Poly - hmmm

[WMorganS]

We are already seeing that to some extent based on the higher priced GV occupancy/booking rates

But to get a GV anywhere, you need home resort points, because a GV is never available at 7 months. And since you believe the Poly studios and Bungalows will be in low demand, how do think Poly points would affect **high demand** bookings anywhere else?

 

[Brian Noble]

But to get a GV anywhere, you need home resort points, because a GV is never available at 7 months.

That's not at all true. DIS member drusba tracks availability pretty carefully, and GVs are often available well into the 7-month window.

http://www.disboards.com/showthread.php?p=52895423#post52895423

The most notable sentence from that post:

for most of April 2015 right now, GVs are still available at three months out at BLT, OKW, VGF, SSR and AKV

 

[WMorganS]

Granted, these 2 points are from coming different people on this thread, but taken together they make no sense:
1. Poly points are bad because they hurt GV availability at other resorts.
2. Timeshares are not supposed to be available at 3 months.

This makes it sound like Disney is trying balance out the demand for different room types.

 

[Minniesgal]

But to get a GV anywhere, you need home resort points, because a GV is never available at 7 months. And since you believe the Poly studios and Bungalows will be in low demand, how do think Poly points would affect **high demand** bookings anywhere else?

Not true I have book Jambo GV at 7 months and seen it available beyond that.

 

[bookwormde]

But to get a GV anywhere, you need home resort points, because a GV is never available at 7 months. And since you believe the Poly studios and Bungalows will be in low demand, how do think Poly points would affect **high demand** bookings anywhere else?

Check the availability in the DVC web site, there are lots available this summer, GFV GV almost every day in July when I checked a few days ago.

 

[DisneyGal24]

Renovated buildings. But they were stripped down to the walls. Everything inside is new. But yes, not truly the same as new construction. Which of course didn't make Disney pause in starting out the resort as the highest priced initial offering in DVC history.

Which buildings are now DVC? Wanting to get an idea of where they will be on the Poly map. Thanks!

 

[paults]

I wouldn't want to buy at Poly studios and have to pay MF on the bungalows

 

[WMorganS]

I'm a bit confused by the presence of cash rent prices on the bungalows. Are those non-DVC Bungalows or is there something new in the paperwork that is letting the rent to the public for cash?

 

[Brian Noble]

All DVC unit-types can be rented to the public. There are a variety of sources for that inventory:

* Undeclared units that are not yet part of the condominium association.
* Units booked by Disney-owned points (unsold or reacquired)
* Inventory representing Member trade-outs to other Disney vacations (ABD, DCL, etc.) that is rented to "pay" for those vacations.
* Breakage inventory that isn't booked at 60 days prior to occupancy.

 

[CarolMN]

I'm a bit confused by the presence of cash rent prices on the bungalows. Are those non-DVC Bungalows or is there something new in the paperwork that is letting the rent to the public for cash?

Currently, DVD has declared only 10 of the 20 bungalows into the condominium. That means Disney still owns the other 10 and can certainly rent them out to the general public. Profits from those cash rentals goes to DVD's bottom line and not to DVC.

DVD is Disney Vacation Development, the Disney entity that develops the DVC resorts.

 

[jerseyduke]

Not to mention, DVD owns 10 of the Bungalows (as Carol stated), PLUS all of the unsold points!

My guess is they have yet to sell enough points to cover two Bungalows for an entire year.

So, technically 18 are still owned by some arm of Disney.

 

[WMorganS]

So... if the bungalows and studios are not booking/renting enough to meet corporate expectations, what are their options? Is DVD's only recourse to either (a) lower the bar by reducing maintenance costs or (b) raise the bar by adding room specific "perks" to make staying at the poly more attractive, right? (trying to get my head around their corporate structure). DVD must be planning to keep some of the rooms, otherwise they wouldn't list cash prices/night, right? What pressure does it put on DVD if they don't rent for that price/night? Will they just sell the points? The DVC contracts prevents them from simply reducing the point total. Thoughts?

 

[Brian Noble]

DVD must be planning to keep some of the rooms, otherwise they wouldn't list cash prices/night, right?

No. Go back and read my post again---there will be significant inventory at PVB available from just breakage and members trading out over the years.

 

[jerseyduke]

So... if the bungalows and studios are not booking/renting enough to meet corporate expectations, what are their options? Is DVD's only recourse to either (a) lower the bar by reducing maintenance costs or (b) raise the bar by adding room specific "perks" to make staying at the poly more attractive, right? (trying to get my head around their corporate structure). DVD must be planning to keep some of the rooms, otherwise they wouldn't list cash prices/night, right? What pressure does it put on DVD if they don't rent for that price/night? Will they just sell the points? The DVC contracts prevents them from simply reducing the point total. Thoughts?

Not sure what you mean by booking/renting fast enough?

They are being sold. Disney wants to sell (about) 4 million PVB points, after that, they do not care. Everything else is gravy. If people do not use their points, then that is "breakage" and Disney can rent those rooms out for cash.

If you mean "not selling fast enough"....don't worry about that! However if that is the case, they can offer incentives., save 5$ per point if you buy 100, 10$ if you buy 150, etc.

 

[WMorganS]

Disney wants to sell (about) 4 million PVB points, after that, they do not care.

That's my answer, not that I like it ;-). In a nutshell, I was asking what reasons DVD has for caring whether or the DVC poly rooms end up getting booked or not.

 

[jerseyduke]

They will get booked. People are not going to lose their points.

Remember, if a Poly owner stays at another resort, in effect, a trade has occurred. Someone at the resort that the Poly owner went to now can not stay there that year. So they go somewhere else.

Not to mention, the Poly is on the monorail. 7 month availability remains to be seen, but the place will always be as full as it can be.

In reality, DVD probably wants NO ONE to use their points. Then they would have sold every studio, and can rent them out for cash! (However, if no Poly owner ever used a point at the poly, other DVC members would gobble up the rooms)

 

[Minniesgal]

That's my answer, not that I like it ;-). In a nutshell, I was asking what reasons DVD has for caring whether or the DVC poly rooms end up getting booked or not.

Ince the points are sold I don't think they do care whether or not they are used. Will impact the members more than DVD

 

[Brian Noble]

I was asking what reasons DVD has for caring whether or the DVC poly rooms end up getting booked or not.

DVD does not care. However, DVCMC has a fiduciary duty to the Members, and part of that includes fixing inequities in the point charts. For example, before the 2010 system-wide reallocation, a common strategy was to book Su-Th on points, and then rent Fr-Sa night stays using the Member discount. In reaction to that widespread practice, DVCMC reallocated points so that weekdays were a little more expensive, but weekends were less.

So, if there is a gross imbalance in demand for studios vs. bungalows, DVCMC can reallocate within some annual limits.

 

[jerseyduke]

DVD does not care. However, DVCMC has a fiduciary duty to the Members, and part of that includes fixing inequities in the point charts. For example, before the 2010 system-wide reallocation, a common strategy was to book Su-Th on points, and then rent Fr-Sa night stays using the Member discount. In reaction to that widespread practice, DVCMC reallocated points so that weekdays were a little more expensive, but weekends were less.

So, if there is a gross imbalance in demand for studios vs. bungalows, DVCMC can reallocate within some annual limits.

The sticky area with this is the ratio of units. it is 360 studios to 20 bungalows, or 18 to 1. Now, this is not exactly right, since the studios are broken up into lake view and standard view, but, if they wanted to make an adjustment, they would have to drop the bungalows 18 points per night to raise each studio one point.

That being said, if such an event were to occur, I think it would be the lake view studios that got hit, since there are fewer. Just a guess, but to add one point to each standard view, I would think bungalows would have to drop by at least 12 points.

 

[disneynutz]

DVD does not care. However, DVCMC has a fiduciary duty to the Members, and part of that includes fixing inequities in the point charts. For example, before the 2010 system-wide reallocation, a common strategy was to book Su-Th on points, and then rent Fr-Sa night stays using the Member discount. In reaction to that widespread practice, DVCMC reallocated points so that weekdays were a little more expensive, but weekends were less.

So, if there is a gross imbalance in demand for studios vs. bungalows, DVCMC can reallocate within some annual limits.

IMO this is over-stated. DVCMC decides what and if there are inequities and when and how they will be addressed. Their interests will always come first within legal limits. I don't know what enforcement entity would review the inner workings or if they do. Aulani was the only issue that we know of.

Bill