It was built inside the CBR property, literally it sits on what used to be Barbados area.
Keep in mind that the supply of DVC is actually very small in comparison to the overall population. In order to sell out a DVC resort, Disney doesn't need high volume sales. If 99% of the population is drowning in debt, the 1% that aren't have more than enough people to sell out DVC.This is a good point. Wages have not increased enough compared to the cost of living and education; the generation 35 and under have a lot of student debt and many cannot even afford a house let alone dvc. I would be shocked if there were many dvc purchasers for riviera that were under 35 but disney must know something we don't.
Based on this you would suggest that there is infinite demand from the 1%. Of that 1%, 98% have absolutely no interest in disney and or dvc. You can keep slicing up that one percent to the point where you have a definite number of potential sales and I am just saying that pie is getting smaller due to the current economic situation.Keep in mind that the supply of DVC is actually very small in comparison to the overall population. In order to sell out a DVC resort, Disney doesn't need high volume sales. If 99% of the population is drowning in debt, the 1% that aren't have more than enough people to sell out DVC.
Port Royal is the location for Shutters? That has had decent reviews lately and RIV doesn’t have a “Kona” or “Wave” level sit down, so that’s interesting if you can pop in vs get on the sky liner.
This is a really good point to consider about Shutters. Also I do wonder like Pete said will they have gate/card access at the Riviera pool. I am guessing they will have to.
In addition to the 1,700 rooms that Disney still has coming online, they added 545 rooms at Gran Destino recently.
Attendance at Disney’s US parks dropped 3% in their third quarter. That drop happened while US consumer spending increased 4.7% the same quarter. Last week Disney emailed me an offer for rooms at Coronado for a $150 a night for the week before Christmas. There is your context.
I haven't read the report but any time you have to make a statement that convoluted you are spin doctoring to some extent lol. Booked rates are pacing up compared to the next year, what does that mean exactly? It doesn't say anything in that statement about q3 vs q4 nor does it say anything about occupancy; booked rates sounds more like rates or revenue, as opposed to occupancy.From today's Q4 report:
Christine McCarthy, chief financial officer at Disney, said booked rates at its domestic hotels were pacing up 5% compared to the same time next year.
So occupancy growth actually improved from Q3. There should be no problem absorbing that 4% increase in new rooms that you were so worried about.
I agree. All they are saying is that they are charging more for hotel rooms. We already knew that - they are charging more for everything.I haven't read the report but any time you have to make a statement that convoluted you are spin doctoring to some extent lol. Booked rates are pacing up compared to the next year, what does that mean exactly? It doesn't say anything in that statement about q3 vs q4 nor does it say anything about occupancy; booked rates sounds more like rates or revenue, as opposed to occupancy.
If things are good they just say "occupancy was up x% yoy/compared to last quarter and revenue was up y%".
That does not mean bookings are up 5%. It doesn’t even mean revenue from bookings is up 5%. It means the cost charged for booked rooms so far is 5% higher.From today's Q4 report:
Christine McCarthy, chief financial officer at Disney, said booked rates at its domestic hotels were pacing up 5% compared to the same time next year.
So occupancy growth actually improved from Q3. There should be no problem absorbing that 4% increase in new rooms that you were so worried about.
"booked rate" = booked priceI agree. All they are saying is that they are charging more for hotel rooms. We already knew that - they are charging more for everything.
That was my interpretation; basically if you booked a room at the hotel two years in a row, the price you booked at was 5% higher. The "next year" thing I have no idea what that means unless it is some kind of a typo.."booked rate" = booked price
not = booking rate
Is that correct?
"booked rate" = booked price
not = booking rate
Is that correct?
That was my interpretation; basically if you booked a room at the hotel two years in a row, the price you booked at was 5% higher. The "next year" thing I have no idea what that means unless it is some kind of a typo..
I hadn't thought of that. Good call. Cash discount gets people in the doors and once there, it's a hell of a lot easier to sell the product.Because of the recent discounts, there is a significant number of guests that will be staying at the Riviera on cash between opening and the end of March. You can expect to see DVC put the full court press on those guests and the sales numbers from those months should be very telling. Until then there's not much to do but wait. And speculate our behinds off.
Some DVC related info in this article. Looks like point sales are up a decent amount year over year...
https://dvcnews.com/index.php/dvc-p...nces-q4-financial-performance-for-fiscal-2019
Our own sales numbers confirm higher sales in the period of July to September 2019 vs the same period in 2018. Unofficial tracking performed by DVCNews reflects sales of 525,384 points in this 3-month period of 2019 compared to 471,792 points in 2018, an increase of more than 11%.
These numbers do no reflect sales at Aulani, Disney Vacation Club Villas.