With everything that has happened in 2020, members had many questions leading up to this year’s Disney Vacation Club Condo Association Meeting: Would we see a credit applied for reductions in 2020 Annual Dues? How have planned refurbishments been impacted by this year’s events? Will we see the return of Moonlight Magic in 2021? Has Reflections – A Disney Lakeside Lodge been canceled? What are other changes in store as a result of this past year?
This year’s meeting was held at Disney’s Contemporary Resort Convention Center, with limited attendance and special considerations in place due to the ongoing pandemic. A video recap of today’s meeting will be posted on the Disney Vacation Club website later this week. Join us as we take a look at some of the exciting news and information shared with us today!
50% Borrowing Rule to Continue
One of the first things addressed by Disney Vacation Club Senior Vice President, Terri Schultz, was a recap of the newly implemented points policies resulting from COVID-19 and the resort closures. Despite everyone’s wish that there would be some announcement as to when we will see the 50% borrowing limitation removed, Schultz provided no further information on this subject other than to review what is currently in effect.
Disneyland DVC Tower Moving Forward… But What About Reflections?
Speculation has been everywhere throughout 2020 as to the future of both the Disneyland Hotel DVC Tower, as well as Reflections – A Disney Lakeside Lodge. Terri Schultz did little to clear this up, but did confirm that plans for the Disneyland DVC Tower are continuing to move forward at this time. No mention of Reflections was made, furthering speculation that the project has been indefinetly delayed or cancelled.
Updated Refurbishment Schedules Announced
In recent months, a question that has frequented the DVC Fan Facebook Group is what effects the closure has had on planned refurbishments across all Disney Vacation Club properties. Schultz stated that the Saratoga Springs full refurbishment continues to move full steam ahead, with anticipated completion in Summer 2021. Guest satisfaction regarding the newly refurbished villas has been extremely positive.
A revised refurbishment schedule was also released that slightly modifies last years announced plans:
|2019 Refurbishment Schedule||2020 Refurbishment Schedule|
|2020 – Aulani (Minor Refresh)||2021 – Aulani (Minor Refresh)|
|2021 – Boulder Ridge (Full Refurb)||2022 – Boulder Ridge (Full Refurb)|
|2021 – Grand Floridian (Minor Refresh)||2021 – Grand Floridian (Minor Refresh)|
|2022 Hilton Head (Full Refurb)||2022 Hilton Head (Full Refurb)|
|2022 – Polynesian (Minor Refresh)||2021 – Polynesian (Minor Refresh)|
|2022 – Beach Club (Minor Refresh)||2022 – Beach Club (Minor Refresh)|
The most notable changes to this refurbishment schedule are the delay in the Boulder Ridge full refurbishment, as well as the plan to perform a minor soft-goods refresh on the Polynesian sooner than originally planned. Might we see some of the Moana elements being added to the hotel side of the Poly find their way into the villas as well?
Members Will Receive a 2020 Credit Applied Towards 2021 Annual Dues
The Disney Vacation Club board of directors unanimously approved adopting the 2021 budgets and annual dues projections that were announced earlier last month. However, as a silver lining this year, it was announced that all resorts would be receiving some degree of operating credit related to reduced overall expenditures in 2020. These credits vary from resort to resort but will be applied towards members’ 2020 Annual Dues Statements and lower the total amount due. The amount of credit, per vacation club point, is as follows:
|Animal Kingdom Villas||$0.91|
|Bay Lake Tower||$0.81|
|Beach Club Villas||$0.81|
|Boulder Ridge Villas||$0.82|
|Copper Creek Villas & Cabins||$0.87|
|Grand Californian Villas||$1.54|
|Grand Floridian Villas||$0.81|
|Hilton Head Island Resort||$0.75|
|Old Key West Resort||$0.82|
|Polynesian Villas & Bungalows||$0.68|
|Saratoga Springs Resort||$0.86|
|Vero Beach Resort||$0.25|
Credits will be issued to current owners as of the release of 2021 Annual Dues bills, which will occur next week. In the event that you bought your points in 2020 directly from Disney Vacation Club, your credit will be prorated based on the length of your ownership.
Member Question and Answer Opportunities Limited
In what has been par for the course with Disney Vacation Club, the question and answer portion for this year’s annual meeting was limited in both time and topic, specifically focused on questions related to resort budgets. While it was stated this was being done due to consideration for the health and safety of those in attendance, it is hard to ignore the lack of transparency DVC has provided this past year. Many member questions continue to remain unanswered as we emerge from the impact 2020 has had on members, points, and much more.
Special thanks to those over in the DVC Fan Facebook Group and on DISboards who attended this year’s meeting and reported what was discussed, along with Juan Carlos Barrientos for providing us with photos from the event. Join us back here on December 9th, 2021, for hopefully a more normal 2021 Disney Vacation Club Condominium Association Annual Meeting!
7 thoughts on “5 Takeaways From The 2020 DVC Condo Association Meeting”
Thank you so much to everyone who pulled this info together! Disney should stream these meetings to all members! Also, Terri Shultz needs to seriously work on her communication with DVC members! But, thank you DVC Fan crew! 🙂
I bought a resale contract back in June this year. Does the credit apply fully to that of pro-rata ? Anyone know?..
You will receive the full credit for the year.
Seriously, .25 per point? Why bother? Paid dues for something I can’t use. Disney stock at record highs.
Would love a show where the topic is the difference between the different refurbishments. Just to break it down a little.
How did Disney determine .25 for Vero when Vero is the most expensive dues/pt. and all the other resorts were discounted nearly $1.
Hopefully we learn a bit more when bills are released but my guess is because the resort still requires a decent degree of maintenance with or without guests and it does not benefit from the infrastructure of WDW like those resorts do.
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