Editing Timeshare (section)

===Points programs===
A variant form of real estate-based timeshare that combines features of deeded timeshare with right-to-use offerings was developed by [[Disney Vacation Club]] (DVC) in 1991. Purchasers of DVC timeshare interests, whom DVC calls ''members'' receive a deed conveying an undivided real property interest in a timeshare unit. Each DVC member's property interest is accompanied by an annual allotment of ''vacation points'' in proportion to the size of the property interest. DVC's '''vacation points system''' is marketed as ''highly flexible'' and may be used in different increments for vacation stays at DVC resorts in a variety of accommodations from studios to three-bedroom villas. DVC's vacation points can be exchanged for vacations worldwide in non-Disney resorts, or may be ''banked'' into or ''borrowed'' from future years.

DVC's deeded/vacation point structure, which has been used at all of its timeshare resorts, has been adopted by other large timeshare developers including the [[Hilton Grand Vacations Company]], the [[Marriott Vacation Club]], the [[Holiday Inn]] Club Vacations, the [[Hyatt]] Residence Club and [[Accor]] in France.

Resort-based points programs are also sold as deeded and as right to use. Points programs annually give the owner a number of points equal to the level of ownership. The owner in a points program can then use these points to make travel arrangements within the resort group. Many points programs are affiliated with large resort groups offering a large selection of options for destination. Many resort point programs provide flexibility from the traditional week stay. Resort point program members, such as [[WorldMark by Wyndham]] and [[Diamond Resorts International]], may request from the entire available inventory of the resort group.

A points program member may often request fractional weeks as well as full or multiple week stays. The number of points required to stay at the resort in question will vary based on a points chart. The points chart will allow for factors such as:
* Popularity of the resort
* Size of the accommodations
* Number of nights
* Desirability of the season