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RCI hikes Weeks fees...highway robbery!

PigsDad

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Any business that continues to charge more and more and offer less and less will eventually lose it's clients.
Except if said business is a monopoly. And one could argue RCI is close to a monopoly, in many aspects. :(

Kurt
 

easyrider

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Except if said business is a monopoly. And one could argue RCI is close to a monopoly, in many aspects. :(

Kurt

That is how I see it.

Bill
 

vacationhopeful

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My favorite resort is associated with BOTH RCI and II. And the 2/2 units are lockoff plus several versions of 1bdr units. And the 2/2 lockoff MFs are under $900 yearly. And in Ft Lauderdale, a short block to the beach.

Just have to have PRIME Weeks ... wait, I have them. ;)
 

Egret1986

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For all those of you souring on timeshare exchanges, all I have to say is that around 2007-2009 there were a lot more options.

Hang on for a little while longer and in the next downturn you'll be glad oh so glad that you own timeshares.

Additionally, we timeshare owners have an "ACE" up our sleeve, we can weather this market up turn by simply using our timeshares and not exchanging. Most people I know do not have that option, and pay RIDICULOUS prices to go on vacay.

I guess I'm one of those "souring on timeshare exchanges". It's those fees!

I've been exchanging for 33 years. The exchanges have been great all those years. Timeshare exchanges allowed us to see and do many things that our peers and co-workers were unable to do.

I'm preparing for the end of my RCI membership in 2019. I feel that today there are so many other options to explore besides owning timeshares and exchanging. Maybe I'm kidding myself.

You are correct about "most people....do not have that option, and pay RIDICULOUS prices to go on vacay." Maybe I'm out-of-touch with THAT reality. I wonder.:ponder: It gives me something to think about.

Normally, I'm set for exchanges two years ahead. My last exchanges are in 2018. I better get a plan because I'm certainly not going to stop going on vacations and I certainly don't want to "pay RIDICULOUS prices to go on vacay."
 

flybefree

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I've become pretty adept at finding deals and travel hacking (we fly to Europe nearly for free 1-2x a year), so I'm not concerned about the costs to travel shooting up when I sell my timeshares. Airbnb wasn't a thing during the 2007-2009 recession. I suspect it will be even more of a thing in the next downturn, as more people will try to supplement their incomes that way. If it weren't for the fee gouging, I think most of us would be happier. RCI HAS to be well aware they're losing people due to the increases, but it becomes a bad cycle: you raise fees and lose people, so your revenue goes down, so you raise fees again, and then lose more people...the process perpetuates until you go bankrupt. I saw it happen at a swim and tennis club we belonged to as a kid. Once the value proposition is gone, so is your customer base and then your business. RCI is going to price themselves out of business.
 

humsor

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Fees too much. Not worth it anymore. Still kept my membership for extra vacations, but stopped depositing. Bye-Bye RCI!!!
 

Coach Boon

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I agree that RCI fees are becoming too high in return for the "service". I had the same conundrum in 2017. Should I renew or not? I tested out DAE on an exchange to help in this decision and it was a bust. So my only option is RCI Weeks. My MF are very low $700 for a very good location but much older TS. When I add in the exchange fee, as I just did recently, it represents a large portion out of the MF. I'm in the vicinity of 33%. We do have some deposits to burn and I'd hate to lose them but it's money under the bridge at this point. Worse comes to worse we use our week and that's it. With so many other travel options available, we can always do those as well.

I'll continue to watch the comments here on TUG as we have plenty of time to decide "to renew or not renew, that is the question" - at least for us.
 

bizaro86

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In the last year, my RCI fees have been >50% of the total cost of my RCI bookings. I'm still satisfied with the value, primarily because I have a good TPU generator, but still, it seems that RCI is capturing a pretty high percentage of the total value.
 

gnorth16

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Until April 13, 2018 RCI exchange fees are 15% off. Saved $51 CAD, which isn't anything to scoff over, but still was $284 CAD to do an exchange.

RCI4.PNG
 

carl2591

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That could be the reasoning behind the email I got this morning from RCI talking about a TWO DAY SALE.. they have reduced exchange fees to 199 a 40 discount if you book by 3-23-18.. Interesting as i am not remembering see an exchange sale in a while if ever..:)

I've become pretty adept at finding deals and travel hacking (we fly to Europe nearly for free 1-2x a year), so I'm not concerned about the costs to travel shooting up when I sell my timeshares. Airbnb wasn't a thing during the 2007-2009 recession. I suspect it will be even more of a thing in the next downturn, as more people will try to supplement their incomes that way. If it weren't for the fee gouging, I think most of us would be happier. RCI HAS to be well aware they're losing people due to the increases, but it becomes a bad cycle: you raise fees and lose people, so your revenue goes down, so you raise fees again, and then lose more people...the process perpetuates until you go bankrupt. I saw it happen at a swim and tennis club we belonged to as a kid. Once the value proposition is gone, so is your customer base and then your business. RCI is going to price themselves out of business.
 

moonstone

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That could be the reasoning behind the email I got this morning from RCI talking about a TWO DAY SALE.. they have reduced exchange fees to 199 a 40 discount if you book by 3-23-18.. Interesting as i am not remembering see an exchange sale in a while if ever..:)

Sadly I have not received such an email. I hope the deal isn't restricted to only US or just Weeks members. I've been looking to exchange some points for a 9 or 10 night stay in FL this fall.

~Diane
 

bellacyn

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They have been have quite a few sales lately, I am also fed up with RCI, The fees keep going up and up, Is there an alternative, I am a platinum member and have points not a weeks exchange, I bought it on the secondary market many years ago very cheap. The salesman was great and points was just coming out at that time. I must say we have been all over This great country and created many memories with our grand children, but it seems to be getting more and more expensive to keep the membership.
 

bogey21

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I remember the time some 25 or so years ago that RCI fees were relatively insignificant. When they got out of line I stopped using them for everything except Extra Vacation deals.

George
 
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