What's the chance of DVC limiting to your home resort?

Originally posted by lenshanem
Well I feel extremely sorry for VB and HH owners if that happens. I'm sure many bought with the intention of staying at WDW, too. And I'm also sure the guides used that as a selling point. Any VB or HH owners care to commentt on this matter?

Anything is possible.

We own at VB and it wouldn't bother us at all if it was limited to VB owners only...................because we also have 300 pts at OKW.
11zwinky.gif


P.S. Shannon...........I corrected your spelling for you.;)
 
Overall I think the chances of DVC losing a resort (HH or VB) or limiting the DVC internal exchanges further are unlikely. That is until the last few years when they will almost have to limit to home resort to a certain extent. Just as they will have to ration the points the last year or two.
 
While most of our points are at OKW we do have 150 at HH, which were purchased with the intention of staying there. In the unlikely event that HH would be sold off it would not matter as long as the resort was kept up to Disney standards. However, it is nice to have the option to use the points elsewhere when needed.
 

I own both DVC and Marriot. Marriot does not handle their tranaction in the same manner as Disney. For example, when you call MS you can book your reservations and if you decide to change as long as it is prior to the 31 day window there is no charge or penalty as long as you are staying at a DVC resort.

This past year when I booked via Marriot and changed check-in from a Sunday to Monday there was a $25 processing fee. All other aspects of the transactions remain the same.

Also, if you want to trade you Marriot timeshare you must join Intervale International. The fee to join intervale is $79 per year. In addition it is my understanding there is processing fee in addtion to the above fee.

You can own Marriot with or without points depending upon on you made the purchase.

Bottom line... both are excellent timeshares; however, reservations are handled differently. DVC is in my opinion is more flexible.
 
I was just looking through the POS, it looks like the only way they could limit you to your home resort is if it was removed from the DVC Program (or if the other resorts were). I just skimmed through it, there maybe something in the fine print.
 
Originally posted by PamOKW
DVC is very profitable for Disney so they would hang on to it or sell it as a package.

In light of the fact that DIS does not disclose such information in their public filings (DVC is a sub segment of the Parks and Resorts business unit), what is your basis for asserting DVC's level of profitablity? Just curious...
 
This is not a likely scenario. Offering resort trades are a cornerstone feature of the timeshare industry.

I mentioned on a previous thread, that limiting us to our home resort only would be a major problem for anyone who bought a small add-on.... Suppose you bought a small 25 point add-on at SSR, and have starter contract, say 150 points at OKW. What are you going to do with those 25 points with no option to combine points, using them at other resorts? How would DVC otherwise sell new resorts, without the ability to combine points?

See... It's not a likely scenario. Don't worry, be happy :)
 
It seems an assumption is being made that Disney can just get rid of the right to reserve at all DVC resorts by simply doing something like selling control of a resort. It cannot. There are only seven events that would allow Disney to take a resort out of the DVC group, none of which are likely:

1. The property is taken over by the government through eminent domain proceedings (never beyond the realm of possibilities when the democrats are in control).

2. The Disney companies go bankrupt or insolvent (some believe if we don't get rid of Eisner this could occur).

3. The owners of any resort (meaning us) vote by a 60% majority to fire Disney as the manager of the property (based on some room reports there are probably some who would consider this).

4. The owners by a 100% vote decide to end the resort's status as a condomium/timeshare entity (maybe in ten years we all be sick of it and just want out).

5. The property is partially destroyed, in which case reserving at it can be temporarily suspended during repair, or the property is totally destroyed and cannot be rebuilt (Vero could fall into the ocean due to erosion or a massive hurricane).

6. The property is not maintained up to Disney standards (this one really can apply only in conjunction with 3 above or so many members at a resort default on their dues that there is no money to do maintenance and upkeep).

7. The resort's term runs out (January 2042 for all but SSR).

Not among the permitted reasons for Disney to suspend DVC members' rights to reserve at any DVC resort is its selling control to a non-Disney company. As to the queries above about profitiability, this is a no-brainer. Disney makes huge amounts selling the interests. Then, once sold, it charges dues to cover all anticipated costs of running and maintaining the resorts and gets an additional mangement fee as part of the dues (about 12% of total other dues per resort) and then has the right during last 60 days before a date to rent out units not reserved; only an Enron executive could find a way to lose money in that formula.
 
Though it's not very probable, it's interesting to hear all of the ( mostly made up by individual posters ) reasons pro & con.
 
So you are saying that if they sell VB they will have to honor VB points at the seven month window till 2042?

I am not sure I agree. If it is so remote, why do they make such a production of making people aware VB could no longer be a DVC resort?

I really think that the sale of the resort is something that would break it out of DVC. How could and would Disney recoup value for points used at WDW DVC resorts? Some sort of cash transaction?
 
Originally posted by DisneyMomOK
Dean,

Would you please explain what you meant by "ration the points".
Did you mean they would stop banking and borrowing privileges at that time? (Hopefully, I will still be around to worry about this in 2042!)

Thanks for your always insightful information.

Sharon
Remember that all the current DVC resorts except SSR end on 31 Jan, 2042. I know some have speculated about DVC extending the current term in some way and I've even seen a couple say they think Disney will simply let members continue to use the resorts to use up all their points. Whiile I could see the first one happening, no way do I see the latter. It's very obvious that there are not enough units to allow every single member use up every point prior to the end date. That doesn't give many options. There will be approximately half a years worth of points with no units available. You can let some members get all their points and others none the last year, you can prorate the last couple of years or you can allow a free for all at the end and let the remaining points expire that could not be used. You can also see many trying to borrow many points that last few years as well. I suspect DVC will suspend borrowing the last 2 or 3 use years (2039 or 2040 and beyond) and they will either prorate the points the last 2 years or they will hold a lottery much like for the end of the century. What is actually going to be more interesting to me is wether Disney tries to get the resorts into tip top shape at the end at our expense. I don't recall anything in the legal paperwork covering the condition at the end or at the transfer over in control.
 
Originally posted by Richyams
So you are saying that if they sell VB they will have to honor VB points at the seven month window till 2042?

I am not sure I agree. If it is so remote, why do they make such a production of making people aware VB could no longer be a DVC resort?

I really think that the sale of the resort is something that would break it out of DVC. How could and would Disney recoup value for points used at WDW DVC resorts? Some sort of cash transaction?
IF VB were no longer a DVC resort, owners there would have NO access to the other DVC resorts except maybe by exchange through II or similar systems.
 
We are looking to come to WDW in Sept. We are trying to decide between VWL and OKW. What's wrong with VWL?

StorkRN
 
I doubt this will happen. It's a major selling point for DVC, and I can't see the advantage to DVC in limiting resort choice.
 
Originally posted by StorkRN
We are looking to come to WDW in Sept. We are trying to decide between VWL and OKW. What's wrong with VWL?

StorkRN


Well, VWL is one of our "homes", and I can tell you right now that there's nothing "wrong" with VWL. Why do you ask? :confused:
 
Someone on another post was complaining about the resort and said they didn't care if they ever went back there. They were looking to stay at OKW.
 
Different things, appeal to different people. I agree with Granny, there is nothing wrong with WLV. It is a fantastic resort!
If you are referring to the post I think you are, the poster did not care for the decor and layout of WLV and preferred the decor/layout at OKW. It is all a matter of what appeals to different people.
Rest assured, WLV is a very, very nice resort with absolutely nothing wrong with it.
Enjoy your trip!
::MickeyMo
 
I'll be traveling with a 4 year old. Is it better to stay closer to WDW or is Downtown area a quick bus ride to/from the park? I haven't been to WDW since I was 6 years old (now 31). We are debating between VWL, OKW, and BCV.
 















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