RedWeek's own new point system!

kathy585 wrote:

What would help me the most would be the ability to make an offer of my unit for trade with one that is listed as provisional. I am not seeing the units I would like to "purchase" with my redweek points and thus am unlikely to deposit the weeks I currently have. I do have high value weeks like San Francisco, Manhattan, and Santa Fe but I want to trade into high value weeks like London and Paris and they are all listed (when listed at all) as provisional. I would be more than happy to do the contacting through Redweek and pay the exchange fee. This would also help, as most of my weeks could be changed for a more convenient date for the potential exchange. I am wondering if this possibility is in the works? It is certainly available when the weeks are listed as rentals - and Redweek only makes the cost of the advertisement for those.

Hi Kathy,

The best thing would be to deposit your week and sign up for new exchange alert emails as they are added to the areas you are interested in. Exchanges are updated every hour on the website and will prompt the email alerts to go out. Remember you have up to three years to use your points.

Thanks, Marty

marty8084 wrote:

kathy585 wrote:

What would help me the most would be the ability to make an offer of my unit for trade with one that is listed as provisional. I am not seeing the units I would like to "purchase" with my redweek points and thus am unlikely to deposit the weeks I currently have. I do have high value weeks like San Francisco, Manhattan, and Santa Fe but I want to trade into high value weeks like London and Paris and they are all listed (when listed at all) as provisional. I would be more than happy to do the contacting through Redweek and pay the exchange fee. This would also help, as most of my weeks could be changed for a more convenient date for the potential exchange. I am wondering if this possibility is in the works? It is certainly available when the weeks are listed as rentals - and Redweek only makes the cost of the advertisement for those.

Hi Kathy,

The best thing would be to deposit your week and sign up for new exchange alert emails as they are added to the areas you are interested in. Exchanges are updated every hour on the website and will prompt the email alerts to go out. Remember you have up to three years to use your points.

Thanks, Marty

I don't think Kathy wants to commit her TS to a deposit until she can get the exchange she wants.

================ Marty, When submitting a Provisional Deposit, can member indicate what resort and week they are looking for (similar to the "Request FIrst" method of II)?

I don't think Kathy wants to commit her TS to a deposit until she can get the exchange she wants.

Hi Mike,

Kathy can sign up to be notified when a provisional week becomes available by selecting the "Notify Me" link next to the provisional listing.

Thanks, Marty

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.

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.

Mike 1536 wrote: "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."

It's nice to see someone recognize that RCI is trying to be equitable and often does a pretty good job. MD