Why is Timeshare a Great Vacation Option?

Timeshare – or shared-vacation ownership – means you purchase a period of time, usually a week or more, in vacation accommodation based on a resort with of on-site amenities which could include a pool, bar, restaurant and more.

Timeshare puts vacation ownership within the financial reach of those who would like a second home in a destination they love, but may not be able to afford to buy whole ownership – or may not want the degree of financial commitment of a second home purchase.

Resorts typically offer a single week ownership option, with the potential to purchase additional weeks at the same resort, or at others owned by the same developer. If you decide not to go to the resort you own at each year, your RCI membership offers you the chance to put your ownership week into our vacation exchange programme and book a different week at your home resort, or take another week at a completely different resort. Fractional-ownership properties and destination clubs usually offer longer periods of ownership over several weeks – often at upmarket properties in prime locations.

What is Timeshare

More than just a vacation home

Owning a timeshare gives you a guaranteed vacation every year, with the reduced financial risk that owning and maintaining a property outright can bring. Vacation ownership resorts can provide more spacious accommodation than hotels and may boast more on-site facilities.

However, without membership of a vacation exchange service provider, you can't swap your timeshare week for an alternative vacation elsewhere. Joining RCI offers a variety of vacation options – exchanging into properties at our affiliated resorts worldwide, for the same nominal fee per week, regardless of the size or destination, plus access to discounted rental vacations and travel 'extras.'

Timeshare Ownership Options

About Timeshare

There really is a vacation type and time to suit everyone. The spectrum of vacation ownership ranges from timeshare resorts which typically offer a single week option, although additional weeks can be purchased at the same resort or at several different ones, to fractional, private residence clubs and destination clubs which provide longer accommodation periods of several weeks of ownership at more expensive, upmarket properties.

The running of your resort

Resorts can be run by professional management companies or, in some cases, by the owners themselves who appoint an Owners' Committee to administer the resort's operation. The cost of cleaning, building maintenance, pool cleaning, gardening, security, etc, is shared between the owners in a resort development and this levy is called a Maintenance Fee. These fees start from about $550 per annum in a standard resort for one week’s ownership and will increase commensurately with the resort accommodation quality, size and type/number of onsite guest facilities to be maintained. Many resorts use the fee payments to build a sinking fund to provide for major redecoration or refurbishment on a usually five-yearly plan so owners do not have to find additional monies for any major refurbishment programs. The fact that somebody else has the hassle of property repair and maintenance is priceless!

Home away from Home

Typically, vacation ownership resorts provide more spacious accommodations than hotels, delivering the ultimate vacation experience, with many more guest facilities on site, including child pools and play areas, a selection of restaurants, spas, fitness centres and much more. The biggest benefit of owning a timeshare property is the ability to have a ‘home away from home’ to vacation in, but at a much reduced financial risk and exposure, as the purchase price and maintenance costs are only a fraction of the costs of a wholly-owned property.

The RCI's Role

You cannot buy a timeshare from RCI. RCI is the world's largest vacation exchange network and does not own the resorts at which its members purchase. RCI’s vacation exchange service is available to owners of weeks and to those preferring to join a points system – or those owning both. Sometimes, points-based vacations are offered to timeshare owners in the form of taking up membership of a ‘Vacation Club’ and these members still benefit from the exchange vacation options. Resort developers can choose to affiliate their resorts to a timeshare exchange network – and RCI has twice as many affiliated resorts in our exchange program as our nearest competitor. When buying a timeshare you may be offered membership to an exchange company – and in the unlikely event that it isn’t mentioned, you should always ask.

Already own timeshare?

If you already own at one of our affiliated resorts, you could make your timeshare work harder! Join RCI to exchange your timeshare for holidays worldwide.

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