Current Year Maintenance Fees and Carry Points

[baldburke]

This topic may be somewhat redundant as I see there already is a thread mentioning carrying points. The reality is that financial analysts are saying that Disney might not reopen their parks until 2021.

Akin to insurance companies giving users refunds, should we be getting a portion of our maintenance fees back? I understand you are damned if you do and damned if you don't that any refund now would probably result in higher fees next year. The internal wear and tear is obviously halted with parks being closed, but I'm sure building exteriors take a beating under Florida weather conditions.

The other thread discussed will we get to keep our points longer with potentially nine months of this year knocked out for travel. However, my question is would Disney allow for great DVC capacity rates to allow users to get back up to speed on their points? We have about 300 points per year, but if you are a family with a thousand or thousands of points per year then could you catch up?

Bonus question, is anyone aware of any history of DVC member class action suits against Disney? Lawyers will be laughing all the way to the bank once the dust from COVID-19 settles.

[missymouseworld]

While I don't have any answers to your questions, I did get a response back from an email I wrote regarding banked 2018 points that would be lost due to my recent trips being cancelled because of the recent closures, etc.

They said they haven't made any changes to their banking or expiration policies due to the impact this could have on future inventory. They are currently evaluating options for members who were close to the end of their use year, and will have to delay any decisions until they better understand how long COVID-19 will impact operations.

I heard somewhere it is like an insurance company....they wouldn't say how much they will pay for damage while a hurricane is going on, they will have to wait until it is over to access the situation.

While it is not the members fault they couldn't use their banked points before the use year ends because of cancellations or closures, I guess this is a situation that has never happened before and they are in unchartered territory.

[CantonMich]

Funny, I was discussing this "inventory" issue with my DW last week. She had a brilliant idea Disney should consider: Extend the expiration of your contract by one year. (Our contract ends in 2042, so our new expiration year would be 2043.) This may delay some revenue in a couple decades, but will have virtually no impact on the current stock price and keep the "inventory" in balance.

[baldburke]

Funny, I was discussing this "inventory" issue with my DW last week. She had a brilliant idea Disney should consider: Extend the expiration of your contract by one year. (Our contract ends in 2042, so our new expiration year would be 2043.) This may delay some revenue in a couple decades, but will have virtually no impact on the current stock price and keep the "inventory" in balance.

Brilliant! Let's see if the bean counters go for it...

[faline]

Disney has made changes to the banking and expiration policies. If folks have used 2019 points for reservations that fall within Disney's period of closure and those points are set to expire, those points will be extended for one year from the current expiration date. 2018 points that were banked into 2019 and used for reservations will be extended for six months from the current expiration date. This only applies to points that were used to book a stay during the time Disney has been, or will be, closed. Additionally, those who want to borrow points to make a reservation this year will only be able to borrow 50% of future use year points. This is a temporary measure to help Disney manage inventory. Annual dues will be reviewed when they are setting up statements for the end of this year. They are proposing providing a credit IF their association has an operating surplus. This comes from an e-mail I received about a week ago.

[missymouseworld]

Disney has made changes to the banking and expiration policies. If folks have used 2019 points for reservations that fall within Disney's period of closure and those points are set to expire, those points will be extended for one year from the current expiration date. 2018 points that were banked into 2019 and used for reservations will be extended for six months from the current expiration date. This only applies to points that were used to book a stay during the time Disney has been, or will be, closed. Additionally, those who want to borrow points to make a reservation this year will only be able to borrow 50% of future use year points. This is a temporary measure to help Disney manage inventory. Annual dues will be reviewed when they are setting up statements for the end of this year. They are proposing providing a credit IF their association has an operating surplus. This comes from an e-mail I received about a week ago.

I called about my banked points that were going to be used during a Spring Break reservation that was cancelled and they said they were only extending banked 2018 points with April or June use years. My use year is October and would not be eligible at this time. I told them I won't be travelling before Oct. 1st and those points were used for 2 trips that had to be cancelled because of the closure, but they still said only April and June. It isn't my doing that the trips were cancelled, but I am stuck right now with points that won't be used. :confused::mad::sick:

[Cinderelley]

I called about my banked points that were going to be used during a Spring Break reservation that was cancelled and they said they were only extending banked 2018 points with April or June use years. My use year is October and would not be eligible at this time. I told them I won't be travelling before Oct. 1st and those points were used for 2 trips that had to be cancelled because of the closure, but they still said only April and June. It isn't my doing that the trips were cancelled, but I am stuck right now with points that won't be used. :confused::mad::sick:

That isn't right. Since they are the ones who chose to close, they shouldn't penalize you. Can you use them to book hotel rooms later on?

[missymouseworld]

At this time, they can only be used to travel before October 1, 2020 at WDW Vacation Club resorts.

[1DisneyNut]

Oh the joys of a timeshare. lol

It will be interesting to see how they handle this mess. There is no way to make everyone happy because some people can only travel at certain times and you can't even plan a vacation for the near future right now.

DVC is yet another reason why they will reopen the parks as soon as they possibly can. They will shift the burden off of themselves and put it onto DVC members to decide whether or not they are willing to come to WDW for a vacation or lose their points.