SVO Exchange Question

[timeandenergy]

If you book your home resort 12 months out and realize you can't use it. With SVO/Starwood specifically, can you cancel it and then bank a week in II/RCI?

 

[Bill4728]

If you can't use your week, you can always deposit your week the an exchange company.

The problem is that Starwood may choose to deposit a different week or even a different resort than the one you reserved. This could significantly change your trading power.

PS look at the answers to your other questions, for a great summary of the SVN
thread

 

[Denise L]

If you cancel it and book another week, say, 12 months out, there is no penalty. I've done this for 2007 already (booked April, cancelled and booked June). Also, instead of cancelling that week, you could just deposit it with II (not RCI). Would you want to rebook or be cancelling at the last minute?

 

[timeandenergy]

Denise,

I would probably be rebooking or cancelling before the 60 day starwood limit or the 14 day II limit. It really depends on the what choices I would have. Annually my family goes to Florida week 33(end of Aug.). Sometimes we need an extra unit and other times we don't. My plan would be to always book week 33 we go 12 months out. I would then cancel it and hopefully bank it during years that we don't need the extra unit. I usually know this by May or early June.

Do you know under which circumstances they access penaties?

I'm aware of the limited rebooking if you cancel <60 day before, and I believe they charge ?? $29 sometimes for canceling.

Does anyone know when they access this fee?

H

 

[Ken555]

I'm aware of the limited rebooking if you cancel <60 day before, and I believe they charge ?? $29 sometimes for canceling.

Does anyone know when they access this fee?

It is my understanding SVN offers a 24-hour period after initial reservation to cancel or modify your reservation at no charge. After that 24-hour period, the $29 cancellation fee applies.

 

[Bill4728]

$29 is a small price to pay to ensure you get want you want or don't want.

We change our reservations all the time and gladly pay the fee that Club Intrawests charges.

 

[Denise L]

My understanding is that as long as you book a reservation at 12 months out, there is no cancellation fee. I don't know if the window is actually 8-12 months out, but I have cancelled and rebooked at 12 months out with no penalty. Called April 9, booked. Called June 16, cancelled and booked. No penalties, and I asked to be certain.