Proposed 2019 Disney Vacation Club Annual Dues6 Comments
Below is a table showing the proposed 2019 annual dues per point for all the Disney Vacation Club (DVC) Resorts. Please note, these are only proposed 2019 annual dues, and these proposed dues will have the opportunity for approval at the 2018 Disney Vacation Club Annual Condominium Association Meeting on December 13, 2018.
What are the Significant DVC Dues Changes for 2019?
The proposed 2019 increase represents an approximately 7.6% growth in dues year over year when averaged among all 14 DVC resorts. This is roughly double the typical year-over-year growth observed since the inception of DVC when averaged across all resorts (approximately 3.8%).
Resorts such as Animal Kingdom, Hilton Head and Vero Beach are experiencing double-digit year over year growth. It is important to note that the legal cap for year-over-year increases for annual dues in Florida is 15%. Most of the increase is being attributed to higher minimum hourly wages. Under the new collective bargaining agreements, the minimum hourly wage for Disney World Cast Members (employees) will be raised from $10 per hour to $13 per hour by September 2019 and ultimately raised to $15 per hour by October 2021. This translates to a 30% increase in the minimum hourly rate from 2018 to 2019 and a 50% increase in the minimum hourly rate from 2018 to 2021. For additional information on DVC budgets, and the new collective bargaining agreement, please visit DVCNews.com.
Will these Increases Impact DVC Resale Prices?
It is hard to say if this will have a noticeable influence on DVC resale value. These increases may cause a few current Members to sell who were on the fence and some current Members to pause at adding-on, but it is doubtful it will impact many new prospects from joining.
Often, when New Members are joining they are weighing the costs of DVC against the alternative. It is only reasonable that the same factors influencing a dues increase will also be influencing the room rates as well. Keep in mind, dues are simply based on the costs to maintain your DVC property and those same costs impact the hotels as well. Even with rising costs it is difficult to see any major slow down at Walt Disney World (WDW) as they will be opening one of the most highly anticipated lands ever with “Galaxy’s Edge”. Additionally, outside of constructing a new theme park, WDW is arguably adding more top attractions than at any other time in its history in preparation for the 50th Anniversary in 2021.
|Resort||2019 Proposed Dues Per Point||2018 Dues Per Point||*Growth 2018 to 2019|
|Bay Lake Tower||$6.40||$5.92||8.1%|
|Old Key West||$7.23||$6.72||7.6%|
|Wilderness Lodge: Boulder Ridge||$7.32||$6.93||5.6%|
|Wilderness Lodge: Copper Creek||$7.43||$7.26||2.3%|
* Year over year growth is based on proposed 2019 Annual Dues
** If Aulani was purchased prior to 7/27/2011, the proposed 2019 Annual Dues are $5.91/pt.
*** If Vero Beach was purchased prior to 1/1/1996, the proposed 2019 Annual Dues are $7.48/pt.