DVD and DVC have some options whenever inventory is not booked with points by DVC members. DVD could use its points to book the bungalows and then rent them out at relatively high rates. The rack rate for the bungalows starts at about $2,000-$2,100 per night, but even if DVD rents them for $1,500 per night it will probably make a profit. Keep in mind that Polynesian Village already has some one-bedroom suites with rack rates over $1,000 per night, so the larger bungalows should command a much higher tariff.
Any DVC inventory that is still available 60 (see note) days before check-in is considered Breakage inventory. Breakage inventory can be booked by DVC members using points or by Disney's regular cash guests. Although the number of points required to book a villa doesn't change just because it is considered to be Breakage inventory, Disney can charge almost any price it wants for the villa.
(Note: 60 days is the typical starting point for when inventory moves into the Breakage category. However, the master declaration allows the Breakage starting point to be as little as 30 days or as many as 90 days before check-in.)
DVC could deposit some of the bungalows in an external exchange program such as RCI. I don't understand the economics of exchange programs between timeshare systems, so I don't know if DVC would find this to be an attractive option or not.
DVC could certainly reallocate the
point chart, resulting in the point costs for the bungalows going down and the studios going up. Although a reallocation cannot result in an increase of 20% in any calendar year, in 2009 and 2010 DVC actually spread a reallocation of greater than 20% over two calendar years.
If DVC reallocates points, PVB's master declaration guarantees that the point chart will have at least night that be be no higher than 22 points for a Standard View studio, 26 points for a Lake View studio, and 147 points for a bungalow. In 2016, PVB's point chart has 195 days out of 366 days where the point requirements are below these guaranteed amounts. I agree with CarolMN that if there is a reallocation, it won't happen until the resort has been open for two or three years.