THV can be reserved for cash?

[Vickis3js]

I just read on the resort board that someone reserved a THV for cash. I didn't realize that you could do that and especially with dates that are way within the 11 month window. Kinda disappointing when I have to hope and pray I can get one at 11 months and know that it could possibly not happen.

 

[vicki_c]

Here's my layperson explanation (others are much better at explaining the details and variations here):

DVC inventory and cash inventory are not the same. So the fact that someone can reserve for cash isn't really impacting whether you get one or not - what's impacting you is that a member already took it, in effect.

If CRO has THVs to rent for cash, it's because another DVC member traded out their points for something else (cruise, Disney collection stay, etc.) and then DVC turned that over to CRO to recoup the cash needed to pay for that member's stay outside of DVC.

 

[Vickis3js]

I think I was just shocked they put a THV into CRO inventory especially when they are very limited and when some of their dates are beyond out 11 month window and members can't even book some of hte dates yet.


Thanks for explaning though.

 

[tpsh007]

yep, I have seen THV available for cash (even with the 40% discount) -- no doubt gobbled up quickly.

 

[Rob S.]

I think I was just shocked they put a THV into CRO inventory especially when they are very limited and when some of their dates are beyond out 11 month window and members can't even book some of hte dates yet.

I'll bet it has more to do with the fact that Disney still owns a considerable amount of points at THV. It is still being marketed and sold. Until THV points "sell out", Disney will rent out cash rooms.

 

[Vickis3js]

So are the THV points and SSR points different? We bought SSR through DVD recently so if I was deposit my points into RCI or exchange them for a cruise would that then open up a THV? I'm just tyring to understand how it all works I guess. I had assumed that lower available DVC booking catagories, like AKV CL, AKL Value, and THV, wouldn't have to be exchanged and available as long as there was other rooms within that resort available to be used as an exchange especially when one is available through CRO before we can even book it with our 11 month window.

 

[DebbieB]

How many of the THV have been declared into DVC inventory?

 

[KAT4DISNEY]

How many of the THV have been declared into DVC inventory?

Only 1/2 of them. The other half are still owned by the developer.

 

[wdrl]

Only 1/2 of them. The other half are still owned by the developer.

As KAT4DISNEY points out, only 30 of the 60 THVs have been declared for the DVC membership. In addition, as of June 2, 2010, only 42.4% of the 452,625 points that were allotted to the THV Units have been sold. As with any resort, Disney can rent for cash those villas that it has not declared for the membership, as well as villas equivalent to the number of points it still owns.

 

[BirdsOfPreyDave]

As others have pointed out, there are multiple reasons that a room can be placed in the CRO inventory. It isn't just rooms that haven't been booked by a certain number of days out. Disney purchases a certain percentage of each resort for cash use. There are also rooms that haven't been declared as DVC inventory.

 

[tjkraz]

As KAT4DISNEY points out, only 30 of the 60 THVs have been declared for the DVC membership. In addition, as of June 2, 2010, only 42.4% of the 452,625 points that were allotted to the THV Units have been sold. As with any resort, Disney can rent for cash those villas that it has not declared for the membership, as well as villas equivalent to the number of points it still owns.

While that's true, I am aware of evidence which strongly suggests that DVC is making more than 30 of the villas available for member bookings. Since the treehouses are part of Saratoga Springs, CRO receives a cross section of SSR villas which includes THVs, Grand Villas and Two Bedroom villas.

 

[vicki_c]

Yes, that is the part that confuses me about units not declared into inventory at SSR -- because of the THV and SSR piece. Even when I say to someone that a unit might be available because someone traded out their points - some nagging (and confused) voice in my brain tries to understand how someone trading their "generic" SSR points results in a specific unit type (THV) being given to CRO for bookings. It boggles my mind really! Because it's not like any member OWNS a THV, right?

 

[wdrl]

Yes, that is the part that confuses me about units not declared into inventory at SSR -- because of the THV and SSR piece. Even when I say to someone that a unit might be available because someone traded out their points - some nagging (and confused) voice in my brain tries to understand how someone trading their "generic" SSR points results in a specific unit type (THV) being given to CRO for bookings. It boggles my mind really! Because it's not like any member OWNS a THV, right?

The simple way to think of it is in terms of the percentage of points owned by the DVC members and the percentage owned by Disney. For example, at BLT 73.7% of BLT's total points are declared for the membership. So, on any given day, DVC members can book up to 73.7% of BLT, while Disney can use the remaining 26.3% for cash reservations. Now, if 5% of the members trade out their points for use at DCL, then the membership portion drops by 5% and the Disney portion increases by 5%. Notice that there is no distinction made about the number, size, or view category of the accommodations. As tjkraz points out, it appears that Disney has let DVC members book more than 30 THVs at a time, even though only 30 have been officially declared for the members. In exchange, Disney has probably grabbed for its use an equivalent number of points in SSR studios, 1-BR, and 2-BR villas to make up the difference.

 

[vicki_c]

Thanks - I basically get it. Still a bit confusing about how they figure out which rooms to do what with, but I get the general idea!

 

[disneynutz]

I don't know if anyone really knows how THV and SSR are handled by accounting.

In addition to the above, 3% of the rooms are pulled out of DVC inventory along with any rooms not booked by DVC Members 60 days prior to any given date.

I was under the assumption that if a Member called to book a room at 50 days out and CRO had not yet booked a cash Guest in that room, DVC could pull the room back for the member. I was told by a DVC MS Manager on Sunday that that is not true, once given to CRO getting rooms back is difficult and normally done by a Manager.

Bill

 

[skelooch]

If the THVs are part of SSR does that mean that only 50% of SSR is declared for members. If SSR were 80% declared wouldn't that include THV.
Are you saying that you can just buy points for the THVs.

 

[wdrl]

In addition to the above, 3% of the rooms are pulled out of DVC inventory along with any rooms not booked by DVC Members 60 days prior to any given date.

I was under the assumption that if a Member called to book a room at 50 days out and CRO had not yet booked a cash Guest in that room, DVC could pull the room back for the member. I was told by a DVC MS Manager on Sunday that that is not true, once given to CRO getting rooms back is difficult and normally done by a Manager.

Bill

Can you explain the 3% of the rooms that are pulled out of DVC inventory?

I'm surprised to read that it is difficult to pull back DVC breakage inventory for use by the members. There seems to be frequent anecdotal reports on the disboards from members who have gotten reservations less than 6 weeks out. In fact, since points in Holding Status require reservations be made no more than 60 days in the future, Holding Status reservations have to come from the breakage inventory.

 

[wdrl]

If the THVs are part of SSR does that mean that only 50% of SSR is declared for members. If SSR were 80% declared wouldn't that include THV.
Are you saying that you can just buy points for the THVs.

The THVs are only a small part of the Saratoga Springs Resort and are not a separate resort. Some time prior to 2009, Disney announced that SSR was "sold out", a term that has different meanings to different people. In January 2009, Disney expanded SSR by adding the 60 THVs and once again began selling points in SSR. Disney declared 30 of the 60 THVs for the DVC membership and, by doing so, made 452,625 SSR points available for purchase. These 452,625 points represent the real estate interest added to SSR when the THVs were added to the resort. As of June 4, 2010, Disney has sold almost 43% of the these points.

I am remiss in referring to the Units Disney declared for the THVs as "THV Units." They are SSR Units, which just so happen to contain the THVs.

Although Disney had previously stated SSR was "sold out" prior to 2009, no one knows how many points Disney actually had sold to the public. The conventional wisdom is that Disney retains 2% to 4% of a resort for itself and sells the rest. However, Disney could retain 5%, 10%, or whatever percent they want and still announce that a resort is "sold out." In addition, Disney's percentage can fluctuate if it ROFRs contracts or if it forecloses on delinquent owners. However, the official Disney stance is that all of SSR is sold out except for the Units that were declared in January 2009 to add the THVs to SSR.

As an aside: OKW has been "sold out" for many years. Yet, in the last three months Disney has sold over 40,000 OKW points to the public.

 

[DebbieB]

Can you explain the 3% of the rooms that are pulled out of DVC inventory?

I'm surprised to read that it is difficult to pull back DVC breakage inventory for use by the members. There seems to be frequent anecdotal reports on the disboards from members who have gotten reservations less than 6 weeks out. In fact, since points in Holding Status require reservations be made no more than 60 days in the future, Holding Status reservations have to come from the breakage inventory.

The contract requires DVD (the development company) to hold ownership on a small percentage of the rooms. So even if a resort is completely soldout for points, DVD will still own a small percent. They will rent those points through CRO.

I once got a reservation for BCV one week before, so they can be pulled back.

 

[disneynutz]

The contract requires DVD (the development company) to hold ownership on a small percentage of the rooms. So even if a resort is completely soldout for points, DVD will still own a small percent. They will rent those points through CRO.

I once got a reservation for BCV one week before, so they can be pulled back.

I mistakenly thought that the 3% was used as spare rooms should they be required for maintenance reasons, I was corrected last week here on the DIS. On several occasions members have reported having to stay in a sub-par room because the resort was fully booked.

We have also received what the Cast Member called Disney Magic when inventory was found 50 days out. I specifically asked the Manager about the policy and I was told that MS Advisers do not normally have access to inventory transfered to CRO.

I guess it's another one of those things that we were never told about.

Bill