Timeshare Vacation Membership / Ownership

Timeshare, also known as Vacation Ownership, offers the opportunity to own condominium-style accommodations at quality resorts, which typically offer an array of amenities in popular domestic and international destinations. Timeshare accommodations typically offer spacious floor plans and home-like amenities when compared with traditional hospitality products like hotels, and may include kitchens, laundry facilities, living room space, and multiple bedrooms – all in the privacy of your own unit. Timeshare Vacation owners also enjoy the peace-of-mind timeshare provides when travelling each year. They don’t have to deal with the stress of planning a vacation and booking accommodations. They know they have a place to return to each year.

In Great Britain in the early 1960’s, vacation home sharing, also known as holiday home sharing, evolved when four families would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons. They rotated seasons each year, so each family enjoyed the prime seasons equally.

In the mid-1970’s, fee simple ownership also spawned the concept of vacation exchanges. Vacation exchange was pioneered by RCI and shortly thereafter by Interval International. Today these two companies represent over 7,000 resorts worldwide.

By 1990’s, major hotel companies including Marriott, Sheraton, Hyatt, Hilton and others began to offer vacation ownership properties. Consumer acceptance and timeshare sales reached record highs.

Today the timeshare is a multi-billion dollar industry. There are nearly 5,000,000 timeshare owners world-wide, and 85.6% of those who responded to the most recent surveys indicated that they are satisfied with their vacation ownership. In fact, 32.4% have plans to purchase additional time and 18.6% will either upgrade or modify their existing timeshare plans. The vacation ownership industry boasts a worldwide offering of about 5,400 resorts in over 100 countries.

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