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Redweek updated their exchange program. I noticed they now accept "provisional" deposits, ... "these [are] weeks have been offered by their owners on the condition that a suitable exchange can be found. "
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I haven't been following the whole Redweek Exchange program too closely so thanxxx.
I was just in there and saw that myself.
JEMartin -
Can you give a reference. I looked and didn't see it easily.Mark B.Comment
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I happened across it when I was looking at a particular resort. I tried to go back when I was writing my post but couldn't find it quickly.
It might have been one of the Sunterra Premier resorts in Hawaii (aka former Embassy resorts.) JEMartin Comment
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What if someone exchanges for a provisional deposit? Does that mean they don't have a confirmed week unless the original depositer makes an exchange? Who wants that?
It sounds like Redweek is having a hard time overcoming the critical mass problem of an exchange company.
They had the right idea in partnering with someone with inventory like DAE. But, they partnered with someone who has nothing but dogs weeks in the market most timesharers on redweek care about..... the good ol' US of A.
I believe that this exchange venture will be out of business before the end of the year unless they get access to some decent inventory in the US market.
Yes, that means they need to sell their soul to some developers who will give them free inventory to get the exchange cycles going.Comment
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Yes, it is the old "chicken and egg" problem.Originally posted by BocaBum99
Inventory is King, and if Redweek wants to rise above all the other independents, they need to
- much improve the search facilities on their website
- get more inventory
I would have used "irrelevant" rather that "out of business", but apart from that, I agree. I say this because I think their added costs to provide this exchange service is very low, and I believe they can keep going.Originally posted by BocaBum99
If Redweek wants to grow this side of their business, they have to invest, and you mention developer weeks, and/or
- they can use some of their exchange fees to rent weeks and deposit them into their pool
- they could build in a margin in their exchange pricing e.g. if they obtain a week from me for 1000 points, they could ask an exchanger 1200 points for that week
The best way to fix this point system (or any other point system or airline miles system etc etc) is to tie it to money. I noticed a while ago that American Express Credit Card reward points can be redeemed for cash or bought for cash, and while the margins far exceed what is paid for say, currency exchange, it does give people more options.Comment
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[QUOTE][I would have used "irrelevant" rather that "out of business", but apart from that, I agree. I say this because I think their added costs to provide this exchange service is very low, and I believe they can keep going.
/QUOTE]
Yeah, you are probably right. Redweek is quickly becoming the Bidshares of exchange companies.Comment
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is there a charge for redweek?Comment
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Re: >> is there a charge for redweek? <<
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$15 / year membership fee (membership required if you want to see / respond to rental, sale, exchange ads). Significant cost (per ad) to place rental or sale ads.
Exchange fees in their fledgling "exchange" program are slightly less than RCI / II, but at present RedWeek has very little (....and I'm being kind) in the way of desirable exchange inventory. You can "search first" before depositing in their exchange program, but thus far such a search yields nothing of any interest (at least to me); your mileage may vary.Comment
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