So - what if Disney takes federal money? IMO if they take tax dollars then they need to be more cooperative.
DVC does not own AoA, nor any other Disney hotel. DVC cannot just book hotel rooms without paying for them. Payment comes in the form of trading DVC villas to Disney CRO for the purpose of booking those villas for cash reservations. Any solution that addresses the points lost by owners who booked late March, April and perhaps even later will have to have a minimal impact on all owners. Taking villas out of inventory to pay for hotel rooms does not solve the problem.
However, they are all part of the same corporation, and they certainly could work out the internal accounting.
The air lines are making whole customers who purchased airline tickets. The airlines stock holders are not whole, they have taken a beating. Disney has made whole those who rented rooms, nobody is paying the rental fee for a hotel room and being told they can't stay there. You aren't 'renting from DVC', you are an owner, and likely far better off than those who own the airlines. I say this as someone who loses 65 points if this last until end of August. I hope that doesn't happen but that's life if it does. I read 'no fault of our own', true, but everything being closed isn't Disney's fault either.
This!
Christine M. McCarthy Senior Executive Vice President and Chief Financial Officer for The Walt Disney Company, had total compensation in 2019 of $14,974,155 (per the proxy statement filed with the SEC) I would think that indicates she is probably pretty good at her job and could work through the complexities.
In most cases your right - but not in all. There are still some airlines flying empty planes and not canceling flights so that you cant get a refund. Public pressure might change that - but I can tell you right now its happening.
Other timeshares are having the same issues. If you want actual examples, read the Timeshare Users Group forums -
I agree - I don't think we can expect any resolution to this question until DVC can know how many points are affected and what the alternatives are. The option to use points for non-DVC resorts sounds reasonable and attractive to me but may or may not be feasible for Disney. I think Disney might also or instead release more of their own points to owners instead of putting them up for cash reservations - again, that sounds reasonable and attractive to me, but I can't speak for Disney.
Actually HGVC decided that 2019 points which was banked to 2020 should be extended to 2021
Thanks - I don't follow that board on TUG, so I didn't realize. They're exceptional!
Sending thoughts your way. I hope your relatives make a full recovery.
That's a blast from the past! I saw an old DISer there I have not seen in forever.
I assume you are talking about @Dean I miss him. I made a comment a few years ago that Dean's posts were like the roles that Morgan Freeman plays in most of his movies. After all the viewers are totally confused and lost, Morgan Freeman's character comes in and explains it.
btw why did he stop posting here?
He does the same on TUG, and I really enjoy reading his posts there as I did here.
Yeah, I wonder too.
