Retired2025 aka AlmostRetired
TUG Member
- Joined
- Jul 20, 2005
- Messages
- 1,542
- Reaction score
- 852
- Location
- Long Island, NY
- Resorts Owned
- Grande Ocean Platinum, 3 x Grand Chateau 3 Bedroom (annual, EOY Odd, EOY Even).,
I have worked in technology/solution sales for 48 years, often needing to understand yearly changes to my sales plan and figuring out how to add value to my customers while making my numbers. Though lying was a fire-able offense and in timeshare sales it is not, MVW has the same challenge, how to let customers see value by makings Investors happy.
The Week/Trust relationship is complex. MVW manages the resorts for a fee, units in the resorts make up the Trust and MVW manages the Trust for a fee. MVW is the largest single point holder in the Trust and they are the largest single week owner at Resorts. The HOA is responsible for decisions at the resort level but at many of the resorts MVW has the power to control the HOA if they choose via voting power of the weeks owned at a resort by the Trust. More and more weeks are being acquired by the Trust making the complexity dynamic each and every year. Adding to the complexity of the relationship is the Trusts dependency on Legacy week Owners to exchange their platinum weeks into the Trust to increase what is a limited number of platinum weeks owned by the Trust at most resorts.
The OP asked about the Future if Week Ownership but the same can be asked of the Future of Point Ownership. Usage and MF are challenges for both week owners and point owners. I would feel comfortable saying it is a bigger challenge for points owners. Most point owners are much younger than week owners which suggests to me a higher desire to travel when school is not in session which tends to be the least represented in the Trust. The MF for points usage at resorts are much higher than for weeks because of the much lower ownership of platinum weeks in the trust. I would suggest that the satisfaction of point owners are much less than that of week ownership. Especially since MVW buys weeks in default, takes Deed Backs and exercise's ROFR which all tend to be the least satisfied group. Marriott only uses ROFR for points and we know how difficult that can be even at 3 per point. I rent 20,000 points a year for the last few years. If I had a need (which I don't) and I was allowed (which we are not), the point rental availability is endless.
A board member pointed out to me that furniture replenishment has been moved from 5 to 6 years and even 7 is being considered. 2025 was a moderate inflation year, it is magical that resort increases the MF in 2026 was harder to find than Big Foot. 2026 inflation is even worse. Cutting costs to manage expenses in a quality of product expectation environment is a losing idea.
The Future of Ownership of weeks (or points) is not something I think about and definitely not smart enough to figure out. I look at the value of my timeshare ownership as a train ride. Each year I look at he value I get and decide if I stay on the train. I look at would reshuffling my ownership could increase my value buy looking to sell, buy or rent points to get the value I need. I have an exit plan to get off the train if the value becomes low enough. BTW, though I do not own any, the exit strategy for points is a lot more difficult in most cases in my opinion even at 3 per point
The Week/Trust relationship is complex. MVW manages the resorts for a fee, units in the resorts make up the Trust and MVW manages the Trust for a fee. MVW is the largest single point holder in the Trust and they are the largest single week owner at Resorts. The HOA is responsible for decisions at the resort level but at many of the resorts MVW has the power to control the HOA if they choose via voting power of the weeks owned at a resort by the Trust. More and more weeks are being acquired by the Trust making the complexity dynamic each and every year. Adding to the complexity of the relationship is the Trusts dependency on Legacy week Owners to exchange their platinum weeks into the Trust to increase what is a limited number of platinum weeks owned by the Trust at most resorts.
The OP asked about the Future if Week Ownership but the same can be asked of the Future of Point Ownership. Usage and MF are challenges for both week owners and point owners. I would feel comfortable saying it is a bigger challenge for points owners. Most point owners are much younger than week owners which suggests to me a higher desire to travel when school is not in session which tends to be the least represented in the Trust. The MF for points usage at resorts are much higher than for weeks because of the much lower ownership of platinum weeks in the trust. I would suggest that the satisfaction of point owners are much less than that of week ownership. Especially since MVW buys weeks in default, takes Deed Backs and exercise's ROFR which all tend to be the least satisfied group. Marriott only uses ROFR for points and we know how difficult that can be even at 3 per point. I rent 20,000 points a year for the last few years. If I had a need (which I don't) and I was allowed (which we are not), the point rental availability is endless.
A board member pointed out to me that furniture replenishment has been moved from 5 to 6 years and even 7 is being considered. 2025 was a moderate inflation year, it is magical that resort increases the MF in 2026 was harder to find than Big Foot. 2026 inflation is even worse. Cutting costs to manage expenses in a quality of product expectation environment is a losing idea.
The Future of Ownership of weeks (or points) is not something I think about and definitely not smart enough to figure out. I look at the value of my timeshare ownership as a train ride. Each year I look at he value I get and decide if I stay on the train. I look at would reshuffling my ownership could increase my value buy looking to sell, buy or rent points to get the value I need. I have an exit plan to get off the train if the value becomes low enough. BTW, though I do not own any, the exit strategy for points is a lot more difficult in most cases in my opinion even at 3 per point
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