I have such passion for this idea because I dislike liars, crooks and companies that operate on deception. Many lives have been affected by this fraud. I have seen first hand the damage and pain timeshare companies afflict on there employees, owners and their families.
Target 0$ ---timeshare and vacation club scams are going to finally be wiped out with just a little assistance from COVID-19. Hilton Grand Vacations is already losing 25% year after year without any help. Why do you think that is? Because people are becoming more informed and educated to the greed, lies, scams, and high pressure sales that timeshare companies use to survive and thrive off of.
Hopefully relief is on the way for owners who have now realized they were roped in on false promises, only to see outrageous maintenance fees that go up every year. Those same owners are also seeing their ability to actually use the properties they were promised diminish.
I cant post links but you can do a quick google search on HGV complaints or customer reviews.
One of the biggest issues in this fraud is the most desirable locations and times to travel are booked for years in advance or reserved for only the highest paying HGV owners. It is also important to understand that once you buy into HGV there is no way out of the increasing yearly fees and the deed. No exceptions to that rule at all. This includes unforeseen medical issues and life events that are out of the owners control. They will get no mercy from this FRAUD. Owners are trapped forever in this hardship and legally liable to pay these costs.
There is a reason Hilton Worldwide wanted to split and wash their hands completely of Hilton Grand Vacations. Vacation ownership is a shady unethical fraud. Customers calling in to complain get famous lines such as,"Oh sir, I'm sorry you were cheated and lied to from Hilton Grand Vacations. I can assure you that Hilton Worldwide and Hilton Grand Vacations are two totally separate entities." At the same time HGV is using the legitimacy of the Hilton brand to add as much credibility as possible to there ongoing fraud.
In detail I will unravel and show you how this chain of fraud works and why my target is 0.
To really get excited about this short opportunity you will need to understand the totality of how this system works. I will explain in great detail how this company operates and why this may be the perfect storm to finally rid the world of this evil.
HGV profits from the sale and financing of timeshare units, vacation club points, whatever you prefer but its all the same. That process starts when you call in to book or inquire about booking a reservation at any Hilton hotel or Hilton affiliated property. Once your call is complete you will be asked by your reservation specialist one of many possible questions that are always evolving and changing to increase deception. Some examples of these include the following.
"Would you would like to transfer for a $200 free night?"
"Would like to hear about a discounted getaway?"
"Would you like to see if you qualify for a complementary stay?"
This is where there target marketing starts.
After agreeing to stay on the line and listen to your offers, you are sent into a HGV boiler room. HGV boiler rooms and other timeshare call centers have terrible working conditions, low pay, and extremely high pressure and stress, these conditions are met with employees who desperately need jobs and have little opportunity elsewhere. If you are a high quality lead you will be sent to the most seasoned/desperate HGV agent. The high pressure starts here because these employees have to constantly push the line and get sales at any cost or they will be fired. You may be wondering what would make yourself a high quality or a low quality lead? This is where their marketing comes into play. Hilton uses several factors to determine what offer you are eligible for. This includes but not limited to, average income of your zip code, the cost of the property you just booked, and how much you stay with Hilton. All of these things are considered when deciding what type of getaway and gifting you will qualify for.
Here is an example, if you are from Arkansas, Alabama, Mississippi, Wyoming, Kentucky, Michigan, Missouri or "middle class" America and call in for a Hilton reservation you will be considered least likely to be a potential buyer. You will be sent over by lies and a promise of a $200 free night. Once you are on the phone with a vacation sales associate you will be offered only 1 to 3 locations. These locations are called the "BIG 3" Orlando, Las Vegas, and Myrtle Beach. Those are the locations with the most properties and the cheapest to contract out. These locations are also what HGV considers to be the most effective when it comes to selling to the middle class.
Now lets say you are from a zip code that would be considered wealthy or your a higher ranking honors member. You will be considered most likely to buy and most likely to buy big. In this case you will transferred over softly and honestly. You will have a whole list of locations Hawaii, New York, Carlsbad California, Washington DC, Hilton Head Island, you get the cruise option the choice of a separate Royal Caribbean cruise certificate in addition to your getaway. All of your choices will be better priced with better gifts.
To utilize the above information and to make all of this possible, HGV uses a very powerful program called an interaction scripter. This software creates different marketing campaigns that handle the transfers and automatically populate different scripts for the agents based on what you qualify for. type interaction scripter or what is into google.
Lets say you agree to purchase this getaway and finally able to schedule it. This is where the real high pressure and deceptive sales tactics come to light. You arrive at your destination with your family and are met by a "vacation specialist". Once again you are about to be targeted. The customers touring the property that are deemed most likely to purchase or most vulnerable to high pressure sales tactics will be paired with the best "Vacation Specialist". Also known as a front line timeshare salesman(another deplorable job with a high stress atmosphere where anything goes and everything is expected to get the sale and keep your job.
By the time you are finished with the experience, you will have also met the closer, the survey guy who is a super closer in disguise lol. All of these people you have came in contact with have been trained to recognize your weaknesses and will do or say anything for a yes.
Now you can see how from that very first call you made to Hilton reservations you have been marketed in a way that will statistically give HGV the best chance to get the sale. HGV from top to bottom is full of deception and lies.
Now that you know how the process works and just how finely tuned there path to profit is, lets talk about how HGV could possibly be down 25% in 2019. How is it possible 2019 was a year that people traveled more than ever, while the economy was at all time highs? Something is not right here so lets take a look. Link below
go to investors.hgv
Some of the key highlights
•Total revenues for the fourth quarter were $468million compared to $642 million for the same period in 2018.
•Tours were up 5.2% compared to 2018.
•Contract sales in the fourth quarter were $365 million, an increase of 1.4% from the same period in 2018.
•Net Owner Growth (NOG) for the 12 months ended Dec. 31, 2019,was 5.5%.
Impressive other than the 25% total revenue loss. The deception, the lies, I guess the best way to put it is there own timeshare sales lingo Avoiding the truth. Always dance around the truth. This is HGV at every level and what they teach! It is a lot easier to slide a 25% deferral loss by investors when you avoid the truth and focus on tours, contract sales, and net owner growth.
The truth is this scam system now has more people either refusing or unable to pay there payments/maintenance fees than it does people buying in. not by a little by ALOT. Since any credit score is accepted and most buyers regret purchase once they realize they have been cheated. Its not hard to imagine. I hope You can see the storm brewing.
The word is getting out, owners are desperately trying to get out of there always rising worthless timeshare so much so that Timeshare Liquidation or the promise of getting people out of their timeshares have sparked a whole new market to con people.
States and attorney generals are warning people and taking action against both timeshares and timeshare liquidation fraud.
again just run a quick google search and you will see
Now for the meat and potatoes of this idea. why this finally goes to 0.
The summer of 2019 HGV would see anywhere between 15,000 and 20,000+ transfers daily depending on the day of the week. This massive and ever increasing workload is split between three understaffed call centers. Located in Florida, Las Vegas and Missouri, these call centers take transfers 24 hours a day 7 days a week to try and keep up with the weight of this fraud. Credible companies in other fields that have call centers have taken big steps to evaluate and improve mental health in a call center setting.
HGV doubles down with longer hours, more work and higher pressure as HGV continues to see sales and profits diminish. Stress, pressure, low pay, long hours of repetitive calls. Combined with a workforce that is already desperate and susceptible to substance abuse, it's no wonder drug abuse, overdoses, suicides, extreme depression are rising at an alarming rate in these timeshare boiler rooms. Its a really sad what these employees go through. Out of the 15-20k transfers these employees take on the average day between 5-9% of take advantage of a package. I do not know for sure what percent of those tours actually buy property but my guess is less than 2%. I do know packages that are sold with a Royal Caribbean cruise certificate as well as packages to Hawaii have the highest % of actual vacation ownership sales. Both highly effected by covid-19.
Now lets take away the massive flow of leads these call centers must take to keep this scam afloat, even a month or two of shut down may be too much for a fraud that is already losing money. 20k+ transfers a day were needed to lose 25%, I wonder what a bunch of 0s for months on end will do?
The final blow .
Most reports are now calling for 18 months before we can expect anything that resembles normal travel.Vacationing won't see 2019 numbers for quite some time. With no money from sales the only thing left is the maintenance fees these existing owners are obligated to pay. This has been pointed out by the CEO of HGV.
"While the level of disruption to the travel industry is unprecedented, we remain confident in our ability to manage through this difficult period. Approximately 40% of 2019 segment EBITDA was derived from recurring fees in our Finance and Club & Resort segments. Through the end of March, we have collected approximately 90% of our member fees for fiscal 2020, which fund all of the operational costs of our resorts".
This will be where owners finally get the relief they have desperately been asking for and a way out. Turns out a property that you have no access to is not your property at all. There is no way owners will be required to pay maintenance fees with no access to their properties. With HGV and others finally in a full choke hold RCI and timeshare fraud will be over. Properties will go back to the Hilton worldwide and other hotel chains.Owners will be compensated with standard stays or by other means and timeshare will never exist again.
This may be a stubborn and slow ride to 0. Im guessing a lot of HGV investors are the small % of happy owners who trust this company and have been convinced of there lies from day 1. Hopefully this idea will get peoples attention and maybe save a few people before there once again holding a worthless bag.
this is all just for fun and not investment advice I love to see it happen for everyone that has been treated unfairly by this company.
Target 0$ ---timeshare and vacation club scams are going to finally be wiped out with just a little assistance from COVID-19. Hilton Grand Vacations is already losing 25% year after year without any help. Why do you think that is? Because people are becoming more informed and educated to the greed, lies, scams, and high pressure sales that timeshare companies use to survive and thrive off of.
Hopefully relief is on the way for owners who have now realized they were roped in on false promises, only to see outrageous maintenance fees that go up every year. Those same owners are also seeing their ability to actually use the properties they were promised diminish.
I cant post links but you can do a quick google search on HGV complaints or customer reviews.
One of the biggest issues in this fraud is the most desirable locations and times to travel are booked for years in advance or reserved for only the highest paying HGV owners. It is also important to understand that once you buy into HGV there is no way out of the increasing yearly fees and the deed. No exceptions to that rule at all. This includes unforeseen medical issues and life events that are out of the owners control. They will get no mercy from this FRAUD. Owners are trapped forever in this hardship and legally liable to pay these costs.
There is a reason Hilton Worldwide wanted to split and wash their hands completely of Hilton Grand Vacations. Vacation ownership is a shady unethical fraud. Customers calling in to complain get famous lines such as,"Oh sir, I'm sorry you were cheated and lied to from Hilton Grand Vacations. I can assure you that Hilton Worldwide and Hilton Grand Vacations are two totally separate entities." At the same time HGV is using the legitimacy of the Hilton brand to add as much credibility as possible to there ongoing fraud.
In detail I will unravel and show you how this chain of fraud works and why my target is 0.
To really get excited about this short opportunity you will need to understand the totality of how this system works. I will explain in great detail how this company operates and why this may be the perfect storm to finally rid the world of this evil.
HGV profits from the sale and financing of timeshare units, vacation club points, whatever you prefer but its all the same. That process starts when you call in to book or inquire about booking a reservation at any Hilton hotel or Hilton affiliated property. Once your call is complete you will be asked by your reservation specialist one of many possible questions that are always evolving and changing to increase deception. Some examples of these include the following.
"Would you would like to transfer for a $200 free night?"
"Would like to hear about a discounted getaway?"
"Would you like to see if you qualify for a complementary stay?"
This is where there target marketing starts.
After agreeing to stay on the line and listen to your offers, you are sent into a HGV boiler room. HGV boiler rooms and other timeshare call centers have terrible working conditions, low pay, and extremely high pressure and stress, these conditions are met with employees who desperately need jobs and have little opportunity elsewhere. If you are a high quality lead you will be sent to the most seasoned/desperate HGV agent. The high pressure starts here because these employees have to constantly push the line and get sales at any cost or they will be fired. You may be wondering what would make yourself a high quality or a low quality lead? This is where their marketing comes into play. Hilton uses several factors to determine what offer you are eligible for. This includes but not limited to, average income of your zip code, the cost of the property you just booked, and how much you stay with Hilton. All of these things are considered when deciding what type of getaway and gifting you will qualify for.
Here is an example, if you are from Arkansas, Alabama, Mississippi, Wyoming, Kentucky, Michigan, Missouri or "middle class" America and call in for a Hilton reservation you will be considered least likely to be a potential buyer. You will be sent over by lies and a promise of a $200 free night. Once you are on the phone with a vacation sales associate you will be offered only 1 to 3 locations. These locations are called the "BIG 3" Orlando, Las Vegas, and Myrtle Beach. Those are the locations with the most properties and the cheapest to contract out. These locations are also what HGV considers to be the most effective when it comes to selling to the middle class.
Now lets say you are from a zip code that would be considered wealthy or your a higher ranking honors member. You will be considered most likely to buy and most likely to buy big. In this case you will transferred over softly and honestly. You will have a whole list of locations Hawaii, New York, Carlsbad California, Washington DC, Hilton Head Island, you get the cruise option the choice of a separate Royal Caribbean cruise certificate in addition to your getaway. All of your choices will be better priced with better gifts.
To utilize the above information and to make all of this possible, HGV uses a very powerful program called an interaction scripter. This software creates different marketing campaigns that handle the transfers and automatically populate different scripts for the agents based on what you qualify for. type interaction scripter or what is into google.
Lets say you agree to purchase this getaway and finally able to schedule it. This is where the real high pressure and deceptive sales tactics come to light. You arrive at your destination with your family and are met by a "vacation specialist". Once again you are about to be targeted. The customers touring the property that are deemed most likely to purchase or most vulnerable to high pressure sales tactics will be paired with the best "Vacation Specialist". Also known as a front line timeshare salesman(another deplorable job with a high stress atmosphere where anything goes and everything is expected to get the sale and keep your job.
By the time you are finished with the experience, you will have also met the closer, the survey guy who is a super closer in disguise lol. All of these people you have came in contact with have been trained to recognize your weaknesses and will do or say anything for a yes.
Now you can see how from that very first call you made to Hilton reservations you have been marketed in a way that will statistically give HGV the best chance to get the sale. HGV from top to bottom is full of deception and lies.
Now that you know how the process works and just how finely tuned there path to profit is, lets talk about how HGV could possibly be down 25% in 2019. How is it possible 2019 was a year that people traveled more than ever, while the economy was at all time highs? Something is not right here so lets take a look. Link below
go to investors.hgv
Some of the key highlights
•Total revenues for the fourth quarter were $468million compared to $642 million for the same period in 2018.
•Tours were up 5.2% compared to 2018.
•Contract sales in the fourth quarter were $365 million, an increase of 1.4% from the same period in 2018.
•Net Owner Growth (NOG) for the 12 months ended Dec. 31, 2019,was 5.5%.
Impressive other than the 25% total revenue loss. The deception, the lies, I guess the best way to put it is there own timeshare sales lingo Avoiding the truth. Always dance around the truth. This is HGV at every level and what they teach! It is a lot easier to slide a 25% deferral loss by investors when you avoid the truth and focus on tours, contract sales, and net owner growth.
The truth is this scam system now has more people either refusing or unable to pay there payments/maintenance fees than it does people buying in. not by a little by ALOT. Since any credit score is accepted and most buyers regret purchase once they realize they have been cheated. Its not hard to imagine. I hope You can see the storm brewing.
The word is getting out, owners are desperately trying to get out of there always rising worthless timeshare so much so that Timeshare Liquidation or the promise of getting people out of their timeshares have sparked a whole new market to con people.
States and attorney generals are warning people and taking action against both timeshares and timeshare liquidation fraud.
again just run a quick google search and you will see
Now for the meat and potatoes of this idea. why this finally goes to 0.
The summer of 2019 HGV would see anywhere between 15,000 and 20,000+ transfers daily depending on the day of the week. This massive and ever increasing workload is split between three understaffed call centers. Located in Florida, Las Vegas and Missouri, these call centers take transfers 24 hours a day 7 days a week to try and keep up with the weight of this fraud. Credible companies in other fields that have call centers have taken big steps to evaluate and improve mental health in a call center setting.
HGV doubles down with longer hours, more work and higher pressure as HGV continues to see sales and profits diminish. Stress, pressure, low pay, long hours of repetitive calls. Combined with a workforce that is already desperate and susceptible to substance abuse, it's no wonder drug abuse, overdoses, suicides, extreme depression are rising at an alarming rate in these timeshare boiler rooms. Its a really sad what these employees go through. Out of the 15-20k transfers these employees take on the average day between 5-9% of take advantage of a package. I do not know for sure what percent of those tours actually buy property but my guess is less than 2%. I do know packages that are sold with a Royal Caribbean cruise certificate as well as packages to Hawaii have the highest % of actual vacation ownership sales. Both highly effected by covid-19.
Now lets take away the massive flow of leads these call centers must take to keep this scam afloat, even a month or two of shut down may be too much for a fraud that is already losing money. 20k+ transfers a day were needed to lose 25%, I wonder what a bunch of 0s for months on end will do?
The final blow .
Most reports are now calling for 18 months before we can expect anything that resembles normal travel.Vacationing won't see 2019 numbers for quite some time. With no money from sales the only thing left is the maintenance fees these existing owners are obligated to pay. This has been pointed out by the CEO of HGV.
"While the level of disruption to the travel industry is unprecedented, we remain confident in our ability to manage through this difficult period. Approximately 40% of 2019 segment EBITDA was derived from recurring fees in our Finance and Club & Resort segments. Through the end of March, we have collected approximately 90% of our member fees for fiscal 2020, which fund all of the operational costs of our resorts".
This will be where owners finally get the relief they have desperately been asking for and a way out. Turns out a property that you have no access to is not your property at all. There is no way owners will be required to pay maintenance fees with no access to their properties. With HGV and others finally in a full choke hold RCI and timeshare fraud will be over. Properties will go back to the Hilton worldwide and other hotel chains.Owners will be compensated with standard stays or by other means and timeshare will never exist again.
This may be a stubborn and slow ride to 0. Im guessing a lot of HGV investors are the small % of happy owners who trust this company and have been convinced of there lies from day 1. Hopefully this idea will get peoples attention and maybe save a few people before there once again holding a worthless bag.
this is all just for fun and not investment advice I love to see it happen for everyone that has been treated unfairly by this company.