CO skier
TUG Member
Fred - Not exactly sure how this is cheating the system. The entity most impacted here (Wyndham) - is the one that is running around selling owners the VIP memberships and promoting this strategy as a benefit of VIP.
And cheating typically involves breaking a rule. This strategy is no more cheating the system then is using a grouped reservation to get a high demand resort in the Worldmark system.
Sorry, not Fred.
Let's not be obtuse. Those who cancel and re-book for premium reservations, some of which are made 13 months in advance, know they are playing a loophole.
If we want to invoke rules, when a cancel/rebook attempt fails, all the points for the reservation are returned as cancelled points according to the rules. There is no cause for complaint.
The mechanism responsible for the failed attempt -- Extra Holidays, broken water mains, overbooking, rogue computer programs -- does not matter. No one forced the owner to cancel.
Cancel/rebook is a gamble. The sales weasels don't go so far as to offer guarantees, but they do present only the upside, as any good salesperson would. It seems the risks are starting, somewhat, to reflect the potential reward. It makes the gamble that much more exciting. Skip Vegas, take the money saved and buy a Wyndham platinum account.