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Disney Vacation Club (DVC) is a company, wholly owned by The Walt Disney Company, that operates as a vacation ownership plan, allowing families to purchase a real estate interest in one of their vacation club resorts. more...
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Operations of DVC and its resorts are managed by Disney Vacation Development.
How it works
The vacation point system
The real estate interest is represented by "vacation points". A customer purchases a number of vacation points as a one-time purchase, becoming a "member" of the "club". The price as of July 1st, 2006 was $101 per vacation point with the minimum purchase being 150 vacation points. After the initial purchase members are charged annual dues based on the number of vacation points they own. In 2006, the dues ranged from $3.98 to $5.27 per vacation point. Members receive a yearly allotment of these vacation points. Vacation Club members can then use these points to make reservations at one of the Vacation Club resorts or any of the other options available. The number of points needed depends on the room type, resort, and time of year selected. Points can be saved, or "banked", for use the following year. Points can also be borrowed from the upcoming year, for use in the current year.
Home resort
A member's "home resort" is the resort in which they have a real estate interest. The main advantage to owning a real estate interest in one resort over another is that members are allowed to make reservations at their home resort up to eleven months in advance. For the other resorts it is only seven months. Another very important fact relating to the home resort is that any exchanges for accommodations external to resorts are made to and from a member's home resort. Lastly, a member's home resort determines the amount of a member's annual dues.
Expiration
For members who own vacation points at a DVC resort other than Disney's Saratoga Springs Resort, membership ends in the year 2042. For Disney's Saratoga Springs Resort, membership ends in 2054. After that time, members will no longer receive vacation point allotments.
Resort locations
Disney's Old Key West Resort (Walt Disney World);
- Located near Downtown Disney, Disney's Old Key West Resort is the first of the Disney Vacation Club Resorts (in fact, at one time it was simply known as the Disney Vacation Club Resort). Old Key West opened in late 1991. This resort has an Old Florida theme and is set on Disney's Lake Buena Vista golf course. Boat service is available to Downtown Disney Marketplace.
Disney's BoardWalk Villas (Walt Disney World);
Read more at Wikipedia.org
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