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OK, I'll say it, hats off to Perry

dougp26364

dougp26364

TUG Review Crew: Expert
TUG Member
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Messages
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Location
Kansas
Resorts Owned
Marriott Grand Chateau
Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
While it's not as bad in the ways he said it was going to be, Marriott has still laid a turd at the feet of it's owners with this new points skimming scheme they call an internal exchange program. Perry doesn't have to post an I-told-you-so. Anyone that's taken a look at how few points Marriott gives you for your week compared to how much they expect in return to reserve the same week knows it's true.

So Perry, let me publicly admit, you were right, I was wrong. Marriott has flushed their reputation right down the toilet with me. There was NO WAY I saw this sort of racket coming from them in which they would take my week and give me 11% to 28% fewer points than they require of owners to reserve the deeded weeks we purchased from them.

The good news is, with the $9.20/point their charging, in a couple of years they'll still have more inventory than they can sell and, with any luck, they won't be exercising ROFR. The $1 deals on resale units should be plentiful if any of us are in a buying mood for a deeded week to use or exchange through Interval. Heck, I might even be interested in picking up a Willow Ridge week once the resale values hit rock bottom.
 
You Typed A Mouthful.

dougp26364 said:
OK, I'll say it, hats off to Perry
Click to expand...
You have to get up awfully early in the morning to put anything over on Perry.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 
I concur -- hats off to Perry for identifying the wolf in sheep's clothing.
 
yeah, who would have thunk it



I concur -- hats off to Perry for identifying the wolf in sheep's clothing.
 
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I am just sitting down to read through everything- Happy Father's Day everyone, btw- but at first glance it seems like they've made the same type of point anomalies as in the AP program. I can't book a week at my unit at any time in my season with the points they allotted, like others have posted.

How ridiculous is that?
 
The Tug mantra is always "buy where you would like to stay" but with this points system you no longer are guaranteed that you can stay at your home resort in the season you own because you are competing with every points owner in the entire system! There is no home resort advantage which is a big negative to me. Also all new purchasers (retail that is) will have no home resort at all- it'll be interesting to see how much those points will be worth on the re-sale market when they start appearing in 6 months or so. If I join this new program I certainly will not buy any points from MVCI but if they are dirt cheap re-sale then maybe I would- as it is I doubt that we'll join until more concrete information comes out. This is a real mess- I don't think Marriott is doing a good job with this at all.

BTW speaking of Perry- who is he doing webinars for? He says it's not for MVCI so if not them then who? And if it's not for MVCI then why would his contract forbid him discussing the points here? He's up to something I'm sure. We'll see.....

tlwmkw
 
dougp26364 said:
While it's not as bad in the ways he said it was going to be, Marriott has still laid a turd at the feet of it's owners with this new points skimming scheme they call an internal exchange program. Perry doesn't have to post an I-told-you-so. Anyone that's taken a look at how few points Marriott gives you for your week compared to how much they expect in return to reserve the same week knows it's true.

So Perry, let me publicly admit, you were right, I was wrong. Marriott has flushed their reputation right down the toilet with me. There was NO WAY I saw this sort of racket coming from them in which they would take my week and give me 11% to 28% fewer points than they require of owners to reserve the deeded weeks we purchased from them.

The good news is, with the $9.20/point their charging, in a couple of years they'll still have more inventory than they can sell and, with any luck, they won't be exercising ROFR. The $1 deals on resale units should be plentiful if any of us are in a buying mood for a deeded week to use or exchange through Interval. Heck, I might even be interested in picking up a Willow Ridge week once the resale values hit rock bottom.
Click to expand...

Doug,
I don't quite follow you on this one. We both own Silver 3brm at Ocean Point. They are giving us 4225 points. To reserve the week in the new system they charge 4000 points. We profit 225 points. I don't think its time to apologize to Perry just yet.
 
jimf41 said:
Doug,
I don't quite follow you on this one. We both own Silver 3brm at Ocean Point. They are giving us 4225 points. To reserve the week in the new system they charge 4000 points. We profit 225 points. I don't think its time to apologize to Perry just yet.
Click to expand...

Jim,
I think it was stated by several that they did expect some to lose, some to gain... it does appear that most will lose though. However, what many are losing sight of is that it is still and option. If a person doesn't like it, they can stay with what they currently have... weeks. If they like it they can pay the fee and join...then they can have points. I do think the Marriott does gain in the end, but as you point out, it's not the total doom and gloom Perry insists on.
 
jimf41 said:
Doug,
I don't quite follow you on this one. We both own Silver 3brm at Ocean Point. They are giving us 4225 points. To reserve the week in the new system they charge 4000 points. We profit 225 points. I don't think its time to apologize to Perry just yet.
Click to expand...

If you book a week in September, sure. But we book Novembe/December weeks. I'm not looking at the chart right now but I believe there are only 4 weeks in Silver Season at Ocean Pointe that require fewer points to reserve than what Marriott gives owners. Those being high hurricane season. If all that was available to silver season owners was September weeks, we would never have purchased a silver season week.
 
I'm still trying to understand how the Marriott folks can spin this program to make it look like it's a great deal, considering the point differentials. If they are aiming for direct buyers, then, IMO, they are underestimating the intelligence of their bread and butter customers. Maybe they are right, but they are wrong about me. I will not buy into the program because I bought what I want to use. If I ever want to trade my weeks for other destinations, I will use the other options available to me.

Cheers!
 
NWL said:
I'm still trying to understand how the Marriott folks can spin this program to make it look like it's a great deal, considering the point differentials. If they are aiming for direct buyers, then, IMO, they are underestimating the intelligence of their bread and butter customers. Maybe they are right, but they are wrong about me. I will not buy into the program because I bought what I want to use. If I ever want to trade my weeks for other destinations, I will use the other options available to me.

Cheers!
Click to expand...

I don't know, I'm seeing a few TUGGERS who seem to think it's something they're will to shell out cash to join. I believe Fletch or someone else in the know posted that Marriott wasn't expecting a large number of current owners to join. Seems to me the figure was 25%. This seems about right to me as I know there are those that will buy the sizzle without looking closely at the steak.
 
jimf41 said:
Doug,
I don't quite follow you on this one. We both own Silver 3brm at Ocean Point. They are giving us 4225 points. To reserve the week in the new system they charge 4000 points. We profit 225 points. I don't think its time to apologize to Perry just yet.
Click to expand...

Looking at the Club Point Chart, eight of the twenty Silver weeks at Ocean Pointe command 5900 points, eight require 4000 points and four use 2900 points. And while twelve of the twenty weeks require 4000 or less points, the remaining eight commanding 5900 points are during the cooler months up north where there is more demand for the temperate weather found in Florida. Choosing one of these eight weeks in November or December will cost an owner of a Silver 3bdrm at Ocean Pointe an additional 1675 points. Best to reserve using weeks rather than points with this scenario.
 
"I'm so confused." - Vinny Barbarino

For the moment I'm just going to ignore the new system until I understand it better using the mavens here on TUG. I'll continue using my resorts, trading for reward points, and/or trading through II. Darn, I was really on top of the old trading system. It was like when I finally mastered DOS everything moved to Windows.

I just used up the last of my four 2011 weeks. I traded a Bronze HHI Barony 1.1.2011 for a 5.1.2011 1 bedroom at the Canyon Villas in AZ. Granted it's not the high season there, but it certainly beats HHI during the first week in January. Alas I don't think that I'll get many more trades like this. The Bronze and especially the Silver at the Barony have been good traders.
 
ral said:
Looking at the Club Point Chart, eight of the twenty Silver weeks at Ocean Pointe command 5900 points, eight require 4000 points and four use 2900 points. And while twelve of the twenty weeks require 4000 or less points, the remaining eight commanding 5900 points are during the cooler months up north where there is more demand for the temperate weather found in Florida. Choosing one of these eight weeks in November or December will cost an owner of a Silver 3bdrm at Ocean Pointe an additional 1675 points. Best to reserve using weeks rather than points with this scenario.
Click to expand...

I agree. What I don't understand is why Doug or anybody is saying this is a bad deal. If I want to go in a week that requires 5900 points I call MVCI and reserve that week. I have never been told there wasn't availability for any Silver week at 13 or 12 months out. If I want to go to another former Silver week or any former Gold week I'll deposit the points and keep the change.

I understand that some owners like Aruba and Legends Edge don't have this opportunity but they can still reserve their weeks as usual and deposit for points when they want to trade.
 
jimf41 said:
I agree. What I don't understand is why Doug or anybody is saying this is a bad deal. If I want to go in a week that requires 5900 points I call MVCI and reserve that week. I have never been told there wasn't availability for any Silver week at 13 or 12 months out. If I want to go to another former Silver week or any former Gold week I'll deposit the points and keep the change.

I understand that some owners like Aruba and Legends Edge don't have this opportunity but they can still reserve their weeks as usual and deposit for points when they want to trade.
Click to expand...

IMO, Marriott gives owners a"wholesale" point value of their resort/season/view and Marriott turns around and charges a "retail" point value for that same unit.
 
Any bets on how long before Perry reappears on a regular basis?

Right now he is studying the changes and waiting for the boards to calm down before stirring the pot, but we all know he will be back. My bet is by Thursday he will be re-joining the discussions. Any other guesses?
 
tombo said:
Any bets on how long before Perry reappears on a regular basis?

Right now he is studying the changes and waiting for the boards to calm down before stirring the pot, but we all know he will be back. My bet is by Thursday he will be re-joining the discussions. Any other guesses?
Click to expand...

O for one am interested in his Thursday evening Webinar.
 
Thanks much!

Thanks for the kudos guys - I sometimes feel like a monkey throwing darts at the WSJ, on the wall, and outdoing the experts.

As you know I'm working on my Webinar and you might be surprised at my thoughts.

Speculation on something yet to come is totally different than trying to understand the rules and exploit them to your advantage.

But I'll take any congrats folks throw at me - I'm really good at catching tomatoes, kudos are harder to catch :)

P.S.
I just stumbled on this thread a minute ago - I was not ignoring it.

Thanks Doug!

My 1st Webinar starts Thursday, June 24, 2010 at 8 PM CST; just send an eMail to PerryM@Yahoo.com with the subject Marriott Webinar and I'll sign you up; and of course no cost or obligation but to exploit Marriott for our benefit.
 
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Now Perry - you said you weren't going to post for 3 mos! :shrug:

(Just pulling your leg!) :p

Can you say who is hosting your webinar?
 
DeniseM said:
Now Perry - you said you weren't going to post for 3 mos! :shrug:

(Just pulling your leg!) :p

Can you say who is hosting your webinar?
Click to expand...

I'm doing it myself, I do Webinars once in a while. You won't be "inside" any other website.

I was just asked by a website, that has sold my eBooks for years, to do this and the audio and video will be available to anyone who can't make the Webinars. But again, you won't even know who these folks are by attending the Webinar and I won't use your eMail to hawk something to you.

Webinars are a two way street - the final product will be a fine reference eBook for others; 400,000 Marriott owners are going to have to learn the new Marriott somewhere. This is where I have to end my comments.
 
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My hat off to Perry as well. When I read the long thread leading up to the Marriott announcement the little small voice in me told me that the doom and gloom Perry was preaching was most likely going to be correct, but I didn't want to believe it. I was of the opinion that Marriott wouldn't introduce a program that negatively affected current members. Boy was I wrong. Luckily when I purchased my Marriott I purchased where I wanted to go every year and in the season I wanted to go in. I'm now hoping to purchase another week at the same resort and in the same season on the resale market, since we like going to Ocean Pointe for two weeks at a time.
 
oceanpointeman said:
My hat off to Perry as well. When I read the long thread leading up to the Marriott announcement the little small voice in me told me that the doom and gloom Perry was preaching was most likely going to be correct, but I didn't want to believe it. I was of the opinion that Marriott wouldn't introduce a program that negatively affected current members. Boy was I wrong. Luckily when I purchased my Marriott I purchased where I wanted to go every year and in the season I wanted to go in. I'm now hoping to purchase another week at the same resort and in the same season on the resale market, since we like going to Ocean Pointe for two weeks at a time.
Click to expand...

I did a lot of WAG and happened to luck out, if you can call it that.

That's history and the task now is to understand Marriott's Point system, since many will be buying 100% new Points from now on. Just today Marriott has already sold many Points that have nothing to do with our dinosaur week system.

The task now is to understand the existing rules and exploit them. Feeling emotions about Marriott stopped 6/20/10 and now its down to business...
 
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