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Some properties allow owners to make reservations beyond their ownership (often referred to as "bonus time").
Owners can take advantage of discounted rates on a nightly basis which does not
affect the ownership week/period. Rules and restrictions generally apply
(i.e., limited time-periods when reservations can be requested/booked,
availability, minimum stays, etc.). Some resorts even have a wait list for
bonus time reservation requests.
Bonus timeshare can be a valuable asset
to owners because using it has no effect on the owner's deeded or right-to-use
week. With bonus time, owners have the ability to rent time on a daily basis at
their home resort at an extremely low rate. These discounted rates usually end
up being about 50% cheaper than what the general public pays for the same resort
and unit. Resorts are able to offer discounted bonus time because it allows them
to fill otherwise vacant units with revenue that will go to the Home Owners
Association. The additional revenue created by owners’ utilization of bonus
timeshare time helps to defray operating costs, resulting in lower maintenance
fees for the owners.
For example, one RDP customer allows
fixed-week owners to book additional days at $35/day during their slow season and $95/day
in high season, provided the owner's dues are paid, and the reservation is made
within 30 days of arrival.
A wide variety of bonus programs can be configured with automatic rate calculation
by season. The system provides various reports to track owner usage by regular time,
bonus time, exchange time, and/or rental time.
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