DVC solution??

[Heather07438]

I think what we Need to Rememver is that DVCM has to make the solution work for the system and the balancing of points,

Its not really about the effect on owners, Sure, whatever they do will have a different effect on individuals, but ultimately, it is about the extra points only and what can be done legally with them to absorb them while maintaining minimal loss of those affected points.

That would be a terrible mess, and it still wouldn't make everyone happy.

You're both probably right. My solutions are just examples only. The point being that having 2 or 3 options offered (if any were feasible) could help increase their perceived value.

 

[tjm236]

I think I saw this suggested by someone else around here, but what about the option of taking lost points and spreading them over a 5-10 year span. So if you were going to lose 100 points, you would get 20 OTU points for 5 years. There would be no banking or borrowing of these points. You use them during the UY or lose them. This would still add points to the system that otherwise wouldn't be there, but at least it would spread them out a little.

 

[Deano45m]

I own at BLT, so if they extended a year, my contract will expire when I am 93 instead of when I am 92. Thanks, but no.
The only solution I can see that makes any sense is, if the cash resorts end up being underbooked to the extent that they have to close parts of those resorts (has been done before), those are offered to DVC. As Sandisw has said, that's a complex issue, but IMHO, feasible.

Like that really makes a difference your in your nineties either way someone else more than likely will using your points.

 

[Minniesgal]

What if DVC added one year extension to everyone's deed. Would that solve the problem with people losing the use of their 2019 points??
Curious what others think?

Aren't the deed lengths linked to the land lease?

I'm not sure points in 30-50 years time really compensates people losing points now. Not sure I'd care about an extra year at the end of my AKV contract nor my VGF one. Might mean more of I owned BCV or BWV.

 

[lovethesun12]

I would be happy with getting the MF value of my lost points in credits towards tickets.

I was just thinking about that as a solution as well. Everyone who owns DVC travels to Disney so at least they would receive some values for the lost points.

 

[Chuck S]

I was just thinking about that as a solution as well. Everyone who owns DVC travels to Disney so at least they would receive some values for the lost points.

DVC cannot legally convert dues into park tickets. The parks are unlikely to simply donate free tickets, free dining plans, or anything else as compensation to DVC. The money needs to come from somewhere. If they do any sort of free program like that, the money would need to come from DVD Marketing, and if they do something like that, wouldn't it make sense for them only to offer it to direct purchasers? It would be interesting.

 

[EYL]

DVC cannot legally convert dues into park tickets. The parks are unlikely to simply donate free tickets, free dining plans, or anything else as compensation to DVC. The money needs to come from somewhere. If they do any sort of free program like that, the money would need to come from DVD Marketing, and if they do something like that, wouldn't it make sense for them only to offer it to direct purchasers? It would be interesting.

DVD Marketing is the entity who heads up Moonlight Magic, no? Would the cancelled Moonlight Magics be enough money to do any goodwill gestures to those who lost points? Realistically, everything "Disney" has a rack rate, discount rate, employee rate, and a "Disney rate." I'm sure DVC Marketing can get those tickets for pennies on the dollar. Goodwill, introduces people into the parks, and stimulates spending...

 

[jlb727]

I think I saw this suggested by someone else around here, but what about the option of taking lost points and spreading them over a 5-10 year span. So if you were going to lose 100 points, you would get 20 OTU points for 5 years. There would be no banking or borrowing of these points. You use them during the UY or lose them. This would still add points to the system that otherwise wouldn't be there, but at least it would spread them out a little.

That's one of the best ideas I've seen actually. They could give each member the option of how they want to divide them up - over 5 years, 7 years, or 10 years. I think that would work for everyone and minimize the impact on the system.

 

[Chuck S]

It is doubtful DVC Marketing gets anything for pennies on the dollar from the theme parks division. Each division is responsible for their own profitability on their ledgers. If it would've literally been pennies on the dollar, it is likely they would've continued the free park passes that we older purchasers received until the year 2000, as purchase incentives. I mean, imagine, if Marketing could get annual passes for $50. Selling points for $180+, or $18,000 for a 100 point contract, and including 2 annual passes for 10 years, costing them $1,000 total would be a no brainer. If they offered those passes to purchasers for free, the direct points would be selling so fast it would make your head spin.

 

[Sandisw]

Aren't the deed lengths linked to the land lease?

I'm not sure points in 30-50 years time really compensated people losing points now. Not sure I'd care about an extra year at the end of my AKV contract nor my VGF one. Might mean more of I owned BCV or BWV.

Yes. Disney would have to extend for all owners.

 

[lovethesun12]

DVC cannot legally convert dues into park tickets. The parks are unlikely to simply donate free tickets, free dining plans, or anything else as compensation to DVC. The money needs to come from somewhere. If they do any sort of free program like that, the money would need to come from DVD Marketing, and if they do something like that, wouldn't it make sense for them only to offer it to direct purchasers? It would be interesting.

I know DVC cannot do it. Some referred to Disney possibility making a goodwill offering towards DVC members. I'm skeptical as well TBH and not sure how it would work but thought that seemed like it might be a lower cost than converting cash stay rooms.

Anyway I have no idea what will happen but it would be nice for owners to get compensated in some form somehow - even a discount.

Also should add I'm not an owner, so not completely aware of the details of the contract.

 

[Deb & Bill]

I would be happy with getting the MF value of my lost points in credits towards tickets.

A credit on 2021 member fees for only the current year points that were lost, not the banked points. Banked points would have been lost anyway.

I see more of a Buy 100 Riviera or Aulani points by 12/31/20 and get a free week at SSR in a studio. If you buy 200 Riviera or Aulani points, you get a free week in a one bedroom. Plus they would allow you to up grade your stay to Preferred or a larger villa by adding your own points to make up the difference. Or they give you 100 points to be used at seven months out at Riviera or Aulani (one time only) with the purchase.

 

[KingRichard]

DVC cannot legally convert dues into park tickets. The parks are unlikely to simply donate free tickets, free dining plans, or anything else as compensation to DVC. The money needs to come from somewhere. If they do any sort of free program like that, the money would need to come from DVD Marketing, and if they do something like that, wouldn't it make sense for them only to offer it to direct purchasers? It would be interesting.

Didn't they already offer free dining for those that got canceled?

 

[Deb & Bill]

Didn't they already offer free dining for those that got canceled?

Those were cash stays only. Not DVC points stays. However, if your DVC points stay got cancelled, you could book this deal for cash, not points.

 

[Donna M]

It wouldn't help me since I'd be too old to appreciate it.

 

[FreeTime]

After many weeks of reading thread after thread on this, and having expressed my opinion early on with some disgruntled responses, I feel the need to express it again. The speculation does nothing but work everyone up. The same suggestions are in thread after thread. I still have the stance that we need to take accountability ourselves.

We knew the risks when we purchased. Whether a family is out hundreds or thousands of dollars in dues, each family knew the risks when they purchased.

I have points that will be lost. But I do not think I should be compensated via cash, perk, points, etc. DVC needs to follow the agreement that I signed and they signed. No changes to the rules. Rule changes have the potential to negatively impact the system through unnecessary stress for years to come.

We should all feel fortunate that we have had / will have countless Disney vacations and not feel entitled to what is perceived as a loss, when contractually there isn’t a loss. There are so many more things of value to worry about than a few thousand dollars in loss. Truly, how many of us, if we hadn’t paid dues, would have spent that money on something else? Let it go. Be grateful that you have your health, can hopefully keep your job or get one back soon, have food, etc.

 

[tjm236]

DVC needs to follow the agreement that I signed and they signed. No changes to the rules. Rule changes have the potential to negatively impact the system through unnecessary stress for years to come.

I agree in the short term (i.e. no changing rules until they know what they're dealing with). The problem is that they've already made changes. Unfortunately, DVCM can change the rules and still be following the agreement that we signed.

 

[mustinjourney]

I saw another posting elsewhere that said they talked to a higher up and that any solution has to involve something related to real estate as this is a real estate issue,

So it does not appear things like tickets, etc, would be a legal way around this,

I'll take a fractional ownership in Cindy's castle.

 

[mustinjourney]

I think I saw this suggested by someone else around here, but what about the option of taking lost points and spreading them over a 5-10 year span. So if you were going to lose 100 points, you would get 20 OTU points for 5 years. There would be no banking or borrowing of these points. You use them during the UY or lose them. This would still add points to the system that otherwise wouldn't be there, but at least it would spread them out a little.

while this sounds ok, what about the people that were going to be selling their contract after their next trip? Those extra points for the next 5 years does nothing for them. I suppose you could somehow tie their resale contract with the extra points -- but they're not going to get a good perceived value out of those points...nevermind the hassle of it all.

 

[mustinjourney]

That's one of the best ideas I've seen actually. They could give each member the option of how they want to divide them up - over 5 years, 7 years, or 10 years. I think that would work for everyone and minimize the impact on the system.

I'm not fond of this idea -- mainly b/c it doesn't give me the correct future value. I'd rather have my trip reinstated in the next year than get an extra night or so for the next 7 years (plus what happens if I sell my contract? I'm never made whole).

Personally, I think the most logical and equitable solution is to give discounts for the Disney collection hotel bookings. Instead of paying 25 points a night for a moderate (I don't know what the number is, but it's insane) -- drop it down to something reasonable (12?). They'll have plenty of inventory on the hotel side for the next year. It's a win-win since it will increase park attendance and improve efficiencies with increased hotel occupancy.

How Disney does the accounting between DVD/DVC and WDW resorts is something above my paygrade -- but I'm sure it's doable. I would imagine that is all internal accounting.