Does anyone know how well BLT is selling?

[Tink-n-Belle]

Does anyone know how well BLT is selling? Or Not selling.

 

[hlyntunstl]

I just purchased on Friday (I'm not quite official pending paperwork) and this info is based on what my guide told me about the sales so keep the source (sales) in mind...

She said that the founders wall was almost sold out (for purchases of 160 points or more I believe - I only got 100) and the sales for prospective members will begin on Sunday 9/28. The sales are apparently on-par with BCV which sold out in about 2 years. They are guessing that this will not last that long - about 7 months. My guess is somewhere in the middle but closer to the 2 year mark than 7 months.

 

[Tiger926]

Just talked with my guide a few hours ago - the Founder's tiles (purchase of 160+ points) are almost sold out and he said that he just got off of the Member's Cruise and they sold 400 contracts for BLT on the cruise! He said the frenzy and excitement over BLT is amazing and they are predicting a quick sell out as people love the location, the fireworks lounge and lesser dues. We really wanted to buy in, but it wouldn't be financially responsible for us at this time, so we declined.

He said they have been totally swamped with the BLT announcement, so it sounds like it is going very well thus far!

Tiger

 

[TLSnell1981]

Are you sure, the "almost sold out" for the founders club, isn't a sales gimmick? Same thing with the 7 month expected sellout?

 

[XGrumpy1]

On another post someone was speculating that at BLT there were 6 million points to be sold. He figured BCV had about 3 million. BLT has larger rooms, no dedicated studios, and higher point totals for the rooms.

The guides have been busy but, I think it will be on sell for quite a while.

 

[Tiger926]

The Founder's Club is only for the 1st 1,000 contracts at 160 points, so if they processed 400 contracts just on the Member Cruise, then doing that math, they are almost close to selling out. That is not hard to do based on the small numbers applicable for the Founder's Club. He said they aren't sold out yet, but they are getting close and I can totally see how that is possible since 1,000 contracts isn't a lot at all.

Regarding selling out of the entire resort, that of course is going to take a bit of time, but my guide said they are basing their projections on what is happening at the moment. Each guide has a huge list of people who are interested in BLT, plus the contracts from the Member Cruise, regular people calling to buy in @ BLT (which goes to sale to public next week) and the fact that BLT is a small resort at approx. 290 units, and this is what they are basing their projections on. As my guide said, they can't predict the future, so they are doing the best they can with a very busy schedule this past week since BLT was announced. Our guide is always great - doesn't push, doesn't pressure at all. He commended us for making a responsible decision not to buy in now (I posted about this in another thread) as it's not financially feasible for us, and said we know where to find him when we are ready for an add-on for BLT.

Tiger

 

[bookwormde]

Well if the founders club is almost sold out then say at an average of 200 points that is 200,000 points. Add half of that for smaller add ons and you are at 300,000. If that is accurate DVC will need to declare more rooms and I am sure someone will pick this up in the official filings. If we do not see more rooms declared soon it is probably just sales talk. If they have sold 350,000 points to existing members that would be 5% of the total available points, not bad but nothing spectacular.

bookwormde

 

[tjkraz]

It will be interesting to see how quickly sales begin to die down.

DVC did a very good job with their initial promotional push. Within days members were bombarded with the Sentinel article, official press releases, email blast, Travel Channel special, materials via US Mail, Disney Files magazine, member cruise, and so on. It's pretty much impossible for current members to have missed the announcement.

And with the Founding Members tile incentive, I can't imagine why people would wait longer if they've been wanting this resort for years.

Still, in order to sell out in 6-7 months they would have to sell about 4% of the resort per week. Good luck!!!

 

[Tiger926]

It will be interesting to see how quickly sales begin to die down.

DVC did a very good job with their initial promotional push. Within days members were bombarded with the Sentinel article, official press releases, email blast, Travel Channel special, materials via US Mail, Disney Files magazine, member cruise, and so on. It's pretty much impossible for current members to have missed the announcement.

And with the Founding Members tile incentive, I can't imagine why people would wait longer if they've been wanting this resort for years.

Still, in order to sell out in 6-7 months they would have to sell about 4% of the resort per week. Good luck!!!

My hubby and I agree that 6 months for sell out does not seem very realistic at all - our guide didn't give us any month prediction for being sold out because as he says, he can't predict the future, but, based on sales so far, he said it is meeting or exceeding their expectations thus far. Who knows if this will continue, since as you pointed out, there has been a huge marketing push this month for BLT. He did say they have been swamped and will be for the next month as BLT becomes available to the general public, but that's as far as he can speak about at the moment.

It will be very interesting to see how the actual sales figures stack up over the next few months once the initial hysteria dies down.

Tiger

 

[Slakk]

I think sales will be interesting as many of the die hard Deluxe folks who always stay on the monorail may convert to DVC. Personally I prefer other resorts but hubby and DS love CR so we bought. I was not willing to take the chance that the room category I wanted would be available at 7 months.

And after paying over $1,000 for two nights in CR - oh yeah BLT was a bargain!

 

[TLSnell1981]

The Founder's Club is only for the 1st 1,000 contracts at 160 points, so if they processed 400 contracts just on the Member Cruise, then doing that math,


Tiger

How many of the 400 contracts were for at least 160 points? There could have been plenty of add ons for less.

 

[Tiger926]

How many of the 400 contracts were for at least 160 points? There could have been plenty of add ons for less.

Most of the 400 contracts were for 160 add-ons according to my guide. Some people only wanted 100 points, but being part of the Founder's area was very important to most people, so alot of people added points to get to 160 according to my guide. Based on the point chart, 160 is more of a workeable number in regards to 5-7 night stays as well, so this amount is working for many people, and with the Founder's area bonus, it's been a good sell, he said.

Tiger

 

[thelionqueen]

Great point about "Deluxe Monorail Guests" buying @ BLT, hadn't thought of that. Considering that staying @ CR in the tower could easily top $500 per night, that alone could sway those guests to DVC.

Just as a side note, we stayed @ CR in the old garden view rooms (now BLT) 4years ago on a Passholder discount and paid $225 per night! The room at the Polynesian we are staying @ in October sells for over $589 per night (not concierge, just lagoon view). It would seem as if the guests paying that amount at the monorail resorts, would see DVC @ BLT as a incredible deal! At a low average of $400 per night (2008 price) for 7 days, you're talking $2800 for one trip; seems like an easy sell.

I too will be interested to see how long it takes for BLT to sell out. I'm on my way to consult my Magic 8 ball right now.

 

[nhdisnut]

DVC did a very good job with their initial promotional push. Within days members were bombarded with the Sentinel article, official press releases, email blast, Travel Channel special, materials via US Mail, Disney Files magazine, member cruise, and so on.

Did anyone else not receive materials in the mail? We didn't get anything with the BLT announcement. We found this odd as we got several mailings when AKV was announced. If I weren't so obsessed with all things WDW on the Web, I wouldn't know BLT was even for sale!

 

[TangaroaTiki]

We just bought an add-on contract too. I wanted to know my family had our choice of accomodations at the 11-month mark. With our home resorts, we have the unbeatable convenience of walking to three of the parks and never bothering with the busses more than worth it to us

Editing to add: No - we never received any sales information in the mail, nor did anyone in my family and there's alot of us who own DVC! Thank you DISboards!

 

[jdg345]

I just purchased on Friday (I'm not quite official pending paperwork) and this info is based on what my guide told me about the sales so keep the source (sales) in mind...

She said that the founders wall was almost sold out (for purchases of 160 points or more I believe - I only got 100) and the sales for prospective members will begin on Sunday 9/28. The sales are apparently on-par with BCV which sold out in about 2 years. They are guessing that this will not last that long - about 7 months. My guess is somewhere in the middle but closer to the 2 year mark than 7 months.

I agree ... I think they're coming up with 7 months based on sales continuing at the current pace. That's not likely to happen. I'm guessing 2-3 years to sell out the tower.

 

[jdg345]

The Founder's Club is only for the 1st 1,000 contracts at 160 points, so if they processed 400 contracts just on the Member Cruise, then doing that math, they are almost close to selling out. That is not hard to do based on the small numbers applicable for the Founder's Club. He said they aren't sold out yet, but they are getting close and I can totally see how that is possible since 1,000 contracts isn't a lot at all.

I think some of it is certainly sales-speak. Last Friday, before sales officially opened, I heard from several individuals that 500-600 contracts for Founder's Status had already sold. If they sold 400 during the Member Cruise, then they should be well sold out by now unless nothing else was sold by the sales center over the last 8 days -- which I find hard to believe if it's moving at such an overwhelming pace. The math simply doesn't add up ... if it were truly selling as well as they say, Founder's Club should have been full up by mid-week.

Regarding selling out of the entire resort, that of course is going to take a bit of time, but my guide said they are basing their projections on what is happening at the moment. Each guide has a huge list of people who are interested in BLT, plus the contracts from the Member Cruise, regular people calling to buy in @ BLT (which goes to sale to public next week) and the fact that BLT is a small resort at approx. 250 units, and this is what they are basing their projections on. As my guide said, they can't predict the future, so they are doing the best they can with a very busy schedule this past week since BLT was announced. Our guide is always great - doesn't push, doesn't pressure at all. He commended us for making a responsible decision not to buy in now (I posted about this in another thread) as it's not financially feasible for us, and said we know where to find him when we are ready for an add-on for BLT.

Tiger

That puts their estimate into context then, and is as I thought. The reality is that sales will not continue on their current pace. You have pent-up hype and people waiting in line ... once that wave is over, it's back to normal selling. Now, there is additional draw to BLT that could speed things up, but I simply cannot believe that sales will continue at this pace.

 

[jdg345]

Did anyone else not receive materials in the mail? We didn't get anything with the BLT announcement. We found this odd as we got several mailings when AKV was announced. If I weren't so obsessed with all things WDW on the Web, I wouldn't know BLT was even for sale!

Nope, haven't received a thing ... in fact, still haven't received my Disney Files.

 

[culli]

I hope things don't go fast as I want to buy but need to wait for start of next year to see how the bonus from work looks. The slower it goes I would think that would benefit those that wait as better incentives might be offered? I also need to see if I want BLT or BWV/BCV as I love EPCOT and DHS but MK is what the kids prefer. Also the expiration year difference is nice for BLT...........decisions, decisions......I got about 5-6 months to constantly change my mind

 

[TLSnell1981]

I will buy an add on at BLT..if..it's still available in the next 12-18 months. I had planned on buying now but, BWV@$81...couldn't pass it up. DD is getting married in June so, I'll have to recover from that. If they sell out before I'm ready...I'll wait for a resale.