DVC dues watch 2023

[kes601]

I’m not usually a conspiracy theorist but anyone else find it suspicious that Riviera continues to see very minimal dues increase?

No. It's a new resort so in theory there should be less maintenance needed.

 

[TinkB278]

I’m not usually a conspiracy theorist but anyone else find it suspicious that Riviera continues to see very minimal dues increase?

They started high so doesn’t seem unusual to me.

 

[kilik64]

I’m not usually a conspiracy theorist but anyone else find it suspicious that Riviera continues to see very minimal dues increase?

Oh you mean since DVD is holding about half the points still they dont want to have to pay a greatly increasing amount of their share of the annual dues? You think the increases will go up a ton once is mostly sold out...?

Naw....

 

[Nursemanit]

No. It's a new resort so in theory there should be less maintenance needed.

BLT is a tower as well , 15 years older, and less maintenance.

 

[sethschroeder]

I remain pleased that we chose VGF this year over RR, partially because of the historically lower dues.

What?

Riviera went up 1.44% and will likely minimally go up the next year or two possibly still
Grand Floridian went up 4.64% and will keep closing the gap over the next couple years

Its fine you like VGF but your take on this is a big miss.

 

[zavandor]

Not happy with another above average increase for SSR. Was there any hurricane damage again to the THV?

 

[CarolynFH]

That would be very sad because I have stayed in probably 15 different dvc rooms over the last year and not one of them was cleaned well. Never had a problem with the cleanliness of mouse keeping until the pandemic. Dirt on the floors, wrappers, if I walked in bare feet the bottom of my feet were black etc.

Remember, these are projected expenses for 2023, not actual for 2022. WDW has had a great deal of difficulty in hiring sufficient housekeeping staff during the last few years, which is the likely reason for the conditions you’ve noted. BTW the union is asking for even higher wages in the new contract.

I'm sure this has been answered before, but I won't have any issues if I go in and prepay my dues, right? I have a stack of gift cards that I'd like to burn through.

Nope, they’ll just keep it as a credit and apply it to your account once the actual billing takes place.

 

[sethschroeder]

Not happy with another above average increase for SSR. Was there any hurricane damage again to the THV?

When inflation is 8% its actually below average if its 7%.

 

[HIRyeDVC]

When inflation is 8% its actually below average if its 7%.

By that logic, Riviera is seeing a major deflation!

 

[sethschroeder]

By that logic, Riviera is seeing a major deflation!

It was over inflated to start with in addition to cautious outlook on resort costs which hasn't been as much as they predicted. Its fairly common for the new resort to be lower in increases.

Its been projected for a while that the trend would continue at Riviera at least through this year. Question will be if it still has 1 or 2 more years of lower increases left.

Historical I think the average of DVC MFs until COVID was 3% and inflation was 2.6%. Obviously the big difference is inflation is the US economy as a whole and that will not map directly to the services that a hotel/timeshare provides so their cost might be slightly more or slightly less.

 

[CaptainAmerica]

I’m not usually a conspiracy theorist but anyone else find it suspicious that Riviera continues to see very minimal dues increase?

I think they artificially start them higher, so the dues "increase" is smaller while its actively selling...

I don't think they're artificially high to start, it's just legitimately true that a brand new property is going to have less maintenance needs than an older property.

 

[zavandor]

When inflation is 8% its actually below average if its 7%.

Comparing with the other DVC resorts, only two WDW resorts have had an higher increase. And it's been like this for a few years now. It's true SSR is larger and need more people to clean it, but it also has more points to split the bill.

 

[hglenn]

This is my first year paying dues. I just read through the 2022 annual meeting notice for BWV. One thing that really stuck out to me is that they only budgeted $871k for breakage for 2023. That seems super low. Based on my understanding, that's Disney selling DVC rooms at cash rates, correct? If that's the case, then that is only about $2400 a day which is only about 3-5 rooms a day on average that they are getting cash for? Wouldn't that mean that the DVC points booking is a very high? I know that the availability calendars tell a similar story but this seems to prove it. (someone please kindly enlighten me if I'm way off here... still learning)

 

[CaptainAmerica]

Comparing with the other DVC resorts, only two WDW resorts have had an higher increase. And it's been like this for a few years now. It's true SSR is larger and need more people to clean it, but it also has more points to split the bill.

It's not about the size in terms of number of rooms, it's about the size in terms of acreage. It takes longer to clean 100 units in one building than 100 units in ten buildings.

 

[sethschroeder]

Comparing with the other DVC resorts, only two WDW resorts have had an higher increase. And it's been like this for a few years now. It's true SSR is larger and need more people to clean it, but it also has more points to split the bill.

SSR and OKW both fall in the category of remote resorts with large expansive areas so suspect the wage increases play a part with housekeeping, bus drivers, grounds keeping.

Since 2018:

Resort	% Increase
Riviera	Not Qualified
Vero Beach	50.65%
Old Key West	39.24%
Hilton Head	39.00%
Grand Californian	36.75%
Saratoga Springs	34.17%
Animal Kingdom Villas	30.32%
BoardWalk Villas	30.24%
Polynesian	28.19%
Beach Club Villas	26.79%
Bay Lake Tower	25.43%
Boulder Ridge	22.81%
Aulani	21.41%
Grand Floridian	19.63%
Copper Creek Villas	9.10%

 

[havoc315]

SSR and OKW both fall in the category of remote resorts with large expansive areas so suspect the wage increases play a part with housekeeping, bus drivers, grounds keeping.

Maybe. Also may be an issue of upkeep of older resort, and no "cash co-resort" that subsidizes those costs.

Since 2018:

Resort	% Increase
Riviera	Not Qualified
Vero Beach	50.65%
Old Key West	39.24%
Hilton Head	39.00%
Grand Californian	36.75%
Saratoga Springs	34.17%
Animal Kingdom Villas	30.32%
BoardWalk Villas	30.24%
Polynesian	28.19%
Beach Club Villas	26.79%
Bay Lake Tower	25.43%
Boulder Ridge	22.81%
Aulani	21.41%
Grand Floridian	19.63%
Copper Creek Villas	9.10%

 

[sethschroeder]

Maybe. Also may be an issue of upkeep of older resort, and no "cash co-resort" that subsidizes those costs.

SSR did have that lawsuit as well not sure what came of it.

I would say you are accurate that all resorts will creep up over time thing is resorts with that many more exterior walls and that much more square footage of roof will have more built in higher cost requirements of replacement compared to a more concentrated resort.

This is all guessing on my side though.

 

[havoc315]

SSR did have that lawsuit as well not sure what came of it.

I would say you are accurate that all resorts will creep up over time thing is resorts with that many more exterior walls and that much more square footage of roof will have more built in higher cost requirements of replacement compared to a more concentrated resort.

This is all guessing on my side though.

Yes, just speculation. But as a building ages, failed pipes will become more common. More and more utility components need replacement. HVAC systems become less efficient or need to be replaced.
And of course, older buildings are just generally less energy efficient than newer buildings as technology progresses -- so heating and cooling may be more expensive in an older building, etc.

 

[Azndjdude]

This is my first year paying dues. I just read through the 2022 annual meeting notice for BWV. One thing that really stuck out to me is that they only budgeted $871k for breakage for 2023. That seems super low. Based on my understanding, that's Disney selling DVC rooms at cash rates, correct? If that's the case, then that is only about $2400 a day which is only about 3-5 rooms a day on average that they are getting cash for? Wouldn't that mean that the DVC points booking is a very high? I know that the availability calendars tell a similar story but this seems to prove it. (someone please kindly enlighten me if I'm way off here... still learning)

Breakage income is capped at 2.5% of the resorts operating budget. The rest goes to DVC as a profit. https://dvcfan.com/2021/04/27/rumor...come is revenue generated,60 days of check-in.

 

[CaptainAmerica]

Yes, just speculation. But as a building ages, failed pipes will become more common. More and more utility components need replacement. HVAC systems become less efficient or need to be replaced.
And of course, older buildings are just generally less energy efficient than newer buildings as technology progresses -- so heating and cooling may be more expensive in an older building, etc.

Major systems replacements and that sort of thing are budgeted in the capital reserve. The operating budget is just that... operating.