WHAT IS TIMESHARE

According to Wikipedia, a timeshare (sometimes called vacation ownership) is a property with a particular form of ownership or use rightsThese properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week and almost always the same time every year) in which they may use the propertyUnits may be on a partial ownership, lease, or “right to use” basis, in which the sharer holds no claim to ownership of the property.
Sounds rigid. Yes, a bit we agree.
Somehow over time, Timeshare has become a subject that people have mixed feeling about.  Those who don’t know timeshare don’t even want to give a chance to see what it is and what it can do for you.
 Due to lack of legislation, unscrupulous marketing companies took the opportunity for own gains. Some of these companies closed down.  With this, owners who had purchased timeshare during this era have lost hope. They end up not getting the services as promised.
But, over the time reputable companies have made an effort to improve the usage and availability.  Now there are 4 types of Timeshare to choose from.  Fixed Weeks, Floating Weeks, Right to Use and Points System.  This give owners more flexibility and choices.
With Big Brands like DISNEY, MARRIOT, ACCOR AND HILTON joining the industry, this has give faith to Timeshare Industry to prove its worth.

SO BACK TO THE QUESTION, DO I NEED A TIMESHARE?

Bear in mind that you are purchasing a second-hand timeshare from the original owner.  The owner could be “caught up” in the moment during the holiday.  Sitting in a beautiful resort with the sun, sea, surf and thinking they would like to come back and visit again.  It is not uncommon.
 
But, due to individual circumstances owner has decided to release the timeshare.
 
The most common situation is when owner purchased a Timeshare while still at the resort. They would have paid more buying direct from the resort. This would have cost so much lesser buying from resale market. They usually only find out too late.
 
It’s not about how much you should be paying for a unit, it’s about whether the timeshare will work for you and your family. It’s true to say that if you wish to vacation at Marriott or Starwood, you are better off being an owner at those resorts.
 
Yet, its not necessary to get a high end resort. 

DO I REALLY GET TO TRAVEL WORLDWIDE?

With more owners recruited worldwide, Timeshare companies have to get more resorts to ensure availability.  As this is regulated, companies have to abide by this to stay in business.  Thus this increase the numbers of resorts you can exchange.

Every year, there will be more resorts and way more exchanges.  Sometimes, there are un-used weeks due to low season where people are not travelling. This also give you the ability to do short getaways.  Exchange Companies like RCI and Interval International are doing this.  They come at a very cheap price.

They believe selling the room cheap is good. With people at the resort, they will have revenue from restaurants, bars, tours and other services provided at the resort.  This give you a great chance to get away at a good price.

IT’S A DIFFERENT BALL GAME NOW.

In the early years, timeshares are generally owned by retirees as they are the one with time and money to travel.  But, with the existence of technologies those of yesteryears are finding it hard to keep up.  They prefer a face to face customer service and would like to speak to someone when doing the booking.
 
Due to age, they find it challenging. By now they might not be able to travel far. Hence, they pass down their Timeshare to their children who can make use of it.
 
More younger families are aware of Timeshare and how it can benefit them.  With the new generation, they feel that travelling is now a part of education.  Travelling helps children to find out about other countries, culture, language, food and lifestyle.  It will open their perspective towards life and learn how to respect others.
 
With higher education, this would mean that they have better jobs and better salary.  Apart from savings, they will have disposable income to budget for holiday. With Timeshare, it saves them more money.  With modern technology, it is so easy to do your booking now.  It’s just by the touch of your fingertips.