Vacation Ownership
The concept of vacation ownership is a form of ownership or right to the use of a property at an agreed time-period on an annual basis. Also known as Timeshare Properties, these units are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week) in which they may use the property.
The vacation ownership industry is over 25 years old (began in Europe in the 1960s); today, the vacation ownership industry has grown lucratively as reflected by the growing interest of vacation-goers from all over the globe. There are 5,400 resorts in over 90 countries that offer vacation ownership packages that translate to over USD11.8 billion in worldwide sales on an annual basis.
Why is it better than booking a package holiday? Go to Top
We need to include the image comparing the hotel room to the vacation ownership unit supplied. It’s not the most stylish but see what you can do.Going on holiday trips with a large group of four or more poses to be challenge when you are staying in only one room. Chances of getting adjoining and connecting rooms in a hotel are sometimes slim and will definitely cost more. Owning a vacation ownership package not only offers you more space but also gives you the advantage of having more than one bed to cram your group into.
In a typical hotel room you only get one room with one bed and one bathroom. Families travelling with small children will find this set-up inconvenient, as when the children fall asleep the adults will find their options limited, in terms of space and activity.
However, vacation ownership accommodation can offer you one, two, or three bedroom suites boasting:
ONE, TWO OR THREE BEDROOM UNITS THAT COME COMPLETE WITH :
| SPACIOUS LIVING ROOM WITH A SLEEPER SOFA | A DINNING AREA | FULLY EQUIPPED KITCHEN FACILITIES | LAUNDRY FACILITIES INCLUDING WASHIER, DRYER AND IRONING | BOARD | TWO BEDROOMS |
FLOOR PLAN
HOTEL ROOM
VACATION OWNERSHIP
Parents can now also put the kids in one bedroom and continue to enjoy themselves without worrying of limited space and options.With vacation ownership, you enjoy the normal hotel facilities and amenities in a luxury spacious unit.
A vacation ownership offers you the most enjoyable experience with your group or family, without sacrificing your privacy.
How does it work? Go to Top
Vacation ownership is a simple concept enabling you the consumer to save money over the course of your investment (usually 50 years) for the future of you yearly vacations. Vacations are something we all need and enjoy, Vacation ownership allows you to own you vacations at today’s prices thus eliminating inflation and securing you the vacation of your dreams every year.
Unlike most people’s idea of vacation ownership, you are not locked into going to the same resort every year, in fact through our partners (interval international) you are able to choose from over 2,500 resorts worldwide.
Vacation ownership is the best way to secure you and your family the ideal vacation every year, knowing that it has been paid for in advance.
Owning your vacations is similar to owning a property, you can gift it, leave it in your will, and use it as you please. It really is the only choice in today’s economic uncertainty to secure what you deserve in the future, today.
FAQs Go to Top
1. Are vacation ownerships good investments?
Vacation ownership is not a form of property speculation. It is actually an excellent investment in leisure and your lifestyle that promises you wonderful holiday accommodations and amenities for the years to come. In the mean time, vacation ownership generates an income to the buyers when joining the Rental program arranged by the property management and/or lending their units to friends and family.
2. What are the management fees (Maintenance Fees) and why should I pay it?
Maintenance fees are collected by the resort management to help maintain the property, settle bills for insurance, utilities, refurbishing, cleaning and unit maintenance. These fees may vary from the type and size of the unit you have invested in. Failure to meet your obligations can result in losing your ownership.
3. What are the things I can do with my vacation ownership package? Can I pass on the privileges to my relatives or friends?
Your ownership is just like any property you have acquired and will be part of your estate, so you can bequeath it to whomever you wish. You can use it personally, pass it on to friends and family, or rent it. It can be exchanged for other luxury resorts around the world through Interval International (II) – The Quality Vacation Exchange Network
4. What is a Fixed Timeshare Weeks and how do I schedule it?
A fixed week is a set or appointed week during a regular calendar year that is allotted to owners of vacation ownership packages. Different resorts use different calendars. Ownership of a fixed week allows you the use of the unit for that specific week annually for as long as you own a vacation ownership package. Normally, the week allocation is for inventory control purposes and vacation owners can exchange their week number(s) within the same ownership seasonality in same unit type purchased subject to availability.
5. Can I resell my timeshare property rights?
One advantage to owning a vacation ownership package is that you can resell the rights to the property should you want to do so in the near future. However, you will have to check with the managing resort if they can help you with the resale as some resorts can assist you with the process. Nevertheless, maintaining a good and sound record of your payments avoids repossession.