Thanks ....... the fees have .....
I am guessing not enough people going to the sales pitch and buying? ........
Hi zentraveler,
IMO - the resort fees have nothing to do with Vida Sales rate of success .
the resort fee likely goes to “ hotel side operations “ and the revenue generated by Vida Sales goes to building and expansion (including the NV Theme Park)
The resort fee structure at Vidanta properties is (IMO) based on the following
.
(Almost ) - ALL Vidanta weeks in ALL exchange companies are developer deposits.
this is a result of the following factors :
1) Vidanta’s feature of MF on use only [ “no go / no pay”] means there is no need for an owner who cannot use this year’s week to pay MF and deposit .
2) Vidanta builds for peak snowbird season ( late Dec to April / Christmas to Easter) ; and therefore shoulder season weeks are available for developer deposit . Building in pesos while collecting MF in $ USD allows building for peak season to be cost effective .
3) The exchange fee dollars you pay , goes mostly or completely to RCI or II . ( IMO)
4) There is some sort of exchange company / developer split of the revenue from TPU’s / points etc. that are required from you to do an exchange (IMO).*
- so if a Grand Mayan 2 bedroom costs 14 TPU’s ; how much revenue do you think the hotel side of Vidanta gets from your exchange ? ( $ 300 ??)** If they doubled it to 28 TPU’s & Vidanta’s revenue from the exchange company doubled ($600 ??)** - your net cost would be higher and Vidanta’s occupancy would drop - a lose - lose - lose .You pay more & their revenue shrinks (due to fewer exchanges ) AND. they get fewer potential visitors to run through the Vida Sales Machine .
** these listed $ amounts are pure speculation on my part .
5) The TPU cost per week has generally been reduced from when the NV fee was $ 11 pp/pd . Vidanta also probably realized that people were booking more bedrooms than they needed under pp/pd and revised the structure .
6 ) The “all in cost “ of a Vidanta exchange through RCI (RCI exchange fee + TPU’s +resort fee) is about what an owner pays in MF to use a week (or perhaps a bit less or more -depending on your cost per TPU / points / etc.)
7) exchange rule changes . In RCI , the most recent is :1 exchange in 2 yr / (1 in 2 rule) so EOY .(currently based on RCI resort codes) .
These revisions do seem to be driven by Vidanta’s wish to optimize the mix of exchangers for the Vida Sales Machine . I would assume that this most recent change was based on a desire to increase newbie exchangers and reduce the number of non-buying annual repeat exchangers .
PS < we have an RCI weeks account (TPU’s) and do not have II - so my explanation used TPU info. I believe the concepts are applicable to all exchanges into Vidanta .
*SFX does have a lower resort fee - and I believe (IMO) this is based on a different revenue split between Vidanta and SFX of the revenue generated from an exchange .>