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2017 was recorded as one of the best years globally, with over 5,400 resorts and annual sales of over $19.7 billion, there are over 20 million timeshare owners worldwide enjoying their annual holidays year after year. With such bad press, what is powering this industry’s growth?

South Africa alone has over 750,000 timeshare owners, Alex Bosch, spokesperson for the Vacation Ownership Association of Southern Africa, says ‘that product flexibility and the wide variety of locations offered by shared vacation ownership is a big drawcard’.

Holiday aspirations vary from person to person, which is why the industry has evolved from fixed-week, fixed-unit purchases to holiday clubs that offer points for greater flexibility in travel destinations and varying vacation periods. The point systems, rental option and exchanges with companies such as RCI and Interval International, are more examples of the product innovation and adaption over the past 50 years to suit the ever-changing trends of travelers,” he said.

Below are some of the top 5 reasons that are making timeshare ownership the favoured vacation lifestyle, particularly amongst millennials and young families looking for class vacations that are affordable.

1. You can choose where and when you want to holiday.

Having a timeshare gives you the freedom to travel the world, you don’t have to go back to the same place year after year. Worldwide there are lots of choices, you can travel locally or abroad, you can buy several weeks and upgrade the size of your accommodation. A recent global Oxford Economics Study revealed that South African timeshare owners spend on average 6.5 more days a year on holiday than their non-owner counterparts, meaning that vacation ownership guarantees that you will have a vacation at least once a year and ensures you take future vacations

2. Credibility, names you can trust.

Top worldwide well-established brands have entered the timeshare field having a huge impact on the face of the industry. Internationally these include the likes of Disney, Marriott, Sheraton, Hyatt, Hilton, Wyndham and in South Africa Tsogo Sun, Sun International and Legacy Hotels and Resorts are enthusiastically engaged in growing the industry locally.

3. The price you see is the price you pay.

General holidays can be extremely expensive and more often than not a family holiday can cost a small fortune, however, with shared ownership, consumers can relax safe in the knowledge that their timeshare allows them to choose their destination when the mood strikes, this alleviates the stress of looking for last minute overpriced holidays.

4. Savings are to be made.

Sharing the costs with several other owners makes sense, this helps by paying for a number of years holidays upfront, at today’s prices, you are safeguarding your holiday costs against inflation and peak season rates. If you analyse the cost of owning and maintaining a holiday home which is only used once or twice a year, you will see it makes financial sense to share the costs.

5. Luxury accommodation all the way.

Traveling to new destinations can be a little worrying, let alone worrying about the accommodation, however, with timeshare ownerships you be certain that you will always enjoy the home from home luxuries most have to offer.

For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk