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Old 12-11-2008   #23 (permalink)
gatour
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Join Date: Aug 2003
Location: Jacksonville
Posts: 744
Re: I heard a rumor today...

It wouldn't surprise if bookings are okay for this holiday season, since those plans were made months ago. However for the first half of next year, vacation plans would probably would have been made in the last few months continuing until now and light of the current situation I imagine people are not making vacation commitments.

During the last crisis Disney shutdown POFQ and suspended building the additional Pop buildings, so I can see Disney shutting down/closing (pick your euphemism) hotel(s) for a period of time.

As for DVC, that is a different situation. For the older DVC resorts like OKW, they can't simply shut it down since all of the members probably already own their "units" (yea i know technically points) if they financed the purchase price.
As long as most of the members keep current on their yearly charges then there is no reason to shut down a DVC resort. If many members start to default on the yearly charges that is a different story.

The other situation the new Bay Lake tower, other timeshare companies in Orlando are drastically cutting back on staff, claiming that it is not because of no willing buyers but lack of financing for the time share companies to build more buildings. If the other timeshare companies are telling the truth and if DVC is self-financing the actual building costs then DVC should be okay.
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