To have one's own villa on some picturesque beach, from which one can enjoy the scenic coastline and hear the rolling waves? Many people may have such dreams, but most are held back by the exorbitant costs. Yesterday, the world's largest timeshare travel company came to Shanghai for the very first time to help the Shanghainese realise their dreams with the whole new concept of timeshare travel.
Timeshare travel is quite simply a one-time payment at prices lower than normal discounts for the right to use a property for one week each year for a total of 10 years (or 20 or 30 years). By becoming a member of this international network of travellers, one could opt to exchange timeshares with members owning other properties, and in so doing, travel to a different place each time. Particularly tempting is the idea that travel around the world no longer needs to be exorbitant. Timeshare owners can make use of their right to use their properties at the price they paid regardless of how hotel room rates may fluctuate. Therefore, with all other factors constant, timeshare travel expenses may come up to just half of traditional accommodation options, or even less. Even more enticing is the ability to swap travel destinations. As long as your visa application is approved, you can travel anywhere within the network without having to pay additional accommodation fees.
An RCI spokesperson pointed out that living standards in Shanghai are now the highest in China. The sophisticated hotel industry and the appearance of certain serviced apartments have prepared the way for the introduction of timeshare travel in the market. In the meanwhile, China now has about 115 holidays and demand for travel is on the rise. It is estimated that a timeshare travel network of a million members can contribute between RMB 5 billion and RMB 7 billion to the domestic economy, build between 3 and 5 million square metres of real estate, and create up to 20,000 jobs.
Nevertheless a spokesperson from the Shanghai Municipal Tourism Administrative Commission said that for RCI to be really rooted in Shanghai, it would have to overcome several obstacles. First, the reliability. When travellers buy hotel timeshares, they have to make a judgement on how reliable the property is, whether it would close down anytime, or even pretend to close down. With a spate of timeshare-related complaints that have surfaced all over China, cautious Shanghainese may adopt a wait-and-see approach. On the other hand, the hotel industry in Shanghai is booming, and the hotel occupancy rate for all the five-star hotels in November was almost 100%, and so it remains uncertain how many additional rooms would be enough for the city
Showing posts with label timeshare ownership. Show all posts
Showing posts with label timeshare ownership. Show all posts
Monday, February 18, 2008
Friday, January 25, 2008
Tamarack Resort
Tamarack Resort:
the first all-season resort to open in the U.S. in more than two decades, has received national attention for its world-class mountain for skiing, hiking and mountain biking; Osprey Meadows, a Robert Trent Jones, Jr., signature golf course named America’s Best New Course in its category for 2006 by Golf Digest; and beautiful Lake Cascade, ideal for swimming, sailing, fishing, sea kayaking, and boating. A key element of the Tamarack community is The Club at Tamarack for homeowners, their families and guests.
Nestled in Idaho’s Payette River Mountains, Tamarack is a luxury boutique resort with a variety of lodging options all within walking distance of the four-season amenities
the first all-season resort to open in the U.S. in more than two decades, has received national attention for its world-class mountain for skiing, hiking and mountain biking; Osprey Meadows, a Robert Trent Jones, Jr., signature golf course named America’s Best New Course in its category for 2006 by Golf Digest; and beautiful Lake Cascade, ideal for swimming, sailing, fishing, sea kayaking, and boating. A key element of the Tamarack community is The Club at Tamarack for homeowners, their families and guests.
Nestled in Idaho’s Payette River Mountains, Tamarack is a luxury boutique resort with a variety of lodging options all within walking distance of the four-season amenities
Wednesday, January 2, 2008
Diamond Resorts International
Diamond Resorts International® (DRI) announces the European members of Club Sunterra Limited voted overwhelmingly in favor of a resolution to change the legal name of the members’ club from Club Sunterra Limited to Diamond Resorts European Collection Limited at the Extraordinary General Meeting held earlier this month. The members’ meeting vote, held near DRIs European headquarters in Lancaster, England was augmented by an online balloting system, available to all members prior to the EGM, under strict United Kingdom legal guidelines.“The many name changes that occurred over the last few years together with the acquisitions made on behalf of Club Sunterra left a very complex legal structure promoting waste and inefficiencies,” says Stephen J. Cloobeck, Chairman and Chief Executive Officer of DRI. “Our efforts to simplify and streamline every aspect of our business to create a successful global brand drove our resolution to change the club name to align with our other resort collections worldwide.”The name change, supported by over 85% of votes cast, to “Diamond Resorts European Collections Limited” is a change to the member club’s legal name only. From a marketing and membership perspective, the members club will simply be known as THE ClubSM.THE ClubSM will build upon the successes of DRIs existing member offerings with additional choices and convenience, supported by an efficient international network and exchange platform serving all members worldwide with uniformly exceptional products and services.“The name change was necessary to ensure long term benefits and global consistency - and simplicity - for our club members,” says DRI President and Chief Operating Officer Simon Crawford-Welch Ph.D., RRP. “It’s one more step toward a worldwide hospitality brand without the confusion of a complex organizational structure. It was a necessary transitional step that will allow us greater ease in delivering our brand tenets of simplicity, choice and comfort to members of THE ClubSM.”The official name of the global DRI company is, and will continue to be, Diamond Resorts International®Diamond Resorts International®, based in Las Vegas, Nev., is one of the largest vacation ownership companies in the world with more than 110 branded and affiliated resorts throughout the continental United States and Hawaii, Canada, Mexico, the Caribbean and Europe. Offering simplicity, choice and comfort to its more than 360,000 owners through the branded-service of more than 5,000 team members worldwide, Diamond Resorts International® is dedicated to providing its guests with effortless and relaxing vacation experiences every time, for a lifetime.
Technorati Tags:
timeshare, timeshares
Technorati Tags:
timeshare, timeshares
Thursday, December 20, 2007
In depth review of Benefit #2 of Buying a Timeshare
Home-like accommodations
Most timeshare units have floor plans that closely resemble two bedroom, two bathroom condos or apartments, usually with an additional sleeper sofa in the living room. Timeshare unit sizes vary from studios to four bedrooms, allowing plenty of room for families.
Anyone who has been on a vacation with children or groups of friends can tell you that hotel accommodations are not ideal. There are some hotel chains that offer suites, but they are often difficult to find, and two or more bedrooms are hard to come-by. Adjoining hotel rooms are often much more expensive, and usually lack the living, dining, kitchen, and laundry amenities that make your vacation more convenient and affordable. In addition, timeshares come stocked with kitchen utensils, dishes, silverware, etc.. But, unlike your typical rental home, no need to pack sheets and towels.
See more differences between hotel and timeshare condo accommodations »
Real property ownership
If you buy a "deeded" timeshare, you are buying real property. You can give it away, will it to your heirs, rent it, sell it, and so on. Not all timeshares are sold today with deeds. You will need to look carefully at the contract you are offered.
Most timeshare units have floor plans that closely resemble two bedroom, two bathroom condos or apartments, usually with an additional sleeper sofa in the living room. Timeshare unit sizes vary from studios to four bedrooms, allowing plenty of room for families.
Anyone who has been on a vacation with children or groups of friends can tell you that hotel accommodations are not ideal. There are some hotel chains that offer suites, but they are often difficult to find, and two or more bedrooms are hard to come-by. Adjoining hotel rooms are often much more expensive, and usually lack the living, dining, kitchen, and laundry amenities that make your vacation more convenient and affordable. In addition, timeshares come stocked with kitchen utensils, dishes, silverware, etc.. But, unlike your typical rental home, no need to pack sheets and towels.
See more differences between hotel and timeshare condo accommodations »
Real property ownership
If you buy a "deeded" timeshare, you are buying real property. You can give it away, will it to your heirs, rent it, sell it, and so on. Not all timeshares are sold today with deeds. You will need to look carefully at the contract you are offered.
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