Final answer:
The correct answer is c) Waitlist. The Rotating Waitlist List is utilized by timeshares and vacation clubs to allow members to reserve vacations at sought-after locations and times, including holidays, in a fair and orderly manner.
Step-by-step explanation:
The Rotating Waitlist List is a feature that helps owners reserve vacations at popular locations, holidays, and other peak travel times. Therefore, the correct answer is c) Waitlist.
Timeshares and vacation clubs often have systems in place to ensure that all members get a fair chance at booking their desired vacation spots, especially during busy seasons. The Rotating Waitlist system is designed to provide a structured and equitable method for members to be placed on a waitlist for properties or dates that are currently unavailable. As cancellations occur or additional inventory becomes available, those on the waitlist are offered the opportunity to book these popular times and locations in the order they were placed on the list.