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Timeshare or Vacation Ownership Facts
What is a point system?
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resort property (e.g., a condominium) shared with others. Each “owner” owns a certain period of time and occupies a unit of accommodation on a regular basis for a number of years. Timeshare is sometimes referred to as “Vacation Exchange,” “Holiday Ownership,” “Multi Ownership” or “Group Ownership.”
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points
systems are much like frequent flier miles. Each year you're allotted a number of points to be used for accomodations at your resort. More points translate larger accommodations and better
trading power
. For example, a low
season
studio unit may take 100 points to reserve a unit, but a high season two bedroom unit may require 300 points. Most systems will allow you to borrow from future years or to carry over unused points to the next year.
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