May 2022 Direct Sales drop

[rubybutt]

I disagree. I don't think you can compare DLT to any of the WDW resorts... look at the current pricing. VGC is already a $100 more than any other WDW resort - even on the resale market. And it's impossible to get at 7 months so resale contracts are scooped up pretty quickly. IMO, DLT can have all the restrictions and a $300pp price tag and it'll still sell...

I think you need to revisit VGC sales numbers. The prices are starting to drop. No way they price it at $300

 

[Sandisw]

I think you need to revisit VGC sales numbers. The prices are starting to drop. No way they price it at $300

Agree. People thought for sure VGF would come back much higher and it didn’t.

DVD needs to price things similar for resorts in active sales and while it’s a different location, people aren’t going to pay that much more simply for 11 month advantage and this will be much larger resort than VGC.

 

[wnielsen1]

Agree. People thought for sure VGF would come back much higher and it didn’t.

DVD needs to price things similar for resorts in active sales and while it’s a different location, people aren’t going to pay that much more simply for 11 month advantage and this will be much larger resort than VGC.

Yep, they'll price according to the other on-sale resorts and get whatever ROI they need through the points chart.

 

[hglenn]

I think you need to revisit VGC sales numbers. The prices are starting to drop. No way they price it at $300

They may be - but based on the ROFR page, VGC has been selling for $270+ on the resale market - one listed over $300. I've not stayed there but just based on what I hear about the availability of resale contracts and the 7 month booking window (practically non-existent) , it just seems like it's a hot take.... I mean, I hope you're right!

 

[Royal Consort]

They may be - but based on the ROFR page, VGC has been selling for $270+ on the resale market - one listed over $300. I've not stayed there but just based on what I hear about the availability of resale contracts and the 7 month booking window (practically non-existent) , it just seems like it's a hot take.... I mean, I hope you're right!

The market for VGC is quirky for a number of reasons. Sure, it is the only DVC property at DL but its also a very small DVC property. It's the flagship hotel with a number of amenities. Because it's so small there's low inventory generally. Because there are fewer contracts available and fewer points in the association, it's the flagship, and the cash rate is so high, VGC is very popular with select resale buyers. Only people who are wanting VGC will be paying the resale price specifically for VGC. VDH will not be anything like VGC: larger, lacking the same amenities, lack of balconies and views, and a pretty standard condo tower. It will have to be priced in an appealing way to move. VGC is just one of those quirky things.

 

[HIRyeDVC]

The market for VGC is quirky for a number of reasons. Sure, it is the only DVC property at DL but its also a very small DVC property. It's the flagship hotel with a number of amenities. Because it's so small there's low inventory generally. Because there are fewer contracts available and fewer points in the association, it's the flagship, and the cash rate is so high, VGC is very popular with select resale buyers. Only people who are wanting VGC will be paying the resale price specifically for VGC. VDH will not be anything like VGC: larger, lacking the same amenities, lack of balconies and views, and a pretty standard condo tower. It will have to be priced in an appealing way to move. VGC is just one of those quirky things.

Can you imagine if Disney converts another wing at Grand Cal and introduce 200 new studios like they just did at VGF? What that would do to the current VGC resale value? I shudder at the thought….

 

[UrsulaWantsYourSoul]

Can you imagine if Disney converts another wing at Grand Cal and introduce 200 new studios like they just did at VGF? What that would do to the current VGC resale value? I shudder at the thought….

That would be awesome. Though unlikely considering that the occupancy of the hotel side is always high with crazy rates. With Grand Flo they had tons of unused or discounted rooms so it made more sense to convert.

 

[Royal Consort]

Can you imagine if Disney converts another wing at Grand Cal and introduce 200 new studios like they just did at VGF? What that would do to the current VGC resale value? I shudder at the thought….

Thankfully Californian timeshare laws are stricter than Florida making hotel conversions more challenging. But the Grand Californian Hotel is one of the company's most successful so no need to convert in the first place.

 

[Royal Consort]

That would be awesome. Though unlikely considering that the occupancy of the hotel side is always high with crazy rates. With Grand Flo they had tons of unused or discounted rooms so it made more sense to convert.

No, no it would not be awesome!

 

[UrsulaWantsYourSoul]

If they added the rest of that wing it would add 195 "resort studios". I really doubt they would. I like it being as small as it is and being part of something super hard to get into and awesome but that still wouldn't be too huge. With the new Disneyland Hotel Tower coming though - more doubt to it happening.