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Thanks to Slim's link on Blue Bay we can see part of what was going on. At Blue Bay it appears that the resort allowed owners to book as many weeks per year as they wanted - i.e., if it was a 40-yr RTU the resort treated it as 40 weeks of usage, and owners could book as many of those weeks in one year as they wanted. Owners were also allowed unlimited deposits of those weeks into RCI Points.
Abetted and encouraged by the resort, many owners booked and deposited enough weeks into their RCI accounts to generate account balances in the millions, which they were then using for airline tickets, cruises, etc. Of course that would have also created a glut of Blue Bay inventory, which RCI probably could not monetize to cover the costs of the tickets.
So it appears that RCI shut that down. It appears to me to be a loophole that an observant sales manager jumped on. Of course the loophole would get closed, but before it got closed the resort made a pile of money selling the program to pigeo .... er, prospects who forgot to remember that if it's too good to be true, it probably isn't true.
Abetted and encouraged by the resort, many owners booked and deposited enough weeks into their RCI accounts to generate account balances in the millions, which they were then using for airline tickets, cruises, etc. Of course that would have also created a glut of Blue Bay inventory, which RCI probably could not monetize to cover the costs of the tickets.
So it appears that RCI shut that down. It appears to me to be a loophole that an observant sales manager jumped on. Of course the loophole would get closed, but before it got closed the resort made a pile of money selling the program to pigeo .... er, prospects who forgot to remember that if it's too good to be true, it probably isn't true.
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