Disney would rather have people thinking about renting be over cautious though.
I think the language floated today that suggests routinely renting a significant percentage of your dues every year could put you in the crosshairs. My guess is that renting 5000 points a year is definitely going to be a problem whether they cutoff at 1000, 500, or 250 is probably going to depend on a variety of factors and most especially how well they are moving their own hotel inventory.
I agree and I think it will be easier for them to cancel spec rentals after a member has said it’s for personal use at 11mo mark and then rents it out changing names several weeks later.
I think Disney is giving a final warning to people who ignored the personal use and prohibition on commercial use with this box.
One potential option for Disney is to contact the renter (you have to put in name and email) either at booking or perhaps at the time they link the reservation in
MDE/DL app, and let them know that it’s been flagged as a commercial rental and cancelled. Doing it around the 60 day mark (or better for Disney, the 29 day mark) would still get a lot of outraged guests warning everybody else but spare the drama of guest showing up with nowhere to stay.
I actually fear it is the opposite. I think there are a lot of people here afraid of being commercial renters who rent less than 20% of their points a couple years a decade, then there are other people who are confident they aren’t commercial renters because they “only rent enough to cover all of their dues and trip costs” each year.
If you mean all the points I would absolutely tell you to be concerned. If you mean you might have 10% of your points to rent every other year, it’s less of a concern…nobody knows at this point but I think it would be risky to buy with the expectation of renting more than 10% of your points right now.
Could not agree with you more. Stopping spec rentals wouldn’t fix all the frustrations with the system, but it absolutely would ensure that the most desirable rooms on the most desirable dates are going to actual DVC members who made a long term commitment to the DVC program and not the corporations with the fastest software.
I don’t believe that “casual” renters will be spared if it’s a large chunk of their contracts, but otherwise agree that’s how I would expect the market to be impacted.
I don’t think we’ve seen much dumping of BWV/AKV/BCV/CCV— so maybe we only get ripples at some resorts but I’d expect significant movement at others.
I think Disney could be looking at data for reservations and stays prior to 6/1, but would not expect them to be cancelling reservations made before the changes yesterday.
This is why I think it makes sense for Disney to contact them at the 60/30/7 day mark. You still have time to figure out plan B, but you’re in a real bind thanks to trying to rent from a commercial renter.
do the commercial renters get insurance coverage or would they be taking the massive losses if somebody shows up with no room?
I quit FB but would almost consider reactivating for this…