So isn't there a lot of points being banked currently?

[jade1]

DVD added the restrictions as part of the POS. I think it has to be a complete change and would apply to all owners. It wouldn’t be an easy move, even temporary, and then becomes something that can no longer be a benefit of buying direct,

IMO, I just don’t see DVD doing something that would take away something put in to move people to direct buys,

Again, the DVC villas go with the trade, so it doesn’t really help all that much, because most people aren’t going to do that trade. To me, not so much because of the extra points, but because if they cancel, they have given up the right to use DVC. And every change incurs another $95 free.

So under an individual disaster recovery plan (which DVC stays obv are not), if this were to drag on to the point where 2021 has 50% (example) more points than DVC rooms available-do you think anything would be done? Or is it best to just start reserving a bunch of dates/rooms for next winter/spring and cover each of our own behinds. The rest will just have the points expire.

I mean they have taken about 20% of the nights out of the pool already, it could increase a lot more.

 

[Sandisw]

So under an individual disaster recovery plan (which DVC stays obv are not), if this were to drag on to the point where 2021 has 50% (example) more points than DVC rooms available-do you think anything would be done? Or is it best to just start reserving a bunch of dates/rooms for next winter/spring and cover each of our own behinds. The rest will just have the points expire.

I mean they have taken about 20% of the nights out of the pool already, it could increase a lot more.

I think DVCM would continue to put restrictions in place that they have the power to do without needing to get WDPR to agree to allow access to non DVC rooms in which that division covers the loss,

Things like total suspension of borrowing, no banking, and have BVTC create the non home resort points charts that they can create that would eat up more points.

IMO, DVCM and DVD are going to do what they need for the system, and not necessarily based on how it effects owners.. They have to balance supply and demand,

But, given the most recent information coming out of FL, I am more confident we will see resorts open come June. And, I believe the change to 50% borrowing should be enough to overcome this, especially since I see them leaving that in place for reservations through 2021.

 

[jade1]

I think DVCM would continue to put restrictions in place that they have the power to do without needing to get WDPR to agree to allow access to non DVC rooms in which that division covers the loss,

Things like total suspension of borrowing, no banking, and have BVTC create the non home resort points charts that they can create that would eat up more points.

IMO, DVCM and DVD are going to do what they need for the system, and not necessarily based on how it effects owners.. They have to balance supply and demand,

But, given the most recent information coming out of FL, I am more confident we will see resorts open come June. And, I believe the change to 50% borrowing should be enough to overcome this, especially since I see them leaving that in place for reservations through 2021.

Lets hope so.

 

[jade1]

I think DVCM would continue to put restrictions in place that they have the power to do without needing to get WDPR to agree to allow access to non DVC rooms in which that division covers the loss,

Things like total suspension of borrowing, no banking, and have BVTC create the non home resort points charts that they can create that would eat up more points.

IMO, DVCM and DVD are going to do what they need for the system, and not necessarily based on how it effects owners.. They have to balance supply and demand,

But, given the most recent information coming out of FL, I am more confident we will see resorts open come June. And, I believe the change to 50% borrowing should be enough to overcome this, especially since I see them leaving that in place for reservations through 2021.

You've convinced me to act.

Actually that's exactly why we did bank-kinda why I created the thread,

We are the type to reserve pretty far out, and own where we want to stay.

But occasionally try to grab some stuff at a shorter notice.

To be safe we are reserving a bunch of dates/rooms for next winter-not taking any chances esp with Banked points.

 

[Sandisw]

You've convinced me to act.

Actually that's exactly why we did bank-kinda why I created the thread,

We are the type to reserve pretty far out, and own where we want to stay.

But occasionally try to grab some stuff at a shorter notice.

To be safe we are reserving a bunch of dates/rooms for next winter-not taking any chances esp with Banked points.

I am booked almost monthly through next March already as well, I went through everything and until I buy my new contract...which I will after I close on the sale of my BWV, I can’t book next May.

But, at least, the majority of my trips are set so any additional changes I should be able to handle

 

[ColonialMouse]

In the end, Disney as an entire company will do what they think (where think has hundreds of people working on it) will give them the most money. If Disney can fill the resorts with cash payers, they have little incentive to do anything other than let DVC manage the points internally with a few small tricks like borrowing restrictions. OTOH if the cash resorts are at a 10% occupancy rate, and they believe DVC members will come in larger numbers if they make them more available/cheaper, they can make that happen.

Right now everyone is waiting, and Disney has the next move. I just looked and 1BRs are available for almost all of June at every WDW resort. Presumably they will announce they are opening in June and then see what happens then (both DVC and cash resorts). If they fill up for July and August, they may do little. If, by June, July is at 30% occupancy, I would expect lots of deals to get people there and if they think they can get more people there (within the numbers they are allowed to have) spending money by relaxing more DVC rules, they can do it (to a great extent).

I'm sure there are people already working on possible scenarios, but they don't have incentive to make anything cheaper to come to WDW until they know it will be profitable for them to do so, and even measuring that is blocked by a plan to reopen (and a crystal ball predicting what path the disease will take when restrictions ease).

Bruce

 

[Sandisw]

In the end, Disney as an entire company will do what they think (where think has hundreds of people working on it) will give them the most money. If Disney can fill the resorts with cash payers, they have little incentive to do anything other than let DVC manage the points internally with a few small tricks like borrowing restrictions. OTOH if the cash resorts are at a 10% occupancy rate, and they believe DVC members will come in larger numbers if they make them more available/cheaper, they can make that happen.

Right now everyone is waiting, and Disney has the next move. I just looked and 1BRs are available for almost all of June at every WDW resort. Presumably they will announce they are opening in June and then see what happens then (both DVC and cash resorts). If they fill up for July and August, they may do little. If, by June, July is at 30% occupancy, I would expect lots of deals to get people there and if they think they can get more people there (within the numbers they are allowed to have) spending money by relaxing more DVC rules, they can do it (to a great extent).

I'm sure there are people already working on possible scenarios, but they don't have incentive to make anything cheaper to come to WDW until they know it will be profitable for them to do so, and even measuring that is blocked by a plan to reopen (and a crystal ball predicting what path the disease will take when restrictions ease).

Bruce

Disney only makes money on DVC members when they trade in because we give them a DVC villa to sell for cash,

So, in terms of using points to book non Disney, there just is not much incentive for them to do it, nor is there a reason for DVC unless Disney gives them to the associations for free,

Now, I could certainly see them offering DVC members special cash rates or even some discounts on tickets. Many owners by regular tickers at discounters like UT, I could them offering a special to encourage us to buy direct from WDW.

 

[jade1]

Disney only makes money on DVC members when they trade in because we give them a DVC villa to sell for cash,

I think Bruce/ColonialMouse might have meant Disney would get DVC members cash spent on tix, food, souv etc if Resorts are at 10% occupancy.

How they are staying there isn't necessarily the only concern. Just get bodies there somehow.

If resorts were at 10%, and DVC was booked, but more DVC members have points expiring-they do loose that purchase power-it would be Disney's choice though so that scenario would be up to them.

 

[KAT4DISNEY]

Couldn't they temporarily lift those restrictions? I mean, they are arbitrary restrictions that were added after the fact (just as being restricted from booking at future resorts that was added more recently).

Would there be a legal barrier to waiving those restrictions for the next year or two? If so, one might be tempted to question whether adding the restrictions in the first place would run afoul of similar statutes.

I'd believe they could. After all borrowing is final (until it wasn't). Banking once and then points expire is all you can extend them (until you get an extra 6 months). Placing points into RCI is final (until it wasn't).

DVC has complete authority in these areas and trades fall under an area they could make changes if they wanted to.

 

[Sandisw]

I think Bruce/ColonialMouse might have meant Disney would get DVC members cash spent on tix, food, souv etc if Resorts are at 10% occupancy.

How they are staying there isn't necessarily the only concern. Just get bodies there somehow.

If resorts were at 10%, and DVC was booked, but more DVC members have points expiring-they do loose that purchase power-it would be Disney's choice though so that scenario would be up to them.

Oh, I know anything is possible. But, I personally don’t see Disney doing anything like that. As I have mentioned, TWDC made sure they waived the right to cover losses with DVD or DVC in the POS.

I personally believe a really good discount will get cash paying guests there and don’t see any need for them to do it, Or, a special program as a thanks to essential workers, Lots of options to fill rooms to get the extras,

Obviously, DVC and WDPR could come out with any plan they want. I just don’t believe they will or see DVC owners as that special to warrant its.JMO

 

[jade1]

Oh, I know anything is possible. But, I personally don’t see Disney doing anything like that. As I have mentioned, TWDC made sure they waived the right to cover losses with DVD or DVC in the POS.

I personally believe a really good discount will get cash paying guests there and don’t see any need for them to do it, Or, a special program as a thanks to essential workers, Lots of options to fill rooms to get the extras,

Obviously, DVC and WDPR could come out with any plan they want. I just don’t believe they will or see DVC owners as that special to warrant its.JMO

I think your right, unless this drags on for 6 months. But when you say Disney only makes money from DVC members when they trade in isn't accurate. Dvc members spend a lot of money during stays.

 

[Sandisw]

I think your right, unless this drags on for 6 months. But when you say Disney only makes money from DVC members when they trade in isn't accurate. Dvc members spend a lot of money during stays.

Sorry...that wasn’t clear, I was referring to the hotel room trade, not the rest,

Disney only makes money on letting DVC members use points for stays in non DVC resorts. when they bring with the DVC villa or villas that get sold for cash.

If the does happen, then Disney is essentially gifting rooms to the DVC member.

IMO, the money a DVC member spends on all the other stuff is no more and sometimes less than other guests who will fill empty lf the rooms with the right cash discount.

Just read some of the regular threads here on the DIS...plenty of people ready to jump back in.

 

[Firepath]

Since someone mentioned the possibility of no banking at some point, that got me thinking.
I planned to bank my Aug 20 points on line, as soon as I can, on Aug 1. Is it possible to call and have them banked sooner, since they are already there, just not accessible to me?

 

[KAT4DISNEY]

Since someone mentioned the possibility of no banking at some point, that got me thinking.
I planned to bank my Aug 20 points on line, as soon as I can, on Aug 1. Is it possible to call and have them banked sooner, since they are already there, just not accessible to me.

No, you cannot bank until the UY starts.

Considering that they extended banked points past their expiration it would seem extremely unlikely they would then decide to restrict banking anytime soon.

 

[jade1]

Sorry...that wasn’t clear, I was referring to the hotel room trade, not the rest,

Agreed with that part.

 

[jade1]

Since someone mentioned the possibility of no banking at some point, that got me thinking.
I planned to bank my Aug 20 points on line, as soon as I can, on Aug 1. Is it possible to call and have them banked sooner, since they are already there, just not accessible to me?

My guess is your not alone. Sure many are ready to back asap, but pretty sure a lot are putting things on hold for a while-if not quite a while.

 

[CarolMN]

My guess is that they will rescind the 50% borrowing restriction before they stop banking from 2020 use years.

Banking relieves some of the pressure on availability and helps spread the excess of points across more than one year. That's why they restricted borrowing in the first place.. They don't want future year's points competing for availability in when there are already more points eligible to book than the system can handle. Banking helps availability. Doesn't make sense to limit it right now. I'm not at all worried about banking my August 2020 points.

JMHO. YMMV.

 

[drusba]

Since someone mentioned the possibility of no banking at some point, that got me thinking.
I planned to bank my Aug 20 points on line, as soon as I can, on Aug 1. Is it possible to call and have them banked sooner, since they are already there, just not accessible to me?

The online system limits you to being able to bank only current use year points. However, that is a system restriction and I am not aware of any specific rule that prohibits you from banking a year's points shortly before the use year begins. There have already been reports of a couple members calling MS and banking their June 2020 points into the June 2021 use year, so you might try calling and find out if you can bank earlier than Aug 1.

 

[corpcomp]

Was planning a trip in November. DW is a Nurse in NY, has about 170 virus patients in her hospital. We think she has already had the virus but her physician would not authorize a test for her because her temp was only 100. She was out for two weeks. First time ever sick that long. Just got her antibody test at the hospital and will give plasma if positive. Sorry for the rant.

We also tend to go the last week of January but she knows that between the Flu and the Corona, its just too chancy unless there is a good vaccine. So at this point I will cancel November, be banking my 2020 points.

Starting to look at all the virtual rides and food recommendations on YouTube out of desperation. Never knew about the cinnamon buns at Gastons or the chicken waffle sandwiches at Sleep Hollow. On my list to try.

 

[JETSDAD]

The online system limits you to being able to bank only current use year points. However, that is a system restriction and I am not aware of any specific rule that prohibits you from banking a year's points shortly before the use year begins. There have already been reports of a couple members calling MS and banking their June 2020 points into the June 2021 use year, so you might try calling and find out if you can bank earlier than Aug 1.

I've read through the rules for banking in a couple different locations and it would appear that the rule is in fact that it can only be done once you are in that UY (not going to go into whether or not they are willing to break/change rules, just the letter of the rules).

One simply stated that banking can be done during the first 8 months of a UY. The other stated that banking could be done during the current UY.