History of DVC?

CapeCodFam

DIS Veteran
Joined
Oct 1, 2003
Messages
792
Hi,

We went to Disney 3 times before deciding to buy at BWV. In the last three years, we've done the Q+A at various DVC kiosks. I don't recall what resorts they were selling each time. Although, I do remember wanting to join each time!

Anyone know in which order each resort went on sale? It would also be interesting to know how long it took for each to sell out.

WDW is a powerful experience. We even enjoy all of the anticipation that leads up to each visit.
 
Here's a chart I downloaded some time ago, I unfortunately have not kept it up. Maybe someone can fill in the end

Pre-Construction - $48(? pt. minimum)
Oct. 7, 1991 - OKW Opens $51
Dec. '91 - $51
Jan. '92 -$51 (230 pt. minimum)
Feb. '92 - $51
July-Aug. '92 - $54.50
11/1/92 - Official date raised to $56
May '93 - $56 (190 pt. minimum)
July '93 - $57.50
Jan. '94 - $57.50 (190 pt. minimum)
March '94 - Announce Newport, CA plans
April '94 - $59 Increase in June announced
6/15/94 - Official date raised to $60.50
Nov. '94 -Approx. date raised to $61.50
7/1/95 - Official date raised to $62.75 October '95 - Vero Opens
March '96 - HHI Opens
May '96 - $62.75
July '96 - BWV Opens
May '97 - $62.75 (150 pt. minimum)
May '98 - $62.75
1998 - OKW Sells-out
1998 - Announce WLV
Jan. '99 - $65
Oct. '99 - $65 (notice of OKW selling out)
Mid-May 2000 - Official date to $67
June 2000 - $67
Nov. 2000 - WLV Opens (sales start Dec.)
Mid-Jan. 2001 - Official date raised to $72
March 2001 an increase to $75 announced for June
March? 2002 – Begin sales of BCV
June 2002 -- $80 per point
Dec 1, 2002 -- $84 per point (announced early Oct.)

Sandy
 
Point Cost History (compiled with input from DIS Board posters)
Pre-Construction - $48(? pt. minimum)
Oct. 7, 1991 - OKW Opens $51
Dec. '91 - $51
Jan. '92 -$51 (230 pt. minimum)
Feb. '92 - $51
July-Aug. '92 - $54.50
11/1/92 - Official date raised to $56
May '93 - $56 (210 pt. minimum)
July '93 - $57.50
Jan. '94 - $57.50 (190 pt. minimum)
April '94 - $59 Increase in June announced
6/15/94 - Official date raised to $60.50
Nov. '94 -Approx. date raised to $61.50
7/1/95 - Official date raised to $62.75 October '95 - Vero Opens
March '96 - HHI Opens
May '96 - $62.75
July '96 - BWV Opens
May '97 - $62.75 (150 pt. minimum)
May '98 - $62.75
1998 - OKW Sells-out
1998 - Announce WLV
Jan. '99 - $65
Oct. '99 - $65 (notice of OKW selling out)
Mid-May 2000 - Official date to $67
June 2000 - $67
Nov. 2000 - WLV Opens (sales start Dec.)
Mid-Jan. 2001 - Official date raised to $72
March 2001 an increase to $75 announced for June
March? 2002 Begin sales of BCV
June 2002 -- $80 per point
Dec 1, 2002 -- $84 per point (announced early Oct.)
August 4, 2003 – Begin sales of SSR at $89 per point ($10 back)
March 2004- price increase annouced to $95 after April 2004
May 2004-SSR opens
 
What we find interesting is that it took 10 years (1992-2002) for the price to go up $20. Then since we joined in 2002, it's taken about 2 years to go up another $20 (per point). I guess that's a good thing for our investment, although we never looked at our purchase as an investment. But such a quick increase lately!
 

Thank you for the replies!!!

I had no idea that DVC had been around since '91. Looks the buildout was OKW, BWV, WLV, BCV, and now SSR.
 
The original buyers at OKW in the early 90's even got free park passes to boot, a feature which was phased out and I think ended December 31, 1999.

We looked at DVC in 1997. I wished we purchased then, but at the time I was paying for both a 4-year old and an 11-month old in daycare at $12,000 a year. Heck, I could have paid for DVC in a couple of years with that money.:earsboy:

I remember Beach Club Villas opened on July 1, 2002. I had my family there on July 6th.
 
Originally posted by CapeCodFam
Thank you for the replies!!!

I had no idea that DVC had been around since '91. Looks the buildout was OKW, BWV, WLV, BCV, and now SSR.

You're missing two resorts. ;) When it opened -- OKW was called "Disney Vacation Club". Next, they opened a resort at Vero Beach followed quickly by Hilton Head Island. Next, up was Boardwalk Villa. With two resorts at WDW, they renamed "Disney Vacation Club" as "Old Key West". The rest of your order is correct -- VWL, BCV and SSR. They did announce a resort at the Eagle Pine Golf Course prior to deciding to build SSR on the old DI property. That resort may still come to pass.
 
And don't forget the "Future History" of the DVC. Unsubstantiated rumors of the Villas at Contemporary Resort, and, of course, the Villas at Mars Outpost! ;) ;) ;)
 
Originally posted by PamOKW
You're missing two resorts. ;) When it opened -- OKW was called "Disney Vacation Club". Next, they opened a resort at Vero Beach followed quickly by Hilton Head Island. Next, up was Boardwalk Villa. With two resorts at WDW, they renamed "Disney Vacation Club" as "Old Key West". The rest of your order is correct -- VWL, BCV and SSR. They did announce a resort at the Eagle Pine Golf Course prior to deciding to build SSR on the old DI property. That resort may still come to pass.
I think the OP was focusing on just WDW DVC resorts, but your post brought up an interesting piece of trivia. OKW was orginally opened and named the "Disney Vacation Club" resort and then 2 offsite resorts were built as part of the "Disney Vacation Club" but with different names. During all this time OKW still retained it's name of the "Disney Vacation Club" resort. It was not until BWV opened that the name was changed to OKW. Interesting. I would love to know Disney's thinking on this one. Did they not anticipate the whole DVC concept taking off? Did they think the venue to go with would be only 1 DVC resort on WDW property with the rest offsite, to offer members more varied options? If this was the orginal thinking did the slower than expected selling of VB and HHI resorts make Disney rethink their orginal concept? Did the interest in a park location DVC resort prompt the change of plans? Did the success of a park location DVC resort cause the rapid succession of 2 more very similiar DVC resorts be built? Was the indefinite postponement of EP and the subsequent SSR's design, which combines aspects of both OKW and the park DVC resorts, a result of sales trends/consumer desires, etc. ??? Very thought provoking and potentially speculating fact.
 
Actually OKW was named Conch Flats.

I have an old DVC coin, one side is the same DVC logo and DISNEY VACATION CLUB. The other side has CONCH FLATS DISNEY 1991 in the middle, around the rim:
PRO BONO PERSONA VENI VIDI VENI AD INFINITUM CARPE DIEM OMNI DIEM

Any one has translation for the first Latin phrase? I can guest the other two.
 
Originally posted by PinkConch
Actually OKW was named Conch Flats.


The resort was called "Disney Vacation Club". You got on buses that said "Disney Vacation Club" and you made reservations at "Disney Vacation Club". Conch Flats was the "theme" name, if you will. Once at the resort they made you feel you were a resident of "Conch Flats". When they decided that Disney Vacation Club would be too confusing once there were more DVC's at WDW, they had a search for a new name. They came up with OKW. To this day, our paperwork (budgets, dues, etc.) still say only "Disney Vacation Club at Walt Disney World Resort". I think the name change was mostly to avoid confusion. If the official name of every resort was "Disney Vacation Club"; "Disney Vacation Club at Boardwalk"; "Disney Vacation Club at Beach Club", etc. I'm sure they'd have guests getting on wrong buses, etc. all the time. They still have some problems with "Beach Club" and "Caribbean Beach".

Dee, I don't know all the answers to your questions for sure. The thought of "other" resorts that would be able to book at WDW was a bit ominous when we signed the original paperwork. I think a lot of us were concerned with people who would purchase at these unknown outside resorts and take up rooms at WDW. In the end, it has all worked out quite well.

I think the idea was probably to build a network of resorts outside of WDW since the first three they considered were Newport, CA, Vero Beach, FL and Hilton Head, SC. (Newport was dropped and eventually sold to Marriott). My guess is that at some point, Disney realized this would entail having to go full-time into the timeshare and resort business. It's one thing to run resorts at your own theme park, it's another to compete in the outside world of resorts and timeshares. They couldn't just market to Disney families, they would need large scale marketing plans to go after people who would come to the resorts regardless of whether they had any interest in Disney. This would have been expensive and actually a new business for Disney. Instead, they built a network with existing companies and hoteliers to give DVC members outside experiences without having to get into the business themselves.

They also realized they could get guests to help build resorts at WDW. OKW went over so well, they went ahead with BWV. I don't know if you remember, but the Boardwalk area was vacant for a very long time with a big wooden wall saying something like "Boardwalk Opening "19XX" and nothing would happen. At one point they talked about making it a real amusement center with ferris wheels, etc. Finally, the idea for the Boardwalk resort jelled. I think it was a wonderful addition. I guess it also proved how profitable the DVC was for Disney and now they continue to build DVC resorts at WDW. I think it's a win for members as well since now you can have a variety of DVC resorts at WDW to try without having to pay the expensive point premium to stay in a regular hotel rooms around the "World".

I'd love to see more outside DVC resorts but, unless Disney makes the commitment to enter the resort business, I don't think it will happen.
 
Interesting. I would love to know Disney's thinking on this one. Did they not anticipate the whole DVC concept taking off? Did they think the venue to go with would be only 1 DVC resort on WDW property with the rest offsite, to offer members more varied options? If this was the orginal thinking did the slower than expected selling of VB and HHI resorts make Disney rethink their orginal concept? Did the interest in a park location DVC resort prompt the change of plans? Did the success of a park location DVC resort cause the rapid succession of 2 more very similiar DVC resorts be built? Was the indefinite postponement of EP and the subsequent SSR's design, which combines aspects of both OKW and the park DVC resorts, a result of sales trends/consumer desires, etc. ??? Very thought provoking and potentially speculating fact.
Very interesting questions, Dee. I am sure they were asked by the powers that be also.


). My guess is that at some point, Disney realized this would entail having to go full-time into the timeshare and resort business. It's one thing to run resorts at your own theme park, it's another to compete in the outside world of resorts and timeshares. They couldn't just market to Disney families, they would need large scale marketing plans to go after people who would come to the resorts regardless of whether they had any interest in Disney. This would have been expensive and actually a new business for Disney. Instead, they built a network with existing companies and hoteliers to give DVC members outside experiences without having to get into the business themselves.
I am sure that is correct, Pam. I think that is why they started attaching DVC resorts to hotels. I think another thing is that people traveling to WDW don't vacation in the same way that folks do to other timeshares. That is why DVC is different.
 
Actually OKW was named Conch Flats.

I have an old DVC coin, one side is the same DVC logo and DISNEY VACATION CLUB. The other side has CONCH FLATS DISNEY 1991 in the middle, around the rim:
PRO BONO PERSONA VENI VIDI VENI AD INFINITUM CARPE DIEM OMNI DIEM

Any one has translation for the first Latin phrase? I can guest the other two.
I'm guessing:
  • PRO BONO PERSONA: For the good person (?)
  • VENI VIDI VENI AD INFINITUM: I came; I saw; I came again and again and again (endless infinity)
  • CARPE DIEM OMNI DIEM: Seize the day, everyday
2017 Related story on how we can 'earn' a pin with the same: https://disneyparks.disney.go.com/b...h-flats-among-special-tours-engaging-members/
 
I'm guessing:
  • PRO BONO PERSONA: For the good person (?)
  • VENI VIDI VENI AD INFINITUM: I came; I saw; I came again and again and again (endless infinity)
  • CARPE DIEM OMNI DIEM: Seize the day, everyday
2017 Related story on how we can 'earn' a pin with the same: https://disneyparks.disney.go.com/b...h-flats-among-special-tours-engaging-members/

I'm guessing since Pink Conch posted this 13 years ago and hasn't been on the DISboards in 4 years they may not see this. :scratchin
 
I'm guessing since Pink Conch posted this 13 years ago and hasn't been on the DISboards in 4 years they may not see this. :scratchin
I don't care. I was using the question as a hook for the linked article to a recent blog.
 
The current OKW was and is still titled as The Disney Vacation Club on my deeds, Conch Flats was and still is the name of the store at the HH area. OKW was never titled as Conch Flats.
 
Here are some WONDERFUL videos on the history of DVC.

- Promotional Video

- how to complete your order

I am impressed by all the physical information Disney provided. It saddens me that I never received this book or any physical documentation and packets. I did receive that key at one point.

Besides the more affordable prices, the free theme park tickets, the thing that stuck out to me was the fact that Disney used to pay for the title insurance.
 
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The original buyers at OKW in the early 90's even got free park passes to boot, a feature which was phased out and I think ended December 31, 1999.
Yes, the park passes were a wonderful perk. They didn’t include AK. That is when we finally decided to purchase.

Our first Welcome Home trip was in May 1992 in a two-bedroom unit on Old Turtle Pond Road, right behind the bus shelter. They were still building the resort at that point; only one side of that section was completed.
 
Here are some WONDERFUL videos on the history of DVC.

- Promotional Video

- how to complete your order

I am impressed by all the physical information Disney provided. It saddens me that I never received this book or any physical documentation and packets. I did receive that key at one point.

Besides the more affordable prices, the free theme park tickets, the thing that stuck out to me was the fact that Disney used to pay for the title insurance.
We still have our big loose leaf DVC binder with the basic information in it, although I’m sorry that every year when the new points charts arrived I’d toss the old ones, so I’ve lost that history.

When we bought in 1997, DVD paid all closing costs. I have no idea whether title insurance was included or not. We weren’t eligible for free theme park tickets - that incentive had ended. And minimum buy in for new members was I think 160 points, although it had been 230 when we first toured in 1994. BTW the $62.50 we paid after incentives is roughly equal to $118 today.
 
When we bought in 1997, DVD paid all closing costs. I have no idea whether title insurance was included or not. We weren’t eligible for free theme park tickets - that incentive had ended. And minimum buy in for new members was I think 160 points, although it had been 230 when we first toured in 1994. BTW the $62.50 we paid after incentives is roughly equal to $118 today.
We bought in late 1993 at DVC/OKW, when the minimum had dropped to 190 - that was the final piece that sold it for us, since it reduced the overall price quite a bit. We did enjoy those free theme park tickets (MK/EP/MGM-HS) for several years! Very nice perk - a free ticket for each day for half the number of people as the room could sleep. That saved a few bucks in the early years!!
 



















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