What Are the Differences?
Marriott Vacation Club Destinations is a point based timeshare program from Marriott Vacation Club. The program is a significant departure from Marriott's original floating week concept. The “Destinations Points” program is considered somewhat controversial as it creates two pools of inventory for two different timeshare owner bases. Floating week owners, referred to as “Legacy Week Owners”, have fee simple title to their timeshares still enjoy the 50+ vacation properties developed by Marriott Vacation Club over the last twenty five years with virtually no change in their use features.
With over 425,000 Marriott timeshare owners and 550,000 weeks in the floating week "Legacy" pool, Marriott recognized it needed the owner base to participate in the Marriott Destinations Point program. More importantly, Marriott needed broad-based owner acceptance if the Destinations Points plan was to work efficiently. It was at this point that Marriott Destinations Exchange was created and introduced to the original owners.
During the original introduction of Marriott Vacation Club Destinations, existing Marriott Legacy week owners were provide an opportunity to join Destinations Exchange. In joining and paying a membership fee, Legacy owners that bought directly from Marriott and in the secondary/ resale market would have the additional option to assign their floating week timeshare for Marriott Destination Points. Marriott Legacy owners decide annually if they want to have their week assigned to Marriott Vacation Club Destinations for points. In other words, much like Interval International, owners would make a decision each year to receive points in return for their floating week assignment.
It's significant to note that there exists a subtle but distinctive difference between the two - Marriott Destinations Exchange and Marriott Vacation Club Destinations.
Marriott Vacation Club Destinations is the point based timeshare product where points are assigned from a real estate trust comprising a minimal number of resorts.
Marriott Destinations Exchange is an exchange option like Interval International for floating week owners. Legacy week owners can assign weeks to Marriott Vacation Club Destinations in return for points that may be used for timeshare properties residing in the Destinations Point inventory.
Marriott Destinations Exchange (floating week) owners still own fee simple interests in their specific resort during the their chosen season - and do not have in any ownership interest in the Marriott Vacation Club Destinations program.
Have a question about Marriott Vacation Club Destinations or Marriott Destinations Exchange? Interested in buying, selling, or renting Marriott timeshares. Give us a call today.
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