Not necessarily true.
DVC has the right (it's in the POS) to anticipate breakage inventory and grab it as much as 11 months out. But most is likely cash equivalent exchanges such as
DCL, DC, CC and the like.
I don't know of anyway to know this. We have the end of year audit, coming up soon, for II and later for RCI plus BVTC. It was just over 3% last time, I'm expecting about the same this time. I think it'll be higher by a minimal amount (4-4.5%) the first couple of years with RCI then settle back down to around the same 3-3.5% long term. It's possible that one could see the info if they go in and examine the books but that's about the only way to possibly get it if even then. My guess is about 5-6% of the points with the majority going to DCL. It could easily be as high as around 10% though. That's a lot of rooms, esp since they tend to group them during the lower seasons. My guess is that at certain times, as much as 20% of the total DVC rooms could be room reserved in this manner and as high as 10% at the same time be exchange rooms (BVTC & II/RCI). 30% not available to members is quite a lot. With RCI there has been a lot of BCV inventory plus the BWV BW view issue where BCV was the main replacement. Makes you wonder if DVC isn't sitting on a LOT of ROFR inventory there.