No availability?? Huh?????

[disneynutz]

Both vwl and vb both told me this week that they have been between 60-65% capacity for just about the entire season. I understand all the DVC rules, but if resorts are reverting to the cash side and are not being rented then why would ms not pull them back?

I have had some CM's volunteer to check, other say that nothings available, others that didn't know anything about the policy.

Bill

 

[Chuck S]

They can only pull back rooms that were turned over to cash as part of breakage inventory. As popular as Jersey Week and F&W are, it is unlikely IMO that there is much breakage inventory, if any. Cash DVC reservations are more likely those resulting from Disney Collection trades/cruises or are inventory represented by unsold points still owned by Disney/DVC.

 

[disneynutz]

They can only pull back rooms that were turned over to cash as part of breakage inventory. As popular as Jersey Week and F&W are, it is unlikely IMO that there is much breakage inventory, if any. Cash DVC reservations are more likely those resulting from Disney Collection trades/cruises or are inventory represented by unsold points still owned by Disney/DVC.

I don't see where there is a breakage percentage mentioned in the Home Resort Rules and Regulations. Where did we get the 2% or 3% that is often posted?

Bill

 

[Brian Noble]

As I understand it, the 2-3% is the maintenance buffer---the points Disney holds in reserve to account for rooms taken out of service for repair or refurbishment.

Breakage inventory is backed by the points that Members allow to expire without using in any way. I don't think DVCMC has ever reported the breakage rate. I suspect it is larger than most think.

 

[disneynutz]

As I understand it, the 2-3% is the maintenance buffer---the points Disney holds in reserve to account for rooms taken out of service for repair or refurbishment.

Breakage inventory is backed by the points that Members allow to expire without using in any way. I don't think DVCMC has ever reported the breakage rate. I suspect it is larger than most think.

So best guess is that 2%-3% could be used for maintenance but they may release them for a cash reservation.

What happens to empty rooms, are they released for cash and how or when are they pulled back for Members?

On more than one occasion we have received what the Advisor calls Disney Magic when they found availability where none existed even at CL.

Bill

 

[Chuck S]

Breakage Inventory comes from rooms designated for use by DVCes that are not reserved by members at 60 days out. These are the only rooms that can be recalled by member services for use by DVCers. Other cash rooms come from either Member Trades into the Disney Collection, cruises, adventures by Disney, etc. These can not be recalled, as technically they are already reserved on points by the members that traded them out and they need to generate income for DVC to offset the cost of the trade destination. Other cash reservations come from the 2% to 3% retained mainenance ownership, unsold points in declared inventory, and any undeclared inventory that a resort may have.

Unless there is unreserved DVC Member inventory at 60 days, there can't be Breakage Inventory to recall.

 

[nyck]

We arecoming back from a cruise Nov 10 and the only resorts available in June when I booked were Saratoga and Animal Kingdom, so I am not surprised that now there is nothing. The 1/2 marathon, holiday, and end of F&W is the causes I am sure

 

[CarolMN]

.....(snip).........Breakage inventory is backed by the points that Members allow to expire without using in any way. I don't think DVCMC has ever reported the breakage rate. I suspect it is larger than most think.

While we may not know the breakage rate, we do know quite a bit about the dollar amount of the Breakage Income.

There is a line in each resort's annual budgets entitled "Breakage Income". Under the "Description of Annual Operating Budget Components, it says the following for Breakage Income:

As stated in the Condominium Documents, Disney Vacation Club Management Corp. (DVCMC) rents, during the Breakage Period, certain accommodations that have not been reserved by members. The Association is entitled to receive as breakage income the rental proceeds not to exceed 2.5% of the Condominium Operating and Capital Reserves Budgets in each calendar year.


In 2011, the Breakage Income Budget for the BWV was $562,910. To put it in perspective , Member Annual Dues Assessment for 2011 was $17,489,433.

I don't have the 2012 budget numbers handy at the moment.

 

[DebbieB]

There have been posts about that weekend being soldout for a long time. I find it hard to believe that DVC rooms have been operating at 60% at least not at WDW.

 

[lilpooh108]

There was nothing when I looked at those dates over 2 months ago.

I also noticed that after online booking became available, there is alot less availability.

I guess it's easier for people to hop on and just book with a click than to previously have to get on the phone to call if they just want to hold a room in case they go.

 

[Sammie]

There was nothing when I looked at those dates over 2 months ago.

I also noticed that after online booking became available, there is alot less availability.

I guess it's easier for people to hop on and just book with a click than to previously have to get on the phone to call if they just want to hold a room in case they go.

It has made renting easier too, which I feel has increased.

 

[lilpooh108]

It has made renting easier too, which I feel has increased.

Yes, I agree. Much easier to field renter questions re availability with internet searching compared to phoning MS each & every time.

 

[TDC Nala]

Believe it...I checked those dates several months ago (I am already at BCV but wanted to add a night - that night ended up being at Art of Animation) and Saratoga Springs was the only resort with availability in a studio. This is a big weekend - there is a federal holiday, the Food and Wine Festival is still on, it's the end of Jersey Week, some of the Christmas decorations will be up and the Wine and Dine Half Marathon has been moved to this weekend.

 

[burberryplaid]

We are hoping for a miracle too! We waitlisted last weekend for OKW and SSR. We got one night (Nov 8) but waiting on the 9-12. I've been checking 2-3 times a day. I know we really need a lot of pixie dust, but we're holding on to hope.

 

[SerinaShelby]

It's also the weekend of the Children's Miracle Network Golf Tourney at Disney. We are on a waitlist for those dates too. We are going to look into making reservations off site...

 

[Brian Noble]

The Association is entitled to receive as breakage income the rental proceeds not to exceed 2.5% of the Condominium Operating and Capital Reserves Budgets in each calendar year.

It looks like 2011's return rate for BWV is 3.2%. Very unusual of Disney to be so generous, but it still could well have been even more---they are not obligated to return even as much as they did.

 

[BEASLYBOO]

I tried to book the week of Thanksgiving in July and nothing was available, not a single day, so I waitlisted just to see and my waitlist came though 10 -14 days ago! I really didn't expect it would~

Maybe you should waitlist, you never know!

I"ve read more than a few times on these boards that people book the popular periods of their home resorts just in case at the 11 month mark automatically, even if they have no plans to come and then cancel between 30-60 days!