If the plat L/O does bring 4400 or more AND my unqualified resale Bella can enroll, that just MIGHT put me at Presidential.I do have a vested interest in this, as I own in both seasons
These numbers are still low compared to week rental values in these seasons (assuming a point can be rented for about $0.70), especially Gold summer season. They really should have bumped up the points booking requirements for mid-June to mid-August, (weeks 24-32) to reflect actual demand.
Thanks for doing this Dan, and your logic makes sense.
From your analysis, i.e. reverse engineering, is skim really only 1 to 2% as opposed to the widely held belief of 7 to 8%?I did a bunch of this type of reverse engineering when the program launched in 2010. I do believe it's pretty much how they do it give or take 1-2% on the skim.
Here is the same methodology applied to WKV Platinum season.
The actual allocation is 2150 for the small1BR, and 4050 for the 2BR lockoff. I believe we're definitely in the same zip code on this one as the calculation is off by less than 5 DC points.
View attachment 61946
As I understand, it is give or take 1-2% on the skim. The skim is still 7%, but that number could be off +/- 1-2%.
SBP has those wristbands. They gave me two there and you can use it to open the gate as well. It’s not that bulky and not that noticeable as it’s grey. Matter of fact a lot of resorts have them. Got one at JW Crystal Shores too.
they have had reusable Westin bands for years. You can buy it at the resort, they don't tell you it's reusable, but it is. I just take it home and bring it to the next Westin and have them key it to the room with the same machine they make the keys on. I use one for my husband who has dementia so i know he always has his key - but it doesn't help him remember his room number. They aren't as giant as this one pictured in the kit.
Interesting. After reading the stuff that you linked, I feel like some of their words could be misleading to investors. They state that they have "introduced" Marriott by Abound during the quarter but without clarification it sounds like they actually implemented it rather than just told people it was coming.
I wouldn’t read to much into the revenue recognition piece. They are already reporting the combined income in their consolidated statements.
I imagine revenue was way down in 2020 – who was buying timeshares during the height of the pandemic lockdowns and restrictions? So I’m thinking that 2021 is partly a rebound after a bad year, plus all the “you need to buy now to take advantage of the merger that’s coming” sales tactics. There has been a lot of FOMO and uncertainty and I think their sales capitalizes on both of those.
The PV sale will be reported as a gain or loss on sale, net of any taxes and will be reported in the period when the transaction closes. It’s not included in the revenue at all.
This made me curious enough to look.
I caught the end and also thought it was weird when they got a question about the impacts of the integration how the response was basically "it's still early but we're liking what we're seeing" instead of "we haven't actually launched it yet." Guess you can say whatever you want even to the large banks heavily invested in your company who get to ask questions on the call.Listening to the earnings presentation. It's basically a long session of MVW execs patting themselves on the back...I guess I shouldn't be surprised
What has surprised me is in their responses to earnings questions, they keep presenting Abound as though the integration has been fully launched. They are saying things like Westin and Sheraton owners have direct booking access to MVC and are on equal footing to MVC owners in that respect now yet we know differently. I was so tempted to get into the question queue and ask them if Abound has actually launched! But they only took five questions, all from from people they clearly already knew (a total boys club) so I guess not.
