Points: Refers to pure points systems.
The consumer has purchased points or credits backed by a usage right to a club’s internal network of resorts.
Weeks: Refers to ownership of traditional interval weeks. The consumer has purchased a specific type of week at a specific resort.
This week may then be exchanged through internal or external exchange systems, either for an interval week-based vacation or in some cases transferred for points, such as in a hotel brand frequent guest program.
Biennials: Vacation ownership product that provides a week’s worth (or points equivalent) of timeshare interest every other year.