Six more Units have been declared for the Disney Vacation Club inventory at the Villas at Disney's Grand Floridian Resort & Spa. This latest declaration contains a total of 12 two-bedroom vacation homes and 281,040 points.
Disney Vacation Development has now declared all six of the resort's Grand Villas and 84 of the 94 two-bedroom vacation homes for the Disney Vacation Club membership. In terms of points, 90.71% of the Grand Floridian's 2,520,800 points are now declared for the Disney Vacation Club inventory. This means that on any given Use Day, 90.71% of the resort can be booked by members using points.
The declaration was filed by Disney Vacation Development on August 12, 2014, and recorded by the Orange County Comptroller on August 18, 2014.
This represents the second declaration for the Grand Floridian since sales began in May 2013. The last declaration was done on June 10, 2014, and included only four two-bedroom vacation homes.
As of August 14, 2014, Disney Vacation Development has sold 61.96% of the Villas at Disney's Grand Floridian Resort. Including the 281,040 points in this declaration, it has 724,802 declared but unsold points in its inventory. However, Disney Vacation Development had been running low on points in some Use Years including the March and April years for which it has less than 10,000 points available to sell to the public. In all likelihood, Disney Vacation Development will assign the March Use Year and the April Use Year to some of these newly declared Units to help support sales.
Probably not. There are two factors that work against a new declaration having an immediate impact on pending wait lists, at least those wait lists for the next few months.
First, although this latest declaration wasn't filed until August 12, 2014, its possible that DVC anticipated making this declaration many months ago. DVC could have let Members start booking up to 90% of VGF back in January, as long as their stay was no earlier than August 12th. This means that the 12 additional two-bedroom vacation homes that were just added to the DVC inventory might have already been booked months ago.
Second, almost all of the villas at VGF between now and the end of the year have already been booked, either by DVC Members using points or by cash guests. Remember, Disney Vacation Development owns all vacation homes that have not yet been declared for the DVC inventory. Even if additional inventory is declared, DVD still owns the underlying points until they are sold to the public. Either way, DVD can do what they want with the inventory, including renting them out as cash reservations.
It would not surprise me if 100% of VGF is declared before the end of the year. If so, VGF will be fully declared in less than 19 months from the time sales started. Bay Lake Tower took over 33 months before it was fully declared, and Animal Kingdom Villas took about 76 months.
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Although the latest declaration was filed on August 12, 2014, by Disney Vacation Development and recorded on August 18, 2014, OCC, all 10 deeds were sold prior to the date the declaration was filed. Two of the deeds were sold as early as August 4, 2014.
Unit 07B was assigned to the March Use Year. This is only the second Unit at VGF assigned to the March UY. March is the least common UY at VGF, accounting for only 3.97% of the resort's total points. The September UY is the next smallest UY with 6.76% of VGF's total points. The UY with the largest number of points is December with 14.87%.