The rooms are apartments, or even homes, rather than a bed and a bathroom. There are no occupancy taxes unlike some hotels. You can rent your apartment if you choose not to use it. You can sell your interest on when you no longer want to use it. Deeded vacation ownership may be bequeathed to your heirs.
Vacation ownership can also be insurance against inflation.
By locking into one purchase price, owners are assured future vacations at today's prices. Ownership gives you a bigger say in the running of the resorts, whereas hotel guests just suffer or do not come back. But perhaps the best thing about vacation ownership is the ability to exchange the unit owned with other owners at thousands of resorts around the world. And they don t have to want the week and place that you have to exchange. Exchange organizations claim fees from owners who belong to the exchange system, and from developers who wish their owners to be affiliated to the exchange scheme.