RESORT DIRECTORY 2014 – 2015
329
IntervalWorld.com
6. The actual number of Club Interval Points that will be allocated
and placed in the Member’s Club Interval Points account is dependent
upon multiple factors, such as the relative weekly demand for the
relinquished accommodations as expressed by the Travel Demand Index
(TDI) Value designation applicable to the relinquished accommodations’
geographic area; the resort recognition tier of the relinquished
accommodations; unit-specific attributes, such as the size of the unit,
private sleeping capacity, and kitchen facilities; as well as the amount of
time in advance of the first date of occupancy the accommodations are
relinquished to II as described below:
(a) Accommodations related to a Vacation Interest that is
deposited 120 days or more in advance of the first date of occupancy
will be allotted 100 percent of the Club Interval Weekly Points Value.
(b) Accommodations related to a Vacation Interest that is
deposited from119 to 60 days in advance of the first date of occupancy
will be allotted 75 percent of the Club Interval Weekly Points Value.
(c) Accommodations related to a Vacation Interest that is deposited
from 59 to 30 days in advance of the first date of occupancy will be
allotted 50 percent of the Club Interval Weekly Points Value.
(d) For accommodations related to a Vacation Interest that is
deposited from 29 to 14 days in advance of the first date of occupancy,
the Club Interval Gold Member will receive 25 percent of the Club
Interval Weekly Points Value.
(e) Accommodations related to a Vacation Interest with occupancy
commencement dates of 13 days or less prior to the date of deposit will
not be accepted.
(f) The Club Interval Points provided based on each deposit of
Home Resort accommodations have an expiration date of two years
from the first date of the deposited accommodations’ occupancy.
7. The Club Interval Weekly Points Values chart also represents the
number of points that must be relinquished to secure the Confirmation
of accommodations in one-week increments. For Confirmations of
shorter stays of one to six days available through the ShortStay
Exchange service, the required number of Club Interval Points will be
derived from the Club Interval Weekly Points Values, but will vary
based upon day of the week on which occupancy occurs. Each night of
a Sunday-through-Thursday stay requires approximately 10 percent of
the points required for the corresponding full-week stay; each Friday or
Saturday stay requires approximately 25 percent.
8. All other terms and conditions of the Exchange Program apply to
this exchange service, except as noted to the contrary above.
PREFERRED POINTS
1. The Preferred Points chart below represents the currency value
assigned to each deposited week of accommodations from a Preferred
Residences Member Resort, as well as the Preferred Points required to
make an exchange to Host Accommodations, and is subject to
modification by II, from time to time:
2. Upon receipt of a deposit, where allowed by the rules of the Home
Resort, II will convert the deposited accommodations to Preferred
Points. The number of Preferred Points that will be allocated and placed
in the Member’s Preferred Points Account is dependent upon multiple
factors, such as the relative weekly demand for the relinquished
accommodations as expressed by the Travel Demand Index (TDI) Value
designation applicable to the relinquished accommodations’ geographic
area; unit-specific attributes, such as the size of the unit, private sleeping
capacity, and kitchen facilities; as well as the amount of time in advance
of the first date of occupancy the accommodations are relinquished to II
as described below:
(a) Accommodations related to a Vacation Interest that is deposited
at least 60 days or more in advance of the first date of occupancy will be
allotted 100 percent of the Preferred Points value.
(b) Accommodations related to a Vacation Interest that is deposited
from 59 to 30 days in advance of the first date of occupancy will be
allotted 75 percent of the Preferred Points Value.
(c) Accommodations related to a Vacation Interest with occupancy
commencement dates of 29 days or less prior to the date of deposit will
not be accepted.
3. Preferred Points from multiple deposits may be aggregated and
redeemed cumulatively in any exchange transaction so long as none of
the Preferred Points used expire prior to the last date of occupancy of
the requested accommodations.
4. In any exchange transaction in which a Confirmation is issued for
Host Accommodations requiring fewer Preferred Points than those
currently in a Member’s Preferred Points Account, the Preferred Points
having the earliest expiration dates shall be deducted from the Member’s
Preferred Points Account first. Unused Preferred Points will remain in the
Member’s Preferred Points Account for future use prior to their
expiration date.
5. When a Member makes a request using the Request First exchange
method, II will determine the number of Preferred Points available from
the Home Resort accommodations being relinquished in accordance with
the chart set forth above. Such Preferred Points may then be used by the
Member to place a request for Host Accommodations.
6.
All Preferred Points expire 24 months from the commencement
date of the week on which they are based.
7. All other terms and conditions of the Exchange Program apply to
the use of Preferred Points, except as noted to the contrary above.
GENERAL EXCHANGE PROCEDURES AND PRIORITIES
1. (a) Vacation Interests, available for occupancy as determined by II,
may be relinquished to II in one-week increments. Generally, owners of
Floating Time Vacation Interests must first contact their Home Resort
to secure a specific unit and time period at their Home Resort or to
otherwise verify their eligibility to exchange prior to making a deposit.
(i) Where the Home Resort has previously deposited
accommodations on behalf of the Members, the Member must contact
the Home Resort and request that a reservation or deposit number be
assigned to him or her. The reservation information must then be
submitted to II by the Home Resort.
(ii) Owners whose Vacation Interests are evidenced by points
may contact II to place an exchange request using the Request First
exchange method, but a Confirmation will not be issued until availability
of the required number of points is verified through the Home Resort.
(b) Regular exchange requests, whether using the Deposit First or
Request First method, must be received by II at least 60 days in advance
of the commencement date of the earliest week requested.
(c) For exchange requests made less than 60 days prior to the travel
date requested, Flexchange is a service in which vacation exchange requests
may be submitted by telephone or via the Internet at IntervalWorld.com
and an instant confirmation received from 59 days up until 24 hours in
advance of the travel dates desired. If a Flex Deposit has been made, the
exchange request must be made through the Flexchange service.
Available Host Accommodations for the date requested will be offered,
and a Confirmation will be instantly
issued if one of these availabilities is
accepted at the time of the offer.
Holiday, summer, and other highly
demanded weeks usually are not
available through Flexchange.
(d)
Regardless of the methodology
used, once an exchange request is
submitted, it may be canceled only
if notice of cancellation is received by
II prior to Confirmation of the request.
Once issued, a Confirmation may be
canceled only in accordance with one
of II’s Exchange Cancellation Policies, as described in Paragraphs 8 and
9 below.
(e) Points (including Club Interval Points and Preferred Points)
are not charged or deemed used until an exchange has been confirmed.
However, a Member may not utilize the same points for more than one
exchange request at a time. For a Club Interval or Preferred Residences
Confirmation to be issued, the number of Club Interval Points required
will be based on the Host Accommodations being requested in
accordance with the above Club Interval Weekly Points Values or the
Preferred Points Values charts. Once a points-based Confirmation has
been issued, the Member will be deemed to have used the number of
points applicable to such Confirmation, and such points will no longer
be available to that Member, unless the Confirmation is canceled in
accordance with one of II’s Exchange Cancellation Policies as described
in Paragraphs 8 and 9 below.Where a given exchange request is not
confirmed, no points will be subtracted from the Member’s account.
2. To submit a valid exchange request, a minimum of three different
resorts and one time period, three different time periods and one resort,
Preferred Points Weekly Values Chart
Travel Demand Index
4-Bedroom
Range
Season
Studio
1-Bedroom
2-Bedroom
3-Bedroom
5-Bedroom
135 – 150
Platinum
5,720
9,900
15,950
22,000
27,500
115 – 130
Gold
4,840
7,700
12,650
18,700
23,100
90 – 110
Silver
3,960
5,940
9,900
15,400
18,700
65 – 85
Bronze
3,080
4,620
7,700
11,550
13,750
50 – 60
Copper
2,200
3,300
4,400
6,600
8,800
