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Re: RedWeek's own new point system! (by Mike N.):
garya92 wrote:I think the Redweek point system is flawed. My mid-summer Marriott Newport Coast week was given a valuation less than mid-summer Marriott Desert Springs week - who wants to go to the desert in summer? When I asked for an explanation they replied that the economy has turned softer since the Desert Springs property converted to points, and that my lower point value reflects the fact that people are traveling less.That's flawed thinking. If we were converting to dollars, that would make sense. But in the absence of dollars, points should reflect only the relative value based on property quality, location, amenities, local activities, etc, and the relative value between properties is not dependent on the economy. The relative values stays the same, absent major changes in the two properties.
If I want to do an exchange instead of rent I will likely join Interval International for one year.
I agree with your assessment, but unfortunately RedWeek uses economic data (i.e rental figures) as a big part of their point value assessment.
I noticed the same thing with my New England Summer week. Through II, I could've traded my non 5-Star week for a Summer Marriott in Palm Springs. Through the RedWeek program it would've cost me an extra $1000.00
RedWeek valued my Summer week less than a Spring week at a similar New England resort...go figure
In addition, while NEW valuations might be lower because of the economy, the CURRENT points values of units aready deposited remain the same. So in theory you could try to exchange your Marriott for one deposited last year and you may not have enough points.
I've suggested that Redweek use the RCI weeks-to-points grid as a model. While it's not perfect, it's a start and everyone would know their unit values upfront.