Will The Annual Dues For 2021 Be Affected?

[HairyChest]

With all parks and resorts closing, is it possible that annual dues will see a significant increase next year or is that protected?

 

[Jack_Sparrow_NJ]

My understanding is that dues are based on actual expenditures. Once the virus dies down I expect there will be some additional costs for deep cleaning the resorts but I wouldn’t expect that to impact dues significantly

 

[OKW Lover]

I was thinking there could actually be a small savings as they will not be incurring charges from parks & resorts for things like bus service and similar.

 

[_auroraborealis_]

I was thinking there could actually be a small savings as they will not be incurring charges from parks & resorts for things like bus service and similar.

They're still paying bus drivers and similar, so any savings would be around equipment, fuel, depreciation.

Wages are the highest percentage of any of what the dues are paying for.

 

[chalee94]

Once the virus dies down I expect there will be some additional costs for deep cleaning the resorts...

I thought the virus only remains viable for several days on most surfaces? After being empty for 10 days or so, I don't think there would be any risk of infection. (But there's plenty of time to clean, so I guess it can't hurt...)

 

[Jack_Sparrow_NJ]

I thought the virus only remains viable for several days on most surfaces? After being empty for 10 days or so, I don't think there would be any risk of infection. (But there's plenty of time to clean, so I guess it can't hurt...)

Tests have shown the virus can live on stainless steel for 3 days. At that point it may not even be able to cause infection. But I think most resorts will out of an abundance of caution and also to diminish any fears that guests may have do a deep cleaning. Necessary or not. It’s all perception.

 

[Great3]

This is an interesting question, but I truly have no prediction at this point. I guess we will just have to see what happens. Not to try and derail the topic, but with all the DVC points getting refunded, there's isn't enough supply (future rooms/units) for all the points available for booking. It's going to create upset owners, as there is going to be winners and losers on reservation bookings.

It's going to be interesting times to say the least....

Great3

 

[_auroraborealis_]

I think deep cleaning costs may be offset by not having to turn over units for 3+ weeks.

 

[TraderSamWDW]

I can't see any really noticeable effect on does one way or another.

I hope its only in the 3 week neighborhood!

 

[skippytx]

Each resort has millions of total DVC points any cost increase or decrease is spread out over those millions of points. For example BLT has 5.73 Million DVC points in it's system. This won't cause any significant movement in the annual dues. A penny more would generate 57K.

I hope its only in the 3 week neighborhood!

I wouldn't count on anything before June at this point. The discussion is for another thread, but the DVC system is built for a long period of unused points. It keeps running with very high occupancy. I have no idea what they could do to fix it either. There's going to be a massive glut of points that need to be used in a short timeframe, and it's going to cause problems.

 

[Sandisw]

Each resort has millions of total DVC points any cost increase or decrease is spread out over those millions of points. For example BLT has 5.73 Million DVC points in it's system. This won't cause any significant movement in the annual dues. A penny more would generate 57K.



I wouldn't count on anything before June at this point. The discussion is for another thread, but the DVC system is built for a long period of unused points. It keeps running with very high occupancy. I have no idea what they could do to fix it either. There's going to be a massive glut of points that need to be used in a short timeframe, and it's going to cause problems.

I know..it will be a mess for sure.

 

[fixerupper]

Could they possibly ease the banking rules for a short time?

 

[Sandisw]

Could they possibly ease the banking rules for a short time?

Last week they wee allowing people to bank late. This week, they stopped it.

I would assume they decided if that continued it would make things worse?