- Joined
- Jun 15, 2015
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yes, agree for it to make sense for Disney buy direct would have to cost less then resale and upgrade.
I don't think they can change now. Isn't the offering set when they got approval from the state to market the units originally?Technically, yes. But, DVD does have the ability, if they want, and including it in the RIV paperwork, to set up some type of program that gives resale buyers a chance to pay to end up with points good everywhere. Not sure that would ever happen, and if it did, I think it would not be cheap..
I don't think they can change now. Isn't the offering set when they got approval from the state to market the units originally?
Do you think there will be a time where RIV will be flooded with reservations, making it almost impossible for non-owners to get rooms there? I'm thinking, once sold out and more resale points are out there that can only be used at RIV but can be booked at 11 months, do you think the 7 month window will narrow or become essential non-existent for other resort owners.....even direct owners at other resorts?It was set as part of the POS for RIV. It’s not only in there, but they make owners sign a specific document that outlines that part if the POS.
That language says that DVD reserves the right to remove the restrictions and add them back in. They can create different rules for different club members, which could include some sort of cash option.
So, the changes made in 2019 for resale buyers in reference to RIV can indeed be changed because it is part of the contract we signed.
it is a possibility And only time would tell.Do you think there will be a time where RIV will be flooded with reservations, making it almost impossible for non-owners to get rooms there? I'm thinking, once sold out and more resale points are out there that can only be used at RIV but can be booked at 11 months, do you think the 7 month window will narrow or become essential non-existent for other resort owners.....even direct owners at other resorts?
Do you think there will be a time where RIV will be flooded with reservations, making it almost impossible for non-owners to get rooms there? I'm thinking, once sold out and more resale points are out there that can only be used at RIV but can be booked at 11 months, do you think the 7 month window will narrow or become essential non-existent for other resort owners.....even direct owners at other resorts?
Do you think there will be a time where RIV will be flooded with reservations, making it almost impossible for non-owners to get rooms there? I'm thinking, once sold out and more resale points are out there that can only be used at RIV but can be booked at 11 months, do you think the 7 month window will narrow or become essential non-existent for other resort owners.....even direct owners at other resorts?
Let's do a basic math exercise.... Say Riviera is completely sold out... So I'll look at about 300 owners booking 300 rooms on any given day.Most of the data suggests that a resort has about 10 to 20% resale points.
Once an original owner sell, no matter how often that same contract is sold, it does not impact the resale to direct ratio
If the resort fills up between 11 and 7 months the 7 month window becomes kinda pointless…But you're forgetting that the re-sale restrictions will restrict more non-Riv owners than Riv owners. In other words, there will be tons of non-Riv owners without the ability to trade into the Riviera.
The result being: The 11 month window may get slightly more competitive BUT the 7-month window will get LESS competitive.
And the majority of owners of most resorts book home resort the majority of the time anyway. (for much of the year, at most resorts, it's now impossible to book a studio unless you do it in the 11 month window). So restricted or unrestricted doesn't make a big difference the majority of the time.
The net effect should balance out. You'll have fewer people looking to trade in to Riviera at the 7-month window. So while there may be slightly less 7-month availability (which is already very low at most resorts most of the year), there will also be far less demand for that availability.
Let's do a basic math exercise.... Say Riviera is completely sold out... So I'll look at about 300 owners booking 300 rooms on any given day.
10-20% are re-sale -- So 30-60 of those owners can't book anywhere but Riviera.
But out of that 30-60, how many would have been booking Riviera even if their points were unrestricted? I dare say 50-70% would be booking their home resort anyway. Using the low end, 50%... that means 15-30 of the rooms being booked at Riviera are only being booked there because the points are restricted.
So.... "home resort" booking demand may increase by 5-10% because of the restriction.
Meanwhile, if 10-20% of all non-RIV points are restricted -- And if Half those owners are looking to trade out their points to another resort... That means the demand to trade in to Riviera is also reduced by 5-10%.
In other words -- Eventually, Riviera may have 5-10% less "trading out" activity, but it will also have 5-10% less "trading in" activity. So total supply/demand of rooms should stay about the same. Just the usage by home resort owners will be 5-10% higher than other resorts.
Oh boy. Thanks very true. Hadn’t thought about that but having no other options will def require 11 month booking and little flexibility… will also impact rental possibility..This biggest effect is restricted resale owners will have to plan to hook at the 11 month window. They will be little or no effect to direct owners, other than they will also have to book early or risk having to use there points elsewhere.
Oh boy. Thanks very true. Hadn’t thought about that but having no other options will def require 11 month booking and little flexibility… will also impact rental possibility..ok, I was thinking of buy resale there bc I do want to stay there but thinking about down the road, could be tough!
Sure...but you also have to take into consideration the number of people who choose to go direct which can trade into RIV. And, the addition of new resorts that will add points to the system that can book it..ie: Poly tower. So, I agree there are more resale owners being shut out of RIV than RIV resale owners...and there will be...but there are going to continue to be direct owners.
Maybe. But to me, it's more likely that supply will be very slightly more limited at the 7 month + 1 day mark, as you have a small percentage of owners who can't trade out. While availability will be very slightly greater than other resorts at the 6month29day mark, as you have fewer guests able to trade in. (and they wouldn't have traded in before the 7 month mark anyway).My thought...and maybe I didn't express it well...is that I think the impact of resale owners on getting RIV will be at the 7 month mark, and not for those who own there. So, I do think there is a possibility that non resort owners will have a more difficult time down the road...but as I posted, it won't happen for many many years