when is deadline to bank your marriott with II

[1965]

i have a new Marriott Shadow Ridge/2 bedroom
it was a resale.
It took 3 months after closing to get me into Marriott Vacation club ownership recognitioon
This recognition occured just early this week

The 2009 week was reserved for April 17,2009-april 24,2009

When is the last possible time, to bank it with Interval Internatinal
without diminished trading power?

 

[gmarine]

Trading power is maximum at 10 months plus before check in. Your trading power has already decreased, though probably not drastically.

 

[Dave M]

...Thus, if you don't plan to use the week, you should deposit it with II as soon as possible to prevent further loss of trading power.

For many of us here, the question you have asked is what gets us into a decision-making mode as to how to use a timeshare - a year or more in advance.

 

[1965]

thank you for your advice is your ultimate point. if you are 100% sure
you are not going to use the week at home resort. The annual dues should be paid 10 months in advance and the week, should be banked with interval
10 months in advance

should you lock it off and bank it with interval
or
deposit the entire two bedroom and bank with with interal
at
10 months out

 

[GetawaysRus]

should you lock it off and bank it with interval
or
deposit the entire two bedroom and bank with with interal
at
10 months out

My opinion is that how you deposit with Interval will depend on what your exchange and travel goals are. My goal is to maximize the value of my timeshare purchase. Here are some things to consider:

1. Interval prefers to make "like for like" trades. So if you are traveling with a family, and need a 2BR in exchange, it will be easiest to get a 2BR in trade if you deposit a 2BR. (It is possible to trade up, and get a 2BR exchange from a 1BR deposit, but that is more difficult.) But if you are only 2 adults traveling, and would be quite content with an exchange into a 1BR, then you may prefer to lock off the unit and see if you can turn your 1 week of vacation time into 2 separate weeks.

2. Another factor is how far in advance you need to make your vacation plans. If you are working, and your work schedule makes it hard to travel on short notice, you may be in a position where you need to make vacation plans well in advance. That is my situation, and it makes it more difficult to take advantage of a trade in the flexchange period (59 days or less before your travel date). If you can travel on relatively short notice, you could consider locking off the unit and depositing the 1 BR and the guest unit separately. During flexchange, you may be able to trade up and make an exchange to a larger unit.

3. And a third factor is where you might want to travel to and when. Some locations (Orlando comes to mind) have a larger number of timeshares, so exchanges are easier. If I have a banked efficiency week, I would consider using that to trade to places where there is greater availability. Exchanges during an off season are easier to make as well. But if you want to travel to a high demand area/resort in a high demand season, you might need the trading power of the full 2BR to get a highly desirable trade.

 

[susanmmm]

A related question....If I were to reserve my home resort 12 months in advance and plan to deposit with II, is it to my advantage to hold onto my reservation for 2 months before I deposit it with II? Is 10 months the magical number or is 12 months equally as good? Thanks for the wonderful advice and information!

 

[Dave M]

If you are sure you want to exchange, go ahead and deposit as soon as you make your reservation. If you reserve by phone, you can deposit on the same phone call with Marriott. Your exchange power won't increase at all by waiting until 10 months.

 

[susanmmm]

Thanks Dave! Your the best. I can always count on you for a quick and informative answer.
Susan

 

[FlyerBobcat]

If you are sure you want to exchange, go ahead and deposit as soon as you make your reservation. If you reserve by phone, you can deposit on the same phone call with Marriott. Your exchange power won't increase at all by waiting until 10 months.

Dave,

Being a newbie, can you explain? I was thinking that the reservation is made with Marriott, but the deposit is made with II. I must be wrong since you indicate that you can do both with the same phone call. Thanks

 

[GrayFal]

thank you for your advice is your ultimate point. if you are 100% sure
you are not going to use the week at home resort. The annual dues should be paid 10 months in advance and the week, should be banked with interval
10 months in advance
should you lock it off and bank it with interval
or
deposit the entire two bedroom and bank with with interval
at
10 months out

FYI, Marriott does not require you pay your 'annual dues' before you bank your week with II - not yet anyway!
And this is entirely up to you but - you CAN change your reservation with Marriott for a $29 fee - based on availability. You will probably find going forward, if you are going to bank your week with II, reserving and depositing a week in Late Feb thru easter will have the most trade power. You could inquire with Marriott if there is any availability for 2009 during those times and then pay the $29 fee to change.

 

[Werner Weiss]

Trading power is maximum at 10 months plus before check in. Your trading power has already decreased, though probably not drastically.

Up until a few years ago, the timing of the deposit was not a factor in trading power with II, as long as the deposit was more than 60 days before check-in.

Then, II announced that trading power would be highest for deposits made the longest in advance, and it would be reduced over time as the check-in date draws closer. I don't recall ever seeing specific details, such as when the reduction in trading power begins, when additional reductions kick in, or whether the rules vary depending on the strength of the week being deposited. I haven't read anything on II's site, and the II folks on the phone haven't been able to give me any additional information.

So, please help me here. What is the basis for the statement, "trading power is maximum at 10 months plus before check-in?"

It's a logical statement, and it's consistent with the idea of maximizing trading power by depositing early. But where does the 10-month number come from? Are there any published details about the reduction in trading power over time?

I typically book summer weeks. For any weeks that I won't use, I typically deposit them in the fall so that I get an AC that I can still use the following fall. That means I tend to deposit about 8 or 9 months out. The weeks that I deposit have a very high demand (and there are undoubtedly pending requests for them). So my deposit should be just as valuable to II at 8 or 9 months as at 10 or 12 months.

 

[gmarine]

Up until a few years ago, the timing of the deposit was not a factor in trading power with II, as long as the deposit was more than 60 days before check-in.

Then, II announced that trading power would be highest for deposits made the longest in advance, and it would be reduced over time as the check-in date draws closer. I don't recall ever seeing specific details, such as when the reduction in trading power begins, when additional reductions kick in, or whether the rules vary depending on the strength of the week being deposited. I haven't read anything on II's site, and the II folks on the phone haven't been able to give me any additional information.

So, please help me here. What is the basis for the statement, "trading power is maximum at 10 months plus before check-in?"

It's a logical statement, and it's consistent with the idea of maximizing trading power by depositing early. But where does the 10-month number come from? Are there any published derails about the reduction in trading power over time?

I typically book summer weeks. For any weeks that I won't use, I typically deposit them in the fall so that I get an AC that I can still use the following fall. That means I tend to deposit about 8 or 9 months out. The weeks that I deposit have a very high demand (and there are undoubtedly pending requests for them). So my deposit should be just as valuable to II at 8 or 9 months as at 10 or 12 months.

I have been with II since 1994 and in that time trading power has always been affected by how long before check in the unit is deposited.

Back when Craig Urbine answered questions on the Ask II forum he mentioned that trading power is maximumized at the 10-12 month mark. That being said, I havent noticed much of a difference between units deposited 10 months in advance versus those deposited 6 months in advance.

 

[Werner Weiss]

I did some Google searches to refresh my memory.

I have been with II since 1994 and in that time trading power has always been affected by how long before check in the unit is deposited.

According to Craig Urbine, the policy became effective as of July 2002:

http://www.tug1.net/tugbbs1/Forum24/HTML/000248.html

Back when Craig Urbine answered questions on the Ask II forum he mentioned that trading power is maximumized at the 10-12 month mark. That being said, I havent noticed much of a difference between units deposited 10 months in advance versus those deposited 6 months in advance.

In the following thread, Craig Urbine says he does not recall making a statement that trading power starts to diminish 10 months from the check-in date.

http://www.tug1.net/tugbbs1/Forum24/HTML/000470.html

In the same thread, Urbine states, "It depends on the resort but I won't release specifics. In many cases, the difference between six months and twelve months is significant."

That suggests to me that it's not a simple formula of diminished trading power beginning at 10 months, but a more complex formula that takes demand for a resort into account.

I'm not trying to nitpick here. In my earlier post in this thread, I was genuinely interested to know if there's a published policy about how the deposit timing influences trading power.

In any case, it seems like a good idea not to wait any longer than necessary to deposit a week. Depositing 10-12 months before check-in seems like a good rule-of-thumb, even if there's not a published policy. The timing of an AC may cause me to wait longer in some cases.

 

[gmarine]

I did some Google searches to refresh my memory.


According to Craig Urbine, the policy became effective as of July 2002:

http://www.tug1.net/tugbbs1/Forum24/HTML/000248.html



In the following thread, Craig Urbine says he does not recall making a statement that trading power starts to diminish 10 months from the check-in date.

http://www.tug1.net/tugbbs1/Forum24/HTML/000470.html

In the same thread, Urbine states, "It depends on the resort but I won't release specifics. In many cases, the difference between six months and twelve months is significant."

That suggests to me that it's not a simple formula of diminished trading power beginning at 10 months, but a more complex formula that takes demand for a resort into account.

I'm not trying to nitpick here. In my earlier post in this thread, I was genuinely interested to know if there's a published policy about how the deposit timing influences trading power.

In any case, it seems like a good idea not to wait any longer than necessary to deposit a week. Depositing 10-12 weeks before check-in seems like a good rule-of-thumb, even if there's not a published policy. The timing of an AC may cause me to wait longer in some cases.

I thought I recalled the policy always being in affect. I must have been mistaken. I also thought that Craig had posted somewhere about the 10-12 month mark and trading power but maybe I just saw his response. In any event, depositing as early as possible is always the best way to go.

 

[Dave M]

I was thinking that the reservation is made with Marriott, but the deposit is made with II. I must be wrong since you indicate that you can do both with the same phone call. Thanks

Yes, the deposit is made to II. Although the reservation is made with Marriott Owner Services, the rep on the phone can immediately deposit the week into II for for you while you are on that call.

 

[aceinthehole]

Deadline to Deposit for Points

When is the deadline to deposit for points???

 

[TheTimeTraveler]

Deposit your 2009 week anytime in the previous year (up to 12/31/2008) in order to receive your Marriott Reward Points.

 

[Lawlar]

How Is Trading Power Determined?

Trading power is maximum at 10 months plus before check in. Your trading power has already decreased, though probably not drastically.

How does one determine the trading power of his timeshare?

Does Marriott or II assign a number of points? Can you look at their site and determine your trading power? How does the system work?

When I made my first trade they simply asked for my desired selections (locations and dates) and then in a day or two I had one of those options. They didn't give me much information - they simply said I should give them as many options as possible and they would get the best they could for me. I think I could have received a better trade if I had learned more about how the system works and the alternatives.

[Is there a thread or section I should read to learn how trading power is determined by II?]

 

[Werner Weiss]

How does one determine the trading power of his timeshare?

Does Marriott or II assign a number of points? Can you look at their site and determine your trading power? How does the system work?

There is not a published number or rank that quantifies the trading power of a timeshare week.

II has a complex formula internally. It's based on a number of factors including (but not limited to) demand, location, and quality. For more details, see the link later in this post.

As timeshare owners, we can maximize our trading power by booking a high-demand week (using II's published demand index), depositing far in advance, and depositing the entire unit instead of locking off and making two deposits (for a lock-off unit). When voting for board members or providing feedback to resort management, we can strive to keep the quality of the resort high.

II tries to match "like for like." A high-demand, high-quality, 2BR Marriott in a location with limited timeshare availability is likely pull a resort with similar attributes. But it will still require proper timing and some patience.

A lower quality, off-season efficiency in an overbuilt area will pull comparable units.

"Like for like" does not mean "Platinum for Platinum and Gold for Gold." Those precious metals are Marriott categories, not II categories. If II sees higher demand for some Gold weeks than for some Platinum weeks at the same resort, those particular Gold weeks should have higher trading power.

Just because we can't see something available online at IntervalWorld.com does not necessarily mean we don't have sufficient trading power. It often means that there aren't any weeks just sitting around on the shelf, but that any deposits go to fulfill ongoing searches.

[Is there a thread or section I should read to learn how trading power is determined by II?]

Go to http://www.tug2.net/advice/TimeShare-101.htm and read "The exchange value of a timeshare."

 

[Lawlar]

Computer system

Wouldn't it be nice if II/Marriott established an exchange system that you could interface with directly on the Internet that was totally transparent? A system that would let you see exactly the trading value of your TS and what was available for that value. And maybe a way for us to get on a waiting list for what we wanted (again fully transparent as to when a trade would be made available).

Oh well, I dream.

 

[dioxide45]

Wouldn't it be nice if II/Marriott established an exchange system that you could interface with directly on the Internet that was totally transparent? A system that would let you see exactly the trading value of your TS and what was available for that value. And maybe a way for us to get on a waiting list for what we wanted (again fully transparent as to when a trade would be made available).

Oh well, I dream.

This may not be a good thing. There would be some people out there who would refuse to trade for something with a lot less trading power. They would feel that they are "trading down". With that system it would harder for II to move weeks.

 

[Werner Weiss]

Wouldn't it be nice if II/Marriott established an exchange system that you could interface with directly on the Internet that was totally transparent? A system that would let you see exactly the trading value of your TS and what was available for that value.

II has an online system at IntervalWorld.com that let's you see what is available with your reserved or deposited week. You'll only see the weeks that have not gone to fulfill ongoing searches or that were not grabbed immediately when they showed up online, but you can get a pretty good idea of the kinds of resorts that your week can grab.

And maybe a way for us to get on a waiting list for what we wanted (again fully transparent as to when a trade would be made available).

There is a "waiting list" in the form of ongoing searches through II. Such searches can be initiated online or by phone. There's no way for II to predict accurately when a trade will come through because that depends on when (or if) a week matching one of your requests is deposited.

Lawlar, I see that you own "Marriotts Maui Ocean Club - Lahaina Villa (fixed ocean front - week 4)." If you deposit with II at 12 months before check-in, you'll be at the top of the food chain. If you plan ahead, making ongoing requests for 12-24 months in the future, you will be in a great position to be successful trading into other high-end timeshare resorts. Your trades won't come through until the owners of those weeks (or in some cases the management company) deposits a matching week with II, and there's nobody ahead of you with similar trading power.

For Marriott-to-Marriott exchanges, there's a high likelihood of success at 10 to 12 months before check-in if you've had an ongoing request in for long enough and if you're high on the trading power food chain. Marriott owners pick the week that they want to deposit, so a lot of desirable weeks make it into II. And the Marriott priority means that for the first 3 weeks or so, there's no chance that the week will go to a non-Marriott owner, even one who's very high on the trading power food chain.

For other higher-end timeshares, such Four Seasons, Westin, and Hyatt, the chance of success is much lower for high-demand weeks. These brands have internal trading mechanisms. Also, the management companies, not the owners, determine which weeks are deposited with II. There may be zero II deposits for what you requested.

One thing that would be useful would be historical data. If I want to trade into a given Hyatt for July 2010, and if I can determine how many (if any) deposits into II there were for that Hyatt in July 2008, then I would be in a better position to make informed choices.