I also think their margin expectations are too high for direct point sales at Aulani. Maybe if they had higher knock-on spending from direct purchases they wouldn't worry so much, but I suspect there's not a ton of incremental revenue or profitability for each buyer of direct points at Aulani, especially compared to their WDW direct points, which typically would coincide with the purchase of park tickets and more.
I personally want more
DVC locations outside of WDW, so when I see that they still haven't sold out Aulani for whatever reason, it tells me that it's extremely unlikely that DVC will expand again outside of DL/WDW. Even though a DVC resort at
Disneyland Paris would likely be quite popular with existing DVC owners, and even if there are buyers like me who bought into DVC specifically for the broader ecosystem of resorts. It really hurts my value/purchase price for DVC if they move away from these non-WDW resorts.
