In a “Vacation club” you own a bag of “points” that you can use to book a unit at a resort. You are not guaranteed that units will be available, nor are you gua

In a “Vacation club” you own a bag of “points” that you can use to book a unit at a resort. You are not guaranteed that units will be available, nor are you guaranteed a price (i.e. how many points you’ll have to use). You will have to pay for points every year no matter what. True “shared ownership of a single unit at a resort” is far less common these days.