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Scheduled Presentation 8/11/2019 - Grande Ocean

Discussion in 'Marriott Vacation Club' started by StevenTing, Aug 4, 2019.

  1. CPNY

    CPNY TUG Member

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    Wow that’s a good deal for that amount of DC points and Bonvoy points.

    I knew what you meant about AI. But if they decide to convert WLM to AI, the timeshares could as well.
     
  2. csalter2

    csalter2 TUG Member

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    Hi Steve,

    I wanted to know what their offer was to you to buy more points. Did they make a reasonable offer to go to the chairman level? Was that enticing to jump to that level?
     
  3. csalter2

    csalter2 TUG Member

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    Remember Those are one time points, not annual points to add to your portfolio.
     
    Last edited: Aug 11, 2019
    CPNY likes this.
  4. CPNY

    CPNY TUG Member

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    I figured that, imagine picking up 2300 DC points for that much? Sign me up!!
     
  5. StevenTing

    StevenTing TUG Member

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    It was a hypothetical week from the bundle list. $6900 with MF for 1401 and would concert for like 2500 points. And then a points purchase of 2750 points at 14.26. He didn’t even bother offering the 25% discount and it came to an average of about $8 a point. MF’s averages out to about 0.575 per point.

    It was not enticing enough.
     
    CPNY likes this.
  6. csalter2

    csalter2 TUG Member

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    I’m not understanding, “$6900 with MF for 1401 and would concert for like 2500 points.”
     
  7. StevenTing

    StevenTing TUG Member

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  8. csalter2

    csalter2 TUG Member

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    Got it. That’s not enticing at all. The must have thought you were an impossibility to sell something to.
     
  9. pchung6

    pchung6 TUG Member

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    Just a quick question that a lot of us are concerning. Did SP ever mention anything about the cross booking between Vistana and Marriott?
     
  10. CPNY

    CPNY TUG Member

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    I think he asked about star options but no info was known about what that looks like at the moment. Which is better than many other speculative information given to others.
     
    pchung6 likes this.
  11. StevenTing

    StevenTing TUG Member

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    Nothing specific. No commitment. However he did mention that many of the points programs created with the help of Interval. While they all have points, it would just be a matter of determining exchange rates because many of them are able to be deposited into Interval.

    But no other insight offered other than that was something they’re trying to figure out.
     
    CPNY likes this.
  12. CPNY

    CPNY TUG Member

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    Interesting. I always thought interval might play a big part in a joint situation. But I’m glad that they didn’t see you as someone they could easily lie to and sell you on buying more points now. Which may be happening often, on both sides.
     
  13. JIMinNC

    JIMinNC TUG Member

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    I think in the Vistana program, you guys call these Explorer Packages"? Basically they are a bounce-back offer for folks who don't buy on tour, to get them to come back on another tour to reconsider.
     
  14. csalter2

    csalter2 TUG Member

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    Are you considering chairman level based upon all of this promise of future benefit increases?
     
  15. CPNY

    CPNY TUG Member

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    Ha! Goes to show you how long I’ve been on a “tour” I don’t recall hearing about these packages lol. I’m not opposed to them though. If it’s a good one I’d consider buying it.
     
  16. JIMinNC

    JIMinNC TUG Member

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    Sales has been saying for years that the bundles are going away soon, but so far they never have. Did he say anything else about reasons or rationale that might provide any insight as to whether this is a more likely possibility this time or just the same old tactic to create a call to action to "buy a bundle before they are gone forever."

    Did you get any indication that the Amnesty programs might be gone for good, or maybe just the end of "this year's" promo.
     
  17. Steve Fatula

    Steve Fatula TUG Member

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    Yeah, I have heard this quite a few times over the years. The bundles used as a sales tool seem to be effective. I would imagine many of those buying them in reality turn them into DC points, so, it's similar to absorbing the weeks into the points system. They can be sneaky too, taking low season weeks and not pointing out the MF, etc. I can't imagine why they would eliminate the bundles.
     
  18. davidvel

    davidvel TUG Member

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    Resale weeks can lock-off, deposit or use each side, and trade just like a developer purchased week. Only limitation before enrollment is ability to trade for Bonvoy points.

    I'm sure this thread will blow up, as IMO a lot you were told is typical sales BS (bountiful speculation), but I don't have time to address all those now.
     
    Steve Fatula likes this.
  19. csalter2

    csalter2 TUG Member

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    What you’re stating is true and the obvious for many of us as it pertains to resale weeks compared to developer weeks before Marriott began the points system. Without a doubt buying a resale week on the secondary market is less expensive, but it’s limiting compared to points. However, if one wants to be able to participate in the Destinations Program and to take take advantage of its benefits, you must have an enrolled week that can elect points or Destination points. It depends on what’s important to you. If one owns multiple weeks, the saving of money on lock off fees, II membership and exchange fees for Marriott to Marriott exchanges are significant advantages over a resale week.

    Those who buy strictly Destination points from a financial standpoint are at a loss because you get less for the dollar. However, enrolled owners have huge financial benefits. I know that you are a proponent of resale weeks. However, you don’t recognize benefits of participating in the Destinations Program with enrolled weeks. There’s a new game in town. You have to learn the new rules of engagement. You don’t want to end up like Sears and Toys R Us and not understand the impact of online sales. They are now yesterday’s news.

    With all that being said, again, if you are happy going to the same resort each year and are comfortable with waiting for II for trades then buying a resale week is the most economical way to go because you don’t need the flexibility that the Destinations Program provides.
     
  20. StevenTing

    StevenTing TUG Member

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    Amnesty could come back. No indication that it could not.

    However with bundles I was told it would end at year end. I don’t remember the exact details but Was told that bundles are only offered to week owners. What I don’t remember is if they are offered only to legacy owners or if they are also offered to resale week owners. So here are some questions to be considered.

    Have any resale week owners been offered a bundle?
    Have pure trust point owners been offered a bundle?
    Have pure resale point owners been offered a bundle?

    They said the bundles will go away because they are only offered to Marriott owners. Because they can’t offer it to Vistana owners or Westin owners, it will go away. This is a plausible reason. I asked them why they couldn’t offer it to them. And the response is that they only offer it to Marriott owners. And because of that it wouldn’t be fair so they’re going to do away with the bundles. I received this same response back in Maui a couple months ago.
     
  21. davidvel

    davidvel TUG Member

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    I was just reaponding to Steven's comment about the ability to lock off a resale week. As for the rest of your post, I own a resale week enrolled in the DC.
     
  22. JIMinNC

    JIMinNC TUG Member

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    This could be the sales rep engaging in some of @davidvel 's Bountiful Speculation. Our first purchase with MVC was a bundle back in 2014. So we were not owners at the time. We did specifically ask about it, so I'm not sure if we would have been offered it independent of that. But they were willing to sell a bundle to us even though we were not MVC owners at the time. On our last sales presentation back in April 2018 (and the only one we've done since we bought our bundle in July 2014), the only thing we were offered was a bundle. They didn't even try to pitch a pure points package.

    A few months after our April 2018 presentation, when last summer's Amnesty promo was launched in May or June of 2018, they contacted us to offer that to us to enroll our EOY MOC week. Since they wouldn't cut the required point buy to 1500 points (since I was really only enrolling half a week), I wasn't willing to buy 3000 points just to enroll an EOY. I told them we would wait until we acquired a second EOY to consider it again. He then said if we pass, just recognize that that would probably be the last time they ever offered Amnesty to MVC weeks owners, because starting in 2019, they were going to be focusing on integrating the Westin/Sheraton owners and most promotions would be directed to them. Well they did offer it again this past spring until 7/31. (We now have a second EOY, but we didn't close in time to meet the 2/28 cutoff for the just-ended Amnesty.)

    Even back in 2014 when we bought our bundle, I seem to recall the sales rep said something to the effect of, "We're not going to be offering this bundle option much longer, so you are smart to do this now." I also don't see why they couldn't sell a bundle to a Westin or Vistana owner. It would work just as well for them as it did for us back in 2014 as a way to enter the MVC system. Makes no sense to me why they would limit it in that way.

    Who knows? Maybe this time the sky will actually fall, but the Chicken Little's in MVC Sales have been saying this stuff for quite a while.
     
    Last edited: Aug 12, 2019
  23. Fasttr

    Fasttr TUG Member

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    Back when we only owned Trust points, they only pitched me Trust points, even though, through TUG, I was aware of the hybrid bundles. As soon as I purchased my resale Grande Ocean week, they started pitching me Hybrid bundles nearly exclusively. So there is likely some truth to what he was saying as to how, and with what, they target you, but as Jim said, if you know enough to ask, they will sell you the bundle.
     
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  24. csalter2

    csalter2 TUG Member

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    When I was at the NY Pulse a couple of weeks ago, they did not mention a bundle initially. It was a straight 2000 points they offered. When I mentioned resale, the hybrid deals came out. The salesman did tell me hybrids were going away.
     
  25. Big Matt

    Big Matt TUG Review Crew: Veteran TUG Member

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    My take on the Encore package price. 200 bonvoy points gets you five days at a nice property so figure the equivalent of about $1500 without paying taxes. The three nights at GO are worth another $1000. 2300 VC points gets you a full week at a lot of places. I'd guess it is equivalent to about $2500 to you are getting a good deal.........however, do you need to pay $3299 to get $5000? It sure lures you in.
     

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