VGF Dues in 2024

[CarolMN]

How can a transportation option not on resort property and more than half a mile from the resort "serve the resort"?

BWV does not pay for the operation of the Skyliner.

 

[Genie+]

I’m interested to see 2024 dues. Do the maintenance portions pay leading up to the refurbs, so that by the time they happen they’re already paid?

Not sure but looking at dues increase percentages at different resorts over the years, seems like sometimes they go up in years leading into major refurbs then settle back down the years afterward. Would need to look into the actual breakdown.

 

[mort1331]

Is there anyway to know this for sure? I just thought people assumed BCV/BWV weren't paying for the Skyliner because their costs never increased substantially when it opened; whereas, Rivieras transportation cost is 0.90 a point vs 0.56 at BWV and .36 at BCV.

I don't actually see in the budget anything beyond a Transportation line item which encompasses all the modes.

https://cdn2.parksmedia.wdprapps.di...sitewithoutCoverLetter_2022CondoNoticeRVA.pdf

View attachment 767932

I think people just assumed the higher cost meant they were covering the Skyliner and the others were not. I still do not think that is true. I think Riviera is simply higher in cost because it has exclusive transportation (buses likely to be the biggest driver) to the parks (doesn't share) thus has a higher overhead charge for transportation. I think how Disney charges for transportation is probably a lot more complex than does the mode show up at the resort.

Edit: Riviera also has no cash side to share costs with. BCV has a huge cash side when lumping in BC/YC so it's shares should be smaller of the overhead. BWV has a roughly equal cash side so it covers a smaller overhead than Riviera but more than BCV given it a greater % of the rooms than BCV related to the cash sides.

I will say I was always surprised that BRV and CCV transportation costs are so high, which might really show that exclusive usage (boats) and higher overhead from busses to three parks really drive the costs (they account for more than 50% of the occupancy at WL)

I dont have the fees with me, but if you compare the transport from either AKV or SSR then you might see similar. As both are almost just Bus, with SSR having some boats.

 

[tjkraz]

I’m interested to see 2024 dues. Do the maintenance portions pay leading up to the refurbs, so that by the time they happen they’re already paid?

Yes. That is the purpose of the capital reserves.

Not sure but looking at dues increase percentages at different resorts over the years, seems like sometimes they go up in years leading into major refurbs then settle back down the years afterward. Would need to look into the actual breakdown.

As a general rule, I don't believe there is any truth to this. Admittedly I've never charted the dues increases relative to refurb dates and compared to other non-refurbbed resorts. Historically, factors like employee wage increases and property taxes play a much larger role in dues increases. Even if a resort experiences a significant increase on the cusp of a refurb, doesn't mean the refurb itself is to blame.

In the last 2-3 years the cost of construction labor and building materials has risen significantly. And I'm sure that had an impact on capital reserves collections. In order to complete the same renovation, Disney needs to collect more money from owners in 2023 than it would have in 2020 or prior. Another result of inflation.

 

[Nursemanit]

Poly went up like 3x the rate of VGF last year - very similar resorts -

I think the real hit will be when VGF2 sells out so probably the 2025 dues

I think they will all be around $9 by then

 

[DisTravels]

Poly went up like 3x the rate of VGF last year - very similar resorts -

I think the real hit will be when VGF2 sells out so probably the 2025 dues

I think they will all be around $9 by then

To that point, is there a cost per point comparison between resorts?

 

[Sandisw]

To that point, is there a cost per point comparison between resorts?

This compares through 2021

Post in thread 'The DVC Resource Center - Updated December, 2021'
https://www.disboards.com/threads/t...r-updated-december-2021.3655476/post-58628435

 

[CarolynFH]

To that point, is there a cost per point comparison between resorts?

Here’s a comparison of increases for 2023. https://dvcnews.com/dvc-program-men...isney-vacation-club-2023-annual-dues-released

 

[zavandor]

How can a transportation option not on resort property and more than half a mile from the resort "serve the resort"?

BWV does not pay for the operation of the Skyliner.

If anything, BWV should get a Skyliner discount on dues. Don't they reroute people through the BWV lobby to get buses when then Skyliner is down? That causes inconvenience, noise and possibly damage to the resort.

 

[Sandisw]

If anything, BWV should get a Skyliner discount on dues. Don't they reroute people through the BWV lobby to get buses when then Skyliner is down? That causes inconvenience, noise and possibly damage to the resort.

There are a lot of WDW guests and general public guests who visit BW and that area on a regular basis.

Not sure how the occasional running of a few more buses during the downtime of the Skyliner could damage anything and don’t even understand the other concerns since on a lively night, the BW area can be quite loud.

 

[StoweFoSho]

Poly went up like 3x the rate of VGF last year - very similar resorts -

I think the real hit will be when VGF2 sells out so probably the 2025 dues

I think they will all be around $9 by then

More like 4.6% increase to a 7.6% increase. Although they are becoming more similar, VGF was a tiny portion of the Grand Floridian Resort‘s rooms and occupancy.

Looking at the budgets, It looks Poly went up more than VGF because of the cost of labor for housekeeping, transportation, etc. combined with the fact that PVB has more rooms and a greater occupancy than did/does VGF at the time. Thus PVB gets a bigger share of transportation and housekeeping costs.

VGF dues will probably increase as the resort sells out because there will be more rooms and more occupancy, but large increases will be held off by the distribution across more points. Poly is ”sold out” so there are no more points to offset the difference.

We can see this effect at Riviera, where transportation costs are significantly increased in actual dollar amounts from when the resort first opened, but are now a lower amount per point as more points are sold.

 

[Nursemanit]

More like 4.6% increase to a 7.6% increase. Although they are becoming more similar, VGF was a tiny portion of the Grand Floridian Resort‘s rooms and occupancy.

Looking at the budgets, It looks Poly went up more than VGF because of the cost of labor for housekeeping, transportation, etc. combined with the fact that PVB has more rooms and a greater occupancy than did/does VGF at the time. Thus PVB gets a bigger share of transportation and housekeeping costs.

VGF dues will probably increase as the resort sells out because there will be more rooms and more occupancy, but large increases will be held off by the distribution across more points. Poly is ”sold out” so there are no more points to offset the difference.

We can see this effect at Riviera, where transportation costs are significantly increased in actual dollar amounts from when the resort first opened, but are now a lower amount per point as more points are sold.

VGF 2 was declared so the two resorts are equal in size. There is no real difference other than VGF should be higher due to the dedicated check in staff that Poly lacks.

 

[StoweFoSho]

VGF 2 was declared so the two resorts are equal in size. There is no real difference other than VGF should be higher due to the dedicated check in staff that Poly lacks.

I did miss that the second half declaration of the resort studios are already in the current 2023 budget when looking last night.

I still think Poly will always be more than VGF dues as it’s a larger share of the overall resort occupancy and use (GF has about 200 more hotel rooms than Poly). When costs related to occupancy go up, it’ll be felt more where DVC is a larger share of the resort.

 

[Sandisw]

VGF 2 was declared so the two resorts are equal in size. There is no real difference other than VGF should be higher due to the dedicated check in staff that Poly lacks.

The size of the property can make a difference as well. There are a lot of factors that go into thr dues for shared resorts. While the DVC check in is only part of it, there are other things to consider,

Maybe it take more to maintain the Poly property. You have to look at cash to DVC ratio at each. Also, it may take more to maintain the Oasis pool at Poly than it does the Beach Pool at VGF.

 

[CarolynFH]

The size of the property can make a difference as well. There are a lot of factors that go into thr dues for shared resorts. While the DVC check in is only part of it, there are other things to consider,

Maybe it take more to maintain the Poly property. You have to look at cash to DVC ratio at each. Also, it may take more to maintain the Oasis pool at Poly than it does the Beach Pool at VGF.

Don’t forget the cost to maintain those over-water bungalows!