There are 42 Grand Villas in those three locations.
My problem with this discussion is that it always seems to be rooted in: "*I* don't see the value in using points for a bungalow so clearly nobody else is doing it."
For 25 years,
DVC has had high-priced niche accommodations. For 25 years, people have paid premium points to stay at the Grand Floridian or Bay Lake Tower when cheaper options like OKW and SSR existed. For 25 years, nobody ever cared a bit about occupancy level of those Grand Villas. I've yet to see a single post from someone who monitored Grand Villa availability and posted theories about how vacancies are negatively impacting the system.
That said, I think a greater threat to Poly Bungalow occupancy is looming now that Copper Creek will have more economical cabins.
Nevertheless, it seems foolish to apply our own personal bias to the bungalows. Especially when considering that those rooms represent a fraction-of-one-percent of all DVC units. Doesn't take many owners wanting that high-end, once-in-a-lifetime, VIP experience to fill (or nearly fill) those bungalows nightly.
The CRO/breakage element of this discussion also mystifies me. So there aren't enough DVC owners willing to spend points there, but there are ample cash guests ready and willing to spend $3000 per night for a bungalow?
You point out the problem here: Bungalow/GVs are 1% of rooms in the DVC system but 5% of Poly rooms - but more importantly 25% of Poly points. There are no other type of accommodations to eat into that percentage.
For example, we've discussed here and in other threads that 1brs being twice the cost of studios seems out of whack but that higher cost for 1BRs balances somewhat more the cost of GVs in the overall scheme of things at a GV resort. Even CCV has that kind of balancing mechanism for its cabins.
I do not make the argument that because I do not want to stay in a bungalow, then nobody would. I make the argument that the vast majority of Poly owners aren't buying enough points to routinely stay in Bungalows.
Even if every single bungalow is always booked on points, they won't nearly all be Poly points. And this is germaine to the current discussion: availability at 7 months.
Because Poly is oversold on Bungalows as a percentage of points vs clear buyer's intent based on size of contracts, it will be bungalows that are available in much greater supply than studios at Poly at 7 months.
That'll be great for SSR owners wanting to have a special anniversary stay as a one off trip. It won't do much to satiate demand for near park studios during Fall Frenzy at 7 months.
We've discussed the concept here that the availability of new rooms grows in direct proportion with the numbers of new owners. But so far as studios are concerned, that's not true here. At Poly, the number of new owners in the market to book studios will be greater than the number of studios. That means, at 7 months during Fall Frenzy, there'll probably be more Poly owners vying for rooms elsewhere than other owners being able to score studio rooms at Poly. On balance, Poly will end up exacerbating the current trend of fierce demand at 7 months, especially during Fall Frenzy.
As to $3000 for CRO, I wouldn't expect anybody to pay that. The higher the rack rate, the better the discount. In any case, DVC has far more latitude to vary pricing to fill rooms on the cash side. Even at charging $1200/night, the Bungalows as breakage is a great deal for DVC. But even that misses the point: the approximately 1 million points being sold for approximately $155 after incentives ($155,000,000.00) that the bungalows enable is the point.
If DVC were cynical about it, and I would be if I were them, then every point they get in exchange for cruises, etc., would be exchanged into studios. If I were them, I'd let Bungalows come to me as breakage only. To the extent that would hold true, that would also serve to tie up studio availability prior to the 7 month window.