The Company Securitized Its Timeshare Receivables To Repay A Credit Facility And More
Reporting its Q2 2020 financial results yesterday, revealed earnings well below analyst predictions, but the company still generated more revenues than expected as it navigated the travel and occupancy impact of COVID-19. While revenues fell year over year by -53.8%, the $480 million generated still surpassed consensus forecasts by nearly $17.6 million, delivering a 3.7% positive surprise.
Earnings per share , on the other hand, missed by a hefty margin. Adjusted EPS, predicted to be a loss of -$1.16 per share, was instead a loss of -$1.76 per share, $0.60 more than estimated.
At the time of this writing, the company is continuing its temporary suspension of stock dividends.
Holiday Inn Vacations Club
While checking on my IHG Rewards Club account, the telephone agent discussed a Holiday Inn Vacations Club timeshare offer. For $199, my family and I would receive a four-day, three-night vacation in our choice of one of 14 destinations. The options included Orlando, Las Vegas, Myrtle Beach, the Great Smoky Mountains and other destinations.
Once we attended the presentation, we would receive the $199 back in cash plus a $100 discount certificate for a future Holiday Inn stay. I love a great deal, so I signed up to attend.
Some offers are a bit pricier, such as the $798 offer some receive to spend 5-nights at the Westin Princeville in Kauai, though that offer does include an Avis car rental. Or, at the Disney Aulani in Hawaii attending the sales presentation scores you two luau tickets .
Do Both Spouses Need To Attend The Presentation
Timeshare purchases are a big commitment, so the salesperson wants to ensure that both spouses are there to sign off on the contract. If one spouse is not there, it is an easy excuse to say that I need to speak with my spouse about this to get out of the potentially high-pressure sales pitch.
Before I got married, many timeshare companies I spoke with would not book an appointment with me. Their sales presentation is designed around families and the memories you create while traveling.
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Is It Worth Your Time
For our family, giving up two hours of our vacation to earn a big discount on travel expenses is a good trade-off. My wife and I have the strength to decline their best offers to buy, no matter how appealing they may sound in the moment. In our experience, when you attend a timeshare presentation with a well-known name, once you say no, they will respect your decision.
Our family enjoyed a great four-day, three-night vacation in the Great Smoky Mountains for a net cost of $0 after attending the timeshare presentation. Plus, we now have a $100 certificate toward a future Holiday Inn hotel stay. Yes, we spent two hours of our time listening to a timeshare presentation, but it was worth it to have a free family vacation.
Have you attended a timeshare presentation to save money on a vacation? Was it worth it for the perks or will you never do it again?
Featured image by Summer Hull / The Points Guy
You Will Need To Plan Your Marriott Vacation Club Timeshare Trips In Advance
To book a vacation at any of the Marriott properties, you cannot be spontaneous. If youre looking to travel to a popular destination in its high season, booking 1-2 years ahead will help you get the Marriott Vacation Club resorts spot you want. Having a young family or an unpredictable schedule might cause trouble when trying to find a vacation time that works for everybody.
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What To Expect Out Of A Timeshare Presentation
Before you attend a timeshare presentation, be aware that they can be VERY aggressive in their tactics! Ive been on the receiving end of a very high-pressure sales pitch and realize how difficult it can be to say no, even when I know its not something I want to sign-up for! The best thing to remember though is that you can always say no, very firmly, but politely.
Also, be aware that attending these timeshare presentations can take several hours out of your day, so youll have to decide if its worth it, especially if youre on vacation!
Las Vegas Timeshare Offer From Marriott Vacation Club
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Bring Your Children Along
We all know how well kids behave when it comes to sitting still for long periods of time . And theres arguably no better excuse to getting out of something than when you have a cranky child to attend to. So bring your kid along to the presentation and make your escape when their patience has run out.
Beachfront Resort In Myrtle Beach Marriott’s Oceanwatch
Find Your Vacation Spot Today. Any of the five hotels in this article will provide a stellar, unforgettable vacation. Whether you want a glamorous urban trip or a seaside adventure, Marriott vacation club resorts have you covered! We hope you enjoyed this article! For more like it, check out our other content today For over 30 years Marriott Vacation Club has been helping our owners make their dream vacations a reality. As a member of the Marriott family of hospitality brands, Marriott Vacation Club has stood for quality, service and an uncompromising commitment to excellence since 1984. Explore a lifetime of affordable and flexible dream vacations. * The world’s most desirable locationsincluding. Marriott Destination Club Points Chart 2021. Owners in the Marriott Vacation Club Destinations program enjoy: Marriott Kauai Beach Club. Privileged access to more than 50 MVC resorts, offering spacious 1-, 2- and 3-bedroom villas with fully equipped kitchens and all the comforts of home in unforgettable destinations Marriott Titanium Elite status is the second-best status offered by the Marriott Bonvoy loyalty program. It offers benefits like complimentary suite upgrades, club lounge access, welcome gift, United Silver Premier status, and 75% bonus points. Tip: Use WalletFlo to help you cut down on your hotel and airline expenses by optimizing your travel.
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Dont Show Any Interest At Any Price
This trick is only good for those who arent easily swayed. But if you can, try not to engage in the pitch. Be firm in your decision and let the salesperson know that the deal doesnt make sense for you and your family.
Just be aware that theyll try to push you on the price. There are reports from some readers that salespeople can sometimes lower the price by as much as 75% less than the initial offer. Again, theyre trying to make the sale. And these are tactics used to make it appear as though youre getting a good deal.
Rest & Relaxation Package
Lay back and rejuvenate in the beautiful White Mountains. Our Rest & Relaxation Package offers breakfast each morning along with a bottle of wine upon your arrival, and a $200 spa services credit per stay. To book this package, please call .
PACKAGE DETAILS:
The Rest & Relaxation Package is based on availability. Taxes and gratuity are not included, and a 20% gratuity is applied to all spa services. This package cannot be combined with any other packages, specials or offers. Blackout dates and other restrictions apply.
The Rest & Relaxation Package includes a breakfast credit each day of $17 for each guest age 13 and older who is registered to the room and $10 for guests between 6 and 12. Children 5 and under dine from the breakfast buffet on our behalf. To view the breakfast menu, visit the Harvest Tavern page.
The package includes one $200 spa credit per stay that is applicable towards spa services only. All spa services require reservations in advance and are subject to availability.
The welcome amenity bottle of wine can be substituted with sparkling cider upon request.
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About Marriott Vacation Club Trial Offer
Explore the best Marriott Vacation Club Trial Offer on a versatile range of categories. We have an organized list of coupons that help you evaluate and select the best. These Marriott Vacation Club Trial Offer allow you to get everything without struggling a lot. You can see a list of deals that will get updated regularly from this brand. You need to just browse the list and pick the coupons of your choice. Marriott Vacation Club Trial Offer help you to keep your budget under control while helping you pick the quality product. There is no need to restrict yourself to the selected range, as the best Marriott Vacation Club Trial Offer are here to offer the hefty discounts for you.
What If I Change My Mind
Unfortunately, once you purchase a preview package, they are generally considered non-refundable. There have been scattered reports of people receiving refunds if they no longer fulfill the eligibility for the package, but as always, your mileage may vary and this should not be the expectation.
Once you purchase the package, there is quite a bit of flexibility when it comes to booking. Although the terms specifically say that the timeshare has to be booked within 12 months of purchase, it is not uncommon for them to extend this deadline. I have done this on a couple of occasions myself, even pre-pandemic.
Once you book your package, you can still change the dates, although some programs will charge a change fee. Now with the pandemic, there is even more leniency , although this may tighten up a bit as travel opens up.
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How Do I Book A Timeshare Presentation
Now that you might be considering one, lets go over how you find these offers and sign up for them.
The easiest way is through each respective clubs website. Usually, there is a phone number or online form to complete for additional information.
Hyatt even allows you to book the package online yourself if you reside in the USA.
Tower Spa Midweek Getaway
Treat yourself to a midweek getaway and save 20% on accommodations and 20% on all services in the Tower Spa. This package also includes a daily breakfast credit for each guest. Some blackout dates and additional terms apply. Click the link below for complete package details or to book online. Phone reservations can be made by calling .
Package Details:
The Tower Spa Midweek Getaway package is only available midweek . The 20% discount is only applicable towards spa services. Retails sales in the Tower Spa Boutique are not included in this offer.
This package includes a daily breakfast credit of $17 per day for each guest age 13 and older who is registered to the room and $10 for guests between 6 and 12. Children 5 and under dine from the breakfast buffet on our behalf. To view the breakfast menu, visit the Harvest Tavern page.
This package is based on availability and is only available for new reservations. Blackout dates/periods may apply. Taxes and gratuity are not included. Additionally, this promotion cannot be combined with any other package, special or offer.
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How To Get Free Vacations With Timeshare Presentations
A few weeks ago, Ricky wrote a post on some of the most popular, yet difficult, destinations to visit on points.
One of those destinations was Hawaii. If youre hoping to stick with the Marriott and Hilton hotel chains that many of us typically stay at, the cost can be more than US$400 a night for a family of four.
Take a look at some of the outrageous nightly rates for Marriott in Maui during next years March Break:
Sure, points can help offset the cost, and you may even get a really good redemption value for them but that means it will cost you a lot of points.
What if I told you theres a way to save those points and snag an awesome deal on your accommodation? Well, there is welcome to the world of timeshare presentation packages.
Top Timeshare Properties For Families
Here are a few examples of popular family-friendly timeshares, many of which are bookable on traditional hotel points. Elite members might receive an upgrade to a larger room when making a hotel reservation. And, another bonus of booking a timeshare-stye property usually ensures that youll get a one-, two- or even three-bedroom unit that will easily fit your family .
- Westin Princeville Ocean Villas: The North Shore of Kauai is light on points hotels, but the Westin Princeville is an option on hotel points or for timeshare owners. Standard rooms are 60,000 Marriott Bonvoy points per night and paid rates start at about $300+ per night. Larger suites are bookable for higher prices. Guests here get to enjoy the nearby beach at the Princeville Resort that is the perfect place to watch Hawaiian sunsets.
*For both Marriott and Hilton, loyalty members can redeem points and receive the fifth night free to increase their savings.
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White Mountain Winter Promotion
There is no better time to plan your winter vacation to the White Mountains. From now through April, 2021, selected midweek accommodations are up to 30% off and weekend accommodations are 15% off! This offer also includes a daily breakfast credit for each guest. Some blackout dates and additional terms apply. To book this package, please call .
Package Details:
The White Mountain Winter Promotion offers up to 30% off midweek accommodations , and up to 15% off weekend and selected holiday period accommodations . This promotion is based on availability and is only available for new reservations. Blackout dates may apply. Taxes and gratuity are not included. Additionally, this promotion cannot be combined with any other package, special or offer.
This package includes a daily breakfast credit of $17 per day for each guest age 13 and older who is registered to the room and $10 for guests between 6 and 12. Children 5 and under dine from the breakfast buffet on our behalf. To view the breakfast menu, visit the Harvest Tavern page.
Historic Hotels Of America Member Rate
Includes a 10% discount off our best available rate. Your Historic Hotels of America membership card must be presented upon check-in. Click the link below for complete package details. Phone reservations can be made by calling .
PACKAGE DETAILS:
The HHA Rate is subject to availability and cannot be combined with other specials or packages. This rate is only available to valid HHA Members. You must present your membership card upon check-in to receive this rate. If guest does not present membership card, they will be charged Best Available Rate.
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How To Get Invited To A Timeshare Presentation
Many of the major hotel chains, like Hyatt, Hilton, and IHG, offer some sort of timeshare brand. If youve ever stayed at these hotels, you could be targeted either by phone or mail. Being a member of the hotels loyalty program could also get you targeted at some point.
If you end up staying at one of their timeshare brands on a trip, you may also see some promotional materials around the hotel, so keep your eyes open! For instance, team member Meghan took advantage of this on a trip to Arizona. When she was checking in at the Hyatt Residence Club Sedona, Pinon Pointe, she saw a sign in the lobby that mentioned something about a $100 gift card in exchange for attending a timeshare presentation!
The most direct way of getting an invitation though is to simply call the general number of the hotel chain youre interested in, and asking about timeshare ownership. Theyll transfer you to the right department at which point you can ask if they have any presentations available in your area, or if there are any promotions you might be eligible for.
Deals Of The Day Vacations By Marriot
I am a proud Platinum Premier Marriott Rewards and have stayed over 4000 nights in Marriott Hotels around the world. In having that experience I purchased multiple weeks with the Marriott Vacation Club. On my last vacation to Ko Olina my wife and I were hoodwinked into purchasing the new Point Program Dear Mr Marriott: We are the proud owners of 10 Marriott Vacation Weeks and have been Marriott customers for many years prior to our MVCI purchases begining in 1999.We were staying at the Kauai Waihoai in June when the new program was being launched and in fact attended a Kauai Lagoons presentation on June 16th which was the last day of the old world Marriott’s Grande Vista: Modern and upscale Marriott Vacation Club – See 4,988 traveller reviews, 3,101 candid photos, and great deals for Marriott’s Grande Vista at Tripadvisor Marriott’s Crystal Shores. 600 South Collier Boulevard, Marco Island, FL 34145, United States. +1 239 393 6800. 9.1. Excellent. based on 38 reviews. Marriott’s Crystal Shores. About Read reviews and complaints about Westin Vacation Club, including their destinations, collection of villa resorts and more. 2020 and basically got kicked out as the virus started to invade.
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