Disney Vacation Development, LLC,[2] operating as Disney Vacation Club (DVC), is a vacation timeshare program of The Walt Disney Company. The program allows members to purchase a real estate interest in a DVC resort through a points-based system. There are an estimated 250,000 members.[3] DVC operates under the Disney Signature Experiences segment within the company’s Disney Experiences division.
DVC offers ownership interests in 17 resort properties located at Walt Disney World Resort in Orlando, Florida; Disneyland Resort in Anaheim, California; Aulani in Hawaii; Disney's Vero Beach Resort in Florida; and Disney's Hilton Head Island Resort in South Carolina. Units are sold under vacation ownership plans and are used by the company as hotel accommodations when not occupied by DVC members.
History
The first Disney Vacation Club property, initially known as the Disney Vacation Club Resort (renamed Disney's Old Key West Resort in January 1996), opened on December 20, 1991 at Walt Disney World.