All HGV Club Owners Will Receive A 60% Increase in Points On February 24
Big changes are coming to the Hilton Grand Vacations Club following the announcement of their purchase of Diamond Resorts earlier in 2021. Since Hilton’s acquisition of Diamond, owners are expected to see changes to their resort selections and even points. Hilton announced on February 3rd to all owners that they will see an increase of 60% of their points on February 24th. So, what should you expect with this Hilton point increase? Let’s discuss!
Table Of Contents
Hilton Grand Vacations Points Adjustments for Club Members
Why Are Hilton Points Increasing?
Will the Points Increases Affect Club Members' Reservations or Ownership?
Hilton Grand Vacations Points Adjustments for Club Members
Not only will Hilton be changing the number of points allotted to Club Members, but the number of points required to make reservations will also be increasing. The process of making reservations using points will stay the same. Here are some key points to keep in mind with the latest changes.
All ClubPoints, Bonus Points, and Saved Points allotted to Club Members will increase by 60%. For every point, the increase will show 1.6 points. If you currently own 5,000 ClubPoints, the increase will reflect 8,000 ClubPoints on February 24th.
Points required to make reservations will also increase by 60% to adjust for the merger with Diamond Resorts.
If you are also a member of RCI and have deposited points, they will also be adjusted on February 24th.
Hilton Honors points, ClubPartner Perks, and maintenance fees will also be proportionally adjusted.
Why Are Hilton Points Increasing?
The goal of Hilton adjusting all owner’s points is to create a consistent, simplified points scale across all programs following the acquisition of Diamond Resorts. Owners will be able to continue using their membership in the same way and access rights will remain the same.
Hilton, who bought Diamond Resorts, conducted an analysis and found that adjusting points will help create a consistent and simplified points scale. This will also help simplify all transactions and set the groundwork for future membership offerings. Hilton buying Diamond Resorts means that owners at both clubs will eventually have the chance to book vacations at dozens of new resorts.
Will the Points Increases Affect Club Members’ Reservations or Ownership?
Hilton Grand Vacations has confirmed that besides ClubMembers points allotments increasing, nothing else will really change. All vacation ownership and access rights will remain the same. Additionally, owners’ Home Resorts, unit types, and seasons will also not change.
The change to point allotments is coming on February 24th, 2022. All ClubPoints, Bonus Points, and Saved Points will increase by 60%. The number of points required to make reservations will also increase by 60%, which will essentially give you the same access to make reservations as always.
There is no cost to owners for the changes coming.
What About Hilton Honors?
Future Hilton Honors conversion ratios will change proportionally to the 60% increase. Currently, HGVC members may convert next year’s ClubPoints allotment at a ratio of one ClubPoint per 25 Hilton Honors Points (a 1:25 ratio). Upon the points increase, the Hilton Honors conversion ratio will change to 1 ClubPoint per 16 Hilton Honors points (a 1:16 ratio). Keep in mind, though, that previously converted Hilton Honors points will not increase or be adjusted.
Hilton Honors Conversion Ratios
Before Adjustment
After Adjustment
Conversion for immediate Hilton Honors Reservations
1 ClubPoint = 20 Honors Points
1 ClubPoint = 13 Honors Points
Hilton Honors Conversion ratio for following-year use
1 ClubPoint = 25 Honors Points
1 ClubPoint = 16 Honors Points
Hilton Honors Conversion Ratio for Following-Year Use (Hilton Club Only)
1 ClubPoint = 50 Honors Points
1 ClubPoint = 32 Honors Points
Elite Tiers of Membership Impact
Qualifying points for each tier of Elite membership with Hilton Grand Vacations Club will also increase by 60%. The new increase will not boost you up to a higher Elite status. Essentially, Elite Members will maintain the same tier.
Membership Tier
Before Adjustment
After Adjustment
Standard
0 to 13,999 ClubPoints
0 to 22,399 ClubPoints
Elite
14,000 to 23,999 ClubPoints
22,400 to 38,399 ClubPoints
Elite Plus
24,000 to 33,999 ClubPoints
38,400 to 54,399 ClubPoints
Elite Premier
34,000 ClubPoints and up
54,400 ClubPoints and up
Will the Cost of HGVC Be Affected?
The cost of Hilton Grand Vacations Club maintenance fees and points will not be affected by the increase of ClubMembers point allotments. There is no cost to owners with this change and it is solely related to HGVC membership. It is not related to the maintenance fees assessed by your association.
The Future of HGV Club Membership
Hilton Grand Vacations Club is known for having some of the best timeshare resorts for families. As things change, they will continue to value customer experiences at the heart of the brand. HGV’s acquisition of Diamond Resorts will bring new resort options to members, and a new program is expected to launch in 2022. This initial adjustment will allow for a more consistent and even Points scale that can be shared across all programs. However, it does not allow booking across Diamond Resorts and Hilton Grand Vacations platforms at this time. As Hilton announces more information that is sure to come, check back here for updates!
Your Points have increased by 60%. On February 24, 2022, Hilton Grand Vacations
Hilton Grand Vacations
Hilton Grand Vacations Inc. is a multi-national company that is based in Orlando, Florida, United States. It manages and operates the Hilton Worldwide timeshare and vacation ownership brands under an exclusive licensing agreement with Hilton Worldwide.
https://en.wikipedia.org › wiki › Hilton_Grand_Vacations
adjusted the number of Points allocated to a Club Member's vacation ownership interest and the number of Points required to make a reservation. This is part of our ongoing efforts to integrate Diamond Resorts
Diamond Resorts
Diamond Resorts is a wholly owned subsidiary of Hilton Grand Vacations. Diamond Resorts was an independent timeshare and vacation ownership company until it was purchased by HGV in 2021.
For the time being, nothing changes — you will continue to make reservations as you do now, and your Club membership remains with HGV. For details about your Club membership, including reservation windows and Points values, read the Club Reference 2021: Rules and Fees guide here.
In August 2021 Hilton Grand Vacations (HGV) announced a $1.4 Billion takeover of Diamond Resorts, incorporating 92 Diamond Resorts and 380,000 Diamond owners. Hilton now ranks as the second largest timeshare company worldwide, with a total of 154 resorts and 725,000 members.
So, is joining HGV Max worth it for current owners? Well, if you want to expand your options for resorts and want access to all of the exclusive benefits, then maybe the answer is yes. If you're willing to pay to get those extras and want to enhance your current ownership, upgrading to HGV Max might be right for you.
ALISO VIEJO, Calif., April 19, 2023 /PRNewswire/ -- Timeshare Compliance, the nation's leading timeshare exit company and industry watchdog won a major victory for nearly 800 victimized timeshare owners as a U.S. District Court judge ruled a lawsuit against Hilton's (NYSE: HLT) timeshare giant Diamond Resorts will go ...
You can try negotiating with Diamond Resorts directly, and they do have a program to cancel timeshares called Transitions. But it's entirely up to them whether to let you cancel, and you can't use your timeshare while you're on the list.
Diamond Resorts' likelihood of distress is above 80% at the present time. It has very high risk of going through financial hardship in the upcoming years. Chance Of Bankruptcy shows the probability of financial distress over the next two years of operations under current economic and market conditions.
Nov 6 (Reuters) - Vacation property operator Hilton Grand Vacations (HGV. N) , opens new tab said on Monday it would buy peer Bluegreen Vacations (BVH. N) , opens new tab in a $1.5 billion deal including debt, to attract younger customers for its timeshare properties and expand offerings.
In 2023 alone, it added 1,000 hotels, up 45% from the year prior, to its pipeline while also adding two new brands (Spark by Hilton and LivSmart Studios by Hilton) to its portfolio.
Timeshare with Hilton Grand Vacations entitles you to all the benefits of owning a vacation home without the responsibilities of traditional home ownership. But it's also way more than that. Find out how our unique program works and what it costs, and how to start your vacation ownership journey.
While you're waiting for the next stay at your Home Resort, we're busy making sure it's always upgraded and well-maintained. By using Bonus Points to pay your annual maintenance fees, you'll have extra money to invest in your next vacation.
Some owners may have friends or family willing to take it, or you can try social media or traditional marketing means such as newspaper or radio advertising and even talking to your resort. Because Diamond doesn't buy back, the resort will be of little help.
In August 2020, timeshare owners filed a class action lawsuit accusing the company of deceiving customers. The complaint was about benefits and subjecting them to aggressive marketing tactics in order to sell worthless points. This lawsuit followed a similar class action filed against Wyndham in February 2020.
Calling Hilton directly is the first step to getting out of your Hilton timeshare. Fortunately, they may have in-house exit solutions to help you with selling your HGVC timeshare. Many timeshare developers understand the importance of helping their owners find an honest way out of their ownership.
Introduction: My name is Terence Hammes MD, I am a inexpensive, energetic, jolly, faithful, cheerful, proud, rich person who loves writing and wants to share my knowledge and understanding with you.
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