The
DVC Public Offering Statement makes it clear that DVC memberships are intended for
personal vacation use. The Declaration of Condominium and the Membership Agreement for the Resort expressly limits the use of Ownership Interests to
personal use.
The new POS amendment has a definition of "personal use":
for the use of accommodations by the DVC Member, the DVC Members family and/or the DVC Members friends (collectively, Personal Use)
Just reading this definition of "personal use", and it's the only definition we have, it would seem to mean that speculative booking would not fall within the "personal use" definition.