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Old 07-06-2017, 04:09 PM   #1
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Default So, how much is a reservation worth?

As most of you know, over the past couple of years, rental prices generally have increased. And thus, I've pretty much gone with the flow, trying to achieve -- albeit artificially -- what I consider to be "fair market" conditions. (I just don't like to see people get ripped off in either direction.) Thus, whereas an $18 ppt spec reservation might have seemed excessive to me a couple of years ago, now, I'd probably just shrug my shoulders and approve it.

Twice recently, however, a poster has attempted to post two spec ressies for five nights in a BWV standard studio over Columbus day weekend, At first, they asked in excess of $35 ppt. Most recently, they've asked for $30.50 ppt.

I've suggested that they try to use eBay to sell their reservations. Why? Because that mount seems both obscene and idiotic to me.

But it does have me wondering.... How much is a reservation worth these days?
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Old 07-06-2017, 04:19 PM   #2
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That seems excessive to me, and in your words obscene and idiotic. But the poster probably knows the high demand for that time of year and the location. But it seems like gouging to me.

Maybe if they went on eBay they might find someone willing to pay that ridiculous price.
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Old 07-06-2017, 04:39 PM   #3
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I wouldn't pay that for Xmas/New Years let alone Columbus Day.
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Old 07-06-2017, 05:08 PM   #4
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As a BWV owner I would rent it for cheaper. That price is ridonculous. I am about to book a week at BWV which might not get used and I told DH we could rent it out. We discussed $15pp but, gosh, maybe we should up it a bit to $18.
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Old 07-06-2017, 05:12 PM   #5
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A Bwv standard studio that time of year is 10-13 points and now sleeps 5, so at $30ppt, $300 + per night.
Not something I would do on spec, but worth it to many to save $100+ per night by paying that much per point.
I can rent and still be a good neighbor, so that is my personal goal. I also appreciate this site, and the ability to rent here to good people.
I think its not what the reservation is worth, but more of a moral dilemma here on MO and what the Admin feels crosses their intent of the site.
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Old 07-06-2017, 05:31 PM   #6
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So, 54 points according to Daddio's calculator. $1700 or so at the renter's offer (if I looked at the right thread) or $864 through Daddio.

Disney's rack rate accourding to MouseSavers is 2,730, so a $1000 savings over rack rate. Not bad.

Daddio's price is $864, so nearly double a broker's rate.

Yet, the resort is booked. So, is double a broker's rate unreasonable when the savings is still $1000 less than Disney's rack rate and the reservation can't be had anyway? It is a bargain over Disney, and the room can't be had any other way (unless another spec renter rents for less).

So, I can see an argument for letting it through in a "let the market" decide kind of environment.

Personally, I'd rather work with a broker, but if I had the $$$$, wanted the room,and couldn't get it any other way. . .

I don't rent my points and rarely rent from somebody else - and certainly not at that price, especially since I don't have an "I must have this location/date" urge.

It would be interesting to me to let the market decide. To me, gouging is matching or exceeding Disney rates. Given the lack of control, cancellation, and safety, any renting should always come at a discount. Just how much, I guess that's the debate.

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Old 07-06-2017, 05:52 PM   #7
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$18/point is my price for all but okw, $17 for it...desirable confirmed studios.

addedum, got $19.50 for standard view bwv studio early december. premium for very hard to get, relatively small reservation. asking same for another reservation like this that i have.
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Old 07-06-2017, 06:40 PM   #8
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I don't know if using rack rates is the best comparison to use. There are room discounts to be had most times of the year.
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Old 07-06-2017, 07:03 PM   #9
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Quote:
Originally Posted by patty57 View Post
I don't know if using rack rates is the best comparison to use. There are room discounts to be had most times of the year.
consider a 40% discount is still considerable savings on that villa.
Not to mention, DVC does not charge additional for the 3rd and 4th and 5th adult in the villa, it could save more.
Dvc rate on DDP is also less and protected from price increase.
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Old 07-06-2017, 07:09 PM   #10
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Quote:
Originally Posted by DVCQUEEN View Post
consider a 40% discount is still considerable savings on that villa.
Not to mention, DVC does not charge additional for the 3rd and 4th and 5th adult in the villa, it could save more.
Dvc rate on DDP is also less and protected from price increase.
I don't understand what you mean about considering a 40% discount. WDW doesn't charge for additional adults in the DVC properties either. They do in the regular resort rooms.
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