Historically, September has always been sluggish for developer sale, resales, and even rental transactions. This September appears to have been even more of a dip than usual for direct sales of Disney Vacation Club points.
A recent article from Will Lovato at DVCnews.com states that only 120,348 DVC points were sold by the timeshare developer in September. This amounts to a 43% decline in DVC sales from the prior month. Follows are some notes culled from that report:
Disney Vacation Club Timeshare Sales Numbers September 2012:
Disney's Animal Kingdom Villas was the top sales resort in the DVC system accounting for sales of 69,461 points (down fromo 114,643 in August).
Disney's Saratoga Springs Resort & Spa was second in sales with 21,359 points.
Disney's Bay Lake Tower and the Contemporary Resort was third with 15,403 points (this is being reported as the lowest sale month for Bay Lake Tower since timeshare sales opened in late 2008).
The report also includes some interesting data concerning Disney's recent reacquisitions through foreclosure as well as right of first refusal. Follows is a short excerpt from that section:
"...As with all other resorts, DVD cannot sell more than 98% of Bay Lake Tower's 5.7 million points to the general public. DVD has only about 136,000 points left unsold at Bay Lake Tower. The October Use Year is in shortest supply with about 7,818 points left unsold. The December Use Year is also in relatively short supply with only 16,633 points left unsold. Both of these point totals are higher than the previous month because DVD reacquired more October and December Use Year points in September than it sold..."
If you have never visited the DVCnews.com website, I would encourage you to do so. I have always found it to be one of the premier sources for Disney Vacation Club news and historic data.
Read the full article HERE.
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Showing posts with label Disney Financial News. Show all posts
Showing posts with label Disney Financial News. Show all posts
Disney's Saratoga Springs Classified as a Sold Out DVC Resort Again!
A new article by DVCNews.com reports that Disney's Saratoga Springs Resort & Spa has again been added to the list of Disney Vacation Club sold out resorts. Timeshare sales at Disney's Saratoga Springs first began in late 2003, and it took a little under five years for the first three phases of the resort to be "sold out".
Developer sales were reopened in 2009, with the addition of a fourth phase- the Treehouse Villas at Saratoga Springs. The unique pedestal design and construction of these platform villas resulted in plenty of discussion, but the economy most likely resulted in slower than expected sales for this phase. Disney Vacation Club made a recent push to sell off the remaining interests by cutting prices, and now has removed this destination from it's active list of sale inventory.
Even with the "sold out" designation, buyers will still be able to request add-on contracts for this resort through the developer. Availability will vary as buyers may have to wait for DVC to re-acquire contracts through either foreclosure or the developer right of first refusal process. Buyers can always purchase Disney Vacation Club points via the resale market however through a respected brokerage such as the Progressive Real Estate Agency.
Developer sales were reopened in 2009, with the addition of a fourth phase- the Treehouse Villas at Saratoga Springs. The unique pedestal design and construction of these platform villas resulted in plenty of discussion, but the economy most likely resulted in slower than expected sales for this phase. Disney Vacation Club made a recent push to sell off the remaining interests by cutting prices, and now has removed this destination from it's active list of sale inventory.
Even with the "sold out" designation, buyers will still be able to request add-on contracts for this resort through the developer. Availability will vary as buyers may have to wait for DVC to re-acquire contracts through either foreclosure or the developer right of first refusal process. Buyers can always purchase Disney Vacation Club points via the resale market however through a respected brokerage such as the Progressive Real Estate Agency.
Disney Cancels Plans for Resort at National Harbor
The Orlando Sentinel is reporting that Disney has canceled plans to build a Disney-branded hotel near Washington, DC at the National Harbor development. Disney acquired the fifteen acre property in May 2009 with the intention of developing another standalone resort in a market outside its theme park locations. Currently, Disney Vacation Club operates timeshare resorts in Vero Beach, FL- Hilton Head, SC- and just opened the new Aulani Resort in Hawaii.
Disney has been under pressure from investors to reduce spending following a wave of construction projects that include a $950 million cruise ship, $850 million constructing Aulani, a $1.1 billion makeoverat Disney California Adventure, $4.4 billion in construction planned for the Shanghai theme park, and another billion in infrastructure and improvement at Walt Disney World in Florida. Walt Disney Company Chief Financial Officer Jay Rasulo has promised investors that Disney's future spending will be much lower.
Disney has been under pressure from investors to reduce spending following a wave of construction projects that include a $950 million cruise ship, $850 million constructing Aulani, a $1.1 billion makeoverat Disney California Adventure, $4.4 billion in construction planned for the Shanghai theme park, and another billion in infrastructure and improvement at Walt Disney World in Florida. Walt Disney Company Chief Financial Officer Jay Rasulo has promised investors that Disney's future spending will be much lower.
Walt Disney Company Reports 4th Qtr Profits Up Thirty Percent to $1 Billion
(NYSE: DIS) reported fiscal fourth-quarter profit of just over $1 billion, up thirty percent from the $835 million it made in last year's fourth quarter. Revenue was up seven percent at $10.4 billion. Disney's Parks and Resorts Division saw revenue increase eleven percent in the fourth quarter to $3.1 billion. Disney parks netted income of $421 million, a thirty-three percent increase from 4th Quarter 2010.
Disney's Fiscal Year ended on October 1st, and for 2011 Walt Disney Company posted revenue of $40.9 billion, a seven percent increase from last year. Net income increased more than twenty percent to $4.8 billion. For the year, the theme parks posted income of $1.5 billion, also a double digit increase from 2010.
Disney Cruise LIne also reported higher income, due in large part to the launch of the new ship, the Disney Dream.
The only tough numbers for the year were the high cost of the development of Disneys Aulani Resort and Spa in Hawaii, a decrease at Tokyo Disney due in large part to the impact of the earthquake, and sales at Disney Vacation Club continue to be down.
Disney's Fiscal Year ended on October 1st, and for 2011 Walt Disney Company posted revenue of $40.9 billion, a seven percent increase from last year. Net income increased more than twenty percent to $4.8 billion. For the year, the theme parks posted income of $1.5 billion, also a double digit increase from 2010.
Disney Cruise LIne also reported higher income, due in large part to the launch of the new ship, the Disney Dream.
The only tough numbers for the year were the high cost of the development of Disneys Aulani Resort and Spa in Hawaii, a decrease at Tokyo Disney due in large part to the impact of the earthquake, and sales at Disney Vacation Club continue to be down.
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