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So since some are talking points....

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  • So since some are talking points....

    RCI had stated in the past that a conversion cost for them is only around $199, but that the resort who chooses to join RCI has the right to charge whatever they want for the conversion.

    I overheard a sales pitch for points at a local resort, and the sales guy told them that the cost was RCI's charge....an outright lie.

    Newbies, folks who are considering converting from weeks to points should be reminded that the conversion fee is NOT $2500 plus .... as some resorts claim.

    That figure above RCI's $199 is gravy for the resort developer/management or ????.... just another way that RCI "convinces" the resort to go for the Points program.

    Many unsuspecting TS owners get an announcement claiming that the resort is responding to owners requests for Points....Gurney's did that several years ago...but I am very familiar with Gurney's, and that claim is hogwash...more than likely, since Gurney's also charged a big conversion fee, it was so the management and resale department could grow their own pocketbooks.

    Be wary, be very wary....if you had been happy and your buddies were happy with your resort and they suddenly "go for the points" deal....ask yourself....who is getting that $$$$ above the $199 RCI fee.

    Also, many times the "new" points resort gets subsidized promo packages, free glitzy mailings all done by RCI, sent to the TSO's to "make the pitch".

    Greed, it's what's fueling the points program, it isn't "demand by owners."
    Life is short, live it with this awareness.

  • #2
    It went up--used to be $ 99 a few years ago.

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    • #3
      In many cases, it is a points conversion broker that is getting the lions share of the money, not RCI or the HOA. These are the guys that do the high pressure conversion pitches. If a developer is still involved with the resort, they are the ones raking in most of the bucks.

      At Barrier Island Station Duck, the financial reports I have seen do not contain any entries for income from Points conversions. It would appear that the developer is raking off all of it. Of course, the HOA there is still developer controlled even though the resort is long sold out, so they would not be looking out for owners and would have no problem with giving the developer all of the money. That is a double shame because with some renovation funds, this resort could attain Gold Crown standards, but the developer would rather put this revenue stream in its own pocket.

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      • #4
        Originally posted by Carolinian
        In many cases, it is a points conversion broker that is getting the lions share of the money, not RCI or the HOA. These are the guys that do the high pressure conversion pitches. If a developer is still involved with the resort, they are the ones raking in most of the bucks.

        At Barrier Island Station Duck, the financial reports I have seen do not contain any entries for income from Points conversions. It would appear that the developer is raking off all of it. Of course, the HOA there is still developer controlled even though the resort is long sold out, so they would not be looking out for owners and would have no problem with giving the developer all of the money. That is a double shame because with some renovation funds, this resort could attain Gold Crown standards, but the developer would rather put this revenue stream in its own pocket.
        Sure seems to show, that greed is the fuel, doesn't it?
        Life is short, live it with this awareness.

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