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Re: Marriott Going to Point Syst (by Den):

I suspect that many owners enrolled their weeks in the VCP Destinations program as we did. It also appears that few timeshare owners are buying VCP (vacation club points). We also decided to decline purchase of VCP's and the more I find out, the better I feel about this decision.

While the VCP program does provide another use option, the VCP option does not provide fair value for most weeks tendered. For example, a Platinum Newport Coast Villa week renders 3,475 VCP points but from 4,225 to 4,725 points are required to acquire this week. Shrinkage in value ranges from 22 to over 35% for Newport. This may be limited to prime properties such as Newport, Hawaii, etc.

The good news for "week owners" is that existing timeshare owners own weeks that can be used in a number of ways not available to VCP owners (Access to "our" weeks, Interval trades, rentals, etc.). Further, the cost of acquiring our weeks was much less than the cost of points sufficient to acquire equivalent weeks using VCP's. VCP maintenance fees also seem to be higher at 40 cents per point.

I suspect that week owners who really study the VCP Destinations program will be reluctant to buy the VCP's. Some may even buy weeks in the secondary market for properties they really like (and will use) at "huge" discounts.

In summary, I believe week owners win in this deal.