Points-based timeshares silently devalue by requiring more points per night each year

Developers converted fixed-week timeshares to points-based systems marketed as offering 'flexibility,' but periodically increase the points required per night at popular resorts, so 10,000 points that once booked a peak-season week now covers only four or five nights. Owners pay the same or higher maintenance fees for fewer usable nights, and popular dates are booked by the developer's own rental inventory before owners can access them. This persists because point charts are set unilaterally by the developer with no contractual cap on inflation, exchange companies like RCI were caught renting prime units to non-owners at higher rates rather than making them available to points holders, and the original sales pitch of 'use your points anywhere' was never a binding contractual guarantee.