NEW VGF Building

[Bjaiken77]

Without resale restrictions, I think this good news for all DVC owners. Between PVB, BLT, and VGF1 and VGF2, that’s a lot of studios in the MK area. The common denominator: They are expensive in points. If you have points elsewhere for cheap, that may be a good thing. I know more points are introduced, but it seems like it just creates more movement than if there are a lower number of studios.

 

[sethschroeder]

I don't think VGF will start sales at the price point it's at now. Or if it does it will just have huge discounts. It will be similar to whatever RIV is at the time or something that gets it a tiny bit below for a short time then gets up even.

Why?

Its going to sell so there is no reason to drop the price right now $54/point.

So will VGF1.1 be at a huge premium? History says no, but maybe a tiny one.

But have they cut prices 25% though? Thats where we are at right now if they matched RIV pricing.

I just don't see a reason for Disney to do it. Run promos off the current price and if someone thinks VGF is too expensive than go buy RIV points and use them at VGF is the marketing spin.

The only reason I see them having a lower price is if they plan on changing more buildings at VGF over to DVC so they need to burn through the inventory.

I guess we will see I could be shocked it seems like a bunch of people expect DLT and VGF to be much cheaper than I do when they finally go on sale.

 

[KAT4DISNEY]

Why?

Its going to sell so there is no reason to drop the price right now $54/point.



But have they cut prices 25% though? Thats where we are at right now if they matched RIV pricing.

I just don't see a reason for Disney to do it. Run promos off the current price and if someone thinks VGF is too expensive than go buy RIV points and use them at VGF is the marketing spin.

The only reason I see them having a lower price is if they plan on changing more buildings at VGF over to DVC so they need to burn through the inventory.

I guess we will see I could be shocked it seems like a bunch of people expect DLT and VGF to be much cheaper than I do when they finally go on sale.

The VGF price right now is for a sold out resort that they don't want to be selling. The price is to discourage sales of it and for them to be able to direct people to RIV or whatever new resort they have at the time.

It is unlikely it would sell very easily if priced $50-$60 over other points.

 

[CSLucas]

The VGF price right now is for a sold out resort that they don't want to be selling. The price is to discourage sales of it and for them to be able to direct people to RIV or whatever new resort they have at the time.

It is unlikely it would sell very easily if priced $50-$60 over other points.

100%. $255 works when they want to sell small add-on contracts. $255 is not going to sell out an entire resort (and this is essentially an entire resort). My guess is $215-220 with some incentives.

 

[CastAStone]

@sethschroeder I expect just the opposite, with them no incentives on it but price it in line or at a small premium ($10) to RVA.

I believe all promotions during VGFs initial sale excluded VGF. They were either just AKV and Aulani or just Aulani or just PVB and Aulani. I am 100% sure that was true for the first year at least.

I’ll note that it currently is unavailable for purchase and thus priceless, so that reference price will fade.

 

[sethschroeder]

100%. $255 works when they want to sell small add-on contracts. $255 is not going to sell out an entire resort (and this is essentially an entire resort). My guess is $215-220 with some incentives.

$200 was out of question for direct prices on a new resort and Riviera has done that.

@sethschroeder I just expect them to run no incentives on it but price it in line or at a small premium ($10) to RVA.

I believe all promotions during VGFs initial sale excluded VGF. They were either just AKV and Aulani or just Aulani or just PVB and Aulani. I am 100% sure that was true for the first year at least.

Ya that makes a little more sense then if there are no incentives.

 

[Sandisw]

Here is the message my guide sent me when I asked if he had any more information.
Hello David,

Other than what has been released we won’t likely have any details to share until we begin sales there which will most likely be next year. I will be happy to call you as soon as we are able to with more information about that.

Have a magical day!

Darn. Well that may make decision different as I have a Dec UY and want the points for 2020.

Hmmm..may need to just do what others suggested and add on SSR to use at both RIV and VGF..decisions decisions.

 

[T-i-double-guh-er]

But have they cut prices 25% though?

SSR had sold out in 2008 and was priced at $104 direct. When they added the treehouses in 2009 they reopened sales at something like $90-95/point. Not 25% off, but they did lower the price when more units were added to a "sold out" resort and it went back in active sales.

 

[prs_14]

I think the headline price will stay the same. There are owners who bought direct at $255/point. Has Disney ever actually reduced (not counting incentives) the headline price per point? I would be surprised if Disney turns around and immediately reduces the headline price at which those direct buyers could have bought in. There will be incentives that get the actual price per point lower, but nothing more significant than the incentives we always see on direct sales.

 

[KAT4DISNEY]

@sethschroeder I expect just the opposite, with them no incentives on it but price it in line or at a small premium ($10) to RVA.

I believe all promotions during VGFs initial sale excluded VGF. They were either just AKV and Aulani or just Aulani or just PVB and Aulani. I am 100% sure that was true for the first year at least.

I’ll note that it currently is unavailable for purchase and thus priceless, so that reference price will fade.

VGF had something like a $5/pt discount for current owners when it went on sale. I don't recall if they sold to current owners for something like 2 weeks or if it was a little longer. Then was increased for when it opened to sales to all.

 

[Brian Noble]

if you assume 40% standard and 60% lake view it’s 1.74M points

...and assume the point values will be the same. I'm not so sure about that---DVC has tended to base things on sq. ft. (at least in part) and these rooms are bigger so they may well be at a slight points premium.

Adding another option to share the resale restriction is a plus.

That's not the way I interpreted the RIV move---instead, I assumed each new resort would be stand-alone on resale. So, resale is not split between DVC 1.0 DVC 2.0, but rather between only one of: O14, RIV, the next resort, or the resort after that, and so on.

That this new addition is part of the existing GFV muddies the waters a bit, but Disney's lawyers are very creative...

 

[KAT4DISNEY]

, but Disney's lawyers are very creative...

I'm not so convinced about that. They do represent a big corporation though.

 

[RoseGold]

I'm guessing both DL Tower and VGF2 come in over 250, maybe closer to 275. And I think the DL Tower point chart will match VGF.

They're both significantly better products than RIV, and RIV has been able to support pricing over 200 and a crazy chart almost matching VGF.

Though historically prices are lower at launch, I can see Disney trying the opposite to grab some cash, and then discounting later if they have to.

 

[CastAStone]

I'm guessing both DL Tower and VGF2 come in over 250, maybe closer to 275. And I think the DL Tower point chart will match VGF.

They're both significantly better products than RIV, and RIV has been able to support pricing over 200 and a crazy chart almost matching VGF.

Though historically prices are lower at launch, I can see Disney trying the opposite to grab some cash, and then discounting later if they have to.

DVC hasn’t taken a price increase on their “for sale” resorts above 4% since 2016.

We will all find out together!

 

[Bjaiken77]

Darn. Well that may make decision different as I have a Dec UY and want the points for 2020.

Hmmm..may need to just do what others suggested and add on SSR to use at both RIV and VGF..decisions decisions.

This is kind of my thinking now, even though I was considering selling SSR and buying some VGF2. 200 studios is a lot. And I like split stays, so it’s not like I’m trying to string together 7-10 days. I think it’ll also ease booking at PVB and BLT.

Even though I can’t use SSR at RIV due to resale restrictions, it seems like I’ll be able to use them at VGF. I’ll take the best of VGF1, VGF2, BLT, or PVB studios (god, that has to be close to 700 studios on the MK/monorail loop). I’ll then save my RIV points for my HS and Epcot days.

 

[T-i-double-guh-er]

Has Disney ever actually reduced (not counting incentives) the headline price per point?

Yes, Saratoga when it went back on sale when more points were added to a sold out resort. According to https://www.dvcnews.com/index.php/dvc-program/financial/1275-ssr-price-down-to-90-per-point, the direct price without incentives for SSR in 2010 was $90. This was after it had been "sold out" and priced at $104 in 2008.

SSR had sold out in 2008 and was priced at $104 direct. When they added the treehouses in 2009 they reopened sales at something like $90-95/point. Not 25% off, but they did lower the price when more units were added to a "sold out" resort and it went back in active sales.

 

[Jiminy76]

Capitalized "Resort Studios" makes it seem intentional, not sloppy. Or they need a copy editor...

Yes it would seem to be a new room class. Wondering if this will be a more basic room and more hotel like as opposed to the Deluxe Studio category. Would help to explain the rather quick timeframe to retro fit these rooms.

 

[RoseGold]

Assuming the studios use the existing categories, this will make it a lot easier to get the lockoffs. Usually, they were all gone because the studios were all gone. Maybe this will take some pressure off of that. Opening up 47 2BR bookings is a lot in a resort this size.

 

[prs_14]

Assuming the studios use the existing categories, this will make it a lot easier to get the lockoffs. Usually, they were all gone because the studios were all gone. Maybe this will take some pressure off of that. Opening up 47 2BR bookings is a lot in a resort this size.

I am not sure about this. DVC owners (even those who buy VGF) always flock to the cheapest rooms. If the Resort Studios are more points per night, then getting a "normal" studio will be difficult. That's my guess anyway. Think about how Boardwalk and BLT standard rooms are gone the quickest. If I owned VGF, I would be upset. You now have ~1.75MM more points going after the cheapest studios, which will in turn take out of circulation many of the lock-off 2BR.

 

[RoseGold]

I am not sure about this. DVC owners (even those who buy VGF) always flock to the cheapest rooms. If the Resort Studios are more points per night, then getting a "normal" studio will be difficult. That's my guess anyway. Think about how Boardwalk and BLT standard rooms are gone the quickest. If I owned VGF, I would be upset. You now have ~1.75MM more points going after the cheapest studios, which will in turn take out of circulation many of the lock-off 2BR.

There's only two categories, lake and standard, and all 47 studios are lockoffs. Once the studio is gone, the lockoff is gone. VGF has 47 dedicated 2BR and 47 lock off. Assuming they use the same categories, adding a bunch of studios would free up the lockoffs. That's 94 bookable 2BRs now!