Timeshares are for everyone
||A Bit of Timeshare History
Timeshare first appeared in Europe in the mid 60's and the first American programs
began in 1969. By 1975 there were 45 USA resorts with over 10,000 members. Since
1975 timesharing has become one of the fastest growing sectors of the vacation travel
Today there are over 4,000 resorts in over 80 countries. But other changes were also
happening during this 20 year period. Intervals were becoming more flexible and easier
to use and exchange. Starting with mostly fixed weeks, we now have floating time,
split weeks, quarter shares, fractional, clubs and points. This new flexibility has
now attracted the major hotel players like Marriott, Disney, Hilton, Embassy Suites
Timesharing has now arrived and is here to stay. Stay tuned.
Sources: ARDA's Timeshare Fact Sheet, July 1987 and Ragatz Assoc., 1995 Worldwide
The chart below shows the explosive growth that took place in the USA from 1975
to 1985 and worldwide from 1985 to 1995.
A Timeshare is a way...
Timeshares are currently ...
You have the pools...
The biggest early misconception about timeshares is that they were an investment
in real estate and like all real estate (in the 80's) they would have short term
appreciation. Timeshare is an investment in a vacation lifestyle that pays off over
time, and provides more benefits the longer you own and use it. If you like to vacation
and want the benefits of a luxury suite for the price of a normal hotel room ....
then timeshare is for you.
Timesharing is a unique way to own or use resort accommodations for a certain
period of time each year without the responsibility of year round ownership. Timesharing
is a way of dividing the ownership of a vacation home into a number of individually
held intervals or time periods. Once divided, the use and the cost of maintaining
the resort dwelling is split among the individual owners based on the number of weeks
each has purchased.Resort timesharing can be categorized into two broad areas:
- Buying an OWNERSHIP INTEREST in real estate
- Buying the RIGHT TO USE a living space for a specified number of years without
actually owning an interest in the real estate.
Ownership interest offers buyers the dual protection of title to the property and
title insurance. Owners can will, lease, or sell their interest as well as mortgage
their interest and may enjoy the same tax benefits as with home ownership. Non-Ownership
or Right to Use timesharing allows the buyers occupancy rights for a specified number
of years, but does not place membership families in an equity position. There may
be limitations on the rental or resale of the interest and when the membership period
ends the occupancy rights revert to the owning entity.