Timeshare Articles

This is an introduction to timesharing, also called vacation ownership, and some of the reasons millions of consumers choose it as their preferred vacation method.

Current research confirms that timesharing is one of the fastest-growing segments of the hospitality industry, with the potential for even greater growth as more and more leisure travelers discover the advantages of owning their vacation accommodations.

Vacation ownership has changed so much since its origin more than 40 years ago. The quality of the product continues to improve as the top names in the hospitality business and respected independent developers introduce innovative designs and concepts to already high industry standards.

Today�s timeshare owners have an ever expanding range of travel options to choose from, allowing them to design their own vacations and enjoy some of the most exciting and appealing destinations around the globe.

Timeshare is a form of holiday ownership. You own the right (either directly or through a "points club") to use a week (or longer) in an apartment or villa on a holiday resort for a great many years or in perpetuity.

Over six million families own timeshare worldwide - the majority well satisfied with their ownership.

Timeshare accommodation is generally of a much higher standard than hotel or rented accommodation. And most resorts have extensive leisure facilities (almost always free to use). All timeshare is self catering.

Accommodation ranges from a modest studio (a single bedroom) to apartments and villas with three bedroom, three bathrooms, lounge, dining etc. with appointments of an exceptionally high standard.

Timeshare competes with package holidays (where timeshare offers much higher standards of accommodation) and villa rental (where timeshare offers better long term value-for-money).

Timeshare comes in two basic forms:

Fixed week:

Where you own rights to a specific week, usually in a specific apartment/villa which you can either return to every year or swap through the exchange system for something similar in another part of the world and in another time period.

Floating system:

(which includes points clubs). Instead of owing a specified week, you own a week (or a time period which may be longer than a week) within a seasonal band of time. Each year you have to book the specific week that you want - this is "subject to availability".

A major strength of timeshare is the certainty that it provides. Accommodation (and often leisure facilities) being held in trust (or registered in a public register) for the lifetime of the right to use. So, provided that you continue to pay the annual fees on time, you are certain of getting your holidays every year.

Sources:

* American Resort Development Association.

* Timeshare Consumers Association.

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