December 10, 2010 — I was going to say “screwing” the Canucks but before we get to our allies in trade, peace, love, war and borders, etc. IMHO I think RCI has been and continues to put the screws to a whole lot of people without so much as batting the proverbial eye. Allow me to very briefly explain.
To begin, going back 30 + years RCI has had a worldwide army of sales reps sitting at little round tables and while selling the attributes of timeshare ownership and enrolling new owners (daily) into their home resort system these reps also sign up the new owners into the RCI (and II) exchange system.
Which sounds fine, but over those years RCI has never, to the best of my knowledge, paid one dime to one sales rep for securing them dues paying ‘members’ who in turn spend thousands and thousands of dollars (each) over the course of their membership on a host of travel related products such as cruises, airfare, car rentals and so forth…
The next group getting the screws, IMHO, are their members as well. As of November 2010 it seems that a one week RCI exchange is costing RCI members about $194.00 (Domestic or International) or $26-$28 PER NIGHT. And if you add in the RCI “subscription” rate (1-10 years), etc. the nightly ‘exchange’ fee for that pillow is costing members somewhere between $12.71 and $95.57 per night more– or about $256 ‘just’ to make a one week reservation…
And as for our brothers and sisters up in Canada, it seems that RCI isn’t paying any attention to the real world currency exchange rates because if you visit Bloomberg, XE or the OANDA online exchange services it appears that the Canucks are biting the ‘big-one’ and may be seriously over-charged when buying or paying fees for any/all RCI products, services, etc.
Which then makes me wonder, since RCI has members all over the world using all sorts of different currencies are those members, too, over-paying in their ‘home’ currency?
I’ll leave it all up to readers to decide but as far as what it costs any RCI member to just make what amounts to a computerized reservation (exchange), it seems a tad on the ‘high’ side to my way of thinking.
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