW has never surpassed the 20.9 million attendance number of 2019, although part of that was arguably planned for, as they greatly exceeded their 2019 per guest spend and overall profitability levels in 2022 & 2023, and they restricted capacity during those years.
 

rickandcindy23

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Disney is having its own attendance issues right now. Their hotel occupancy rates are off the chart historically low. In addition, DVC Rental Store has flooded the market with cheap rentals that are significantly cheaper than what I see these listed for on redweek, and they advertise everywhere. If I’m a not crazy in the know casual timeshare renter looking to go to Disney World, I’m going to be inundated with ads from DVC Rental Store and to a lesser extent Davids.
My prices are $100 lower per night than most anyone on RW. I am renting studios only. I tried the one bedroom but will likely just use it ourselves for October school break. I guess it depends on how many Sheraton weeks I can get rented. I have reserved a lot of later summer and early fall weeks and reduced the price to my cost. I have never rented anything past Labor Day. We will see if anything rents for cost. I really cannot have all of these weeks banked to II.
 

Fido Chuckwagon

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My prices are $100 lower per night than most anyone on RW.
But how are they compared to DVC Rental Store and Davids? How much are you charging (effectively) per point? Davids is in the $20-$25 per point range right now. If you’re charging more than that, it would make sense that your listings aren’t moving. Even if you’re charging less than that, Davids & DVC Rental Store does so much advertising now that most people would probably still find them without ever finding redweek.
 

rickandcindy23

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I just looked at DVC Rental Store for information. The most they pay is $18 per point, at least for Saratoga and OKW. David's pays $16. They win over David's.

Their prices are quite high and a lot of the cost is their profit, once again. But if they are going to blast advertisements out there, I am game to rent my points with them. I listed two but may list more of my reservations on their site. My listings are not showing yet, they have to be approved. I sent screenshots of my reservations and filled out a W-9.

It seems that a person would be way better off booking a few nights in a high-demand resort like Riviera, Poly or Grand Floridian, even Boulder Ridge Villas. Those command high prices. I don't know how much owners are getting from DVC Rental Store, but if they are getting higher profit, I could try to book a few nights and list them. I have rented Riviera very successfully a few times on RW, but I was only asking $20 per point and took credit card payment.

During the process of listing on DVC Rental Store, the website knows how many points you used for the reservation. I didn't have to look that up.
 

rickandcindy23

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But how are they compared to DVC Rental Store and Davids? How much are you charging (effectively) per point? Davids is in the $20-$25 per point range right now. If you’re charging more than that, it would make sense that your listings aren’t moving. Even if you’re charging less than that, Davids & DVC Rental Store does so much advertising now that most people would probably still find them without ever finding redweek.
I am not charging more than David's. But with verify/protect added to a few of my listings, RW's profit takes it over $20. I will reduce my price as the dates get closer.

My listings are all for DECEMBER. I have time, but I am still worried because nothing is grayed out on RW for Disney's Old Key West, meaning nothing is renting/ moving. RW is not working for owners. The exchanges for Disney weeks through II really hurt summer rentals. So many listed for Saratoga and OKW. But the numbers are dwindling now that Disney hasn't deposited fall/ winter weeks. No current competition for owners with cheap DVC exchanges, not that $3,500 for DVC one bedroom is all that cheap, but still it's a larger unit.
 

Sandy VDH

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The pent up covid demand is over, and with pricing sky rocketing on everything, people are option not to travel.

I have a prime week at Hilton Head during the summer that went unused. I cancelled, and got it back, but that is the first year that has ever happened.
 

Fido Chuckwagon

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I am not charging more than David's. But with verify/protect added to a few of my listings, RW's profit takes it over $20. I will reduce my price as the dates get closer.

My listings are all for DECEMBER. I have time, but I am still worried because nothing is grayed out on RW for Disney's Old Key West, meaning nothing is renting/ moving. RW is not working for owners. The exchanges for Disney weeks through II really hurt summer rentals. So many listed for Saratoga and OKW. But the numbers are dwindling now that Disney hasn't deposited fall/ winter weeks. No current competition for owners with cheap DVC exchanges, not that $3,500 for DVC one bedroom is all that cheap, but still it's a larger unit.
Are you listing OKW/ SSR weeks in December? I agree, you’re never going to be able to compete with the bs rented exchanges. Have you instead tried to list your points themselves for rent to make 7 month bookings at other resorts that are more in-demand, and that can’t be gotten via II? That may be a better way to rent now.
 

rickandcindy23

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Are you listing OKW/ SSR weeks in December? I agree, you’re never going to be able to compete with the bs rented exchanges. Have you instead tried to list your points themselves for rent to make 7 month bookings at other resorts that are more in-demand, and that can’t be gotten via II? That may be a better way to rent now.
No, I sure haven't. I have rented a lot of five-night stays to RW members over the years, especially May and December, a few January. I have one lady that has rented from me for a long time, and she only needs Sun-Fri, so it's $200 per night the last few years. It's a good deal and she only wants OKW. Super cheap to book, and she is a happy camper.

I need about ten more like her. But on a more serious note, I think $18 per point would be fine. I just cannot believe the money the middle-men make. It's a service that might be worthy, but I am not sure, especially if they won't give me $18. I see a lot of $14 offers less than 7 months out on DVC Rental Store. THAT sucks. $14 per point. I can do better.

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MOXJO7282

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Regarding the Maui rental market, at least for the MOC, it was soaring after Covid to all-time highs but then had the legs pulled out for under it with the wildfires. I've rented most of our 2BDRM OF Maui for 2025 because in my opinion I was very conscience of the market after the wildfires and had lowered my pricing back to pre-Covid levels. $5500 for a 1BDRM is Covid pricing, not post wildfire so I'm not surprised it hasn't rented yet. I would've listed that at $4495 and accepted $4195 if someone offered that. Just my .02.
 

rickandcindy23

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Regarding the Maui rental market, at least for the MOC, it was soaring after Covid to all-time highs but then had the legs pulled out for under it with the wildfires. I've rented most of our 2BDRM OF Maui for 2025 because in my opinion I was very conscience of the market after the wildfires and had lowered my pricing back to pre-Covid levels. $5500 for a 1BDRM is Covid pricing, not post wildfire so I'm not surprised it hasn't rented yet. I would've listed that at $4495 and accepted $4195 if someone offered that. Just my .02.
I already rented the studio side for $3,500. Like I said before, I am going to use the week, if and when it doesn't rent. I will cancel the rental and re-trade my exchange week for the same exact week. I would rather stay where we own anyway, but hey, if I can get $4,840 net, I will be happy.
 

MOXJO7282

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I already rented the studio side for $3,500. Like I said before, I am going to use the week, if and when it doesn't rent. I will cancel the rental and re-trade my exchange week for the same exact week. I would rather stay where we own anyway, but hey, if I can get $4,840 net, I will be happy.
I hope you get exactly what you want. I often do the same but when I do it, I'm definitely going and I will list it very high and have a Bonvoy reservation in the hole, in case I found the white whale. Its a no lose situation when you get a great price for a studio, and can use 1BDRM if you can't rent it.
 

Fido Chuckwagon

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I need about ten more like her. But on a more serious note, I think $18 per point would be fine.
Have you thought about renting on the disboards rent/trade board? You should be able to get $18 per point relatively easily.
 

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In Hawaii Japan seems to be impacting the resale market prices. In the US, I agree budget stress is real.
This is a nit, but those of us who reside in HI are put off by this common comment about our home being treated as a foreign entity. Hawaii IS part of the US, and has been since it was annexed in 1898. Further, it has been a state since August 21,1959.
 

silentg

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Have you considered exchanging on TUG marketplace? I look at exchanges there and every ad just about asks for specific exchanges they want. It’s easier to ask what do have and would you consider. I’ve been successful with some exchanges. Some don’t want what I have and seem insulted. It’s not complicated and gives you a chance for a different place you may not have thought to visit.
 

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I certainly imagine far more people would make some really nice and free trades if even a small fraction of the rentals posted in the marketplace were also posted as direct exchange listings.

i actually have a project for this year i hope to be able to add when posting a rental to simply check a box if you want your listing to be offered as an exchange as well that way there would be no need to create a separate listing!
 

rickandcindy23

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I certainly imagine far more people would make some really nice and free trades if even a small fraction of the rentals posted in the marketplace were also posted as direct exchange listings.

i actually have a project for this year i hope to be able to add when posting a rental to simply check a box if you want your listing to be offered as an exchange as well that way there would be no need to create a separate listing!
That is a good idea. I actually have a few listings that I could offer for exchange. I tried it once many years ago but it didn't work, but I should always give it a try, especially with my Wyndham points.

I worry about adding guests, but if I am working with a TUG member, I can be there to help them check in. We have some weeks for October/Fall break for schools at Bonnet Creek. If I can exchange those for something we can use, that would be ideal. I even have Wyndham Shearwater. That is a gem.
 

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That is a good idea. I actually have a few listings that I could offer for exchange. I tried it once many years ago but it didn't work, but I should always give it a try, especially with my Wyndham points.

I worry about adding guests, but if I am working with a TUG member, I can be there to help them check in. We have some weeks for October/Fall break for schools at Bonnet Creek. If I can exchange those for something we can use, that would be ideal. I even have Wyndham Shearwater. That is a gem.
there is no cost to posting an exchange, it doesnt even take an ad credit.

I think far more people are comfortable doing exchanges between TUG members, especially some that have been around for years!

admittedly the chance of success is low with so few active exchange listings, but if even a fraction of the rentals listed were offered as direct exchanges instead thats hundreds of free exchange opportunities!
 

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No problem renting this year or in 2020 with my 52/50 plan. Able to cover my maintenance fees so I can travel for free.
 
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