Disney Vacation Club, unlike many other brands in the timeshare industry is incredibly popular. In fact, there is often a waiting list for people wanting to join the exclusive club. But the prices match the popularity of the sought-after fairy-tale getaway. Disney Vacation Club is arguably the most reputable and sought-after timeshare program on the market today. In fact, the Disney timeshare division has become amongst the highest rated in the world and has the most robust resale markets in the whole of the industry.
A basic timeshare unit in your favourite Disney resort can start anywhere between £20,000 upwards. As the world starts to re-open its doors to visitors and we can start to think about holidays again, Disney has started to see a steady increase in their occupancy rates. Now they are looking to capitalise on the popularity of its timeshare units by turning some of its existing hotel rooms into timeshares.
DVC are aware of the popularity of the brand and by locking people into contracts it ensures customers still pay all year round. Locking in guaranteed return visitors is perhaps a sensible move to keep those fees coming in and ensuring people cannot cancel and get their money back like they could if they booked a regular non timeshare vacation.
Last week Disney announced they would be converting some of the existing rooms at Grand Floridian Resort to Disney Grand Vacations and part of the resort will be turned into timeshare offerings which will open next year in The Big Pine Key building. The shift to timeshare units at the resort means DVC will turn existing room into 200 new studios without requiring major updates and reconstruction. Disney say each studio will accommodate up to 5 people.
This move by Disney is a clever one as it locks people into contracts and guarantees the resort income. It also means that the occupancy rates at this resort will stay higher than it typically experiences as it is less popular than the other non-timeshare Disney hotels. This maybe because of the price Disney demand for rooms at The Grand Floridian, which typically charge around a staggering $4,000 per night for a luxury room. In addition to locking people into hotel stays, it also means Disney will have a guaranteed footfall at the theme parks as visitors and timeshare owners have exclusive access and discounted theme park tickets that can almost certainly mean customers keep returning.
People who enter Timeshare agreements often find it difficult to keep up with the mounting maintenance fees and simply cannot afford it any longer. They may also find that the Timeshare no longer suits their needs and simply want to end the contract. There are too many individuals who are willing to take advantage of Timeshare owners and offer fake products, along with Timeshare exit schemes. Before agreeing to any Timeshare termination or exit procedure with an individual or company, seek independent advice and fully research any company you are thinking of working with.
It is also important to remember that purchasing a Timeshare should NEVER be viewed as a financial investment. Timeshare is an investment in lifestyle, in future holidays and family time together. There is almost no resale value to a Timeshare.
The mis-selling of holiday products is, unfortunately, common practice within the holiday industry and these types of crimes often go unreported by the most vulnerable in our society and criminal convictions are few and far between.
If you have purchased a Lifestyle / Concierge Service, a Timeshare or a ‘Holiday Points’ based product from a resort or company and feel unhappy with the service, or feel you have been mis-sold this product, please get in touch with us to discuss how we may be able to help you with a possible Money Back Claim.