The VGF 2 pricing thread

[davidl81]

So Riv has been selling for 2 years? Do we feel they are ahead/behind or on schedule based on how many points RIV has to sell?

Oh they are way behind schedule, but that’s largely because of covid. It was doing fairly okay before that. I think DVC got a little ahead of itself and priced RIV too high once Covid started to slow down, but that’s just me.

 

[Nabas]

Oh they are way behind schedule, but that’s largely because of covid. It was doing fairly okay before that. I think DVC got a little ahead of itself and priced RIV too high once Covid started to slow down, but that’s just me.

As you note, RIV says were on par with previous DVC sales until COVID hit.



It's hard to imagine VGF2 sales not being severely impacted if market conditions remain the same.

 

[nuhusky123]

im Going to maintain the market today supports roughly 64k a month. gfv is going to reduce sales at riv. Dvc won’t tolerate poor sales at either resort so prices have to reflect an attractive price point

Covid has changed the dvc pool of buyers dramatically. There may be the odd crazy but 99% of buyers will be domestic. Even Canadians will be questioning a dvc purchase when Canada keeps threatening to shut down the boarders. Even with Omni Canada is dangling the risk of shutting the boarders. No way would I as an international risk spending my money on a dvc timeshare that I most likely wouldn’t get to use, and if i do the effort to plan a USA trip likely being quite extensive and more expensive than usual


I think it’s safe to say they are way off their numbers, proof being the cancellation of reflections and that riv is only 36% sold

i expect dvc will move forward with gfv as it’s a cheap conversion and even depressed sales results in $. But the numbers are going from bad to worse for dvc

lets play a game and say the domestic market can support 65k points a month, going off of riv sales. Adding gfv isn’t going to increase demand per say just add more supply therefore sales if evenly split between riv and gfv that gives dvc 30k and change of sales per month at each resort

that looks terrible

so let’s now play another game and say riv stays at $201 while gfv sells for $250 as some current owners hope

riv sales stay more or less stagnant while gfv sales are pitifully low. Let’s say 50k for riv and 15k a month for gfv.

this looks even worse to Disney execs. I wouldn’t want to be the poor sod who has to present monthly sales numbers with the Premier resort selling sub 20k

this all but assures gfv price point has to be inline with riv otherwise dvc lays a big goose egg and execs get fired

correcting price point, just noticed riv and alu both increase to $207 in March. Willing to wager this is done for gfv, sales started at gfv shortly thereafter.

first months incentives will be high

 

[Doberge]

Covid has changed the dvc pool of buyers dramatically. There may be the odd crazy but 99% of buyers will be domestic. Even Canadians will be questioning a dvc purchase when Canada keeps threatening to shut down the boarders. Even with Omni Canada is dangling the risk of shutting the boarders. No way would I as an international risk spending my money on a dvc timeshare that I most likely wouldn’t get to use, and if i do the effort to plan a USA trip likely being quite extensive and more expensive than usual


I think it’s safe to say they are way off their numbers, proof being the cancellation of reflections and that riv is only 36% sold

i expect dvc will move forward with gfv as it’s a cheap conversion and even depressed sales results in $. But the numbers are going from bad to worse for dvc

lets play a game and say the domestic market can support 65k points a month, going off of riv sales. Adding gfv isn’t going to increase demand per say just add more supply therefore sales if evenly split between riv and gfv that gives dvc 30k and change of sales per month at each resort

that looks terrible

so let’s now play another game and say riv stays at $201 while gfv sells for $250 as some current owners hope

riv sales stay more or less stagnant while gfv sales are pitifully low. Let’s say 50k for riv and 15k a month for gfv.

this looks even worse to Disney execs. I wouldn’t want to be the poor sod who has to present monthly sales numbers with the Premier resort selling sub 20k

this all but assures gfv price point has to be inline with riv otherwise dvc lays a big goose egg and execs get fired

Selling Grand Floridian is a layup for Disney. Walkable Magic Kingdom resort that sells at a premium because it's popular. The "sold out" prices are higher to discourage purchases so I don't think VGF will officially sell at whatever it's been listed lately, but maybe start at that price and then have incentives to lower the price. That said, I don't remember the last time they've actively sold two resorts with different starting prices (see Aulani at samenstarting price with bigger incentives than Riviera.) Maybe while selling VGF and Riviera they just have better incentives at Riviera.

Or they will be prices differently as a test because they'll surely want to milk every dollar our of Disneyland Hotel DVC as rhey can get.

 

[Sandisw]

Regarding the part in bold, can you please clarify where you have found it?
The POS always talks about balancing Vacation homes and units. The Florida law always talks about Timeshare Units. I have never found a requirement regarding the whole resort.
The need to balance the whole resort was a common (I think) misconception shared on this board at the time the SSR THV reallocation was done, that's one of the reson no one complained. But I've not found it anywhere in legal documents, which doesn't mean it doesn't exist. I have always found only reference to a classic timeshare with weeks sold and for point systems just a few sentences. I have not been able to find any detailed regulation about point systems in Florida law.

I have not yet found much regarding point based systems in FL laws yet either. Why I have it on my January to do list to try to reach out to FL timeshare or legislative people who can help.

 

[Sandisw]

So Riv has been selling for 2 years? Do we feel they are ahead/behind or on schedule based on how many points RIV has to sell?

I think it’s hard to tell because Covid hit 3 months after it opened when sales were strong. IMO, based on the overall low numbers, I think it is holding It’s own given the climate.

I am sure it’s behind where it would have been had 2020 not happened. One thing that will be interesting when VGF2 goes on sale is to see how that does in comparison to RIV.

But I agree that if sales remain down, the pricing for VGF has to come in lower if they want to sell it.

 

[nuhusky123]

Selling Grand Floridian is a layup for Disney. Walkable Magic Kingdom resort that sells at a premium because it's popular. The "sold out" prices are higher to discourage purchases so I don't think VGF will officially sell at whatever it's been listed lately, but maybe start at that price and then have incentives to lower the price. That said, I don't remember the last time they've actively sold two resorts with different starting prices (see Aulani at samenstarting price with bigger incentives than Riviera.) Maybe while selling VGF and Riviera they just have better incentives at Riviera.

Or they will be prices differently as a test because they'll surely want to milk every dollar our of Disneyland Hotel DVC as rhey can get.

dvc are showing us their hand, gfv sales start at $207 and identical to the other two resorts. Incentives are how dvc encourage sales at one resort or another and in turn create a sense of immediacy

 

[Sandisw]

dvc are showing us their hand, gfv sales start at $207 and identical to the other two resorts. Incentives are how dvc encourage sales at one resort or another and in turn create a sense of immediacy

Where did you see RIV is going to $207?

 

[Epcot Forever Forever]

Oh they are way behind schedule, but that’s largely because of covid. It was doing fairly okay before that. I think DVC got a little ahead of itself and priced RIV too high once Covid started to slow down, but that’s just me.

The last 7 annual increases have all been between 2.9% and 3.7% - hardly a sign of unmanageable greed.

 

[Epcot Forever Forever]

Where did you see RIV is going to $207?

https://disneyvacationclub.disney.go.com/savings/

You better hurry! The price-per Vacation Point increases from $201 to $207 at Aulani, Disney Vacation Club Villias, Ko Olina, Hawaiʻi and Disney’s Riveria Resort starting Febuary 3, 2022.

 

[Epcot Forever Forever]

I’m officially putting my opening bid for VGF 2 at $215.

 

[nuhusky123]

You better hurry! The price-per Vacation Point increases from $201 to $207 at Aulani, Disney Vacation Club Villias, Ko Olina, Hawaiʻi and Disney’s Riveria Resort starting Febuary 3, 2022.

 

[nuhusky123]

I’m officially putting my opening bid for VGF 2 at $215.

how does dvc support having 1 resort cost more than their other resorts. is riv less of a resort therefore worth less money?

my money remains on $207

 

[Epcot Forever Forever]

how does dvc support having 1 resort cost more than their other resorts. is riv less of a resort therefore worth less money?

my money remains on $207

They’ve done it repeatedly.

 

[nuhusky123]

What resorts on sale at the same time have had different prices? I legit don’t know

not for sold out resorts but actively for sale resorts

 

[Epcot Forever Forever]

What resorts on sale at the same time have had different prices? I legit don’t know

not for sold out resorts but actively for sale resorts

Well for one they did it at VGF about a year after it went on sale. It was more than Aulani for the last ~10 months it was in active sales.

BLT repeatedly went through periods where it was premium prices to the other active resorts.

 

[nuhusky123]

Was blt active at the time or just having the odd sale like beach club just did?

 

[Epcot Forever Forever]

Was blt active at the time or just having the odd sale like beach club just did?

Active. See contemporaneous sources like https://forums.wdwmagic.com/threads/dvc-announces-blt-and-treehouse-villas.352739/?amp=1

 

[KAT4DISNEY]

I’m officially putting my opening bid for VGF 2 at $215.

I think they just showed what the base price will be for VGF. Only question is what the incentives will be.

 

[Sandisw]

I think they just showed what the base price will be for VGF. Only question is what the incentives will be.

Can you expand on what you are thinking? Do you think it will be $207?