Well this is new

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

http://www.rci.com/RCI/RCIW/RCIW_ind...ogram_Activity

RCI is please to disclose the following statistics related to the RCI Weeks Program for January 1st through December 31st 2010. The statistics are for activity that occurred greater than sixty (60) days prior to check-in, and are categorized by the Trading Power segments of High, Medium, and Low.
The chart below represents the total number of units ADDED by RCI to the Weeks exchange system (dark gray) vs the total number of units USED by RCI that came from Weeks members (light gray) broken down by Trading Power segment.





Disclosure of Weeks Program Activity for 2010

In 2010 RCI added 552,777 units of inventory to the Weeks exchange system and used 242,132 Weeks member deposits for rental and other purposes.

There were 1,813,281 total units of inventory deposited more than sixty (60) days in advance of the starting date of the deposited Vacation Time. There were 1,262,056 deposited by Weeks members with the following breakdown by Trading Power Segment: 468,039 High, 456,708 Medium, and 337,309 Low. There were 551,225 deposits by RCI or other with the following breakdown by Trading Power Segment: 187,708 High, 196,500 Medium, and 167,017 Low.

There were 683,715 total Exchanges in the RCI Weeks Exchange Program completed more than sixty (60) days prior to the starting date of the deposited Vacation Time. There were 533,603 Exchanges completed using Member deposited inventory with the following breakdown by Trading Power Segment: 266,888 High, 202,158 Medium, and 64,557 Low. There were 150,112 Exchanges completed using inventory deposited by RCI or others with the following breakdown by Trading Power: 68,173 High, 59,224 Medium, and 22,715 Low.

There were 558,745 units of inventory not subject to Exchange or used for any purpose. This includes inventory deposited within sixty (60) days of the starting date of the Vacation Time. The breakdown of this inventory by Trading Power Segment is as follows: 93,334 High, 151,293 Medium, and 314,118 Low.

There were 242,132 units of inventory that were deposited by members and rented or used for other purposes by RCI more than sixty (60) days in advance of the starting date of the deposited Vacation Time. The breakdown of this inventory by Trading Power Segment is as follows: 107,129 High, 87,706 Medium, and 47,297 Low.

In any case where the Trading Power value could not be retrieved, the Deposits were applied in a uniform 1/3 manner to each of the High, Medium, and Low TP groups.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

http://www.timeshareforums.com/forum...acts-maam.html

[chriskre Super Moderator Find all posts View Profile Close chriskre]

Okay, could somebody translate that pleeeze.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Okay, could somebody translate that pleeeze.

This is just RCI ordered by court settlement to disclosure its rental activities. So it tell us how many member deposited exchangers are used to rentals And of course, how many weeks that not deposit by members but RCI get from other methods was used in exchanges.

And the trading power part is used to show what kind of week they are.

Jya-Ning

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

It is also trying to justify rentals for future lawsuits, by putting the focus on ''trading power segments'' instead of something more realistic like geographical regions and time periods. It is also why some of the weird areas are overpointed or underpointed to manipulate this data. If RCI is getting a lot of developer deposits from an area that they want to use to offset weeks they are renting out, it is to their advantage to give it an artificially high trading power number, as we have seen happening. If it is an area where they get few developer deposits but want to pull weeks out to rent because it is a high demand / low supply area, it is to their advantage to artificially depress their trading power numbers, as again we see frequently in Points Lite. Thus the ''balancing'' they are doing with other inventory is done with rigged numbers.

Until they publish these numbers for geograhical areas and seasons, they are meaningless. The high trading power number weeks that remain unused are highly predictable and likely come mostly from the overpointed areas. If the system were being running honestly and objectively, that data would compel reduction of those numbers. But Points Lite is just an elaborate manipulation to try to cover RCI's butt with a smoke screen in the event of a new class action. The judge in the first class action noted that the way the ''settlemet'' (more aptly self-serving sell out by the class action attorneys) was structured it almost begged another class action in the future.

[chellej Senior Member Find all posts View Profile Close chellej]

This is the kicker in this

There were 242,132 units of inventory that were deposited by members and rented or used for other purposes by RCI more than sixty (60) days in advance of the starting date of the deposited Vacation Time. The breakdown of this inventory by Trading Power Segment is as follows: 107,129 High, 87,706 Medium, and 47,297 Low.

They took the member high value weeks and rented them....do we really need to know where they are?

[gandalf252002 Senior Member Find all posts View Profile Close gandalf252002]

It also looks from this that they are possibly still putting member exchanges directly into rental pool, never giving people the option to purchase for exchange. Not that we will see it, but they really need to break things down more such as how many were rented at 180 days out etc.

This is the kicker in this

There were 242,132 units of inventory that were deposited by members and rented or used for other purposes by RCI more than sixty (60) days in advance of the starting date of the deposited Vacation Time. The breakdown of this inventory by Trading Power Segment is as follows: 107,129 High, 87,706 Medium, and 47,297 Low.

They took the member high value weeks and rented them....do we really need to know where they are?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Yes, because under the shell game of RCI valuation, many of the more desirable weeks would be in the medium category, at least as to the points RCI gave for the deposit, while many of the high category would be overpointed resorts in overbuilt areas that they artificially give an inflated value for deposits but have a glut of.

This is the kicker in this

There were 242,132 units of inventory that were deposited by members and rented or used for other purposes by RCI more than sixty (60) days in advance of the starting date of the deposited Vacation Time. The breakdown of this inventory by Trading Power Segment is as follows: 107,129 High, 87,706 Medium, and 47,297 Low.

They took the member high value weeks and rented them....do we really need to know where they are?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

One of the Points Lite changes was directly designed to get them around the restriction in the ''settlement'' (actually a self-serving sell out by the class action lawyers) that would require RCI to offer weeks for exchange before putting them in the rental pool. That provision only applies to weeked deposited over a year out. Other weeks are not restricted, and they can still put them directly into the rental pool, and almost certainly do.

The change they made was intended to encourage people to deposit later, so that the weeks could be put directly in the rental pool if RCI wanted. In the old Weeks program, to maximize trading power, one had to deposit over a year out, which would mean the deposit would have to be offered for exchange. Under Points Lite, maximum trading power is achieved at 10 months out, and at that juncture, RCI is free to put them directly into the rental pool. There is no longer any point in depositing a year out, and for many that just means an earlier prepayment of m/f's so it encourages deposits that will allow them to rent out the week immediately.

Many of the Points Lite changes are related more to RCI's rental operations than to anything that might benefit exchangers.

It also looks from this that they are possibly still putting member exchanges directly into rental pool, never giving people the option to purchase for exchange. Not that we will see it, but they really need to break things down more such as how many were rented at 180 days out etc.

[regatta333 Member Find all posts View Profile Close regatta333]

I wonder how many of the units RCI has added are non-TS, hotel inventory that they have acquired at discount? More and more of that inventory is cropping up. How is that equitable substitution?

[chriskre Super Moderator Find all posts View Profile Close chriskre]

I wonder how many of the units RCI has added are non-TS, hotel inventory that they have acquired at discount? More and more of that inventory is cropping up. How is that equitable substitution?

If it's in a city that has no TS's I think it's an equitable trade. I'd take a hotel room in a nice Hyatt in Boston or NYC in exchange for a 2 bedroom in Orlando.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

If it's in a city that has no TS's I think it's an equitable trade. I'd take a hotel room in a nice Hyatt in Boston or NYC in exchange for a 2 bedroom in Orlando.

I tend to agree. Have a conference in Chicago, where there are NO timeshare options and got a Hyatt Regency for a week at TP=8. Even with charges it is less than 2 nights at the conference site which is a whopping 10 minute walk from the Hyatt.

[bnoble Senior Member Find all posts View Profile Close bnoble]

It also looks from this that they are possibly still putting member exchanges directly into rental pool, never giving people the option to purchase for exchange.

As I recall, this is one of the rights that the settlement granted RCI---any Member deposit that goes into the space bank less than nine months prior to use can be sent directly to the rental pool. Any Member deposit that goes in more than nine months, as I recall, must be held in the exchange pool for at least 30 days. There *might* also be a requirement that any outstanding ongoing searches be matched for sub-9-month deposits, but my memory is pretty hazy on that point. I suspect developer deposits are also exempt, and it would be interesting to know if "club-style" systems that do bulk banking are treated as Member or Developer deposits.

It is, of course, no coincidence that after the nine-month number was negotiated, the "full power" deposit date was changed from one year in advance to nine months in advance.

As always, it remains for us to work within whatever "rules" RCI comes up with to maximize our own benefit---either within RCI or with another exchange company.

[chriskre Super Moderator Find all posts View Profile Close chriskre]

As always, it remains for us to work within whatever "rules" RCI comes up with to maximize our own benefit---either within RCI or with another exchange company.

Amen brother.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

One of the Points Lite changes was directly designed to get them around the restriction in the ''settlement'' (actually a self-serving sell out by the class action lawyers) that would require RCI to offer weeks for exchange before putting them in the rental pool. That provision only applies to weeked deposited over a year out. Other weeks are not restricted, and they can still put them directly into the rental pool, and almost certainly do.

The change they made was intended to encourage people to deposit later, so that the weeks could be put directly in the rental pool if RCI wanted. In the old Weeks program, to maximize trading power, one had to deposit over a year out, which would mean the deposit would have to be offered for exchange. Under Points Lite, maximum trading power is achieved at 10 months out, and at that juncture, RCI is free to put them directly into the rental pool. There is no longer any point in depositing a year out, and for many that just means an earlier prepayment of m/f's so it encourages deposits that will allow them to rent out the week immediately.

Many of the Points Lite changes are related more to RCI's rental operations than to anything that might benefit exchangers.

As I recall, this is one of the rights that the settlement granted RCI---any Member deposit that goes into the space bank less than nine months prior to use can be sent directly to the rental pool. Any Member deposit that goes in more than nine months, as I recall, must be held in the exchange pool for at least 30 days. There *might* also be a requirement that any outstanding ongoing searches be matched for sub-9-month deposits, but my memory is pretty hazy on that point. I suspect developer deposits are also exempt, and it would be interesting to know if "club-style" systems that do bulk banking are treated as Member or Developer deposits.

It is, of course, no coincidence that after the nine-month number was negotiated, the "full power" deposit date was changed from one year in advance to nine months in advance.

As always, it remains for us to work within whatever "rules" RCI comes up with to maximize our own benefit---either within RCI or with another exchange company.

Glad I'm not the only one who is treating TP numbers from RCI as a behavior driver. I also suspect that used as a carrot for the exchanger as well as deposits. ie. It will cost you far less in a lot of instances to get that same unit for summer 2013 as it would summer 2012.

It is in the grand scheme of things the only sense I have been able to apply.

The pity of it is the person that is most geared toward using timeshares, the married couple with young children, is bearing the brunt of this. Holiday weeks come very dear and those with children in school have limited options.