Interval International Lingo
Comprehending and understanding all facets of Interval International’s services can be intimidating. Understanding the basic fundamentals and terms associated with your Interval International membership can be a great start to maximizing the value you gain from their services. Below are a few brief explanations of Interval International’s most common terms and types of reservations:
Deposit: (verb) This is when you take your week at your home resort and put it into the Interval International (II) system, and in return a week is put on your account to be used within two years of the original check-out. (noun) We refer to the week on your account as a “deposit”.
Exchange: (verb) This is when you take your deposited week and utilize it to book a stay through the Interval International network. (noun) We then refer to the stay you booked as an exchange.
Getaway: These are week long rentals available through the II network. On average they can cost between $150 to $2,500 depending on the week, resort, and unit size you are interested in.
Bonus Week/Accommodation Certificate: (noun) An extra week of vacation provided to you by Interval International or your home resort. These are generally going to be based on a travel grid of II’s extra inventory, and will cost between $250 and $400 depending on what size unit you book.
ShortStay: (noun) This option is available only to individuals with a Gold membership or Club Interval Gold membership. This is where you can split your full week traditional deposit into two short stays, ranging from 1 to 6 nights each. Points deposited through the Club Interval Gold membership can be used to book short stays of various point values based on time of year, resort, and size of unit.
Hopefully these terms can serve as a helpful reminder or a basic foundation for your future actions and conversations regarding your Interval International membership.