With timeshare the use and costs of running the resort are shared among the owners. While the majority of Timeshare resorts are condominium vacation resorts, developers have applied the timeshare model to houseboats, yachts, campgrounds and motor homes.
History of Timeshare
The notion of a timeshare was originally created in Europe in the 1960s. A ski resort developer in the French Alps innovatively marketed his resort by encouraging guests to “stop renting a room” and instead “buy the hotel”. The developer was successful in increasing occupancy and the idea spread worldwide.
Timeshare Methods of Use
Timeshare owners may elect to:
* Use their usage time
* Rent out their owned usage
* Give it as a gift
* Exchange internally within the same resort or resort group
* Exchange externally into thousands of other timeshare resorts
Timeshare owners can elect to stay at their resort during the prescribed period, which varies depending on the nature of their ownership. They can rent out their week or give it as a gift to friends and family.
Timeshare offers owners the...
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