Friday, May 29, 2020

Disney’s subtle clarification

While the initial report said that they wanted to open select hotels and resorts to guests on July 11th, they amended that and said resorts would not be open. They'll open them "at a later date"

But DVC will still be open, beginning on June 22nd.

The change suggests that they will be catering almost exclusively to dvc guests in the near term. As I mentioned in my previous post, Disney is contractually bound to these timeshare owners. There are certain rights and responsibilities that both Disney and the "fractional owner" has, and Disney has to provide the rooms.

Now owners can start using their points, and it avoids Disney having to amend terms of the agreement, or carryover points for most guests (points expire and there is a financial burden to Disney in extending them). And it stops owners from potentially suing for breach of contract.

This is fairly savvy of Disney. And of course, they can put these guests in deluxe rooms at other resorts at some exchange rate if there is a large number of people taking advantage of the opportunity for a vacation.

With that being the case, I would guess that will mean at least a few reservations will be available to annual pass holders. Disney extended passholder expiration dates by 117 days, so it makes sense to let people use them. But without hotels, only locals can take advantage of this for now. I'm sure they figured out the number of guests that could mean based on historical data, and they will use that to their advantage in determining capacity.

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