Apr 26

SmartMoney.com publishes a 10 THINGS article series by Jena McGregor and AnnaMaria Andriotis.  They recently wrote an article on the 10 Things All-Inclusive Resorts Won’t Tell You.  All-inclusive resorts provide accommodations, food and drinks and some entertainment options at their resorts for one price.  Many people enjoy them because they don’t have to think about where to eat or find entertainment choices since they are provided by the resort.

More all-inclusive resorts are maintained as hotel resorts rather than timeshares.  The business model is more appropriate for hotel rooms without kitchens to provide dining choices on their resorts.  Timeshare resorts do have restaurants, shopping and entertainment at their resorts as well, but they are priced separately from annual maintenance fees.

Here is a summary of the 10 Things All-Inclusive Resorts Won’t Tell You:
1. “‘All inclusive’ doesn’t include everything.”
2. “There’s a lot to know about our service before you arrive.”
3. “Booking flights can be tricky.”
4. “Our hurricane guarantee doesn’t guarantee much.”
5. “Your travel agent gets incentives to book with us.”
6. “We might try to sell you a timeshare.”
7. “We typically cater to specific groups.”
8. “We’re not always the cheaper option.”
9. “‘Open bar’ isn’t as great as it sounds.”
10. “We can be bad for the local economy.”

For potential vacationers and timeshare owners, pay particular attention to item number 6 on the list.  In order to reduce costs, hotels will allow timeshares to be marketed at the hotel, or they may have a timeshare division themselves.  Although they may offer something for free for your attendance, just remember that it’s your vacation time that they’ll be taking from you.  From personal experience, this can last up to 3 hours even though they promise only 90 minutes.

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Mar 01

Before you decide to buy a timeshare, you should take into consideration that you are not only paying in advance for vacations you might take, but are also getting locked into a contract that is expensive and rigid should you decide to change your travel plans.

Look at other inexpensive and flexible options existing out there before you commit to owning a timeshare. Many options available enable you to enjoy a luxury vacation without costing you as much as owning a timeshare.

One alternative is renting.  Renting allows you to get all the amenities that buying has to offer without all the associated costs. When you own a timeshare, you wind up paying a big upfront cost. Later, you’ll have to put up with the hassle of rising maintenance fees and special assessments for a timeshare that you may not even use very much.

On the other hand, renting a timeshare is similar to paying for a hotel room. In this situation, you are only required to pay for the timeshare when you use it. A huge inventory of rental timeshares exists online for you browse and choose the one you want.

Even better, consider another option when you go on a trip ? a vacation club. They have exceptionally good values available for members. Many vacation clubs give you a good deal when you are a member. Most importantly, there are no long term contracts.  They allow to cancel your membership whenever you want without charging you a penalty fee.

One good example of a vacation club is Carefree Journeys. Join their club and you can experience the flexibility of vacationing in a timeshare unit whenever you like without committing a penny towards resort ownership. You can book a reservation with many vacation clubs over the phone or through their Website.

Vacation clubs offer many services to their members. A special service that Carefree Journeys grants their members is a personal vacation concierge. The concierge handles many tasks for you such as booking your flight, renting an auto for you, getting the best in hotel or luxury accommodations, and even arranging reservations for you at highly rated restaurants.

Timeshare rentals and vacation clubs give you a better value for your money than owning a timeshare. Plus, you don’t have to worry about being locked into a long-term contract.

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Dec 21

Justin M. Bowen

Justin M. Bowen

Last Friday (Dec. 18, 2009) the Planet Hollywood Resort in Las Vegas checked in its first 20 timeshare owners into its new 1,201-room PH Towers facility.  About 20 percent of the rooms in the PH Towers will be designated for timeshares.  The remainder of the rooms will be allocated to the hotel which will officially open on December 28.

The timeshares are a joint venture between Planet Hollywood Resort and Westgate Resorts, the large, Orlando-based timeshare company.  The partnership will continue even after the sale of Planet Hollywood to Harrah’s Entertainment.  Harrah’s will become the marketing and operating partner, while Westgate owns the property.

Quite impressively, already $300 million in time shares have been sold and the expectation is another $100 million for 2010, according to Westgate Resorts Chief Operating Officer Mark Waltrip.

With high perceived value, the maintenance fees will be higher than the average timeshare.  Westgate and Harrah’s will generate a substantial recurring revenue stream from these high-end timeshares.  Timeshare owners will be paying the tab for this Las Vegas timeshare.

Source: Article in Las Vegas Sun by Amanda Finnegan

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Sep 14

Although the number of timeshares in India is small in comparison to the overall market (146,000 owners versus 6.7 million overall), the number will grow over the next decade.  A report by real estate consultants Cushman & Wakefield and Group RCI predicts the demand for timeshares in India will grow by 16% per annum between 2006-2015 as timeshare and fractional ownership gain acceptance in India.

Most of the resorts will be concentrated in the western part of the country in places like Mumbai, Pune, Ahmedabad and Surat.  New destinations like Coorg and Munnar in the South will open as well as tourism increases throughout the country.

The legal structure for timeshare and fractional ownership is still being put into place in India.  At the same time, the curiosity of luxury properties without normal ownership is growing.  Only time will tell how the industry will grow in India.  Hopefully, there will be a better plan for timeshare owners than in the US where the resale market is nearly non-existent.  Timeshare Relief has no plans to be in India any time soon.

For more information, click here.

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Sep 09

By Alex Finkelstein, Real Estate Channel

My friend Pipuk maintains the timeshare sales market and even the re-sales market will eventually turn around when all of the real estate sector begins to rebound in 2010 and 2011.

I tell Pipuk that’s what he told me in 2007 and 2008 and the real estate market is still trying to find itself as 2009 winds down.

But my strongest argument to Pipuk is that the sale and acquisition of timeshare units should not be considered by any buyer as a real estate investment.

Timeshare units, in my humble opinion, are not real estate. They do not appreciate in value as the years roll by. They do not become more desirable as they age.

They are a lifestyle – a lifestyle that may well suit some buyers and not particularly interest others.

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