Timeshare ownership is designated by “intervals,” which is why it’s also often known as interval ownership. A standard timeshare interval is seven days, and most owners choose annual usage with one interval. Other options for ownership include:
- Biannual Ownership: allows the owner two intervals per year
- Biennial Ownership: entitles the owner to one interval every other year
- Triennial Ownership: entitles the owner to one interval every third year (very uncommon)
An increasingly popular form of timeshare ownership is points-based ownership. When you buy a points-based timeshare, the interval will outline how many points are included and what they are equivalent to at the resort. Points required for travel will vary by resort and unit size. This newer form of timeshare ownership allows members to visit different resorts within a vacation network, as well as to split the points to increase the number of trips taken. For example, a resort may require “1000” points for a one-week stay in a two-bedroom lockout, but enable owners to split those points into two 500-point weeks in a one-bedroom unit.