Disney Vacation Club

Template:Short description {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} The Disney Vacation Club (DVC) is a vacation timeshare program owned and operated by Disney Vacation Development, LLC,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> a subsidiary of Disney Signature Experiences, a division of Disney Experiences, a segment of The Walt Disney Company. It allows buying a real estate interest in a DVC resort via a flexible points-based membership system. There are an estimated 250,000 club members.<ref name="ocr">Template:Cite news</ref>

History

The first Disney Vacation Club property, known as the Disney Vacation Club Resort (later renamed Disney's Old Key West Resort in January 1996), opened on December 20, 1991 at Walt Disney World.<ref name=wdw>{{#invoke:citation/CS1|citation |CitationClass=web }}

• The Disney Magazine, Spring 1996, Volume 31, Number 2. Page 18.
• Disney A to Z – The Updated Official Encyclopedia, by Dave Smith, 1998. Page 584.</ref> In 1991, Disney had registered its time share plan with the state of Hawaii but did not establish an escrow agreement with Hawaii at the time of its creation. This allowed Disney to advertise its time share company in the state but did not allow for sales.<ref name=hsb>Template:Cite news</ref> On January 17, 1992, Disney Vacation Club was incorporated as Disney Vacation Development, Inc.<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

On March 30, 1993, Disney Vacation Development Inc announced plans for a 440-unit time-share resort Template:Convert south-east of Walt Disney World in Florida<ref>{{#invoke:citation/CS1|citation |CitationClass=web }} The New York Times, March 31, 1993. Page D4.</ref> with ground breaking on July 28, 1994. This resort hotel, today known as Disney's Vero Beach Resort, opened on October 1, 1995, as the Vacation Club Resort at Vero Beach, Florida.<ref name=disaz>Template:Cite book</ref> Disney would then open Disney's Hilton Head Island Resort just five months later on March 1, 1996 in Hilton Head Island, South Carolina.<ref name=disaz0>Vacation Club Resort, Hilton Head Island, South Carolina. Page 584. Disney A to Z – The Updated Official Encyclopedia, by Dave Smith, 1998. Via Chronology of Walt Disney Company (1996 January-June).</ref>

Disney's Animal Kingdom Villas opened its first phase in 2007 at $17,000 for a membership. By September 17, 2008, Disney Vacation Development had two new time share properties being built, Bay Lake Tower and Treehouse Villas in Orlando at existing Disney park hotels and both were to open in 2009. Bay Lake Tower's timeshares were expected to open at $18,000.<ref name=os>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

On October 3, 2007, Disney announced it would open its latest Disney Vacation Club resort on 21 acres it had purchased in Ko Olina Resort, Honolulu/Oahu, with building slated to begin in 2008 with completion in 2011. The resort would offer both DVC units as well as standard hotel rooms for guests of the resort. With the announcement, DVC filed its remaining paperwork to allow its timeshare units to be sold in Hawaii. Three top executives were fired for selling 460 Ko Olina timeshare units for what were deemed unprofitable prices. The Hawaii resort opened as Aulani on August 28, 2011.<ref name=hw>Template:Cite news</ref>

In early 2011, it was reported that Disney had purchased land near National Harbor, Maryland, a suburb of Washington, D.C., to potentially build a resort similar to the three Disney Vacation Club resorts not located at Walt Disney World. In late November 2011, however, Disney announced that it had canceled plans to build a 500-room resort hotel at National Harbor.<ref>Template:Cite news</ref>

In 2011, the company announced that it would no longer allow secondary market DVC points purchasers to use their points on Disney Cruise Line, Adventures by Disney or the Concierge Collection luxury hotel group. In April 2016, Disney Vacation Development also ended the extension of Membership Extras benefits to those who purchase DVC contracts through secondary markets.<ref>Template:Cite news</ref> Disney was one of the last major timeshare companies to eliminate these benefits according to the American Resort Development Association.<ref name="os1">Template:Cite news</ref> In 2019, DVC announced further restrictions on resale purchases. On resale purchases made after January 18, 2019, DVC resale contracts purchased for the original 14 resorts at Walt Disney World, Disneyland, and 3 stand-alone locations will only be able to use their points at those 14 existing resorts and not at the upcoming Riviera and Reflections resorts. Additionally, resale buyers at Riviera will only be allowed to use their points at the Riviera resort.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Starting in mid-2015, DVC began using a nonjudicial foreclosure process forcing auction bidders to be present instead of allowing online bid submissions with the Orange County Clerk of Court's office.<ref name=os2>Template:Cite news</ref> In May 2016 DVC approved Vacatia for DVC resales. This would be in addition to such sales through Fidelity Resales. In May 2016, DVC announced that its new property at Disney's Wilderness Lodge would be called Copper Creek Villas & Cabins.<ref name=os0>Template:Cite news</ref>

A brisk aftermarket with a perceived high resale value exists for the Disney timeshare memberships. In May 2016, Sharket time-share market research company issued a 2015 resale value list (having a score based on resale volume and prices) which saw memberships in Disney Vacation Club locations crowded out the competitors. Saratoga Springs, Bay Lake Tower at the Contemporary and Animal Kingdom Villas were the company's timeshares near the top of the list.<ref name="os1"/>

In November 2019, plans for a 12-story club tower attached to the Disneyland Hotel were filed. The tower opened on September 28, 2023.<ref name="MiceChat" />

In 2021, plans to expand the Villas at Disney's Grand Floridian were announced.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The expansion added approximately 200 studio rooms to the resort. This expansion was completed on June 23, 2022.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2022, plans to construct a new tower at Disney's Polynesian Village Resort were announced.<ref name="PVR">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> On May 10, 2024, it was announced that the name of the new tower would be Island Tower at Disney's Polynesian Village Resort, which opened on December 17, 2024.

On November 26, 2024, it was announced that Reflections – A Disney Lakeside Lodge would instead be named Disney Lakeshore Lodge, which will be opening in 2027 at Walt Disney World Resort.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> This resort is planned to be 10 stories tall and add approximately 900 new rooms.

Membership

To be a DVC member, one must purchase a one-time real estate interest in one of the Disney Vacation Club Resorts, and thereafter pay annual dues. All memberships are sold as either a ground lease or a term-for-years. Their timeshare may not be sold in Nebraska.<ref name=hsb/> Disney includes a right of first refusal clause in their membership contracts and uses a nonjudicial foreclosure process. The company has only two approved resale companies, Fidelity Resales and Vacatia.<ref name=os1/> Disney also provides time-share loans for the purchaser.<ref name=os2/>

Locations

Property	Co-located	Location	Units	Opened	Source
The Villas at Disney's Grand Californian Hotel	Grand Californian Hotel	Disneyland Resort	71	Template:Dts	<ref name=os/>
The Villas at Disneyland Hotel	Disneyland Hotel		340	Template:Dts	citation	CitationClass=web }}</ref>
Bay Lake Tower	Contemporary Resort	Walt Disney World Resort	300	Template:Dts	<ref name=os/>
Animal Kingdom Villas	Animal Kingdom Lodge		708	Template:Dts	citation	CitationClass=web }}</ref>
Beach Club Villas	Beach Club Resort		282	Template:Dts
BoardWalk Villas	BoardWalk Resort		530	Template:Dts	citation	CitationClass=web }}</ref>
Polynesian Villas & Bungalows	Polynesian Village Resort		380	Template:Dts	citation	CitationClass=web }}</ref>
Island Tower at Disney's Polynesian Villas & Bungalows			360	Template:Dts	<ref name="PVR" />
The Villas at Disney's Grand Floridian Resort & Spa	Grand Floridian Resort & Spa		147	Template:Dts
Boulder Ridge Villas	Wilderness Lodge		181	Template:Dts	citation	CitationClass=web }}</ref>
Copper Creek Villas and Cabins			185	Template:Dts	<ref name=os3>Template:Cite news</ref>
The Cabins at Fort Wilderness	Fort Wilderness Resort & Campground		300	Template:Dts	citation	CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Disney Lakeshore Lodge	Fort Wilderness Resort & Campground		900(TBD)	2027(TBD)
Old Key West Resort	N/A		761	Template:Dts	<ref name=wdw/>
Saratoga Springs Resort & Spa			888	Template:Dts	<ref name=os/>
Riviera Resort			300	Template:Dts	<ref name="atm">Template:Cite news</ref>
Vero Beach Resort		Vero Beach, Florida	211	Template:Dts	<ref name=disaz/>
Hilton Head Island Resort		Hilton Head Island, South Carolina	123	Template:Dts	<ref name=disaz0/>
Aulani		Ko Olina, Oahu, Hawaii	460	Template:Dts	<ref name=hw/>

Additionally, participating non-Disney owned destinations are available via exchange through Interval International<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

See also

• Timeshare

External links

• Template:Official website