BCV-What % is sold?

[Tinkrbell]

I just noticed in the price is going up again. (I know, I know, pretty slow of me.) But anyway, what percent is BCV sold out of already?


It must be getting tight for them. I'm sure that due to the overwhelming response to this resort, and that the DVC clause requires them to maintain SELLING a property to be the owners/managers of all DVC properties. Before the new DVC resort is officially open and ready for sales,.(Whats the scoop on that one?) they are really trying to slow it down a bit.

 

[drusba]

Last I heard about three or four weeks ago is that it is a little over 50% sold. Not sure what you are referring to as being required to be selling a resort for Disney to be an owner/manager as I am not aware of any such requirement. Disney Development Company always retains 4% ownership of a resort even when sold out and the Disney Vacation Club Management Company manages all the resorts and will do so until 2042. Disney the parent company owns all the land. Saratogo Springs (in the old Disney Institute area) is not scheduled to open until 2004. The price increase might be partly designed to slow sales a bit, and then again it might be mostly designed to make more money because they believe they can maintain the same level of sales even at the higher price.

 

[JudithM]

I suspect some of this info will be presented at the DVC annual meetings coming up soon. Usually there is a presentation of DVC in general & they tell us such info.

 

[AEN]

Even if we are told 40, 50 or 60%, is there any way the accuracy of the represesentation can be proven? I guess that is the auditor in me.

 

[AEN]

Even if we are told 40, 50 or 60%, is there any way the accuracy of the represesentation can be proven? I guess that is the auditor in me. Those quotes always remind me of concerts when they just found tickets that they are now releasing. That is the marketing approach. Read another way, we haven't sold enough tickets, how can we convince people to buy them. Is Disney, in part, raising the price just to get the people to buy now "before we increase prices"? What is Disney's year end and when does the price increase go into effect? Sorry for what seems like a diatribe.

 

[DVCDAVE]

You have every right to be questioning Disney's information and motives. That is your right.

BUT, in the past they have been very straightforward with us in releasing sales figures. DRUSBA is also correct, Disney does maintain a small percentage of continued ownership in order to offer some units through the cash ressie system, and rotate maintance of the units.

 

[BIERMUGG]

Why would any business want to slow down sales ?
They are raising the price to make more money. DVC remains one of the most profitable companies Disney Owns.

George

 

[drusba]

As to verification, one can look to what was shown by the BCV annual budget that was recently sent out. That budget is based on 130 rooms being dedicated to DVC out of 208 total. They dedicate new units to DVC on a rolling basis as sales are made of already dedicated units. Thus if 130 are dedicated then most likely you are above a 50% sold out level. Price increase starts Dec 1.

 

[erikthewise]

130 out of 208 is 62.5% (exactly 5/8 actually). One could imagine this meaning that DVD projects BCV will be 62.5% sold as of Jan 1. I don't know if there is any truth to this, but it makes sense.

 

[Dean]

Originally posted by erikthewise
130 out of 208 is 62.5% (exactly 5/8 actually). One could imagine this meaning that DVD projects BCV will be 62.5% sold as of Jan 1. I don't know if there is any truth to this, but it makes sense.

The units must be declared into inventory before they can be sold. That means it's more accurate to say that BCV will be less than 62.5% sold by 1 Jan.

 

[Tinkrbell]

Is the 4% that remains, part of the "cash sales" ? I thought that the guidebook stated that they must be "selling" units.

Probably my mistake since I'm not fluent in legalese.

 

[RobDoc]

The 4% is retained by DVD and is not sold. It is used to cover for rooms down for maintenance/rehab and any available beyond that need are rented thru CRO.

When a DVC resort is "sold out", it means that 96% of the units are now owned by individuals and not Disney.

I'm not aware of any clause that requires DVC to be selling units to remain the managing entity of the DVC resorts. There is a clause that provides for the members to replace the management and select their own- but that would remove that resort from the ability to exchange to other resorts and that body would then have to negotiate with Disney for things like transportation and provide it's own housekeeping, maintenance, reservations, etc. While it's important that we have other options, it's not something I'd welcome!

 

[invalid_char]

I heard 60% from myguide when we did an add-on.

 

[donmil723]

DVC guide at the BCV told my DH last week when we were there that BCV was almost 65% sold.

Donna