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Jun 25

New Timeshare Ownership Program from Marriott Vacation Club

Timeshare Relief Mariott Vacations Club In 1984, Marriott became the first hospitality company to enter the timeshare industry. Since then, Marriott Vacation Club has redefined the timeshare ownership experience. Timeshare owners enjoy the assurance of a program from a recognized leader in the timeshare industry.

Marriott Vacation Club just launched the points-based Marriott Vacation Club Destinations program in North America and the Caribbean. The program offers more flexibility and a more personalized experience.

This new program will allow timeshare owners to redeem points to travel within any of four Vacation Collections.

Marriott Vacation Club Collection: Access to more than 50 luxurious resorts and including added benefits such as: any day check-in, varied lengths of stay, variety of accommodation sizes, and more choice of travel season at resorts in North America and the Caribbean.
Marriott Collection: Choose from more than 3,000 hotels.
Explorer Collection: Travel to new places or take a cruise with exchange for travel packages.
World Traveler Collection: Access to over 2,500 resorts in more than 75 countries through Interval International.

Timeshare owners will receive their points annually to redeem for their customized vacation. They will also be able to save, borrow or buy additional points. This new program also provides timeshare owners with a personal Vacation Ownership Advisor that will help with travel arrangements in the four Collections.

Keep coming back to this blog to learn about how this change will affect timeshare owners. In short, Marriott grants flexibility to its timeshare owners, but at the same time creates a marketplace for the points and opens their timeshare units to be sold more than 50 weeks per year.

Jan 15

Marriott Opens Its 50th Timeshare Resort – Everyone Wins Right?

Timeshare News 2 Comments »

Down on the Gold Coast of Florida, they have a brand spankin’ new timeshare resort, the Marriott Oceana Palms on Singer Island. In fact, the doors of the 19-story, 91-villa resort opens today. It is the 50th timeshare resort for the Marriott Vacation Club and its second on the island.

Although Marriott announced that it was stopping all new timeshare developments back in September 2009, the Oceana Palms was already in development. After writing down $760 million from its timeshare business then, Marriott suffered a third quarter net loss of $466 million in 2009. So, this resort opening sets a new path amid the bubbling optimism of economic recovery.

With the average Marriott timeshare week costing timeshare owners approximately $30,000, Marriott stands to bring in a substantial revenue base for the Oceana Palms. A second phase is planned to build a second 19-story tower and bring the overall villa count to 169. With maintenance fees, a healthier economy, and the Marriott brand-name, Marriott is a winner with this opening.

The timeshare development also produced local jobs with the construction, and will bring in more small businesses that increased tourism will demand. Moreover, the local and county coffers will add significant vacation accommodation related tax revenue. So, the local economy and governments are winners as well.

Timeshare owners get an opportunity to vacation at a contemporary and luxurious resort with many local amenities. So, from a travel and vacation standpoint, the owners will come out ahead. But, when you look at their pocketbooks and the chance that they’ll take advantage of using their timeshare every year, the $30,000 a week average cost along with the annual and special assessment fees will more than not never be worth the value of the timeshare.

So, are the owners “winners”? They flip the bill for the company and the local economy, but gain some measure of vacation luxury from time to time. So, financially, timeshare owners are not winners. But with the proper mindset, like going to the celebratory Grand Opening, they’ll sure feel like winners…regrettably, they’ll need to brace for the hangover.