Timesharing, as a concept, was conceived in Europe in the 1960s. There, it was originally presented as a contractual lodging arrangement featuring the right to make reservations in multiple properties owned by the offeror or even by third parties. The first timeshare in the United States was started in 1974 by Caribbean International Corporation (CIC), based in Fort Lauderdale, Florida. It offered what it called a 25-year vacation license rather than ownership. The company owned two other resorts the vacation license holder could alternate their vacation weeks with: one in St. Croix and one in St. Thomas; both in the U.S. Virgin Islands. The Virgin Islands properties began their timeshare sales in 1973.
One of the biggest questions about timeshare is what are the perks of ownership? Why should I consider timeshare ownership when I can rent one and get the same accommodations?
In the past decade, the timeshare product has changed drastically. Instead of your classic one-week-a-year, same-time same-place arrangement, owners have flexibility in booking their stays by using a point system. If you want three weekend trips instead of one week-long getaway, owners have the flexibility to choose. Travel the way you want, when you want, with full-size amenities and the professional hospitality management service you’re looking for.
Additionally, this year’s State of the Industry Report shows that maintenance fees rose less than inflation - 5.3% vs 6.5% - meaning vacation costs for owners rose at a lower pace than the rest of the hospitality industry. With the flexibility to exchange your ownership point into other activities and events, owners can experience the same benefit against inflation for booking cruises, concerts and more.
Beyond the long-term advantages, spacious accommodations and resort flexibility, there are additional benefits to ownership. Several hospitality brands across the wide portfolio recently shared examples of what the perks of ownership consist of for buyers.
Enjoy Exclusive Events:
Exchange Your Points for Other Vacations:
Snap Up Unique Discounts:
Access to Dedicated Support Teams:
NOTE: It's important to note that vacation ownership comes with certain considerations, such as annual maintenance fees. It's essential to thoroughly research and understand the terms, costs, and commitments associated with owning a timeshare before deciding to own.
Jason Gamel, President and CEO ofARDA (American Resort Development Association) recently offered his opinions on the timeshare model.
Starting in the 1990’s, the timeshare product was fixed week, fixed unit and there wasn’t a lot of flexibility. Owners returned to the same location year after year until exchange companies provided a
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