Started by Happy Days are here again, March 13, 2012, 23:34:56
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Quote from: Carolinian on March 14, 2012, 15:05:54Back when RCI was independent, still owned by founder Chrystal deHaan, it worked closely with its affiliated resorts and was much more member-friendly. In those days, the ownership/exchange model of timesharing worked, in part because of the exclusivity where one had to own in order to participate. Off season weeks were starter weeks for people to get their feet wet, or weeks for those with more flexibility and less income, like retirees, to trade for the last minute inventory when trading power was turned off. Then Cendent (now Wyndham) took over and things changed. Cendent brought in their bean counters to look to push the envelope for short term profits with no concern about the sustainability of the ownership / exchange model of timesharing. They quickly got into renting to the general public, which did a number of negative things. It destroyed exclusivity, most importantly, meaning non-owners could play the timeshare game without having to buy a timeshare week. Second, it flooded the rental market, impairing the ability of timeshare owners to rent out their own weeks, and driving down their rental return when they could. Third, it took inventory out of the exchange pool, making many exchanges harder to get, not only the prime high demand weeks, but also the last minute gems which had kept the off season owners who played the last minute exchanges in the game. All of that pushed more people to want to sell because timesharing was no longer what it had been under deHaan. New twists like RCI Points and ''enhanced Weeks'' (a/k/a Points Lite) found favor with some but further turned off other. Timesharing has been staggered under blows attacking its long term sustainability all because the bean counters at Cendent / Wyndham, owners of RCI, were trying to goose short term profits. II has played copy cat to some degree on a few aspects of this, so they are not totally innocent but it has mainly been RCI driving the train wreck.
Quote from: eneri on March 14, 2012, 17:47:08Although I have never been a member of RCI, from reading about them on this forum and elsewhere it's hard to disagree with anything Carolinian has written. That said, as Morpheus alluded to in his first post, I don't think all the blame can be laid at the door of RCI and exchange companies in general. The developers/resort owners must shoulder their share of the blame. I myself have booked an exchange through II at a Diamond Resort (Sahara Sunset) then found out friends had booked a party in through a travel agency two weeks later, for less than it had cost me. I have also stayed at resorts where I have been offered the chance to book up further holidays for myself or my friends directly with the resort. The numerous agents working on behalf of the major resort owners who offer cheap holidays to anyone, just to get them to sit through the 'ninety minutes??' sales pitch doesn't really help the timeshare image either.Yes, there's something rotten in the timeshare industry but it's not all down to RCI.
Quote from: Willself on March 21, 2012, 09:55:35Carolinian.Sadly not FAST!! enough..But DaE. are Head and Shoulders above the REST!!
Quote from: Kavrocks on May 26, 2012, 14:33:17The other aspect of it is that the exchange companies appear to collude with rogue developers, or at least turn a blind eye to their practices, so that there is little incentive on them to behave.