Marriott Going to Point Syst

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Original Message:

Re: Marriott Going to Point Syst (by Mark S.):

Earlier this week Marriott International announced that they will spin-off their Timeshare business from the company. Existing Marriott shareholders will receive a proportional shareholders interest in the new, yet to be named timeshare company. This is an obvious sign of the trouble the timeshare business is in and indicates that Marriott management doesn't want the poor performance of its timeshare business to impact the remaining assets which may be in a more rapid recovery scenario. It also allows for the timeshare business to be sold much easier than before. Regarding the new destinations point system, it implies that it was not the savior they might have hoped for. While it has been interesting to discuss the pluses and minuses of the destinations program, the changes that could result from the spin-off could be more significant in the long run.