HISTORY OF TIMESHARE
Timesharing originated in the French Alps in the late 1960’s
at the French Ski Resort, Supportively in 1966-67. The idea was
basically by a group of regular vacationers who realized
that taking holidays every year was becoming more and more expensive.
So they decided to get together, choose a resort and share the
cost. This of course worked wonderfully, since it meant saving
an accommodation cost for subsequent vacations. The concept was
then introduced in United States in the 1970’s and then
of course, it became a worldwide concept In India, the concept
arrived as late as 1982 and wholesomely welcomed since it meant
buying future vacations at today’s price.
There exits a tremendous potential for timesharing in the Indian
market and only 0.069% of the market are members.
ABOUT TIMESHARE
Timesharing simply means using a product or service only when
needed. In other words, if you were a timeshare member, it would
mean purchasing the amount of holiday time you need, at the time
of the year you want in the type of accommodation that is right
for you. Therefore, the buying price is less and the upkeep cost
makes sense because the annual charges are shared. For a one –time
purchase price & an annual maintenance fee, timeshare purchasers
own their for a predetermined (30/33/99) years. Apart from this
vacation exchange adds flexibility & variety to timesharing
by allowing timeshare owners to trade the accommodation they have
subscribed with other similar accommodation at other throughout
the world.
Every unit at each resort has 52 weeks in a year at its
disposal of there two weeks are allotted as maintenance weeks
which are not sold to any customer. A member can purchase any
week of a particular unit at a particular Destination resorts
for a specific season. This of course, means that there can be
a maximum of 50 holiday owners for each unit. The basic concept
of a timeshare can therefore be summed up by saying that it is
a one-time payment that entitles you for a weeks at various resorts
every year for 30/33/99 years.
Statistics prove that however good the quality of a resort may
be, it cannot be a successful holiday if a member has to keep
going only to that resort year after year. It was a result of
this problem that a disarmingly simple idea was launched and developed
– the facility for a timeshare owner to exchange his week
in his resort with the owner of a week in another resort.
Thus a timeshare ownership may be defined as “A person
pays a capital sum to promoter of a timeshare resort and, in consequence,
acquire a right to the use accommodation and facilities in that
resort for a defined period each year.”
MEMBER ADVANTAGES TO BUY TIMESHARE
When you buy a timeshare
