John E.Geller, Jr. serves as President & Chief Executive Officer for Marriott Vacations Worldwide Corporation and is a member of the company's executive committee.
People Also Ask
A World of Amazing New Opportunities Awaits. Marriott Vacation Club® is part of an expanding family of brands that now includes Sheraton® Vacation Club and Westin® Vacation Club — continuing our commitment of delivering premier vacation experiences worldwide.
Marriott has announced their newest Owner benefit and exchange program that promises unparalleled access to the most sought-after destinations around the globe. The new program will be called Abound by Marriott Vacations, and is set to debut this summer.
Marriott Bonvoy points, which can be earned and redeemed at Marriott hotels, are different from Marriott Vacation Club points. The latter are purchased as part of an annual contract. When you become a Marriott Vacation Club owner, you buy Vacation Club points that you can redeem at different vacation properties.
It may be a shock to learn that timesharing, first invented in the 1960s, is booming. And it's millennials driving its growth, multi-billion dollars in annual sales, and ushering in a new era of timeshare traveling.
Is an interest in the Marriott Vacation Club Destinations Program a deeded real estate interest? Yes. You will own Beneficial Interests in the MVC Trust, a Florida land trust, which is considered a deeded real estate interest, which can be passed from generation to generation during the term of the trust.
Timeshares typically involve the purchase of a specific unit of property. In contrast, vacation clubs usually involve the purchase of points that can be used to book vacations at a variety of locations. Timeshares and vacation clubs can be expensive, and there are often maintenance fees associated with ownership.
Additionally, Vistana and Marriott Vacation Club owners receive Gold Elite status. Marriott Select and Executive Vacation Club owners receive Platinum Elite status, while Presidential and Chairman's Club members receive Titanium Elite status.
For those seeking variety, you have a network of hotels, villas and experiences around the world where you can use your Vacation Club points. If you like to experience different places around the world and don't mind staying connected to one network of properties, then the Marriott Vacation Club is probably worth it.