I'm not sure, but I wanted to share that I just checked into a 3 bedroom Marriott Aruba Surf Club unit yesterday via a last minute cancellation on II. While on vacation in Dubai last week via Groupon, I decided to check II with an AC that was expiring in July. Well, I stopped whatever I was doing and snatched this 3 bedroom unit! It is amazing. I used SkyMiles to get $500 off the airfare. When we checked in yesterday the Welcome Agent could not believe that we were in a 3 bedroom on an exchange via II. This has all been said to say that even last minute bookings can be found. We've been exchanging into the Surf Club yearly via II, but never into a three bedroom. Our view from this corner unit on the 12th floor is amazing.
What options do I have (if any) if I can not keep a previously booked reservation from an Interval exchange? I am about 40 days out from its start. Thanks.
II always tells me about adding trip insurance to my exchange, and that can be added up to a day before travel. I don't know the reason for you needing to cancel but if it's an illness or something that could be covered by insurance, that's another option. I believe they put a maximum value on the exchanged week at $1000 which wouldn't cover the exchange fees for most high end resorts.
In II you can cancel the reservation and receive a replacement week. However, because you are within 60 days it will be a flex trade, so it will have restrictions. Also, you will have to pay the exchange fee again.