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Same things going on in DRI across the pond!

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  • Same things going on in DRI across the pond!

    Received via another forum:
    A decision has been made by THE ClubSM from 1st September not to allow points purchased or ‘transferred’ from another European Collection member to be used for benefits and services provided by THE ClubSM. This means that points purchased this way remain valid for all European Collection resort reservations and for II exchanges, but cannot be used for the member benefits introduced by THE ClubSM earlier this year, such as points redemptions on flights, cruises, etc. or for booking holidays to non European affiliated resorts, which are provided for by THE ClubSM.

    This policy decision introduced by THE ClubSM does not impact points owned by any member who has previously purchased points from another member, or has a member points purchase currently being processed, nor does it affect members’ enjoyment of the II exchange and Gold membership benefits. When points are used for a European Collection reservation, then ‘transferred’ points will be deducted used first, so leaving points recognised by THE ClubSM free to be used on member benefits.

    All members requesting a new points purchase from another member from this time will be clearly told of this new policy; we will be entirely transparent.

    This decision has been made by THE ClubSM operating company, and is a policy change that neither the Diamond Resorts European Collection Board of Directors contributed to nor can vote on.

    Sarah Hulme | Vice President of Global Club Operations | Diamond Resorts International®


    This is going to make points worth even less now!
    ... not enough time for all the timeshares ®

  • #2
    So, TheClub inventory will shrink as current members sell or transfer points and the only growth will be new retail sales. I suspect this will translate into reduced inventory, reduced availability for members and some very unhappy campers! How can this be Good for TheClub in the long run?!

    Obviously DRI wants to close the back door as they want to pitch "The Club" as an exclusive benefit. And, if the value of resale points goes down the Devbuyback scheme can profit even more in the short term! But, I have to wonder how long such a model is sustainable and how it fits with the corporate goal fo being an industry leader ... bad news does travel......

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    • #3
      Originally posted by Schooner View Post
      So, TheClub inventory will shrink as current members sell or transfer points and the only growth will be new retail sales. I suspect this will translate into reduced inventory, reduced availability for members and some very unhappy campers! How can this be Good for TheClub in the long run?!

      Obviously DRI wants to close the back door as they want to pitch "The Club" as an exclusive benefit. And, if the value of resale points goes down the Devbuyback scheme can profit even more in the short term! But, I have to wonder how long such a model is sustainable and how it fits with the corporate goal fo being an industry leader ... bad news does travel......
      The statement in the OP does not say that there is not a way to re-enter it with additional payments or retail purchase. Although I agree with what you say... I've always said that what's good for the Club is good for the company, but sales seems to drive the train.
      ... not enough time for all the timeshares ®

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      • #4
        Good point ... I jumped to the conclusion they were closing the back door tight! One does have to read the communiques very carefully!!

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