Timeshares often take much creativity and flexibility to get what you want. “Point” systems are being marketed as a solution to these issues. Those who are for point-based systems claim that they offer convenience and flexibility in securing vacation accommodations and other leisure products and services when and where the user wants them. People against cite the complexity and added administrative expenses of point-based systems, the fees many developers charge to convert a traditional timeshare unit-week interest to points, and erosion of owners’ property rights. Both sides have a good point.
A point-based system that is properly designed, sold, explained, and administered does indeed add flexibility and value to the concept of vacation ownership. But point-based systems are inherently complex and do cost more to create and run. Many developers pass on these added costs to their customers. Also, if a system design is flawed, or if promises made at the sales table exceed what even a well-designed system can deliver, consumers whose expectations have not been met May feel ripped off. There are two kinds of points systems being used today. There can be variations but generally they fall under, Timeshare schemes in which points reflect an underlying ownership interest in real estate, and Membership arrangements in which points reflect only a right to use certain vacation accommodations, products, and services on an availability basis.
There are differing opinions on the value of these systems. Unfortunately most of them are negative. Many complain that they have a very hard time getting what they hoped for, and what they were promised in the sales pitch. One thing becomes very clear with points systems. Buyers beware as with most timeshare situations.
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