When it comes to companies that have high loyalty rates, Disney is sure to be near the top. There are families that would never dream of taking their vacation anywhere other than the Disney Parks and Resorts. However, with the uncertainty many have faced during the last year and a half, many families have put traveling to Disney on the back burner.
Since March 2020, traveling has been something that many people are not really willing to do. People are worried about going on vacation because they feel uneasy surrounding themselves with people that they don’t know — and now, those who are vaccinated may not want to be around those who are not. Whatever the reason, many people are hesitant to travel as they once did, and that includes some Disney Vacation Club members.
Disney Vacation Club (DVC) is a timeshare program that allows Guests to purchase Disney Vacation Club points, so they can stay at not only Disney-owned Resort hotels but also at locations throughout the world. Depending on what time of the year they travel and where they would like to stay, different locations will cost different amounts of points per night. However, with the pandemic still going strong, many DVC members are not using their points as often as they once did.
According to DVC News, some Disney Vacation Club members are receiving emails from Disney offering to buy back the points that they have not used. At first, buybacks were only being offered for those who had purchased points for Walt Disney World’s Old Key West Resort, but now Disney is also offering buybacks for points purchased for Disney’s Animal Kingdom Villas and Saratoga Springs Resort & Spa.
Interested members must contact DVC to receive a buy-back price on their specific contract. Offers are generally in the range of $80-100 per point, depending on the resort, size of the contract and status of points. These rates are lower than what can be obtained on the resale market. Disney Vacation Club is attempting to appeal to buyers who seek a quick return, without the need to engage a resale broker, attract buyers and pay broker commission. The website dvc.market has details on recent resale transfer prices for all resorts.
DVC can then sell the re-acquired points to new owners. Direct sale prices are currently $186 per point for Animal Kingdom, $170 for Old Key West and $165 for Saratoga Springs. In the case of Old Key West, contracts repurchased with a 2042 ending date can be merged with the 15 added years and sold by DVC with the 2057 end date.
In their emails, Disney is acknowledging that over the past year and a half, things have greatly changed for the world and for people’s lives in general. Because of all of the uncertainty, they are offering to buy back points that Guests have not used in a while. The email Disney sent states the following:
We recently noticed that you haven’t been utilizing your Disney Vacation Club Resort. It is always our goal to ensure that you are getting the most out of your Membership so that you and your family can enjoy magical vacations year after year.
We understand that now may not be the right time for you and your family to travel. Or perhaps you were saving up for that extra special vacation. Don’t forget that you can bank points from your current use year to give you even greater flexibility for future vacations.
However, if your family has decided that your Disney Vacation Club Resort isn’t the right fit for you right now, we would welcome the opportunity to speak to you if you are interested in selling back your ownership interest at Disney’s Old Key West Resort.
While we never want to see a Member leave, we understand that sometimes circumstances change. If this is the case for you and your family, please contact us at 800-782-6767 to speak with a Quality Assurance Cast Member. Business hours are 9am-6pm EST, 7-days a week.
Additionally, for a limited time, you may be eligible for a 10% increase over the price per point that Disney Vacation Club would currently offer when choosing to exercise its options to reacquire an ownership interest.
Disney has not said that this time whether or not the offer will extend to other Guests who purchased their Disney Vacation Club points for different Disney Resorts. While Disney has quietly bought back in the past, this is the first time that Disney cast a wide net for buyback offers to DVC members.
Are you a DVC member? Would you like to sell your points back to Disney? Or do you have travel plans coming up? Let us know in the comments!
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