How long has it been to rent points @ $10 per point
- Thread starter drakethib
- Start date
Johnnie Fedora
My cup is not 1/2 full or 1/2 empty, it's just 50%
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- Jul 4, 2001
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- 1,615
drakethib said:
Probably several years to long. Rental rates should be really be compared to the rack rate for an equivalent stay through Disney (including taxes), and not necessarily a strict per point price. Then a hefty discount could be applied. There should also be higher rental rates ($13+) for VWL at Xmas or BWV/BCV during F&W, etc. In some rental situlations, a $10 point price equates to a 60% discount!! Very charitable!!
Maybe to many DVCers just don't value their "home away from home" like Disney does.
sjdisneywedding
DIS Veteran
- Joined
- Feb 13, 2004
- Messages
- 1,307
I have recently been seeing a few members renting for $11 per point, hopefully others will realize the points will still sell at 11 EASILY and maybe they will follow suit.
/
salvatorejrm
Mouseketeer
- Joined
- Feb 23, 2004
- Messages
- 192
I am renting points now at $11 this will be the last time for that. $12 - $13 is much more appropriate. The people on the rent / trade board just need to be patient when renting points people will easily pay the higher rates its still way cheaper than the rack rate.
I would love to see the price per point get to that for the sake of all those that rent points I had no idea there was a whole world of people on here that did this I am really glad I have found this plce but not for 10 a point.
Johnnie Fedora said:Probably several years to long. Rental rates should be really be compared to the rack rate for an equivalent stay through Disney (including taxes), and not necessarily a strict per point price. Then a hefty discount could be applied. There should also be higher rental rates ($13+) for VWL at Xmas or BWV/BCV during F&W, etc. In some rental situlations, a $10 point price equates to a 60% discount!! Very charitable!!
Maybe to many DVCers just don't value their "home away from home" like Disney does.
I agree with this methodology-I just completed my first rental transaction. mine were locked into the disney resort collection and had an expiration date so when I was looking at how much to rent them for I did comparisons on each offer made to me to the rack rate for the period-BUT I was also in a situation where failing to rent them out would have just been lost points to me. so I also took into consideration what it would have cost the buyer (at the rigning 10 per point rate) if they rented from another member for one of the vacation club locations (which have a much lower point cost than the resorts). The buyer ended up with a great rate for their resort stay-and I ended up with one buyer for the whole lot at a price I could live with.
I have to say though-at the current rising value of points it might be tempting to sell your time for a couple of years worth and pay off a car note!
A couple comments:
1. As is the case with many things in a free enterprise society, those who go above-and-beyond to market their product will likely be able to charge more than those who do not. I'm sure there are many people who have been getting over $10 per point for years. It's mostly a question of how creative you want to be.
2. With regard to comments that the $10 fee is grossly inappropriate...sometimes yes, sometimes no. For exclusively weekday stays, that is absolutely true. But when you factor in weekends, the total points at $10 each often come very close to cash rates. I'm not trying to imply that this is justification for renting at $10, but it is something to consider.
There was a memorable post from someone who wanted to stay in a 2B at the Wilderness Lodge over a year ago. The stay was set to commence in February, just before the cash calendar moved from Value to Regular season. As many of you know, if you check-in during Value season, every night of that stay is charged at Value season rates.
He had initially booked a room through CRO. But, during a follow-up call, a Disney CM at CRO actually recommended that he rent points instead of paying cash, telling the guest that he would save "a lot of money." Without investigating the details, the guest cancelled the cash trip and started investigating rentals.
Needless to say, between the calendar going from Dream to Magic season and the fact that he had at least one full weekend in the stay, renting at $10 per point was going to cost him $500 MORE than the cash rate he had previously secured. By the time he realized this, either there were no rooms available via CRO or he had lost cash discounts previously applied to the room.
Again, not trying to use this as justification for the $10 rate, rather to illustrate that renting points isn't always a "slam dunk" proposition for EVERY Disney vacation...particularly at a higher price point.
1. As is the case with many things in a free enterprise society, those who go above-and-beyond to market their product will likely be able to charge more than those who do not. I'm sure there are many people who have been getting over $10 per point for years. It's mostly a question of how creative you want to be.
2. With regard to comments that the $10 fee is grossly inappropriate...sometimes yes, sometimes no. For exclusively weekday stays, that is absolutely true. But when you factor in weekends, the total points at $10 each often come very close to cash rates. I'm not trying to imply that this is justification for renting at $10, but it is something to consider.
There was a memorable post from someone who wanted to stay in a 2B at the Wilderness Lodge over a year ago. The stay was set to commence in February, just before the cash calendar moved from Value to Regular season. As many of you know, if you check-in during Value season, every night of that stay is charged at Value season rates.
He had initially booked a room through CRO. But, during a follow-up call, a Disney CM at CRO actually recommended that he rent points instead of paying cash, telling the guest that he would save "a lot of money." Without investigating the details, the guest cancelled the cash trip and started investigating rentals.
Needless to say, between the calendar going from Dream to Magic season and the fact that he had at least one full weekend in the stay, renting at $10 per point was going to cost him $500 MORE than the cash rate he had previously secured. By the time he realized this, either there were no rooms available via CRO or he had lost cash discounts previously applied to the room.
Again, not trying to use this as justification for the $10 rate, rather to illustrate that renting points isn't always a "slam dunk" proposition for EVERY Disney vacation...particularly at a higher price point.
It has certainly been sitting on or around $10 per point for a long time, but then the discounted room rates for Disney hotels has been pretty static for the last 4 or 5 years as well ( mostly due to the 9/11 effect of slowing down the tourism market). With Disney's aggressive advertising for this years 50th birthday celebrations and the scramble over the AP codes (which seem to be less generous this year and harder to come by) I think the price for hotel rooms from Disney (which should be the engine that drives the price on point rentals) is going to be significantly higher this year than it has been for some considerable time. If those discounts and codes are not available to the general public the information on point rental availablity and the savings it can offer is going to spread pretty quickly through sites like this one and I think you're likely to see a lot more action taking up points at $10,11 or 12 per point.
IMHO the price has kept relatively stable because the room rate from Disney has kept a lid on the price inflation, as Disney raises their prices more people are going to realise what a good deal point rentals are, particularly as there is no tax to pay on the deal. The tax alone on a $250 a night room is close to $30 a night.
I also think that if a lot more people were aware of quite how nice a resort OKW is, it's lower points cost would drive a huge amount of business to the points rental boards. The perception seems to be that it's something in the range of a moderate (or lower) , if more people were aware what a one bedroom unit offers, how nice a resort OKW is and that you can get one from about $150 a night I think people would be flocking to use the point rental system. As that ignorance slowly gets eroded I think many more people will see what a good deal can be had. If deals through Disney become harder to get, IMHO more of the general public are going to take the chance on a points rental to see what that can afford them.
I think one of the biggest problems is that people in America seem to think that if there is something that is a REAL bargain, there must be something wrong, tainted or dodgy with the deal. I've noticed this since starting work in the USA, if you offer someone a truly great deal, they are almost scared to take it up because they expect the only time someone offers you an unbelievable deal is when they are trying to con you. Even if you explain ( and they understand) why you're saving them 50% on their Disney hotel bills ( or in my case giving away free vacations) people think there is a catch and if they can't see the catch it panics them.
IMHO the price has kept relatively stable because the room rate from Disney has kept a lid on the price inflation, as Disney raises their prices more people are going to realise what a good deal point rentals are, particularly as there is no tax to pay on the deal. The tax alone on a $250 a night room is close to $30 a night.
I also think that if a lot more people were aware of quite how nice a resort OKW is, it's lower points cost would drive a huge amount of business to the points rental boards. The perception seems to be that it's something in the range of a moderate (or lower) , if more people were aware what a one bedroom unit offers, how nice a resort OKW is and that you can get one from about $150 a night I think people would be flocking to use the point rental system. As that ignorance slowly gets eroded I think many more people will see what a good deal can be had. If deals through Disney become harder to get, IMHO more of the general public are going to take the chance on a points rental to see what that can afford them.
I think one of the biggest problems is that people in America seem to think that if there is something that is a REAL bargain, there must be something wrong, tainted or dodgy with the deal. I've noticed this since starting work in the USA, if you offer someone a truly great deal, they are almost scared to take it up because they expect the only time someone offers you an unbelievable deal is when they are trying to con you. Even if you explain ( and they understand) why you're saving them 50% on their Disney hotel bills ( or in my case giving away free vacations) people think there is a catch and if they can't see the catch it panics them.
d-r
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I think that Vernon is absolutely right.
It always seemed like this to me. Someone has to be pretty "informed" about disney vacations to find their way to the rental board and know to rent dvc points - if someone has figured that out, they have figued out how to use codes to get a discounted room. So the comparison to costs shouldn't be to rack rates, it should be what the discounted rates are. It just doens't make sense to compare to rack rates. DVC rental has some down sides - the trust issue, maid service could be an issue for some, higher weekend costs - and some upsides that have been posted here (no tax, etc.). But I do think that more people are traveling now and that there are fewer discounted rooms at wdw, so that should impact the rates that people are willing to pay for rental, it is all supply and demand. Basically, I think that - although rack rates have went up the past few years - people have been paying basically the same over the past few years for discounted rooms. Likewise, the rental rate has stayed basically the same over the past few years. What drives it is availability of rooms at WDW - if there are a lot available, disney will have a lot of discounts, and renting will be less attractive. We all bought dvc for the long term, and we figured those discounts wouldn't last forever when people started traveling again, and that seems to be what is happening.
It always seemed like this to me. Someone has to be pretty "informed" about disney vacations to find their way to the rental board and know to rent dvc points - if someone has figured that out, they have figued out how to use codes to get a discounted room. So the comparison to costs shouldn't be to rack rates, it should be what the discounted rates are. It just doens't make sense to compare to rack rates. DVC rental has some down sides - the trust issue, maid service could be an issue for some, higher weekend costs - and some upsides that have been posted here (no tax, etc.). But I do think that more people are traveling now and that there are fewer discounted rooms at wdw, so that should impact the rates that people are willing to pay for rental, it is all supply and demand. Basically, I think that - although rack rates have went up the past few years - people have been paying basically the same over the past few years for discounted rooms. Likewise, the rental rate has stayed basically the same over the past few years. What drives it is availability of rooms at WDW - if there are a lot available, disney will have a lot of discounts, and renting will be less attractive. We all bought dvc for the long term, and we figured those discounts wouldn't last forever when people started traveling again, and that seems to be what is happening.
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