Speculation on point requirement increase for direct benefits

[eticketplease]

It’s always been that way for Moonlight Magic events for early registration. Rented reservations did not count.

We were talking about TOW lounge now Villian's lair. It did work for them once it was no longer restricted to just the BLT crowd.

 

[Genie+]

The ‘3 years or less’ regarding perks always cracked me up. How does that even work?

Back when new DVC AP sales were halted 2020 until Sept 2021 then halted again shortly after, new direct buyers were frustrated. That contract wording popped up often but never made complete sense after thinking it through. What exactly is it meant to imply or protect?

This question is more rhetorical than anything I’d be shocked if a clear answer exists.

 

[atthebeachclub]

I just bought my first, hopefully last, direct contract. I don’t think I want to hear this talk of “tiered benefits”.

 

[typeamom72]

Don’t mind me… over here wishing I had a money tree in the backyard.

 

[Genie+]

I just bought my first, hopefully last, direct contract. I don’t think I want to hear this talk of “tiered benefits”.

Welcome Home!

 

[Fullchaos]

Disney clearly does not care about resale value. If they did, RIV (and later resorts) would not be restricted.

What's more, resale value of a timeshare is not entirely predicated on "what it is worth to own," and that's because timeshare is a product that is sold, not bought. Very few people understand the inherent value of owning one, so there are few "organic" prospective buyers. But, there are many many people own them. Some of those many many people will want to divest themselves at any particular point, and become sellers. So, even though owning has positive value, selling might not be, simply because there are not enough people who recognize the value proposition (and hence not enough prospective buyers) relative to the number of sellers in the market.

This is what makes Wyndham an incredible value purchased resale---particularly when you add in the arbitrage opportunities presented by the major exchanges.

While I'm sure you're right, there will almost certainly be a period where new sales drags as a result (until resale contract inventory minimizes). Anyone who's starting this journey is going to calculate the cost of the points direct vs. resale, and weigh the value of the direct benefits from Disney.

My bigger issue here is that a resale contract in this discussion should not taint the full value of a direct contract. More than 75% of my points are direct, so saying that because I've supplemented that my stays will be compromised in the future is infuriating (and yes, I understand, I'm subject to them changing the terms, blah blah blah - probably completely legal (IANAL) but still unpalatable).

If, and we are not there yet, they go this route, I feel that it would be fair and equitable for them to either grandfather contracts prior to the change or create a one time curing process to pay some amount to convert the "resale" into a full direct point.

 

[SL6827]

I wonder if Disney will implement different point requirements for those booking a resort with resale points that they do not own at? Could they?

 

[Sandisw]

I could be wrong but I thought all onsite stays were included before changes happened around late 2023 maybe?

A couple years ago PlanDisney said:
In order to qualify for the early registration window to Moonlight Magic, DVC Members must have an existing Resort reservation at a Disney-owned-and-operated Walt Disney World Resort hotel or at Disney's Vero Beach Resort for the event date.

We even got caught up in it. DH tried to surprise me after we bought, but with no availability he bought a confirmed DVC reservation. Just so happened it was the first early registration to get the surprise changes. Here’s the board with everybody discussing it, including Amy Kreiger: https://www.disboards.com/threads/n...-longer-eligible-for-moonlight-magic.3937418/

And an earlier one where people talk about being shut out, but also some being included with all kind of reservations - just the common link of being blue card with some type of onsite reservation: https://www.disboards.com/threads/moonlight-magic-registration-issue.3880604/

Cash stays were included and exchanged in from RCI were included.

But owners who were on rented points from another member were never allowed for early registration because those reservations wouldn’t show up for the member when entering their membership number.

That is why it didn’t count

 

[Sandisw]

The ‘3 years or less’ regarding perks always cracked me up. How does that even work?

Back when new DVC AP sales were halted 2020 until Sept 2021 then halted again shortly after, new direct buyers were frustrated. That contract wording popped up often but never made complete sense after thinking it through. What exactly is it meant to imply or protect?

This question is more rhetorical than anything I’d be shocked if a clear answer exists.

That language is taken directly from FL721 when it discussed incidental benefits.

I honestly think it’s just another part that supports for owners that perks can be stopped at any time.

 

[Brian Noble]

there will almost certainly be a period where new sales drags as a result

Resale value is not that material to a company’s ability to sell new timeshares. As evidence, see nearly every other developer.

 

[Sandisw]

We were talking about TOW lounge now Villian's lair. It did work for them once it was no longer restricted to just the BLT crowd.

Because that didn’t require you to even be staying onsite.

You just had to be a DVC owner.

 

[Genie+]

I wonder if Disney will implement different point requirements for those booking a resort with resale points that they do not own at? Could they?

The contract wording allows for a fee when trading into other resorts. But our contracts are filled with possibilities that seem to do nothing but proactively prevent worse case scenarios to cover Disney’s butt. Like the wording around expiration lol. They say things like ‘unless we make it longer, or unless we make it shorter, or unless it pops out of existence!’ So far at least, they’ve been very careful to maintain a positive energy around ownership and that required not exercising the full extent of they’re legally able.

 

[Sandisw]

I wonder if Disney will implement different point requirements for those booking a resort with resale points that they do not own at? Could they?

Yes and no. They can create a different point chart for trades vs home resort owners.

That would apply to all owners though trading…no matter how one got their points as long as they were eligible points to use in BVTC.

They can also implement a fee for trades if they want either for all resorts or specific resorts.

What DVD could do is choose to waive the fee when someone is trading direct points for use vs resale points.

Just like those with MMB don’t pay the $95 exchange fee if they want to use points for a cruise. Those without still do.

 

[Tatebeck]

The contract wording allows for a fee when trading into other resorts. But our contracts are filled with possibilities that seem to do nothing but proactively prevent worse case scenarios to cover Disney’s butt. Like the wording around expiration lol. They say things like ‘unless we make it longer, or unless we make it shorter, or unless it pops out of existence!’ So far at least, they’ve been very careful to maintain a positive energy around ownership and that required not exercising the full extent of they’re legally able.

Also, they kind of already do. It's called "good luck getting standard/resort view" at a resort you don't own

 

[Genie+]

Also, they kind of already do. It's called "good luck getting standard/resort view" at a resort you don't own

Truth right there! Kind of like a premium of points paid. The system definitely rewards early planning. The more an owner doesn’t book their home resort, the better a low dues resorts will work out for them. And vice versa. That’s what makes CFW such a hard sell. Even though the cabins are very economical pointwise, it has no variety. The more an owner ends up trading out the more painful those high dues become. It’s hard to be certain about booking the same size room and location for the next 50 years.