Aloha,
The current COVID-19 shutdown along with the flood damage exposes some of the risk of timeshare ownership. The Interval Ownership Association at KBV is all of us owners, regardless of the dominance of the biggest owner (Wyndham).
I just took a look at our KBV budget for 2020. The activities / obligations associated with many line items continue whether there is occupancy or not. I contend that the AOAO fees, replacement reserves, Owners Services (Reservations), bad debt and real estate/property taxes are such examples (I won’t defend that assertion here on TUG).
Housekeeping and laundry might be totally variable if one assumes that there will be no problem hiring staff when it is time to reopen.
Eyeballing it, variable expenses are between 15% and 30%.
The impact / increase of owner MF delinquency is unknown. Based on history (e.g. 2010), it could be substantial (for data, refer to page 5 of larger attachment to
https://tugbbs.com/forums/threads/pahio-kauai-beach-villas-board-election.240675/post-2124393 )
Bottom line for this post, savings from the shut down are likely to be small.
The 2021 budget should be finalized in October. I have no expectation of hearing from the resort manager or board members about this subject until there is a 2021 budget.
Jack