Re: Hawaii DVC property.
To add to the ongoing Hawaiian tourism weakness previously mentioned -- which has led to Disney completely stopping the construction of the Hawaii resort - the location Disney found for it isn't prime beach space by any definition. The Ko Olina location (shown below) is dry and windy, not the proptypical lush stereotype people think of when they think Hawaii. Also, as the massive, bulky-looking Marriott in the picture shows, the DVC resort would directly next to it, crowded in with other planned major high-rise resorts. That isn't the Disney MO, they like their Tiffany properties to either be stand-alone on their park sites or (think Vero, HH) lone diamonds unspoiled by nearby clutter.