New DVC a done deal ...

Originally Posted By EPCOT Explorer

>>>Answer 22,000 families buying in every year for the last 7-8 years. If they lay out the same amount of cash for a new land- what is the 'somewhat guaranteed ' return on that outlay ? Questionable at best isn't it ? There is not another instant success Harry Potter theme out there-- not Star Wars today, not Lord of the Rings and not Disney owned property.

We are in the midst of the worst economic time of our lifetimes here....will nilly spending without some comfort level of ROI just ain't gonna fly.<<<

And you think 22000 families are going to buy into this? The market is saturated already! That's just the opposite of the willy nilly spending you are talking about.

 

Originally Posted By EPCOT Explorer

>>>have you stayed at a DVC unit ? Have you seen the activities planned all day and into the night for each that supply some level of entertainment for those who do not want to commando the parks all day ?
How unique do you want a place to stay to be ? No one is going to install a rolley coaster in one if that is what you are looking for.
People need nice places to stay while at WDW also - otherwise there would be one huge Motel 6 on International Drive<<<


Yeah, that's great. They already have too many places in WDW for that.

I doubt they need more.

 

Originally Posted By EPCOT Explorer

Missed my 101 post...


So....I'm doing it anyway!


101 Debating Disney Vacation Club Dalmatians..

 

Originally Posted By Mickeymouseclub

I am curious if this discussion is taking into consideration WDW and DL have 2 unique audiences to attract. WDW vacationers need more lodging options and they seem to REALLY crave character meetngreets. I never paid much attention to this until I waited on Main Street for the Easter Parade. A huge never ending line just for ChipnDale with all age groups staying in line even with a wait for their necessary breaks. ANd across the street another long line for characters. Is this your first option when you enter DL...maybe for Mickey or Minnie first thing in the morn. ANyway I really did not like the announcements for FL but I guess this makes it understandable. ANd the need for a uniquely themed hotel near the MK Circle of real estate is plausible.
<Disclaimer I am a DVC owner and frequent WDW/DL guest with the Premiere Pass to both Parks.>

 

Originally Posted By vbdad55

To that, I ask if you really think that they can fill all these rooms, when current ones are discounted to get people in.

-- apples and oranges as have you ever tried to get an additional few days in a DVC unit - especially in summer or a peak period ( when other rooms are also discounted ) -it isn't easy, a few times I moved to non DVC units to stay extra time.
Can I guarantee they're full- no, but I can guarantee that they are 'paid for' at a 95% clip level ( leaving 5% for rental) whether someone is in them or not- also can guarantee the maintenance to sustain them is also paid for .. that makes quite a difference in 'cash flow' whther received up front or not.
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I also ask...How do you know that a new attraction wouldn't have a better effect on attendance?

--- how much better does it have to be to pay for a $500M adddition ? $250M addition? If the same people come but stay 1 extra day does that do it ?
Can you guarantee that because they build it people who were not coming anyway will flock to WDW ? No-
thatis why I am saying in current economic conditions not smart... one need look no further than towns like Vegas and Phoeniz to see that just because one builds something- if it is not paid for while being built- it doesn;t mean people will come.

I think if you or anyone presented a plan for an addition that 'somewhat guaranteed' a favorable ROI they would be all over it...the issue is I don't think anyone can..at least today

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But a new attraction has traditionally garnered more buzz, more news, and thus more attendance, for the parks


well of course- a hotel isn't going to garner buzz-- but why did Uni build additional hotels on their lcoation from where they were also ? Do they have the room to build out like WDW ? You don't think their mnanagement would if they could ? - then you're kidding yourself.

 

Originally Posted By vbdad55

Yeah, that's great. They already have too many places in WDW for that.

I doubt they need more.
--- you've surveyed the guest to know that then ? Yep for you they already have enough places...bring on the deeply financed attractions instead, let's roll the dice and forgo opportunites where the place will pay for easily before it opens. I am glad you are not running Disney or my company.

 

Originally Posted By vbdad55

And you think 22000 families are going to buy into this? The market is saturated already! That's just the opposite of the willy nilly spending you are talking about
---- was last year a bad economic time ? How many closing in the county for DVC units ?
I can't explain why, I wouldn't be buying into DVC today..but people are.

 

Originally Posted By Mickeymouseclub

Another thing about DVC is they can easily fill the vacant rooms by opening up reservations to non DVCers. SO a DVC is a win-win opportunity for a Hotel: A guaranteed revenue source with owners and curious visitors happy to book a room w/out ownership.
And another thing about those discounted Value resorts;I will never believe Disney gives anything away no matter how much it is discounted. They know how to get all your money once your foot is in the door!

 

Originally Posted By EPCOT Explorer

>>>Can you guarantee that because they build it people who were not coming anyway will flock to WDW ? No-
thatis why I am saying in current economic conditions not smart... one need look no further than towns like Vegas and Phoeniz to see that just because one builds something- if it is not paid for while being built- it doesn;t mean people will come<<<

I definitely can. Look at the swell of people IoA got this year. Look at how people that never cared about Universal were sucked in. I was. A new "exclusive" Hotel really doesn't do that when they current ones are still almost all available.


>>>I think if you or anyone presented a plan for an addition that 'somewhat guaranteed' a favorable ROI they would be all over it...the issue is I don't think anyone can..at least today<<<

Nope, it's just the fact that Disney, these days, HATES to do anything with the slightest bit of risk in it. Which is understandable, but honestly, it's DISNEY. If they are going to put out an attraction that's well thought out, well budgeted, and something really new, it's going to do well.

They only fail in the attractions department when management cuts down on the creativity of WDI, or limits them to doing the same old stuff with synergy.

 

Originally Posted By HokieSkipper

<<Another thing about DVC is they can easily fill the vacant rooms by opening up reservations to non DVCers. SO a DVC is a win-win opportunity for a Hotel: A guaranteed revenue source with owners and curious visitors happy to book a room w/out ownership.
And another thing about those discounted Value resorts;I will never believe Disney gives anything away no matter how much it is discounted. They know how to get all your money once your foot is in the door!>>

ALL of the rooms at WDW are receiving heavy discounts. Not just the Value resorts.

 

Originally Posted By EPCOT Explorer

>>>et's roll the dice and forgo opportunites where the place will pay for easily before it opens. I am glad you are not running Disney or my company<<<<

Yes, let's. Let's actually do something new in the entertainment business, like we used to do.

Not build timeshares.

 

Originally Posted By Kar2oonMan

The timeshares are clearly something there's a market for, so that's cool. But there wouldn't be a market for them at all without the parks. And it's been awhile since there has been something big and newsworthy added to the parks side of the equation.

 

Originally Posted By MPierce

Is Disney building DVC units in order to grow their attendance or to meet an existing need for condos at WDW?

 

Originally Posted By Mickeymouseclub

There does seem to be a need for larger family style units. ALso at DL the annual passes almost guarantee to keep people coming back. That investment is a huge Hook. At WDW DVC has fit that bill also. Every year you have a vacation and you have a timeshare...who is going to get the average family vacation budget? DIsney knows the answer to that.
Also I went to Universal this summer and spent one night on property and then went to WDW on property for the rest of my visit. Disney still came out ahead with my money.Next summer my Ca?DL relatives want to see Potter at Universal. So 2 nights at Universal and a week at WDW. DIsney wins again.

 

Originally Posted By Mickeymouseclub

I imagine Spirit is not surprised we are focusing on the DVC rumor and not the shock of everything else he experienced most recently. It surprises me that WDW would convert this property for DVC before they would "take over" the other Contemporary wing. Maybe they are leveling that land at FT.Wilderness to use as the construction site for all the trucks and onsite stuff needed while they convert the Contemporary wing since space is very tight there. Just a thought.

 

Originally Posted By davewasbaloo

I will say this, if DVC had units other than the South East US when we bought our MVCI membership, we may have been DVCers. In fact, if Aulani turns out nice, coupled with the Grand Californian, and if there were European DVC options, then I would be tempted to add to my portfolio. The one key issue I have is the diminishing quality of the Disney products (though Saratoga Springs seemed to step up quality).

 

Originally Posted By vbdad55

I definitely can. Look at the swell of people IoA got this year. Look at how people that never cared about Universal were sucked in. I was. A new "exclusive" Hotel really doesn't do that when they current ones are still almost all available.
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EE really you are talking in circles - NO ONE ever said a hotel attracts people to it for itself alone -- show me where that was EVER said. Maybe a career in politics is in order ?

What was said is that Disney not spending money right now on rides is NOT due to building DVC units. Also what was said is that DVC units bring in case upon construction, rides mostly do not.

So where on earth are you reading where anyone here has said the DVC units ARE the attraction ? Really getting silly

 

Originally Posted By vbdad55

If they are going to put out an attraction that's well thought out, well budgeted, and something really new, it's going to do well.

you mean as well as Mission:SPACE ?

 

Originally Posted By HokieSkipper

<<you mean as well as Mission:SPACE ?>>

Considering Mission: Space wasn't well thought out, I'd say Expedition Everest is a much better example.

 

Originally Posted By vbdad55

ALL of the rooms at WDW are receiving heavy discounts. Not just the Value resorts
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in a time when travel is down everywhere would you not xpect this ? Are all other rooms in Orlando going rack or is my inbox for Marriott Rewards and Hilton Honor offers not real? Give me a $100 Visa card to book 2 nights at a discounted rate ?

The economy blows right now..but again DVC rooms are paid for ..in a sense..(I'm not going to claim completely because there are many factors )