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You will receive 1 Vacation Certificate per year.
You can PERSONALLY use 1 Vacation Certificate Per year but you can give the others away if you want.
Resort properties not only make NO money when their rooms are empty, they still have expenses. Therefore some properties are willing to allow people to stay in a luxury room for the cost of an 'Activation Fee' because they know that people who stay at their property will very likely spend money in their restaurants, gift shop, for water sports etc. As well, many people will take many pictures of their vacation and post on social media giving the property FREE advertising. Last and not least, many people have such a great time they extend their stay and even come back for future vacations.
The average value of each Vacation Certificate is $997
No there is NO Timeshare required. You may be offered to attend a timeshare presentation but again it is purely optional if you want to attend to receive some valuable gifts.
There is an 'Activation Fee' which varies per property which is usually in the $40 - $50 range per night. As well you must activate the Vacation Certificate within 30 days of receiving it. Then you have 18 months to use it after activation. Travel is usually for 2 adults with 1 at least 21 years old. Some properties allow up to 2 children up to the age of 12. You can ask any questions before you activate your certificate.
Watch this brief video for details on the Terms Of Use for the Vacation Certificates - Click Here