For those of you who are new to timeshare, you are probably wondering what the term ‘Trading Power‘ actually means. It is a concept used by RCI, the world’s largest timeshare vacation exchange network.
RCI are the leaders in timeshare exchange, having worked successfully in field for over 35 years. To their credit, they are affiliated with some of the most renowned resorts and hotel chains in the tourist industry, making them stand out from other smaller companies. Membership enables timeshare owners to exchange their weeks or points for other destinations and dates, making fractional ownership completely flexible and accommodating.
What does Trading Power mean?
The term Trading Power represents the value ascribed to your vacation time when you ‘deposit’ your timeshare into the program with the intention to exchange it using their services. In other words, when you introduce or deposit your property with RCI your timeshare is given a value or Trading Power. This Trading Power will be determined by a number of different factors:
- Classification (e.g. resort, boat etc)
- Size and type of unit
- Score of resort from comment cards
- How far in advance you deposit
Purpose of Trading Power
The purpose of Trading Power is to ensure that you receive an exchange that is a fair match to the timeshare you are depositing and so that clients are wholly satisfied with their exchanges. It also helps you secure high demand locations and dates when competition is steep.
How to Maximize the Advantages of Trading Power?
The earlier you deposit your property and the earlier you request an exchange the better your Trading Power. This will in turn affect the availability of the kinds of vacations you are seeking. For example, if you deposit less than 9 months in advance, your Trading Power declines exponentially. As RCI accepts deposits up to 2 years in advance, the optimum time is between 2 years and 9 months ahead of time.
The other way to take advantage of Trading Power is to deposit a high demand week; that is, peek dates that everyone wants, like school holidays, thanksgiving, during the snowy season in ski resorts and so on.
Another advantage is that any unused Trading Power can be carried over as credit to use on a second vacation. So, maybe the vacation time you deposited gave you a higher Trading Power than the vacation you took in exchange, the difference in value will be credited to your Trading Power account. You can then either use that credit to cover the full cost of a second week or add it to an additional deposit.