Timeshare Points – Erosion of Timeshare Value

Erosion Of Value Timeshare Points“A nickel ain’t worth a dime any more”

A while back, Smugglers’ Notch converted 40 of its 300 units to Wyndham Points. Wyndham timeshare points have been around for quite a while now. But, for those who are used to owning a set week each year, things are changing.

RCI and others have been converting timeshare weeks to points for years. They convince the week owners that it is much more flexible and useful to have the points so they can use them on a variety of services. Services like discount on airfare, hotels, other timeshares, and so on are what they offer with points instead of a deeded week.

On the surface this sounds like a great deal. But who determines what the points are worth? The exchange company or developer like Wyndham, Starwood, Disney, or II for example?

As you use these points, you end up with scraps of the value of a week of vacation. “You can not get a week for the points you have left.”  That is what you will hear when you try to use your leftover points to book a timeshare.

What are your timeshare points worth today?

What are your timeshare points worth today?

Imagine you are given twenty dollars to buy your gas for a week. How far do you think that will get you when gas goes over four dollars a gallon? And you are still stuck with only twenty dollars a week?

The same with points, you will have to buy more timeshare points over time to keep up with the inflation that is built in to points systems. Plus there is the possibility of impulse buying with your timeshare points:  Spending a small portion of your points to get a small discount, then realizing you don’t have enough points to take a vacation.

I’d say, keep the deeded week if you have a choice. Tell the big guys to keep their points. Typically a timeshare deed will have a week number mentioned somewhere in the text of the deed or sales paperwork. Sometimes the numbered week can actually be a “floating week”. That is to say that you’re not guaranteed that week but you are guaranteed “a” week. The numbering of weeks in timeshare deed is occasionally more for the sake of inventory control than conveying a specific calender week to the timeshare buyer. Either way, keep the week. At least you know it is worth 6 nights!

Just my two cents.

The timeshare resale market of the future.

Timeshare Consumer Advice.

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