Timeshares started some 34 years ago in the French Alps.
Vacation ownership started out with the idea of being able to exchange
ones vacation accommodations with someone elses. While not everyone
could afford that second home at the beach, by owning just a segment of that
home, or condo, it now came within most peoples reach. Add an exchange
organization to implement trading your beach for someones mountain and
bingo, you've got an industry!
By locking in the purchase price of accommodations, vacation
ownership (time sharing) helps to ensure future vacations at todays
prices at luxurious resorts with amenities, service and ambiance that rival any
of the worlds top-rated vacation destinations. The reasons for purchasing
cited by current timeshare owners are the high standards of quality
accommodations and service at the resorts at which they own and exchange,
followed by the flexibility offered through the vacation exchange opportunities
and the cost effectiveness of vacation ownership. Nearly one-third of vacation
owners purchase additional intervals after experiencing ownership. This trend
is even stronger among long-time owners; 41.2 percent of those who have owned
eight years or longer have purchased additional intervals within that time.
Vacation ownership offers consumers the opportunity to
purchase fully-furnished vacation accommodations for only a percentage of the
cost of full ownership. For a one-time purchase price and payment of a yearly
maintenance fee, purchasers own their vacation either in perpetuity or for a
predetermined number of years. Owners share both the use and costs of upkeep of
their unit and the common grounds of the resort property.
Each condominium, or unit, of a vacation ownership resort is
divided into weeks which are sold separately. The weeks are priced according to
a variety of factors, including size of the unit, resort amenities, location
Unlike a hotel room or rental cottage, which require payment
for each use with rates that usually increase each year, ownership at a
timeshare property enables vacationers to enjoy a resort, year after year, for
the lifetime of their ownership. Timeshare ownership offers vacationers an
opportunity to save on the escalating cost of vacation accommodations over the
long term while enjoying all the comforts of home in a resort setting.
A vacation home, your home
away from home.