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VAC/ILG shareholder activism speculation [THREAD CLOSED]

Discussion in 'Marriott Vacation Club' started by krj9999, May 24, 2017.

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  1. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    I also hope there will be no change after the merger but I know there will be and it is to the detriment of owners. I like what I own and I just do not want any sort of mingling of the programs. By co-mingling brands, that means everything will get more expensive for owners and new owners in order to pump the pockets of the corporation/private equity/significant shareholders.
     
  2. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Any time there is consolidation in an industry, there is little benefit to the customers. Prices up and benefits down.
     
    Sapper, VacationForever and Fasttr like this.
  3. GregT

    GregT TUG Member TUG Member

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    Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, DC Points HGVC: HHV Lagoon, Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, Aulani, Worldmark
    I think this would be a non-event for us -- Having Marriott control ILG (and Starwood and Hyatt properties) is alot like Wyndham/RCI and Worldmark. There is some cross-pollination between the systems (that is "beneficial" but expensive).

    With Worldmark, I could book Wyndham properties 9 months out -- but Wyndham owners get access 10 months out, so I get the leftovers. In a Marriott/ILG example, at 7 months out (which is an important date), I could internally trade my Marriott Shadow Ridge Week for a Harborside Resort at Atlantis (if HRA was available), and I would pay $99 for the trade. The problem is that 8 months out, HRA is available for other StarOptions trades, so there is little actually left at 7 months out to match the Marriott trade. Each system has it's own existing rules that complicate the ability to cross-pollinate.

    I think this is about Marriott trying to diversify and find revenue sources that are less volatile than selling points. Exchange fees/rental revenues are more stable. Marriott probably has a bunch of weeks that they deposit into II and inefficiently monetize and that this is an opportunity to get $XXX in Getaway Revenue. Plus---- Wall Street likes activity, not complacency. We will see.

    But I do not think we will see any real positive or negative.

    Best,

    Greg
     
    dioxide45 likes this.
  4. JIMinNC

    JIMinNC TUG Member

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    True in many cases, but not all. One example is banking - an industry in which I spent over 20 years and was involved in many mergers. When I first started in that business, banks could not operate branches and ATMs across state lines from the state in which they were headquartered. As a result, we had a lot of small to medium sized banks in the US. The industry was very fractured. When those laws changed, allowing banks to grow, merge, and expand nationally, consumers and businesses both benefitted in many ways.

    For example, In the last week I've been at home in NC, in Florida on business, and now in SC on vacation. My bank has branches and ATMs in all three places (as well as most other key destinations in the US). I can use their ATMs without paying fees and can use a branch if I need to when traveling. When my son moved to a new state for college and his first job, he didn't have to set up a new bank account. He could stay with the same bank. Back in 1980 when I first entered banking, that would have all been impossible.

    Business has also benefitted, because when I started in banking, virtually all of the top banks in the world were based in Europe, Japan, or China. Because of the old restrictions that kept US banks small by comparison, larger companies had to deal with different banks in every state in which they operated and the credit needs of the largest companies could not be handled by a single US bank. US banks had to put together consortiums of US and foreign banks to provide the credit larger companies needed. Now, with bigger US banks, our banks can meet the needs of more big companies.

    Obviously, there have also been negatives to consolidation - "too big to fail" is the most notable - but those are more artifacts of the regulatory environment not changing as the size and complexity of the banks changed. The regulatory infrastructure was still oriented toward smaller, less systemically risky institutions, so the financial crisis of 2008 helped teach us that the regulations and oversight needed to evolve as the banks grew.
     
  5. BocaBoy

    BocaBoy TUG Member

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    There seem to be an awful lot of folks commenting who see only bad things from a potential merger of ILG and VAC. Reminds me of all the doomsday predictions when VAC was spun off from Marriott International. Some of us who saw that spin-off as a real opportunity were ridiculed, but now I think the benefits are obvious. Could be the same thing here, although I am not smart enough to have a solid opinion on this one.
     
  6. BocaBoy

    BocaBoy TUG Member

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    Not necessarily. Maybe ILG would be the ones calling the shots. We really do not know.
     
  7. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    What I know is that if MVC allows Hyatt and Vistana owners to book Marriott inventory at X months like Wyndham/Worldmark/Shell program, I would not be too happy as a Presidential member as the 60-day inventory will be reduced.
     
    Superchief and BocaBoy like this.
  8. Theiggy

    Theiggy TUG Member

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    Last edited by a moderator: Apr 19, 2018
  9. dougp26364

    dougp26364 TUG Review Crew: Veteran TUG Member

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    This would be an interesting merger if, and it sounds like a big if, it comes to be. I would love to see the Hyatt’s in Key West and Sedona avaiable for internal weeks exchange or points reservations
     
  10. Mr. Vker

    Mr. Vker Guest

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    I'm already calling Hyatt and Vistana for reservations. LET ME IN!
     
  11. kds4

    kds4 TUG Member

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    I don't know enough about the other companies products, but wonder if (like the hotel rewards programs) there will be a way to integrate the owners of the varied timeshares into the DC points program or if they will have to remain distinctly separate for booking/usage despite having a singular owner (were MVCI to acquire them)?
     
  12. kds4

    kds4 TUG Member

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    If you want to get to the substantive portion of the video, skip to the 20:00 mark and start there. David Flueck begins speaking right after.
     
  13. Fairwinds

    Fairwinds TUG Member

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    When diamond bought a TS company I owned l believe you had to enroll in their program or just stay the same. I never was interested so I don’t know the details but kind of like Marriott did with the points program. So I suspect they would have to establish a new bucket to hold points/inventory. I wonder what that would cost to gain access?
     
  14. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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  15. NiteMaire

    NiteMaire Tug Review Crew: Rookie TUG Member

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    That's precisely what a VAC salesman told me yesterday during our update...bring the TS brands together, but not keep the exchange business. Time will tell if his lips were moving.

    Sent from my sweet Samsung Note 8 using Tapatalk :)
     
  16. krj9999

    krj9999 TUG Member

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    I guess we have our answer.
     
  17. mdurette

    mdurette TUG Member

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    deleted - this info in another thread.
     
    Last edited: Apr 30, 2018
  18. WJS

    WJS TUG Member

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    Hopefully the Moderator does not merge the REAL news of today's acquisition of ILG by MVW, vs the speculation contained in this thread.
     
  19. SueDonJ

    SueDonJ Moderator

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    Last edited: Apr 30, 2018
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