Variety Of Ways To Save With Vacation Clubs

Vacation clubs provide a variety of ways in which to save on hotel fees, airline flights, restaurants and more. There are many different options to choose from, which can seem confusing if you are not sure exactly what you’re looking for. Here are some typical types of vacation clubs with a brief explanation to make the process easier.

Perhaps the Most Common Type of Vacation Club

Many people are familiar with how timeshares work. Owners usually pay a yearly fee in order to obtain the rights to a specific property within a predetermined time-frame. For example, an owner might have rights to a condo in Aspen for the second week of February or a log cabin in Tacoma for a specified week in October. Timeshares are transferable and can be leased to other vacationers at any time.

Clubs That Offer Exclusive Private Residences

Whenever a member purchases a destination club, they receive an exclusive private residence. An initiation fee is required that is often less than what the price of a timeshare would be. However, the price of nightly rental might be higher. Accor vacation club memberships is an example of a company that offers destination club packages. There might be different types of destination clubs, such as pay-as-you-go, non-equity and equity memberships. The benefit of this type of club is that it allows for more flexibility in that members can select from different locations, accommodations and even specify the date they wish to arrive. It is a great option if you want the benefit of going on vacation on your own terms.

Clubs in Which Members Own a Percentage of Property

Members of fractional clubs maintain a percentage of a specified property for a certain amount of time. The time-frame in which they can visit the property is solely based on how much of an initial investment they made. These types of clubs might be more expensive than other types because the investment is based upon the vacation property, rather than the amount of weeks the property will be visited. Members might also have to pay for yearly fees to maintain the property.

The New Generation of Vacation Clubs

With the birth of pay as you go vacation clubs, members can now put down a one-time initiation payment and then pay traditional nightly rental rates. Some types of clubs may require an annual fee to maintain membership. The main benefit of pay as you go clubs is that you can receive a significantly reduced initiation fee, without having the responsibility of maintaining the property because you will not have any equity in it.

Since there are many different types of vacation clubs that each offer different benefits, identifying what your budget will allow for, what your vacation preferences might be, what kind of upfront costs may be associated with the club, and which clubs offer discounts to your desired destination can help to make your purchase more attainable. If the time you want to go on vacation is the biggest factor, fractional clubs or timeshares might be your best option. If flexibility is your biggest concern, the pay as you go option might be better suited for your needs.

Holiday Homes

“Timeshare” is a term that was coined fifty years ago in the United Kingdom. It expanded on a vacation idea that was popular in Europe after World War II. For vacation or holiday home sharing, four European families would buy a vacation home together, and they would seasonally rotate occupancy.

Most holiday homes were owned by European families who were related to each other, since joint ownership involves an element of trust. However, few families vacationed for an entire season, so the original timeshare properties were often vacant for extended periods of time. It did not take long for enterprising Britons to consider a solution. Eventually, timeshares evolved into 1/50th ownerships, with two weeks a year set aside for maintenance and repairs.

The first United States timeshares emerged in the mid-1970s. They were owned by a corporation called Caribbean International Corporation (C.I.C), based in Fort Lauderdale, Florida. Rather than providing property ownership, it offered a “vacation license” that enabled license holders to alternate vacation weeks in the U.S. Virgin Islands of St. Croix and St. Thomas. The company maintained the accommodation for a small per diem charge and, if applicable, a switching fee. The license owners could rent or give away their week in any year.

© Juliensirard
© Juliensirard

The timeshare concept became popular with American vacationers and profitable for entrepreneurs. The concept attracted many prominent hoteliers and resort developers across the United States. According to recent documents, there were more than 1,600 timeshare resorts in the United States by 2006. The idea even spawned other occupancy concepts such as shared cars, planes, boats and luxury hotel units.

The timeshare industry is regulated in all countries where the resorts are located. European and national legislation regulate the industry in Europe. In Mexico, timeshare services recently underwent new standards. The industry has adopted a variety of structures including fixed week ownership, floating week ownership, rotating week ownership, vacation clubs and points programs.

Bluegreen Resorts Corporation is one of the most popular timeshare companies in the United States. Based in Boca Raton, Florida, it employs more than 4,500 workers according to Indeed.com. About 170,000 vacationers avail themselves of accommodations at Bluegreen hotels, resorts and various cruise options.

For companies like Bluegreen, marketing vacation ownership interests (VOIs) is the core business. Their job is to sell and maintain these interests. Their target market purchases vacation points that are backed by deeded real estate that is held in trust.

The number of points required to stay at a timeshare resort varies based on a points chart. Members can request fractional weeks, full weeks and extend stays. The points allow for accommodations based on factors like resort popularity, size and seasonal popularity.

In 2000, Bluegreen became one of the first timeshare companies to establish cross-industry marketing agreements, first with Bass Pro Inc. and recently with Choice Hotels. The company also develops land into residential and golf course communities.

Bluegreen also gives back to the communities they serve in a variety of ways. Two of the company’s philanthropic involvements include the American Red Cross and the Juvenile Diabetes Research Foundation (JDRF).

 

Taking Your Dream Vacation To The Highest Level With Holiday Membership

Taking a vacation typically requires a lot of planning and a hefty investment before boarding the plane. There are now other options that allow you to access destinations across the globe for less than you may expect. While timeshares lock you into a specific destination for at least a year, vacation companies that offer significant savings when you become a member offer lots of different destinations and many different types of vacation packages to choose from.

I love beach hopping. :)
I love beach hopping. 🙂

What Members Earn

When choosing a membership in a holiday travel company, you have several options available. Most companies work by offering members special discounts or points toward a dream destination when members participate in events hosted by the company. Some companies have restrictions that are designed to ensure responsibilities are fulfilled by members. For example, some companies offer services only to those ages thirty or older, or may require that you make a certain income before being allowed to join. Different companies have unique requirements that allow you to take vacations to resorts in locations like Mexico and the Caribbean for far less than a standard vacation.

Some companies work by allowing you to purchase vacation points, which are then exchanged later for the vacations that you are interested in. Most companies require that you plan your vacation in advance and that you make cancellations several months in advance to avoid penalties. If you take a preplanned vacation every year, or even several times a year, however, travel companies with memberships and points programs can be beneficial. You can select destinations based on the company’s availability for the dates you plan on traveling. Researching your options is an ideal way to know whether a holiday membership is right for you.

What to Know

While membership and points based vacation companies have received somewhat lackluster results in the past, recent improvements in packages and cashing in points have increased the ratings of some popular vacation companies. For example, you can read through the Royal Holiday Wikipedia page to learn more about one company that has improved their ratings by offering customers better service. You will typically need to attend a presentation before being able to sign up for a holiday membership. The presentation can last for several hours, so make sure that you are prepared for the event. You may find that you are exposed to several marketing techniques at the presentation. You should research the company well beforehand to ensure you are truly interested in the services offered.

By preparing yourself before heading to the presentation, you will feel more comfortable making a final decision about whether you want to join a holiday club. For some people, holiday memberships are a simple solution to vacation planning that may help reduce the costs of staying in a resort when traveling internationally. Remember that different companies offer different destinations. For instance, Royal Travel offers destinations in Mexico and the Caribbean, while some other companies focus on resorts in Africa. Anyone who loves to vacation can benefit from learning more about becoming a member of a holiday travel club.