Why Doesn't DVC turn the Yacht club into Villas ?

[CarolynFH]

And hotel rooms don't turn into DVC villas with the snap of the fingers - unless you want the Poly with all studios all the time - and even then there is a remodel involved. And it doesn't look like they want a repeat of the Poly all studios all the time. To get one and two bedroom units out of the existing infrastructure will eat up a lot of the money they'd make selling points.

When Michael Eisner was CEO, I read he regularly stayed in a suite at YC. I wonder whether that would become a GV?

 

[pkrieger2287]

This would cost me a lot of money because Amy would want points there...

 

[RoseGold]

There was once a psychic who predicted every single baffling DVC move, and this was the one that he predicted that did not happen.

There's still time. It's an aging building with a lot of terrible views.

And parking is not full. I just stayed at BC over the weekend, and the lot was half full, though security was tight to get in, tightest I've seen anywhere but BLT.

 

[RoseGold]

Lots of smiling faces of people buying into DVC and saying "I just purchased the most expensive backpack Disney sells"

Really? Who are these people? I'm pretty sure they would not enjoy a conversation with me LOL.

 

[Marrila]

There was once a psychic who predicted every single baffling DVC move, and this was the one that he predicted that did not happen.

There's still time. It's an aging building with a lot of terrible views.

And parking is not full. I just stayed at BC over the weekend, and the lot was half full, though security was tight to get in, tightest I've seen anywhere but BLT.

The tight security is due to food and wine. Otherwise the lot would be jam packed with day trippers.

 

[RoseGold]

And hotel rooms don't turn into DVC villas with the snap of the fingers -

I was at VGF2 opening week, and yea, that's not far off. They didn't bother to replace the awful doors with giant gaps, and there was blue painters tape left for Grandma. She picked it all off, because Grandma.

VGF2 needed real help in soundproofing to be at modern standards, and it isn't there at all from my stay. As a VGF1 owner, that's infuriating. If you get new buyers into a flip, maybe they don't know until it's too late?

I do believe Poly2 will be soundproofed to modern standards. This seems like a silly thing to even write out, but DVC is embarassing in this respect for a "deluxe" property. Still stunned they didn't get new doors at VGF2.

 

[crisi]

I was at VGF2 opening week, and yea, that's not far off. They didn't bother to replace the awful doors with giant gaps, and there was blue painters tape left for Grandma. She picked it all off, because Grandma.

VGF2 needed real help in soundproofing to be at modern standards, and it isn't there at all from my stay. As a VGF1 owner, that's infuriating.

Honestly, that's a shame. It isn't a HUGE deal to turn a hotel room into a DVC studio, but repainting and REMOVING THE PAINTERS TAPE is a minimum requirement for the conversion.

(The soundproofing and doors are an issue regardless of if its DVC or not DVC)

 

[RoseGold]

Honestly, that's a shame. It isn't a HUGE deal to turn a hotel room into a DVC studio, but repainting and REMOVING THE PAINTERS TAPE is a minimum requirement for the conversion.

Well, follow my live chat, if you want to see how bad it was.

https://www.disboards.com/threads/im-at-vgf2-now-ask-me.3888038/page-2#post-64117541

 

[tom1944]

Well, follow my live chat, if you want to see how bad it was.

https://www.disboards.com/threads/im-at-vgf2-now-ask-me.3888038/page-2#post-64117541

Rose I have enjoyed your posts for the year I have been on this site but I cannot stop thinking that every time DVC has a sales meeting the sales managers says

Sales are down can someone see if Rose has been posting again.

 

[RoseGold]

Sales are down can someone see if Rose has been posting again.

If that were true, everyone would have bought mathematically superior DLT. LOL

But yea, I consider VGF2's noise level to be embarrassing and not to modern standards. And the way Disney handles construction to be even worse.

 

[ocdb8r1]

This would cost me a lot of money because Amy would want points there...

Great coverage of VDH opening from you and Amy this week!

 

[smileyanna]

I think Riviera is likely doing well with a mix of cash stays and sales.

This! Not everyone needs larger villa accommodations or winces at the cash rates - not sure Disney wants to mess with this group of happy hotel consumers by lowering available inventory.

During Covid, I happily paid the wacktastic rack rate at Yacht for a few nights to enjoy our return to WDW at one of our favorite resorts, with maximum flexibility to cancel or change dates as needed. I'd be bummed if Yacht Club went DVC.

 

[_auroraborealis_]

For the big conferences at the Boardwalk-area conferences, they tend to need 1000+ hotel rooms held. It's usually almost all of YC, a big chunk of BWI, some of BC, and then they hold some units elsewhere as well. You want to see bananas, look at the Gartner hotel list: https://www.gartner.com/en/conferences/na/symposium-us/venue-travel. IT Xpo has nearly 6000 attendees, PLUS all the exhibitors and they use upwards of 10k hotel rooms.

Smaller conferences, like the CME stuff, tend to have a smaller hold and consolidate entirely to YC or BWI.

A conference slams for revenue. Every bit of electrical power setup, every social event, every last packet of Cheez-Its served is revenue for the Mouse. And then there are the specialty events, like the breakfast that can ONLY be booked by conventions featuring Elsa, Sven and Kristoff, or the cocktail events.

There;s not value in converting the convention centers at CSR and Boardwalk to hotel units. Convention business provides some great diversification of revenue, catering, Disney Institute revenue, etc.

Now, if we want to talk about "tearing down the neglected and sad Contempoary convention space and building a DVC," that's a lot more likely. Disney has poured a lot of cash into both the Boardwalk area space and the CSR convention space, while letting the Contemporary space peel paint and smell weird.

 

[RoseGold]

There;s not value in converting the convention centers at CSR and Boardwalk to hotel units. Convention business provides some great diversification of revenue, catering, Disney Institute revenue, etc.

Conferences that big don't care about one wing of Yacht Club, just like they don't care about one building of Grand Floridian or the lousy views at Jambo. If Disney needs to flip some aging hotel stock, Yacht Club is on the chopping block.

Coronado has space. If Skyliner goes to Coronado, they have tons of space to the north between Coronado and TTC.

 

[2xcited2sleep]

Just for an example - the Gartner conference begins 10/16 and the entire convention center parking lot at Yacht Club closed on 9/30 as they're already building tents for that conference (not sure what will be in the tents). Their conference business is huge. They also seem to do a good business with weddings at YC. I was there this weekend and saw at least 4 weddings.

 

[maui22]

Parking lot at BC is already full. They absolutely cannot take from the parking lot.

The story I heard is they have a small buildable area the other side of the road. If they move the road and parking lot, they could build a tower at BCV or YCV.
No clue how accurate this is.

The point charts at BCV/YCV and BWV in 2042 should be the most expensive at WDW. The higher point charts will be hard for Disney and shareholders to resist any expansion in the area.

 

[AdamsMum]

In the meantime they struggle to sell Riviera

I don't think they're actually doing that badly considering the pandemic got in the way. I know the resale restrictions turn some people away. Most new resorts take several years to sell out.

Yacht Club with it's conference centre is good business for them. I don't think they'd ever give that up. DVC resorts are certainly quick cash in the beginning but once sold out, there isn't a lot of money on the table aside from the 5% (or so I think) of the resort they retain for cash bookings.

 

[Mirabell Rose]

Conferences that big don't care about one wing of Yacht Club, just like they don't care about one building of Grand Floridian or the lousy views at Jambo. If Disney needs to flip some aging hotel stock, Yacht Club is on the chopping block.

Coronado has space. If Skyliner goes to Coronado, they have tons of space to the north between Coronado and TTC.

Lousy views at Jamb? So then they need to convert those to more value rooms as the studios and 2 bedrooms are nonexistent even at 11 months. One can only hope….

 

[Straulin]

I think Disney is happy with the numbers of corporate events and conferences booked at the Yacht Club. It's a great resort with lots of amenities that make it desirable for such uses.

There is also the added benefit of the “first one’s free” sales model for Disney with conferences. Many folks that come for conferences are doing so for their first ever Disney trip. Then they get hooked and are junkies like all of us and keep coming back for their Disney fix.

 

[crisi]

For the big conferences at the Boardwalk-area conferences, they tend to need 1000+ hotel rooms held. It's usually almost all of YC, a big chunk of BWI, some of BC, and then they hold some units elsewhere as well. You want to see bananas, look at the Gartner hotel list: https://www.gartner.com/en/conferences/na/symposium-us/venue-travel. IT Xpo has nearly 6000 attendees, PLUS all the exhibitors and they use upwards of 10k hotel rooms.

Smaller conferences, like the CME stuff, tend to have a smaller hold and consolidate entirely to YC or BWI.

A conference slams for revenue. Every bit of electrical power setup, every social event, every last packet of Cheez-Its served is revenue for the Mouse. And then there are the specialty events, like the breakfast that can ONLY be booked by conventions featuring Elsa, Sven and Kristoff, or the cocktail events.

There;s not value in converting the convention centers at CSR and Boardwalk to hotel units. Convention business provides some great diversification of revenue, catering, Disney Institute revenue, etc.

Now, if we want to talk about "tearing down the neglected and sad Contempoary convention space and building a DVC," that's a lot more likely. Disney has poured a lot of cash into both the Boardwalk area space and the CSR convention space, while letting the Contemporary space peel paint and smell weird.

Gartner's Symposium this year has also bought out DHS from 5pm on for their conference party. Symposium is kind of the 800 pound gorilla of IT conferences, since it targets CIOs and CTOs and their direct reports - i.e. the people with budgetary control over hundreds of millions of dollars. Which means that all the high end Disney area restaurants are going to see some very expensive bottles of wine and pours of whiskey during that time. (The hubby is a Gartner analyst who will be at Symposium - he's in a room over in DTD I think because they were out of hotel rooms in the area by the time they decided they wanted him there).