Disney Vacation Club Announces New Development Project at Disney's Polynesian Resort
Disney Vacation Club will have three resorts along the monorail system
Celebration, Fla. (Sept. 17, 2013) – Today, Disney Vacation Club announced that its planned next location will be at Disney's Polynesian Resort, located on Seven Seas Lagoon at Walt Disney World Resort. When this resort is completed, Disney Vacation Club will have destinations at all three resorts on the monorail system, allowing easy access to Magic Kingdom Park.
The planned development project at Disney's Polynesian Resort, when completed, will join Disney Vacation Club's 12 other properties, including The Villas at Disney's Grand Floridian Resort & Spa, scheduled to open Oct. 23. Construction on the Polynesian project began this month, and completion is estimated to be in 2015. In addition to the Disney Vacation Club project, other guest areas within Disney's Polynesian Resort will undergo refurbishment. More information and project details will be shared at a later date.
Disney Vacation Club debuted in October 1991 with a flexible, vacation point-based model rather than the traditional fixed-week timeshare model. Disney Vacation Club is approaching a total of 200,000 member families from all 50 states and approximately 100 countries who have discovered the joys of membership.
Disney Vacation Club members are able to choose from among a variety of vacation destinations, including a stay at any Disney Vacation Club Resort or at more than 500 other destinations around the world, and when they purchase directly from Disney, members also can take trips on one of the Disney Cruise Line ships or guided vacations with Adventures by Disney. Additionally, vacations at a Disney Vacation Club Resort can last from one night to several weeks.
For more information about Disney Vacation Club, visit www.disneyvacationclub.com.
ABOUT WALT DISNEY PARKS AND RESORTS
Walt Disney Parks and Resorts are where families' vacation dreams come true. More than 50 years ago, Walt Disney created a new kind of entertainment that families could experience together, immersed in detailed atmospheres and vibrant storytelling and classic Disney characters. His vision now includes a collection of five of the world's leading family vacation destinations - Disneyland Resort, Anaheim, Calif.; Walt Disney World Resort, Lake Buena Vista, Fla.; Tokyo Disney Resort, Urayasu, Chiba, Japan; Disneyland Paris, Marne-la-Vallée, France; and Hong Kong Disneyland Resort, located on Lantau Island. In addition, Walt Disney Parks and Resorts includes the world-class Disney Cruise Line; Disney Vacation Club, with its soon-to-open 12th resort, The Villas at Disney's Grand Floridian Resort & Spa; Adventures by Disney, a guided group vacation experience to some of the world's most popular and exotic destinations; and Walt Disney Imagineering, which creates and designs all Disney parks, resorts and attractions.
Thanks TimK for the early announcement and a tip of the hat to Tikiman for learning about it first.
In VGF's case, construction walls around the work site were put up around July 11, 2011. The resort is scheduled to open October 23, 2013, about 27 months later.
If the Polynesian DVC takes about the same time, then it would open in December 2015.
However, its just a guess that the Poly DVC would take the same amount of construction time as VGF because the two projects might be quite dissimilar. VGF was a brand new building constructed on essentially cleared land. The Poly DVC will probably involve a major renovation to existing building(s) as well as some new construction. Plus, as pointed out in the DVCNews article, Disney is undertaking other renovations at the Polynesian resort, which may or may not complicate the construction efforts of the DVC portion.
It will be interesting to hear how many vacation homes the Poly DVC will have.
VGF sales began five months before the scheduled opening of the resort. Sales for BLT began about 10 months before it opened on August 4, 2009.
Right now, AKV, Aulani, and VGF are being actively marketed by Disney Vacation Development. I don't have any data on Aulani's sales, so I don't know how many points DVD has left to sell at that resort. However, given that Aulani is "offsite" from Walt Disney World, I don't think its a major factor on sales at WDW. DVD has less than 487,000 AKV points that it can sell to the general public. At the rate of current sales, AKV should reach the "sold out" point within the next six months.
DVD has sold over 19% of VGF's 2.5+ million points. If sales remain constant, VGF would reach "sold out" status in about 15-16 months.
However, DVD exerts some control over the flow of sales. If it wants sales to drag out for awhile, it merely has to raise the price.
Personally, I don't think running out of points to sell is a major problem that DVD worries about.