Speculation About Marriott's New Timeshare Structure [merged]

[ricki999]

Doug,

The reason that thier EOY weeks are cheap is they have come out and said they dont convert in the new system so anyone with EOY's is SOL.
I know what you are saying but this is what MVCI has said !

I missed this announcement by MVCI. Can you direct me to where I can see this announcement.

 

[dougp26364]

I missed this announcement by MVCI. Can you direct me to where I can see this announcement.

I eventually recieved notification by E-mail. I'd imagine all you would need to do is call MVCI and you'll be directed to the telephone sales dept.

 

[dougp26364]

As a public service gesture here is a recap of this thread to date:

[...................]

I hope you got that.

Marriott is going to make some kind of announcement "soon" and it probably has something to do with an Internal Points Exchange System and perhaps a total upheaval of how they sell timeshares.

Oh, and the Marriott salesreps say "we will like it".

That just about sums it up - and a lot of guessing on just about everyone's part.

So here it is again:

[...................]

This just might your best post on the subject to date.

 

[dougp26364]

Perry, Doug, Fletch,Dean, Jon Boca , SueDon or any other TUGGER out there

I am still waiting for someone to explain why it would make any sense to exclude EOY's. Just when I am coming down from my "Perrymeter" and seeing some hope for this. I get to the part where it may be "moot" and 1/2 of my ownership won't even hear from the "GODFATHER"

I am new to this, just need to understand any gains that could come to the "mother" company by this exclusion. My logic states , that if they are going to risk alienating a portion of the owner base, it must come with some $$$ reason...

please help...

IMHO, it doesn't make sense. This would either be pure speculation on the part of sales management or, Marriott can't figure out how to put EOY ownerships into whatever program they've cooked up. While it could be true, no other points based ownership program I'm aware of has such a restriction. Of course I don't know all there is to know about every program out there but, if Marriott can't figure out how to incorporate EOY deeds into their new plan it makes me a little concerned about Marriott mangement.

With any luck, in a couple of weeks we might get some real answers rather an all our speculation, guessing and wringing of hands.

 

[Starbucks]

As i am already looking forward doing some calculations within the new programm. Is there anywhere on TUG a list showing current developer sales prices for MVCI resorts ?

Doing a simple Last Sale price/number of points calculation would be one of my first steps to see where MVCI puts the new value.

 

[AceValenta]

I say we call the sales departments in cities (not the telemarketing department) on June 7th or June 14th.....It will rid ourselves of the rumors instantly. If they are supposed to be closed for training, then no one should be there. Right?

I for one, am still not buying it.

Most corporations would rotate training, not close offices and lose potential sales. Any closure would cause them to lose potential sales when they are at their busiest. Look at the calendars, how many Platinum Seasons fall in the month of June?

Training for this program would have been implemented during low seasons to maximize full effect and exposure. This way the sales reps would have had time to perfect presentations and develop new sales techniques.

3 to 10 days to phantom program deployment. Depending on which day you believe!

 

[jlf58]

I don't understand why either but this is much more than speculation. The reason the EOY's are such a good deal now is proof that for whatever reason,
they can't convert to the points system.

IMHO, it doesn't make sense. This would either be pure speculation on the part of sales management or, Marriott can't figure out how to put EOY ownerships into whatever program they've cooked up. While it could be true, no other points based ownership program I'm aware of has such a restriction. Of course I don't know all there is to know about every program out there but, if Marriott can't figure out how to incorporate EOY deeds into their new plan it makes me a little concerned about Marriott mangement.

With any luck, in a couple of weeks we might get some real answers rather an all our speculation, guessing and wringing of hands.

 

[jlf58]

Your kidding right ?
I have friends still and yes, they will close for a few days for training. They
are training now briefly also.

I say we call the sales departments in cities (not the telemarketing department) on June 7th or June 14th.....It will rid ourselves of the rumors instantly. If they are supposed to be closed for training, then no one should be there. Right?

I for one, am still not buying it.

Most corporations would rotate training, not close offices and lose potential sales. Any closure would cause them to lose potential sales when they are at their busiest. Look at the calendars, how many Platinum Seasons fall in the month of June?

Training for this program would have been implemented during low seasons to maximize full effect and exposure. This way the sales reps would have had time to perfect presentations and develop new sales techniques.

3 to 10 days to phantom program deployment. Depending on which day you believe!

 

[PerryM]

..

Hey, I know this guy, once you get past the "All humans must die" he's not a bad chap...

P.S.

I met this guy on another chat-room - he's looking at buying Earth as a timeshare and if you think we have problems with our developers, this guy's problems are out of this world - It's a small world when you think about it....

One more thing - Earth lost it's Gold Crown status - we're just a Silver Crown because of that damn oil spill; get rid of that and we can celebrate back to Gold Crown status.. Woo Hoo!

 

[puckmanfl]

Fletch...

Do you mean to tell me that sales reps are pushing EOY's at "primo" prices fully aware that in 3 weeks these units will not be invited to the "party"??? Is there any disclosure to the potential buyer??? Yikes, How do they sleep at night???? Would not want to be one of the late purchasers of those units only to find out a few days later that they are being excluded from all of the "enhancements"

 

[rovitm]

My rep told me I would love the program and he was trying to sell me a EOY.

I do find it hard to believe that Marriott would close the door to a large segment of their customer base. Of the 400,000 owners how many would you think are EOY owners? If every EOY wanted in to the new program and pay whatever fee it is going to be, does it make sense for Marriott to say no "we don't want your money". Especially when other point programs have EOY ownerships. To say it s not feasible makes me question the program already.

Fletch...

Do you mean to tell me that sales reps are pushing EOY's at "primo" prices fully aware that in 3 weeks these units will not be invited to the "party"??? Is there any disclosure to the potential buyer??? Yikes, How do they sleep at night???? Would not want to be one of the late purchasers of those units only to find out a few days later that they are being excluded from all of the "enhancements"

 

[jlf58]

Thats a good point. All I can tell you is I was told they can't use them in the points program and they are pushing them now to get rid of them so, yeah, I guess thats the case. for what it's worth, 90% of the salesman probably don't even know why they are selling the EOY's for less at this point.

BTW
I would have thought maybe what I was told was wrong but the fact that the are selling the EOY's heavily discounted makes me think it's right.


Not much better that the guy buying 2 days before they flip to points to find out his Gold Grande Vista week ain't worth crap in the new points system

Fletch...

Do you mean to tell me that sales reps are pushing EOY's at "primo" prices fully aware that in 3 weeks these units will not be invited to the "party"??? Is there any disclosure to the potential buyer??? Yikes, How do they sleep at night???? Would not want to be one of the late purchasers of those units only to find out a few days later that they are being excluded from all of the "enhancements"

 

[pefs65]

Well let me say as a EOY resale owner if Marriott is shutting me and other EOY owners out from there new great point system then that will make my desicion easy for me in that I wont have to calculate for me whether to join it or not.

Also since I bought where I wanted to vacation I will continue to enjoy going to maui Ocean Club EOY and I could either rent other Marriott TS with my MVI discount or place it in II for trade on the rare hardly ever time I would want to trade it which would probably be almost never.

We all continue to wait and see what happens.

 

[dougp26364]

I don't understand why either but this is much more than speculation. The reason the EOY's are such a good deal now is proof that for whatever reason,
they can't convert to the points system.

If that's the case, at some point down the road I look for them to reverse that decision. They should have sold enough package deals where owners could buy two different resorts as EOY deeds plus, they were selling EOY deeds with the option to purchase the corresponding EOY deed to make it as good as an EY deed. It would seem that they should have enough EOY owners who will question Marriott's desire to keep owners happy.

There will also be a number of owners like myself, who own both EY and EOY deeds. l won't put one in any new program unless all can go. A decision not to allow a certain class of owners to join any new program will only go to prove Perry's point that Marriott couldn't care less about their owners. Marriott has tried to cultavate the appearence that owners matter to them. Tickikng off resale owners and EOY owners that have bought direct from Marriott will be a pretty stupid thing for them to do.

 

[billymach4]

EOY owners are happy owners

I would not fret one moment if this so called rumor of the larger rumor turns out to be true.

EOY owners will then be business as usual. Besides how does anyone know if this thing will be so much better? The grass has not even grown, and we all think it might be greener.

Please stop this insanity. This rumor has morphed way out of control. Lets wait until the end of the month and find out for sure what will eventually happen.

At this point it is all pure speculation. Without much in the way of concrete facts. We are just attempting to read the tea leaves, and connect dots.

 

[dougp26364]

Thats a good point. All I can tell you is I was told they can't use them in the points program and they are pushing them now to get rid of them so, yeah, I guess thats the case. for what it's worth, 90% of the salesman probably don't even know why they are selling the EOY's for less at this point.

BTW
I would have thought maybe what I was told was wrong but the fact that the are selling the EOY's heavily discounted makes me think it's right.


Not much better that the guy buying 2 days before they flip to points to find out his Gold Grande Vista week ain't worth crap in the new points system

Marriott saying they can't use them is not the same as saying existing owners can't convert them. I think there might have been a misfortunate use of language resulting in an interpretation that no EOY weeks will be allowed to convert. It depends on what the person who was doing the talking was trying to convey. It might just mean Marriott doesn't want to sell EOY ownership in a trust based points program and/or there is a problem with registration for new sales.

I'm not saying your wrong. Your interpretation could be spot on. I am saying there is room to say you've made an assumption and that you might have taken the statement you heard out of context. At any rate, we should know if a few more weeks. While I would feel slightly offended by being excluded, in the end it might not matter all that much to us. We bought our weeks primarly to use and I'm not certain I'd want to give up home resort advantage if that means we might lose the views and unit layouts we purchased.

 

[dougp26364]

I would not fret one moment if this so called rumor of the larger rumor turns out to be true.

EOY owners will then be business as usual. Besides how does anyone know if this thing will be so much better? The grass has not even grown, and we all think it might be greener.

Please stop this insanity. This rumor has morphed way out of control. Lets wait until the end of the month and find out for sure what will eventually happen.

At this point it is all pure speculation. Without much in the way of concrete facts. We are just attempting to read the tea leaves, and connect dots.

I would like to be able to consider ALL options and, on principle, want all optioins open to me. I pay MF's that are just as big as any other owner at the resorts we own. I should have the opportunity to consider any new program, even if it turns out the program doesn't work for me. Exclusion is the surest way to piss off your owners. Just read the threads from resale owners when they contemplate being excluded or charged more than those that buy direct.

 

[jlf58]

Makes sense, lets see

To me, if I owned 2 or 3 weeks with them, I would probably convert one and see how it works out. If you use the week at your home resort every year, it makes no sense to convert

Marriott saying they can't use them is not the same as saying existing owners can't convert them. I think there might have been a misfortunate use of language resulting in an interpretation that no EOY weeks will be allowed to convert. It depends on what the person who was doing the talking was trying to convey. It might just mean Marriott doesn't want to sell EOY ownership in a trust based points program and/or there is a problem with registration for new sales.

I'm not saying your wrong. Your interpretation could be spot on. I am saying there is room to say you've made an assumption and that you might have taken the statement you heard out of context. At any rate, we should know if a few more weeks. While I would feel slightly offended by being excluded, in the end it might not matter all that much to us. We bought our weeks primarly to use and I'm not certain I'd want to give up home resort advantage if that means we might lose the views and unit layouts we purchased.

 

[billymach4]

I would like to be able to consider ALL options and, on principle, want all optioins open to me. I pay MF's that are just as big as any other owner at the resorts we own. I should have the opportunity to consider any new program, even if it turns out the program doesn't work for me. Exclusion is the surest way to piss off your owners. Just read the threads from resale owners when they contemplate being excluded or charged more than those that buy direct.

Doug totally agree. Absolutely I will feel discriminated by Marriott if this part of the program turns out to be true. However I am happy will the status quo. I trade around to various resorts well in advance, and enjoy my vacations.

I really don't see anything changing my ability to trade for at least 5 years, maybe 10 years. Marriott is not going to be able to convert all owners immediately.

And now we are speculating they are going to exclude all EOY owners. So that makes my situation status quo.

 

[dougp26364]

Makes sense, lets see

To me, if I owned 2 or 3 weeks with them, I would probably convert one and see how it works out. If you use the week at your home resort every year, it makes no sense to convert

The problem is, making sense of something and reality often have very little to do with each other. I'll be glad when everything is finally laid out on the table rather than all the assumptions and guess work.

I'm so accustomed to rumors where I work that I've learned to listen very carefully to what is being said down to what words they use. The old saying of believe 10% of what you hear and 90% of what you see has always held true in my world. missinterpretation is an art form causing the rumors to get really wild sometimes.

 

[hank4647]

June 17 2010 Program Change

We met with our sales rep and a corporate sales rep yesterday. The new program becomes effective June 17, 2010. On that date all unsold property is rolled into a trust. Those weeks will then be the base of a points system. New customers will buy points. Each of the weeks or partial weeks available in the trust will require points to use. This program will work much like the points to use a Marriott Hotel. The weeks we own can be used as we currently use them, rolled over to hotel or time share points. The points for our weeks can them be used on a daily basis versus our current weekly basis.
There will also be some type of maintenance fee accessed to all new customers bases on the total maintenance required for all of the resort weeks in the trust.

Marriott is also dumping II. The theory is that must Marriott customers want to stay at Marriott timeshares. Those who belong to II will have the opportunity of depositing their weeks at II for exchange, but Marriott will not require one to go through II.

 

[Pro]

WOW !!!​

Joe

 

[RedDogSD]

We met with our sales rep and a corporate sales rep yesterday. The new program becomes effective June 17, 2010. On that date all unsold property is rolled into a trust. Those weeks will then be the base of a points system. New customers will buy points. Each of the weeks or partial weeks available in the trust will require points to use. This program will work much like the points to use a Marriott Hotel. The weeks we own can be used as we currently use them, rolled over to hotel or time share points. The points for our weeks can them be used on a daily basis versus our current weekly basis.
There will also be some type of maintenance fee accessed to all new customers bases on the total maintenance required for all of the resort weeks in the trust.

Marriott is also dumping II. The theory is that must Marriott customers want to stay at Marriott timeshares. Those who belong to II will have the opportunity of depositing their weeks at II for exchange, but Marriott will not require one to go through II.

I am sorry...with all due respect, I am going to wait and see. At least Fletch has been here for years with this info....you just got here and this is your 2nd post....you may just like stirring up the pot, or spreading BS.

 

[timeos2]

Do you live today or every other day?

We met with our sales rep and a corporate sales rep yesterday. The new program becomes effective June 17, 2010. On that date all unsold property is rolled into a trust. Those weeks will then be the base of a points system. New customers will buy points. Each of the weeks or partial weeks available in the trust will require points to use. This program will work much like the points to use a Marriott Hotel. The weeks we own can be used as we currently use them, rolled over to hotel or time share points. The points for our weeks can them be used on a daily basis versus our current weekly basis.
There will also be some type of maintenance fee accessed to all new customers bases on the total maintenance required for all of the resort weeks in the trust.

Marriott is also dumping II. The theory is that must Marriott customers want to stay at Marriott timeshares. Those who belong to II will have the opportunity of depositing their weeks at II for exchange, but Marriott will not require one to go through II.

From the mouth of a weasel comes what we were all told was coming. No surprise except that it dragged out for SO long. Maybe now the facts rather than wild conjecture can be dissected.

Somehow I'll bet the world will still turn after 6/17/10 for both every year and every other year participants in life.

 

[GregT]

We met with our sales rep and a corporate sales rep yesterday. The new program becomes effective June 17, 2010. On that date all unsold property is rolled into a trust. Those weeks will then be the base of a points system. New customers will buy points. Each of the weeks or partial weeks available in the trust will require points to use. This program will work much like the points to use a Marriott Hotel. The weeks we own can be used as we currently use them, rolled over to hotel or time share points. The points for our weeks can them be used on a daily basis versus our current weekly basis.
There will also be some type of maintenance fee accessed to all new customers bases on the total maintenance required for all of the resort weeks in the trust.

Marriott is also dumping II. The theory is that must Marriott customers want to stay at Marriott timeshares. Those who belong to II will have the opportunity of depositing their weeks at II for exchange, but Marriott will not require one to go through II.

Hank, welcome to TUG. I agree with others that your spectacularly brief track record combined with some significant "hard data" is a bit on the odd side, but since we are all speculating, please join the fun.

A few questions for our newly-arrived colleague from Brighton:

1) Any rumors on home resort advantage
2) Any rumors on if EOY can participate
3) Will Hawaii properties require higher points than others
4) Will a copy of The Godfather be given to new points participants

We welcome your continuing to share any real information that you've heard, and trust that you're not just telling us fish stories because of our insatiable curiousity.

Frankly, if you are a Marriott insider, I'd be curious what you're hearing, and don't object to the sleight of hand or veil of secrecy. And if you're from Brighton, it's a nice place.

Thanks.