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Changes to DVC Bookings - effective June 2nd
- Thread starter nickys
- Start date
Sirwalterraleigh
Premium Member
That is a huge problem
Scan dvc threads and you’ll see a lot of “why is _____ Booked solid?!?” Comments
That’s where I really disagree with the rental sites. Booking a month like October solid and then escalating the prices. Disney has a right to be annoyed by that
So I’m going to point out a few other things to this.
Amalgamated Evil either owns those points or is acting on behalf of an owner.
Either way, a DVC owner has to book the room.
The renter might not necessarily pay Disney if AE cannot get them the room they want. There are plenty of other resorts near by, with much better amenities and larger rooms for less. The big plus point is being on site. Luckily they have a subscription to Touring Plans to help them plan their day. And they can use the money they save for buying Multipases.
The renter might also fall in love with DVC and buy. Equally they might already be an owner wanting a few more nights.
Does it really matter to other owners who uses those points?
if those points just end up being not used at all, that gives other owners a very slightly better chance of getting t to be room they want. So member satisfaction comes into play.
But there is no difference in the impact whatsoever to anyone whether the renter got their room through AE or direct from an owner.
It does.
However those speculative reservations might be the broker making them using their own points, or could also be from lots of individual owners who then use their own points broker to sell them.
Going after the former is presumably what Disney want to do with this change.
Stopping the sale of confirmed reservations altogether would take a different strategy. It could be done quite easily in theory but would have the kind of unforeseen consequences they already said they want to avoid.
I don’t want people to get me wrong here.
I hope Disney can stop the big players, those that almost certainly use bots to grab those coveted rooms and sell them for $30 a point. Or even the broker that actively encourages owners to do the same.
But I also don’t want to see renting stopped altogether. I think it adds flexibility and value by allowing an alternative to selling when life changes.
And I don’t want the booking processes to become cumbersome and members having to jump through hoops to be able to use their points.
I hope Disney can stop the big players, those that almost certainly use bots to grab those coveted rooms and sell them for $30 a point. Or even the broker that actively encourages owners to do the same.
But I also don’t want to see renting stopped altogether. I think it adds flexibility and value by allowing an alternative to selling when life changes.
And I don’t want the booking processes to become cumbersome and members having to jump through hoops to be able to use their points.
If renting DVC points from the major sites stops, DVC will lose a crucial way to get customers hooked. Bad move for them, and almost impossible that it will be copied by their competitors ever.
Sirwalterraleigh
Premium Member
Sirwalterraleigh
Premium Member
Most renters know EXACTLY what they’re doing…circumventing the pricing for both rack and dvc…and the latter is…well really “was”…priced with longterm commitment in mind…
That’s part of the price…so in a sick way dvc is “losing”
Oh I don't doubt it. But Disney is going explicitly against the industry grain here, and it's not going to end well for them if they exploit their plan to the fullest extent. All the major vacation clubs have properties either on property or extremely close...
lentesta
Premium Member
Our DVC person has some data that seems to indicate there's one specfic company that's booking a bunch of speculative future dates. I suspect this is to stop that.
As an example, this one company has offered 7X the Jambo 1-night Studio stays of any other rental compay.
To put that in perspective, thats 2X the Jambo 1N Studio reservations than all other major DVC rental companies combined.
As an example, this one company has offered 7X the Jambo 1-night Studio stays of any other rental compay.
To put that in perspective, thats 2X the Jambo 1N Studio reservations than all other major DVC rental companies combined.
Tony the Tigger
Well-Known Member
Or - they would book a Value for $750-$850 for the week, or stay offsite.
The few times I’ve booked DVC rentals, I basically spent the same amount of money, but upgraded. For example, this past Christmas Eve and Christmas Day, I had booked a room at Port Orleans for around $299 per night. With DVC rental, I spent the same amount of money and stayed at old Key West.
Had it not been a holiday, and the DVC rentals were not available, I would’ve either booked a value or stayed somewhere else.
That definitely makes sense. But this and other good points made seem like they could be easily handled with some fair guidelines rather than effectively shutting the whole thing down.
One easy one would be to shorten the window if you are renting your points out. In other words, an active member renting six months out would have more choices, which seems to be the big complaint, whereas a member renting their points would have to do it five months out or four months out, something like that. That way, the more active members feel like they have more choice, but the people who need to rent their points out can still do it. Life happens and you can’t always go.
How would DVC know you were renting your points?
Whether a confirmed reservation or using points to book the requested reservation.
The check box works to an extent. But someone booking a reservation to rent could book it in their name first. So check the box.
Then they get a renter and modify. So do they have to rebook?
If yes, then what happens if you genuinely have to cancel a stay due to an emergency? Past your banking date. If you have to rebook you might not get anything. So you lose the points.
Those unintended consequences are what they want to avoid.
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Sirwalterraleigh
Premium Member
If there’s a “crack” in anything…somebody will pour through it
Sirwalterraleigh
Premium Member
I don’t follow it closely…but there are some hints floating around that dvc sales are in the crapper…
Is that true?
Also…call me a nut…but when cfo HUGE JOHNSON says “demand is strong”…but they’re slashing the rack prices with large discounts all over the place and the streets of parkdom are about half of a reasonable volume (they are)…me thinks he doth misrepresent too much.
This seems like a “we’re in trouble…just won’t admit it” “lever” as anything.
Is that true?
Also…call me a nut…but when cfo HUGE JOHNSON says “demand is strong”…but they’re slashing the rack prices with large discounts all over the place and the streets of parkdom are about half of a reasonable volume (they are)…me thinks he doth misrepresent too much.
This seems like a “we’re in trouble…just won’t admit it” “lever” as anything.
Since bookings at the regular resorts are soft, and those are far cheaper commitments than a decades long real estate contract, I would assume that is very likely though I don't know for sure. I have heard definitively that a ton of international DVC holders (particularly in Canada) are looking to resell or have already resold.
BrianLo
Well-Known Member
DVC Resale Market and Rental Store.
We can name names. The Dis forum is quite aware this operation buys, strips and flips contracts. They provide a service obviously, but they are clearly a major commercial enterprise.
As to your why question from earlier, it’s because the DVC rental market in the whole is cheaper than their cash rates and the company doesn’t want to compete against that. It’s a difference if a well versed visitor can jump through a bunch of hoops to save a buck, versus just going and selecting a no-fuss pre booked reservation on an increasingly corporately malicious group that owns the market.
BrianLo
Well-Known Member
Unless you Own 1000+ points in an LLC and rent out 90% of them on a regular basis, you really don’t have much to fear. Disney isn’t after your 150 SSR points you’ve listed twice on David’s.
They are cracking down on the American brokers. Who very clearly are commercially renting
They are cracking down on the American brokers. Who very clearly are commercially renting
Sirwalterraleigh
Premium Member
I may be a prude…but I don’t approve of those operations at all.
It’s simple to me: you love Disney, you buy dvc. It’s a two way relationship.
You don’t want to outlay or spend that much long term…you book your hotel of choice and visit on your own terms.
Pretty simple. Just to me. Never needed a bloated new tower everywhere being built that crowds facilities so people can rent and swell the prices and roadblock the availability. For one…they don’t add on dvc with enough new services…ever…so I hate that.
I’ll stop before my 37 other reasons
meggo819
Well-Known Member
Do they own contracts/points that they’re renting out? My understanding was that they are just a middle-man between people buying & selling contracts and between those renting & using points.
BrianLo
Well-Known Member
They have a buy now option where they acquire the contracts directly from an eager or distressed owner into one of their LLC’s, strip the points on high value reservations, rent them out on their other platform and then resell them at a marked up price. Collecting commission along the way.
I have purchased a contract from them that one of their LLCs was the owner of and it was stripped.