summer UK - RCI's shortchanging in Points Lite
Values in any honest points system should be based on supply and demand, not arbitrarily assigned numbers. Looking at summer UK versus dime-a-dozen overbuild areas in the US is a good example of how RCI's system does not truly reflect supply and demand.
There are about 100 timeshare resorts in the UK, most of them affiliated or dual affiliated with RCI. Out of all those timeshares, for summer 2013, the five months May through September, there are only 7 (seven) weeks availible, and 6 of those are in May or September. That reflects an extremely strong demand for the existing supply, yet the points lite values range from 19 to 36, with most in the 20s. That suggests underpointing when compared to the overbuilt areas in the US, for which there is an oversupply much of the year.
Another interesting point of comparision is the values given UK weeks, especially summer weeks, between RCI Points and RCI ''Weeks'' (aka Points Lite). Most of the weeks that are woefully underpointed in Points Lite receive much higher relative values in regular Points.
Of course within the UK there are variations in the supply / demand curve. London is probably the hardest exchange to get in the world and never appears online. Scotland and Wales are easier trades than England, and within England, the south, outside Cornwall, is the hardest to find.
Anyone who looks closely at the system and owns a high season or even mid season UK week, should avoid depositing in RCI ''Weeks'' because they will not be given fair value.
Goomba & Super Moderator
I remember way back OY when RCI rolled out the points system. I stated then that I thought the system, if done right, would be a fair method for exchanging---but I also said that RCI would never do it right.
I own 3 prime red summer weeks in England. WHEN I deposit them, I get over the moon trades. I do NOT however deposit them with RCI.
I have two summer UK weeks. Before Points Lite, the ''over the moon trades'' was also true in RCI. I deposited them there, one at a time, as I never kept more than one week in RCI on deposit for fear of the constant ''enhancements''. I also got over the moon trades, and seemed to see about everything out there online as I was seeing summer Paris, Venice, etc. Now with RCI, they will not trade even with things I have traded for myself in the past or for things I used to regularly see online as an even trade. If anything, the supply / demand situation has gotten stronger, but what is obvious online, but RCI has arbitrarily put its thumb on the scales and weakened the trading power. Even London, the hardest exchange to get in timesharing, does not have the numbers it should. At least with the semi-transparency of Points Lite, you can compare the real supply / demand situation with the values assigned and know you are getting screwed.
Originally Posted by mav
Since Points Lite was imposed, I have, like you, deposited my weeks elsewhere. This coming year, I will be using one of them muself at the resort. I deposited one with SFX and got a 2BR in London exchange for it. I deposited another to UKRE and got two credits for it as long as I don't use them in July or August, which is fine since I like April-June and September better anyway. I gave a couple more to DAE and have had to turn down four or five good exchange offers this summer due to uncertainties in my work schedule. I could not have done any of those things with the value RCI now gives my weeks. So, for any informed summer UK owner, it should be ''good-bye RCI''.
Unfortunately, it seems that it's obvious that RCI isn't all that interested in European exchangers.
If I owned in Europe I wouldn't give my unit to RCI either, but it could still be a good thing for Europeans to stay members of RCI so they would have access to RCI's cheap rentals. I've seen lots of cheap rentals in Europe. More units in RCI than I've seen in the alternates.
I could live in Southern Spain all year cheaper than in my home just using last calls in Costa.
Almost as bad as Mouseland but nicer resorts.
Obviously RCI is happy making enough here with all of us mouse loving hillbillies happy to escape to the woods & swamps.
Spain, and particularly the Canary Islands are the overbuilt areas of timeshare in Europe. together with Hungary and Finland.
The Brits are certainly the biggest timeshare owners not only in there own country but in Europe generally, being the majority of timeshare owners in Spain, Portugal, Malta, Greece, and I think Ireland. Many aging timeshare owners in the UK who own in these other places increasingly want to vacation within the UK, and that has impacted the supply / demand curve for UK quite a bit, all across timesharing. DRI has put out statements to their members recognizing the need for more availibility within the UK, for example.
I think one of the big factors in the artificially low Points Lite (TPU) numbers for the UK is the way RCI now panders to developers still in sales. Most UK timeshares are sold out, and in the wacky world of RCI the term ''sold out resort'' has a sinister double meaning. The overbuilt areas in the US still have developers in active sales programs. In RCI Points, there is quite a bit of overpointing of some resorts, but relatively little underpointed. In Points Lite (Weeks), there is a lot more underpointing to go with the overpointing.
Originally Posted by chriskre