jtkboston
hooked on cruising
- Joined
- Aug 15, 2012
I was at Aulani last week, and took a quick tour of the 3BR grand villas and a 2BR-lockout unit. (We were staying in a 1BR unit.) They didn't have any dedicated 2BR units available for tours.
I got to thinking about how they would have some rooms available to show (specifically the grand villas that I know are in high demand), when there were no room categories available to book for this week, according to the resort availability tool. Having read some other posts about DVD declaring inventory into the timeshare, I think what is going on is roughly this:
DVD declares a percentage of resort points (via the internal accounting of Units) into the timeshare. Those points can be sold. The total room nights those points represent are made available for members to book. Say 50% of the Units are declared, then 50% of the villas on a given night would be available for member reservations?
DVD retains exclusive control over the undeclared Units and the points they represent. DVD may rent out rooms covered by these points for cash, or do other things with them.
While a resort is not sold out/has undeclared Units in it, members may not be able to reserve all the DVC villas on a given night--only the portion of the rooms that are covered by the declared Units are available to members. But the specific rooms available could be anywhere in the resort? Asked another way, I think the Units represent undivided fractional ownership interests in the whole set of villas at the resort, not a specific subset of the villas?
The net of this is that, because DVD has some undeclared Units available, it can take villas out of service to use for sales tours/model villas? And the remaining villas represented by these Units can be rented for cash.
Later, when a resort is fully sold, DVD may have declared all of the Units, thus all villas are available for member reservations? Or perhaps it holds one or more Units in reserve so that it has flexibility to take villas out of service for maintenance, sales, etc.?
Does that match the reality of the legal structure of the timeshare, and the way DVD manages the resorts when they are still selling points and after they say it's sold out?
I got to thinking about how they would have some rooms available to show (specifically the grand villas that I know are in high demand), when there were no room categories available to book for this week, according to the resort availability tool. Having read some other posts about DVD declaring inventory into the timeshare, I think what is going on is roughly this:
DVD declares a percentage of resort points (via the internal accounting of Units) into the timeshare. Those points can be sold. The total room nights those points represent are made available for members to book. Say 50% of the Units are declared, then 50% of the villas on a given night would be available for member reservations?
DVD retains exclusive control over the undeclared Units and the points they represent. DVD may rent out rooms covered by these points for cash, or do other things with them.
While a resort is not sold out/has undeclared Units in it, members may not be able to reserve all the DVC villas on a given night--only the portion of the rooms that are covered by the declared Units are available to members. But the specific rooms available could be anywhere in the resort? Asked another way, I think the Units represent undivided fractional ownership interests in the whole set of villas at the resort, not a specific subset of the villas?
The net of this is that, because DVD has some undeclared Units available, it can take villas out of service to use for sales tours/model villas? And the remaining villas represented by these Units can be rented for cash.
Later, when a resort is fully sold, DVD may have declared all of the Units, thus all villas are available for member reservations? Or perhaps it holds one or more Units in reserve so that it has flexibility to take villas out of service for maintenance, sales, etc.?
Does that match the reality of the legal structure of the timeshare, and the way DVD manages the resorts when they are still selling points and after they say it's sold out?