I mean the resort might be at 100% occupancy but as I stated previously it depends when it was filled (i.e. does a recession cause the rooms to be rented or reserved later) and how much breakage was utilized. Without DVC sharing their numbers, which they won’t, anything either of us say is conjecture. Though I’m going to avoid discussing if a recession will affect the rental market, it’s something that will be tested again soon enough. But as I stated the bull market might (most likely has) have increased the rental market but a recession might not do the opposite.
Also points do go to waste every single year. Breakage income does exist and can’t exist at the scale it does if points weren’t being wasted.
Yes they do, I just don't see any indication that happens less often in a great economy than in a good one. Or that rooms reserve faster in a great economy than a good one. Or that its even a factor given our current great economy is currently in year EIGHT.