You have 6 months from the issuance date to redeem the voucher.
As a part of the trip with the Voucher you do not pay for the accommodation, you pay only for the catering fees individually stated for each facility.
There are 1000 hotels and guesthouses to be chosen from the catalogue. The hotel infrastructure has been built for 15 years and covers facilities in the whole Europe, this allows you to choose an ideal place to redeem your Voucher.
More about Eurorest Voucher redemption can be found here