Cancelling existing rental booking

[Kellea]

Hi Guys,

I rented out my points for 2020 to various American families. I currently have a reservation booked for a family from 6-11 Feb in AKL using 70 vacation points. There are 34 days to go, what happens to the points if I cancel the vacation now? Do they go into holding and what does that mean. Could I resell the booking as an already booked vacation and just modify details? Any advice would be appreciated.

TIA

[2point]

Originally Posted by Kellea

Hi Guys,

I rented out my points for 2020 to various American families. I currently have a reservation booked for a family from 6-11 Feb in AKL using 70 vacation points. There are 34 days to go, what happens to the points if I cancel the vacation now? Do they go into holding and what does that mean. Could I resell the booking as an already booked vacation and just modify details? Any advice would be appreciated.

TIA

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They only go into holding at 31 days.
Holding means you can only use those points for bookings in the next 60 days (I think it also stops them being able to be banked?)

If you cancel now you'll get them back (i'm assuming they expire in May 2022 - extended Riviera points?)

You can resell an exiting booking, just jump on Chat and the CM can change the details in a few minutes.

[Kellea]

Originally Posted by 2point

They only go into holding at 31 days.
Holding means you can only use those points for bookings in the next 60 days (I think it also stops them being able to be banked?)

If you cancel now you'll get them back (i'm assuming they expire in May 2022 - extended Riviera points?)

You can resell an exiting booking, just jump on Chat and the CM can change the details in a few minutes.

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Hi, they're not Riviera points they're points from AKL and yes, my use year is June so they'll expire at the end of may. They may have been my 2021points actually ( I get so confused)!

Do you think if I cancel them now they will be given back to me?

[2point]

Originally Posted by Kellea

Hi, they're not Riviera points they're points from AKL and yes, my use year is June so they'll expire at the end of may. They may have been my 2021points actually ( I get so confused)!

Do you think if I cancel them now they will be given back to me?

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You will get them back, bear in mind availability between now and end of May is pretty low (being only 70 points you should still be able to offload them).

I'd do a quick search and book any weekend nights you can get - much easier to sell on the Facebook group.

[Kellea]

Originally Posted by 2point

You will get them back, bear in mind availability between now and end of May is pretty low (being only 70 points you should still be able to offload them).

I'd do a quick search and book any weekend nights you can get - much easier to sell on the Facebook group.

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I think I might advertise this booking. Its 5 nights in AKL in Feb. See if anyone wants them, if not ill cancel and see if anyone wants the odd day. Thanks x

[amy56]

Did the Americans say why they are cancelling? I read something else yesterday about Americans cancelling DVC bookings due to Covid. Are there more restrictions coming in that are putting people off? High case numbers in Florida worrying them?

I’m only asking as I have two reservations to rent on David’s and after having had two sell straight away, there hasn’t been any interest in the other ones as yet.

[catlady]

Originally Posted by amy56

Did the Americans say why they are cancelling? I read something else yesterday about Americans cancelling DVC bookings due to Covid. Are there more restrictions coming in that are putting people off? High case numbers in Florida worrying them?

I’m only asking as I have two reservations to rent on David’s and after having had two sell straight away, there hasn’t been any interest in the other ones as yet.

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I have just sold a 6 night Poly reservation for end of March. I had a lot of messages but most wanted the points for very low cost $12 or $13! They all said they wanted it cheaper due to masks etc! As not the same experience 😕. I don't know if that's just excuses for a bargain or general feeling?

There are also a lot of cases in Florida at the minute so I guess some are getting put off! There was a 4 night Feb reservation on the FB page for effectively $9 a point at AKL! 😱 crazy price!

[patpluto]

Originally Posted by catlady

I have just sold a 6 night Poly reservation for end of March. I had a lot of messages but most wanted the points for very low cost $12 or $13! They all said they wanted it cheaper due to masks etc! As not the same experience 😕. I don't know if that's just excuses for a bargain or general feeling?

There are also a lot of cases in Florida at the minute so I guess some are getting put off! There was a 4 night Feb reservation on the FB page for effectively $9 a point at AKL! 😱 crazy price!

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i totally agree with you Its feeling a bit like when the pandemic first started and the groups were filled with cheap reservations and points, owners are dropping their price per point to try and sell over somebody else.
i've got points to rent and im dreading it from the lack of studio availability and the time wasters or bargain hunters

[2point]

Originally Posted by catlady

I don't know if that's just excuses for a bargain or general feeling?

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It's excuses.

There are plenty that can afford the rack rate, never mind the half price DVC.

I held firm on all my bookings, during the first lockdown I undersold my points and vowed I'd never do that again.

[Sara_toga]

I just rented two reservations for May@ $20pp. Both sold within an hour.