Speculation About Marriott's New Timeshare Structure [merged]

[Dean]

Despite Perry's unwillingness to see the necessity of seperating inventory, Marriott will seperate inventory. They have no choice. They can not allow points members to reserve every week in a season and not leave any inventory for those that own those deeded weeks. Marriott can only allow points members to reserve what has been deposited into the points account for each resort. Therefore, there WILL be seperate inventory's. This is one thing I am certain of without seeing anything official.

Agree, 100% chance they will have separate inventory. However, there are at least 2 ways they could approach it, either by the week on a given deed or by a straight % adjusted for the odd weeks if need be. It will be interesting to see how they handle this going forward, esp when a legacy week that is converted goes up for resale.

 

[m61376]

I think a big issue as to whether those using their home resort most of the time will be better off or not is home resort priority. Whether, as suggested, week owners and legacy week owners converted to the new system both enjoy a home resort advantage and get to book before points owners, or whether legacy week owners in the new system get to compete at the same time with owners of every other resort, even when booking their home resort, will make a big difference. If the former, then even those who usually use their own resort might be better off as time goes on, but the choice will be different, at least for me, if the latter.

Of course, cost - both up front and on-going, as well as the impact (if any) on MF's have to go into the equation. IF Doug's guess is right on the fees, then a big factor for resale purchasers at least is whether that $1499 figure is for each or for all. I can see a $900 "penalty" or surcharge and would agree that it isn't too onerous if it evened out the playing field (unless we see other resale versus direct differences), but not if it is per unit, where the other charges are only $100 more for 2 or more units versus a single unit.

There are several other questions I need to see the answers to, including what happens with partial use and, of course, how are the properties being valuated?

I wonder if legacy week owners who opt to convert can still reserve a specific week to put into II, since supposedly they can choose weeks or points in a given year? Will that be restricted to personal use, use and/or rental, or use and/or rental and/or trade if so desired? If the point requirements for trading in II are akin to those of the Asia Pacific program, then exchanging in II for a high demand week required the point equivalent of premium Plat. Plus weeks, and even a converted owner exchanging for a non-Marirott in II might be better off with a strong week deposit- although that might not be an option.

The more I think about it, the more questions seem to crop up. I hope Sue is adding to "the list."

 

[bogey21]

it will be tough for them to change that rule without severe backlash from the owners.

Trust me. If Marriott sees that it is in their best interest to change something, they will find a way. Just look what they did to their original Rental and Sales Programs. Sure they weren't in black and white, but they sold the heck out of them during Sales Presentations. They promised; I listened; I bought; they changed the programs; I realized they were snakes so I sold my 5 Marriott Weeks. Am I glad? You bet. I got over $100,000 when I sold those Weeks. Today I'd be lucky to get half that!!

George

 

[pwrshift]

But, Brian, how many times have you looked at this and the speculation thread? More importantly will be your participation in tomorrow's thread- many of us will be relying on your (amongst others with similar long term knowledge of the system) analysis.

Hope you, Dave, Fletch, etc. (the list goes on...) have cleared your calendars for the week :rofl:

I'm betting there'll be no announcement at all on Sunday.

Brian

 

[Darlene]

Monday is mu bet.

 

[taffy19]

Someone said to watch TV on Monday!

 

[pharmgirl]

Marriott has enough of our money and we won't give them any more - just maint fees that are due

We will just keep our 2 Hawaian weeks and use them, occasionally rent or trade

 

[caterina25]

What is a legacy week owner ?

 

[dioxide45]

Someone said to watch TV on Monday!

This just doesn't seem national news worthy. Perhaps a CNBC thing, just not a Today Show thing.

 

[dioxide45]

What is a legacy week owner ?

All of us.

 

[urple2]

She said you can convert to Marriotts new program for about $7,000,

At 7K it will be an easy decision to make...

 

[RandR]

Despite Perry's unwillingness to see the necessity of seperating inventory, Marriott will seperate inventory. They have no choice. They can not allow points members to reserve every week in a season and not leave any inventory for those that own those deeded weeks. Marriott can only allow points members to reserve what has been deposited into the points account for each resort. Therefore, there WILL be seperate inventory's. This is one thing I am certain of without seeing anything official.

I am not saying that they would give all the weeks to thepoints program and leave nothing for the legacy people. Here is an example of what I mean and I will borrow a concept that Perry used.

Each owner is given a notation of either legacy (L) or points (P). When all the units are totaled it turns out that there is an equal number of points owners and legacy owners so legacy owners and points owners are both entitled to an equal number of units when the season opens up for reservations. The reservation system will continue to take L and P reservations until the limit for each is reached. IOW, once 50% of the units are taken by P owners, only L owners can reserve. So each group gets exactly what they entitled to, 50% of the units. The problem for the legacy owners is that before this new points system, the only people they had to compete against for the best weeks were people from their resort in their season. Now they are competing against everyone who has enough points. That is a LOT more people. So the legacy owner are still quaranteed a week but they may have more trouble getting a hot week. This is very important for people with kids or who want a beach summer week or ski winter week.

Doug, does this make sense? Hopefully I am explaining it properly.

 

[floyddl]

I would think they would implement a reservation system like Hilton. Owners can reserve their home resort in their owned season starting at 12 months and then starting at 9 months anyone can book any resort. That way existing owners in their season are not shut out by owners from other resorts.

 

[puckmanfl]

good evening...

Hopefully MVCI (MVD club or whatever they morph into) will also leave 50% of the "hot" weeks open for both the "L" and "P" contestants. If they just leave 50% off ALL in season weeks to the "L" and "P" players, there could be some real issues, especially if the "P" players have as what Perry would describe as a "quicker mouse" at 8:00:00001 CST....

we shall see tomorrow...

Floyd's plan only works if NEW points players get to purchase home resort priority. The informed "guessing" here states the new game will be "points " without home resort priority.

 

[Steel5Rings]

I am looking forward to the class action suit!

I know that many of you thought I was nuts when I questioned Marriott's reputation and motives after the games they played out at Streamside.....here's guessing that fewer of you will be blindly drinking the Marriott Kool Aid once the points scam is official!

 

[californiagirl]

We are currently at Westin Kierland Villas. (Purchased an II getaway.) I called Canyon Villas and made an appointment to speak with a sales person Monday at 2:30. I was very upfront...currently own 3 weeks and want to get detailed info on the new points system. She was very eager to sign me up! I told her my husband would not be with me and I did not need to tour the property and understood I would not qualify for the promo gift. She was still very happy to set an appointment. I will post after I get the info in hand. I like having paperwork infront of me to read and reread.:zzz: LOL.

 

[tlwmkw]

We're at Surfwatch now. Sales office was closed Thurs/Fri/Sat (they were still training today). At 5 pm a large delivery of helium balloons arrived with the Marriott logo and sayings on them like "A new day", "A new program", and some others. The front desk staff claim they don't know anything and since the sales folk are training off-site there is no one to ask. The front desk people do say that it all starts tomorrow. We are going to sign up for a tour to try to get details. If we get any info I'll post it. Why are they being so mysterious? It's very odd.

Tlwmkw- on an iPod so excuse errors.

 

[Dean]

I am not saying that they would give all the weeks to thepoints program and leave nothing for the legacy people. Here is an example of what I mean and I will borrow a concept that Perry used.

Each owner is given a notation of either legacy (L) or points (P). When all the units are totaled it turns out that there is an equal number of points owners and legacy owners so legacy owners and points owners are both entitled to an equal number of units when the season opens up for reservations. The reservation system will continue to take L and P reservations until the limit for each is reached. IOW, once 50% of the units are taken by P owners, only L owners can reserve. So each group gets exactly what they entitled to, 50% of the units. The problem for the legacy owners is that before this new points system, the only people they had to compete against for the best weeks were people from their resort in their season. Now they are competing against everyone who has enough points. That is a LOT more people. So the legacy owner are still quaranteed a week but they may have more trouble getting a hot week. This is very important for people with kids or who want a beach summer week or ski winter week.

Doug, does this make sense? Hopefully I am explaining it properly.

Zero chance this will happen if I understand you correctly. If you're saying they'll compete against each other for the same weeks until the numbers for each group are reached this has NO chance of being the method used.

 

[siberiavol]

Amazed at lack of leaks

It is hard to believed Marriott has been able to keep their salesmen quite about this program during the three days of training. You are talking about hundreds of people.

It appears it will be a pretty big shock to most owners. I haven't even seen one thread on Flyer Talk who have a lot of posters who know a lot about things going on at Marriott.

Either the salesmen can't understand it or there were jobs on the line if something came out early. You would think someone would have called a good client to give a heads up even at the risk of some information getting out. That is usually the case in these type of things.

 

[DeniseM]

Amazed at lack of leaks

Apparently you and I are not reading the same threads...

 

[Ann in CA]

It is hard to believed Marriott has been able to keep their salesmen quite about this program during the three days of training. You are talking about hundreds of people.

It appears it will be a pretty big shock to most owners. I haven't even seen one thread on Flyer Talk who have a lot of posters who know a lot about things going on at Marriott.

Either the salesmen can't understand it or there were jobs on the line if something came out early. You would think someone would have called a good client to give a heads up even at the risk of some information getting out. That is usually the case in these type of things.

In May at Shadow Ridge, and last week at Canyon Villas we were told they could not say anything if they wanted to keep their jobs. They did know about it they just could not say anything, although by not answering some of our very specific questions we learned some possiblilities.

 

[l2trade]

Plenty of leaks...

First - I saw changes might be coming with the couple of internet surveys Marriott asked me to participate in a long time back. These surveys were filled with questions that describe the kind of point system features which we now know is coming soon (starting tomorrow). I don't surf the Marriott Boards often enough to know, but I highly doubt I was the only Tugger invited to participate in these surveys. The surveys were enough to start plenty of rumors or speculation in my mind...

Second - Over six months ago, the head of sales at one of the Marriott resorts gave an owner presentation after the welcome breakfast. He went over the usual Q&A and stuff. Then, he told all of us that Marriott was going to be rolling out some major changes in June 2010 that owners would really like. I spoke to him afterwards. He was adamant the change would be a major 'enhancement' to ownership, excited to play 20 questions on it, yet elusive on specifics. While no specifics, it seemed clear he was talking about some kind of point system which included nightly rentals, etc...

Third - See my post which summarizes leaks obtained from sales reps over the past two weeks: http://www.tugbbs.com/forums/showpost.php?p=927325&postcount=2384

No leaks??!!! LMAO! I have heard it straight from sales staff! Thank goodness, we will all hear it officially soon!

 

[PerryM]

Despite Perry's unwillingness to see the necessity of seperating inventory, Marriott will seperate inventory. They have no choice. They can not allow points members to reserve every week in a season and not leave any inventory for those that own those deeded weeks. Marriott can only allow points members to reserve what has been deposited into the points account for each resort. Therefore, there WILL be seperate inventory's. This is one thing I am certain of without seeing anything official.

You'll be happy to learn that I do agree with the need for separate inventories - this was a hundred or so posts ago.

I just believe they will do it with a byte in a computer record that describes the deed and that there is no need to put those records into separate computer systems; that's what I've been saying and that is exactly what you guys, I believe, are saying.

So I've clarified my position - each deed needs to be flagged as to its status:

• Legacy deed
• Legacy deed turned over for 1 year Points
• Points assigned system

We are talking about the same thing - the deeds can't be commingled and allowed to be reserved from another classification.

P.S.
This means that new Marriott resorts assigned to Points from day 1 can't be gotten to by either of the other classifications.

 

[RandR]

Zero chance this will happen if I understand you correctly. If you're saying they'll compete against each other for the same weeks until the numbers for each group are reached this has NO chance of being the method used.

Why? While I am hoping that the number of units for each week is divided proportionately, there is nothing that says they have to.

Here in NY it is Sunday so I guess we will know more info today. Can't wait for the new thread to start although it will probably be impossible to keep up with it at first.

 

[aruba72]

They have done it!!!!!!

They have done it!!!!!! Everyone got to My-Vacationclub website and log in or https://www.my-vacationclub.com/en-us/owners/pointsintro/index.html