7 month window could go away

[gtrist4life]

[color= blue] The fine print is there to minimize Disney's exposure to risk. Most of what's being discussed is highly unlikely to happen.

But..........if it did, then we're on the end of the teeter totter up in the air and would have to rely on our leverage as a group to get back on even ground. Disney knows that the success of the Club depends on the relationship being win-win and for now it's been a good relationship.

What has changed these last few months/years is more DVC resorts, new options (12 more years) and that has caused the speculation meter to spike.

I just bought in last month at BWV. It is where I plan on vacationing most of the time along with the other DW resorts, HHI and VB if 7 months/my plans match. I did include the options for other Disney resorts, Concierge, Passport collections in my purchase decision. But not too much. We may use this option once or twice, or rent points.
The way I see it, is worse case, if you do these transfers in the first one or two years of your contract and you are paying retail or close to retail. If you wait longer than that, then inflation will eat you (your points exchange value )alive. It will be interesting to see how this option changes over the years. More people will probably rent and pay cash for variety.

The one exception I seen so far to this was that the points required for staying at the moderates dropped about 5 points a night. 2004 rates in the off season are 14-15 points Sun-Thurs. at $6 a point, that's a bit better than the discounts.


OK, that's my fifty cents worth. I'll be w/out access for a couple days so I'll look forward to the responses when I'm back online.

Peace,
Guitarist for Life [/color]

 

[spiceycat]

Okay the big change I have noticed is with the WDW resorts - the points needed for this has definitely changed - not for the better and they continue to change each year - from 1991 to 2001 they were the same.

this change was not DVC - but WDW resorts. these are 2 different businesses. DVC must get the WDW resorts to agree to even be able to use your points for a WDW resorts.

the II is much been better (my opinion) for a 1-bedroom -now the studio is worst - and the 2-bedroom (depends upon your resort - OKW/HH/BWV standard - worst - everything else better)

I don't stay on weekends - I drive - so I need Sat and Sun to get back to normal before I return to work. I pack the Sat before I leave.

I have other timeshares that I also leave a day or 2 before hand - just so I get the rest that I need before returning to work.

Now when I retire - this might change!!!!

If DVC was having trouble filling the rooms for the weekend - yes they could change the points structure - but with CRO able to rent anything that is not filled by the 60 day period - I just don't see the weekend not being filled by members as a problem.

OKW was the first DVC resort - most of these rules were because of it - weekends the guides (salespeople) told was were higher to make sure that DVC resorts did not become a weekend getaway. Also to assure that the Florida residents did not get all the weekend reserve - now with everyone having a 11th month time to book points - I don't know how the Florida residents could be a problem. (when I asked my guide - he couldn't answer - this was before Judy).

my thoughts and the guide did not say yes or no - CRO (central Reservations) could more easily rent weekends - than weekdays - and nothing anyone has say makes me think differently.

Now surpose you wanted to come to WDW to go shopping - so you want a weekend trip - guess what OKW is right next to DD (SSR will be closer) - and it is a quick walk/boat ride or bus away.

I think the weekend points being lower at SSR is more a state of the economy that DVC changing their minds. Less people are going to WDW and therefore less people are staying on WDW property. If in a few years after WDW becomes the number one place for vacationeers again - if SSR weekend points aren't higher I will be surprised.

some people like to vacation only on Sun- Thur (leaving on Fri) - if this upsets anyone - sorry - but don't tell me that I am wrong - that is down right silly!

DVC is not like other timeshares and I am gratefully that it is not - I mean that is one reason I brought it years ago - I can go when I want and stay when I want - it I want to stay one night it is my business.

 

[drusba]

Originally posted by ArRzrbk
This is all scaring me a lot. I am buying into DVC for a multitude of reasons (use of home resort, ability to stay at non-home DVC resorts, use of resorts outside Disney, abilty to bank and borrow points for big trips, etc.). I have chosen our home resort and the number of points with all this in mind, and it could all change....How can Disney put in so much fine print that the program they are selling you today could hardly resemble at all the program in few years...if they so choose to change it. A little fine print is ok, and I knew about some of it, but what you all are talking about changes this membership dramatically.

Here is some of what that fine print will actually tell you after reading it all closely:

1. The 11 month home resort window will not change. The 7 month other resort window could be extended up to 10 months although it is doubtful that would occur since there is no driving force that says the current system is wrong. Disney is not going to take any window down to 1 month from time of reservation not only because it cannot but logistically it could not handle that kind of reservation system.

2. As long as your resort remains part of the DVC system, you will have the right to make reservations at other DVC resorts that are in the system. There are only certain ways your resort can become a non-DVC resort: (a) bankruptcy or insolvency of the Disney entities -- thus, you are betting that won't occur; (b) your home resort gets destroyed so badly that it is impossible to rebuild (in that case there would be a distriobution of applicable insurance proceeds to members and those members would be out of the system -- if the resort can be rebuilt that is what will occur and you remain a member); (c) the government "steals" the property through eminent domain proceedings (this is not going to happen -- at least as long as the republicans remain in power); (d) the members vote by 60% to leave DVC or do away with using a Disney entity as the management company (so who is ever going to vote for that); (e) the lease of the property till 2042 from the Disney parent to DVD is terminated -- and that can only be terminated before 2042 by one of the above events happening. In other words, don't assume any resort will become non-DVC before the end of its applicable term.

3. Banking and borrowing can be suspended (not forever done away with) if it is sending demand and supply way out of whack. In other words, DVD will not stop it unless it has to. Possible scenario for suspension: they bring the Olympics to WDW and Orlando; suspension of banking and borrowing may occur because otherwise a large number of DVC members may try to bank and borrow everything to get maximum reserved time during that event so they can then rent to others at a "fair" rental value considering the event.

4. Use of resorts outside Disney and even use of non-DVC Disney resorts can end at any time. That is not a likely occurrence since it is a partial profit maker for DVD because of transfer fees or ability to rent traded out points.

I guess the point I am trying to stress is that the fine print does not give DVD as much leeway to change things as the impression you may be getting from reading the posts.

 

[Richyams]

1. The 11 month home resort window will not change. The 7 month other resort window could be extended up to 10 months although it is doubtful that would occur since there is no driving force that says the current system is wrong.

At one point, there was a driving force. They needed to sell their poorly selling resorts, HH and VB. I was at a HH presentation and they said, "All the guides buy and own at HH, the MB is better, the dues are lower(than BWV) and you can stay anywhere you want, soon there will only be a one month booking advantadge for owners."

Before the off site resorts sold out, they were using the WDW DVC resorts to sell them. I am glad they sold out without them changing the booking window.

**************************

Okay the big change I have noticed is with the WDW resorts - the points needed for this has definitely changed - not for the better and they continue to change each year - from 1991 to 2001 they were the same.

I believe there was an anologous move in the resort(WOD) point requirements.....back in 96?? 97?? we decided to take a cruise. The kicker was that the points needed for the cruise had a substantial drop that year. This was when things were perking in the economy and WDW was full. They could get more for a DVC room, in turn, they gave us more.

I think I remember a reduction in the WOD point costs also.

I really believe that the moves up we are seeing are strictly related to vacancy at WDW and Disney's ability to sell our vacated rooms. As that ability gets better and vacancy goes down, we will again see reductaions in points required for resort stays.

 

[Dean]

Originally posted by timC
Does anyone know for a fact if DVC can change the priority booking window on one resort only?

I guess they could do anything they wanted by just voting on it. Short of that though, they could institute a specials season preference which can be for only one resort. It does have to be announced ahead of time though by the current rules. That's why I wondered if SSR was not going to be added to the club until Feb, else how could they let only owners there reserve and not others at the 7 month window. That also means that SSR will ONLY be able to reserve SSR in December and will not be able to use their points at other resorts until Feb would be my guess at this point.

 

[Dean]

Originally posted by spiceycat
the II is much been better (my opinion) for a 1-bedroom -now the studio is worst - and the 2-bedroom (depends upon your resort - OKW/HH/BWV standard - worst - everything else better)

It depends. Studios are MUCH higher, 1 BR are a little lower, 2 BR are about the same to higher and 3 BR are much higher. Remember that the best comparisons with the previous exchange issue is HH adventure and OKW Dream and that 3 BR only required a 2 BR to be given up. IMO, everything went up, just some were not as bad as others. Only the high season 1BR went down and 2 BR went up a negligible amount for high season. Plus, they are now depositing higher demand weeks and resorts which makes for less availability for members overall.