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Is 2019 the 'Year of the Timeshare'? [Marriott/Vistana/Hyatt in the DC speculation]

Fasttr

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We had a discussion about the ILG acquisition and what some of the impacts on Marriott owners going forward will be. As it was a discussion only, everything I have said about the ILG deal is 'speculation'. We also had a discussion regarding upcoming internal changes to the Marriott Destination Points program, (which is why they encouraged me to buy more points as a condition of getting these new benefits). As part of that 2nd discussion, they told me these program changes/added benefits were already documented (for regulatory purposes) and should be formally announced as soon as October (when another points price increase is to also occur).

Since they told me documentation of these new ownership benefits existed, I asked to see proof before I would agree to buy anything because I would not just take their word for it. They agreed and I was shown and allowed to read some Marriott ownership documents that did detail some of the internal program changes/benefits they had been telling me about (and that are referenced generally in my sales contract). Since no one else on TUG has yet stated they have also seen any documentation, I accept my statements on these new owner benefits is speculation also for posting purposes (for now). However, having seen documents that back up what I was told, it's no longer speculation for me.
@kds4.... I realize this thread, that you intended to be about changes coming to the existing MVC program structure, quickly got away from you and turned into Marriott/Vistana/Hyatt "system merger" speculation (and even the title of the thread got changed on you), but circling back to your original intent which I quoted above, we are now in the month of October, the month you indicated where changes were coming .....curious to see if any big announcement comes regarding changes to the existing MVC system as we know it today (not "system merger" related), including a formal points buy back program, enhanced offerings for retail purchased Trust points, etc.

Is it just coincidence that for the last 2 days, this link (the one linked via the MVC site) to Owner Benefits no longer works..... could it be in the process of being updated.... or is it more likely just the typical IT failures of MVC... Hmmmmm..... ;-)
https://www.marriottvacationsworldwide.com/common/cms/mvc/pdfs/owners/Owner-Benefit-Level.pdf
 
Last edited:

VacationForever

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We just attended 2 sales / owners update, last week at Hilton Head and this week at Myrtle Beach, and there is no new information on the merger and its impact to owners.
 

kds4

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@kds4.... I realize this thread, that you intended to be about changes coming to the existing MVC program structure, quickly got away from you and turned into Marriott/Vistana/Hyatt "system merger" speculation (and even the title of the thread got changed on you), but circling back to your original intent which I quoted above, we are now in the month of October, the month you indicated where changes were coming .....curious to see if any big announcement comes regarding changes to the existing MVC system as we know it today (not "system merger" related), including a formal points buy back program, enhanced offerings for retail purchased Trust points, etc.

Is it just coincidence that for the last 2 days, this link (the one linked via the MVC site) to Owner Benefits no longer works..... could it be in the process of being updated.... or is it more likely just the typical IT failures of MVC... Hmmmmm..... ;-)
https://www.marriottvacationsworldwide.com/common/cms/mvc/pdfs/owners/Owner-Benefit-Level.pdf

The rep told us owner emails about Destination Club changes/enhancements would be going out in October to existing MVC owners. The points buyback/exit strategy option was the main one. We'll have to wait and see if/when anything shows up. As far as any merger related changes, we'll have to see if the investor's call on 10/4 provides any insights.
 

Fasttr

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The rep told us owner emails about Destination Club changes/enhancements would be going out in October to existing MVC owners. The points buyback/exit strategy option was the main one. We'll have to wait and see if/when anything shows up.
October is quickly slipping away. Do you remain confident that what you were shown was legit, or are you starting to fear it was simply a sales tactic? Your level of concern must be ramping up a bit. I know mine would be. Hopefully you are still at peace with your purchase even if what you were told/shown never comes to fruition.
 

kds4

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October is quickly slipping away. Do you remain confident that what you were shown was legit, or are you starting to fear it was simply a sales tactic? Your level of concern must be ramping up a bit. I know mine would be. Hopefully you are still at peace with your purchase even if what you were told/shown never comes to fruition.

We're at peace regardless. While we had contemplated moving to CC at some point anyway and didn't go into debt for this purchase, we would be disappointed if we were shown fraudulent documents by an MVCI salesperson. A points buyback program is the main benefit we are interested in and the sales contract from this purchase does reference MVCI's intent to establish/operate a "resignation/resale program for Vacation Club Points Owners" (which is a representation that was made to us and shown in greater detail on the documents we reviewed). I guess (as with many things), time will tell and as they say, YMMV.
 
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