Riviera rooms released to DVC Inventory

[lehrsj]

Does anyone know the Riviera inventory released so far that can be reserved by DVC members. I found something as of Feb 2 2019. Has more been released? I’m looking for how many of each room types. Thanks.

 

[Sandisw]

I think there is about 30% of the resort declared.

 

[chicagodisneyguy]

Does anyone know what percentage at Riviera has currently been declared? We moved our fall trip to the end of October and figure the only way a Rivera studio waitlist will come through is via declaration of rooms. I don't want to waste a wait list spot if the odds are not good.

 

[Sandisw]

Right now, I am pretty sure we are at 45% declared.

 

[CastAStone]

It’s 2.9 million points out of 6.5 million so far. They have sold 1.9 million.

Disney has declared 147 of Riviera’s 341 vacation homes for the DVC inventory. This accounts for about 43.2% of the resort's 6,7 million total points. At the end of February 2021, Disney still had about 1 million declared but unsold points at its disposal.

 

[CastAStone]

Does anyone know what percentage at Riviera has currently been declared? We moved our fall trip to the end of October and figure the only way a Rivera studio waitlist will come through is via declaration of rooms. I don't want to waste a wait list spot if the odds are not good.

I would anticipate points will be declared in about 5-6 months. So...not probably very helpful.

 

[Evita_W]

Ok, what do you guys mean by declared? Never heard of this before.

 

[CastAStone]

Ok, what do you guys mean by declared? Never heard of this before.

The basic idea is that Riviera has 341 rooms, but right now has about 100 rooms worth of timeshare stays sold. So on any given night 240ish rooms will not have a DVC guest in them.
So DVC says basically “I declare 150 units are part of the time share” and then they can rent the other 190 rooms out for cash without having to wait for breakage or do advanced predictive math to do so. It also impacts those rooms participation in the costs and pay-in of the timeshare in ways I don’t understand well enough to explain.

Once Disney gets close to selling out the 147 units declared so far, they’ll declare another 50 or so into inventory.

 

[sethschroeder]

Dang had my hopes up.

Had another family join us so moved them to BWV the whole week and I took a whole week at RIV downside is I am missing 2 seperate days in RIV Standard 2 Bedroom.

About to call soon about getting my welcome home since it's January and they likely have tons of rooms.

 

[_auroraborealis_]

About to call soon about getting my welcome home since it's January and they likely have tons of rooms

They generally won't do welcome home if you have already made bookings.

 

[CarolMN]

Ok, what do you guys mean by declared? Never heard of this before.

The basic idea is that Riviera has 341 rooms, but right now has about 100 rooms worth of timeshare stays sold. So on any given night 240ish rooms will not have a DVC guest in them.
So DVC says basically “I declare 150 units are part of the time share” and then they can rent the other 190 rooms out for cash without having to wait for breakage or do advanced predictive math to do so. It also impacts those rooms participation in the costs and pay-in of the timeshare in ways I don’t understand well enough to explain.

Once Disney gets close to selling out the 147 units declared so far, they’ll declare another 50 or so into inventory.

Declared means that villas have been formally transferred from the Developer- owned inventory to the Member-owned inventory. DVD cannot sell points unless the villas they represent are part of the Member-owned inventory. DVD generally declares just enough inventory to match predicted sales over the next several months. (They can rent the villas they still own to the general public, and the proceeds from those rentals directly contribute to DVD's bottom line).

Any declared rooms can be reserved by Members using their points. Until sales "catch up", there are more rooms available than points eligible to book them, and thus, booking is easier than it might otherwise be. This phenomenon occurs with new resorts until the last declaration.

 

[Sandisw]

Dang had my hopes up.

Had another family join us so moved them to BWV the whole week and I took a whole week at RIV downside is I am missing 2 seperate days in RIV Standard 2 Bedroom.

About to call soon about getting my welcome home since it's January and they likely have tons of rooms.

They wont usually do a welcome home if you were already a member, They would not do it for us, even though my kids were new owners.

But, good luck!

 

[Evita_W]

They wont usually do a welcome home if you were already a member, They would not do it for us, even though my kids were new owners.

But, good luck!

Yeah, they wouldn't for us either, but we ended up booking for February and made others for June and will for November.

 

[Evita_W]

Declared means that villas have been formally transferred from the Developer- owned inventory to the Member-owned inventory. DVD cannot sell points unless the villas they represent are part of the Member-owned inventory. DVD generally declares just enough inventory to match predicted sales over the next several months. (They can rent the villas they still own to the general public, and the proceeds from those rentals directly contribute to DVD's bottom line).

Any declared rooms can be reserved by Members using their points. Until sales "catch up", there are more rooms available than points eligible to book them, and thus, booking is easier than it might otherwise be. This phenomenon occurs with new resorts until the last declaration.

That explains why I hadn't heard of this before, we were pretty much the last people to buy into VGC, it literally sold out two days later. So, this was never something we had there.