TPG Talks webinar recording: Alternatives to hotels, including timeshare booking with KOALA
COVID-19 has disrupted the way we think about travel. Traditional hotels are quickly adapting to give customers confidence in their product, but millions of Americans are turning to different lodging options for their next trip. On this week's TPG Talks webinar, we took a close look at these great alternatives to a traditional property — including short-term home and apartment rentals along with timeshare resellers.
Joining us was Mike Kennedy, Cofounder and CEO of KOALA, a new online marketplace that connects travelers to timeshare owners. During the webinar, he announced an exclusive discount for TPG readers. Simply book your first stay through KOALA's site, use the promo code THEPOINTSGUY and get $150 off your trip.
Read on for more details on this new platform as well as a recap of the webinar, including the full recording.
Overview of KOALA
As discussed on the webinar, KOALA is a new platform that allows existing timeshare owners to list their unused nights or weeks for anyone to book. While there are ways to do this right now, there are a couple of main benefits to KOALA. The first is a verification process to ensure that the property you're booking (and owner of said property) are both legitimate.
"We have a third-party — the resort — that can verify that each listing is accurate," Mike said. "We guarantee that the unit you book is the one you check into or your money back. It's very simple."
He went on to point out that this process happens on the front end, before a unit even goes live on the platform — including verification of the host. This provides valuable peace of mind for customers, as you'll know exactly what you're getting when you book a stay.
Another key benefit? Transparency. KOALA's listings are inclusive of all costs associated with a stay — including taxes, resort fees and any other charges associated with your trip. According to Mike, "You'll see exactly what you pay with us, and if there are any resort fees, you'll see them clearly elucidated on the platform."
But the real victory comes in the potential for cost savings. While owners set the prices of their timeshares, the KOALA team provides price checks, comps and data in the background to alert them if a price is being set too high.
The end result? The potential for some substantial savings.
As an example, he showed the Marriott Summit Watch in Park City, UT. For a five-night stay in mid-February, you could book a two-bedroom villa with a full kitchen that sleeps up to 8 guests for $725/night — or a total of $3,806.
That exact same room type is available on Expedia.com for $1,265 — a grand total of more than $7,000 for the five-night stay.
This represents a significant savings while simultaneously offering peace of mind for travelers, as you know exactly what to expect upon your arrival.
Benefits to timeshare owners
KOALA also provides benefits for those who own a timeshare and are looking to rent out unused nights or weeks. For starters, there's no up-front fee for listing on the platform. If your timeshare is rented on the site, KOALA will take a small, 8% commission. If it's not booked, there's no cost.
In addition, they've done a lot of the heavy lifting for you.
"We've built out a database of the resorts," Mike said, "so the owners don't have to do any descriptions, they don't have to upload photos." KOALA has even identified the various units at those resorts — which sometimes can have a minuscule difference (like "oceanview" vs. "oceanfront"). Listing is thus a simple, three-step process:
- Select your resort.
- Choose your unit type.
- Set the dates and price.
"We've really tried to make this super intuitive and and super easy," he added.
If you (or a loved one) has a timeshare that you're looking to rent out, be sure to check out KOALA to see if it meets your needs.
Other alternative lodging options
Of course, timeshares represent just one form of alternative accommodations. Vacation rentals are another key option — including well-known brands like Airbnb and Vrbo — as are vacation resorts affiliated with larger brands. There are a number of important benefits to looking beyond traditional lodging choices:
- Additional space and amenities: In many cases, booking vacation rentals or other alternatives can provide more space than your typical, standard hotel room — and can also include other, home-like amenities (full kitchens, for example). Sure, there are suites in a traditional hotel that provide additional room for your family, but these often don't replicate what you'd experience at home.
- Cost savings: In addition, larger rooms at regular hotels can be expensive, whereas booking condos, apartments or entire houses can be much more affordable. Many platforms even offer discounts for longer stays — typically a week or more — which is what I found on my July trip to Asheville, NC.
- New destinations: These alternatives can also enable you to explore new places where traditional hotel chains don't have a large presence (or any at all). This is what I experienced on my incredible trip to Colmar, France in November 2015 — incidentally my very first booking with Airbnb. I would've never visited this incredible town had I been solely focused on major hotels.
- Social distance: Finally, the right lodging option can afford more social distancing opportunities than a standard hotel. While chains like Marriott and Hilton are taking great lengths to ensure cleanliness and minimize the risk of transmitting coronavirus, traditional lodging still means shared lobbies, hallways and elevators (in most cases). On my North Carolina trip, we had a house all to ourselves on two acres.
Of course, there's a lot more to discuss with these options, so watch the full webinar recording below — and scroll down for follow-up reading that can make your next trip (whenever that will be) even more enjoyable.
Webinar recording
Follow-up reading and important links
- How to find and book an Airbnb for your next road trip
- Everything you need to know about staying at an Airbnb right now
- 15 tips that will help you score the perfect Airbnb every time
- Airbnb, Vrbo and More: Comparing Popular Vacation Home-Booking Sites
- 5 ways to use points to book vacation home rentals
- 6 things to know about renting a timeshare
- How to save money by renting Disney Vacation Club points
- Are Homes and Villas by Marriott a good deal?
- I earned 15,000 Marriott points just by renting a home for 10 days — here’s how
TPG Talks is a series of live webinars hosted by team members from The Points Guy, covering various aspects of the travel, credit card and loyalty industries. Join from anywhere in the world on any device to learn tips and tricks that’ll get you closer to your next dream vacation.
For a list of previous sessions, visit our TPG Talks hub page, or click on any of the links below for individual recaps:
- TPG Talks #1: Online shopping portals
- TPG Talks #2: Under-the-radar loyalty programs
- TPG Talks #3: Future of cruising
- TPG Talks #4: Beginner's guide
- TPG Talks #5: Travel changes and cancellations
- TPG Talks #6: New era of flight deals
- TPG Talks #7: Credit card strategy during COVID-19
- TPG Talks #8: Advanced redemption tactics
- TPG Talks #9: Disney and theme park reopening
- TPG Talks #10: Aviation chat during COVID-19
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| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
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Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.