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Major players divide local timeshare loot. (.pdf)
by Melissa Maugeri.
© Courier Mail.
Timeshare... now considered the most dynamic sector of the hospitality. (.pdf)
by Lisa Allen.
© Australian Financial Review.
Becton hands in keys to timeshare venture. (.pdf)
by Nick Nichols.
© Gold Coast Bulletin.
Be aware of Spanish scammers. (.pdf)
Home Advice, Happy Holidays (.pdf)
by Anne Barker.
© Your Home and Garden.
Time to share in a holiday revival
by Garry Sheeran.
© Sunday Star Times.
Timeshare where did it start and what is it?
24 January 2012
Timeshare is a firmly established concept which allows you to buy the use of a holiday home for the same week or weeks every year at a fraction of the price of owning it all year round. Timeshares comes without the exorbitant cost and worry of year round utility connections and ongoing maintenance issues. In effect you are pre-buying your vacation or holiday time, which you can use yourself, give away, rent out, sell or bequeath as you so desire. Timeshare has many different variations within the same basic concept. Timeshare can also be called vacation ownership, holiday ownership, flexi time, holiday points and credits or club time to name most popular systems. Timeshare today is one of the fastest growing sectors within the holiday industry. With the arrival of such hotel groups such as Accor, Marriott's, Hilton, Hyatt and Wyndham the image of Timeshare has changed. As have the benefits offered to timeshare owner by these groups.
Some say the French re-invented Timeshare in 1966 at a French resort. It may have been one of the luxury villas in the South of France, although the genuinely earliest known Timesharing in Europe was Albert Hall in London, which was built in the late 19th Century. At a time when those subscribing to the building fund received in return a right to a specific seat and tickets at specific intervals. Timeshare was quickly seen to be a way of providing holiday homes in areas of beauty and interest where housing was in short supply or deemed to be exorbitant in price. The concept was simple and seemed viable in economic terms so soon spread to Switzerland, Japan and throughout the United States. Those who own timeshare are firm believers in Timesharing and many are multi-week owners. It was in America that RCI first opened its doors in 1974. RCI is the largest exchange company in the world servicing timeshare owners wishing to swap there resort time for another and boasts close to 4 million members, 4000 resorts in 100 countries. Along way from it's beginnings of one resort and 453 members.
Holiday Clubs. What are they?
18 December 2011
Holiday Clubs have been around for a number of years, and their origin stems from the declining occupancy rates during the 80's and 90's in commercial accommodation properties such as Hotels, Motor Inns etc.. In some cases the occupancy had dropped below 45%. Once the major Hotel Groups realised that the traditional Timeshare industry had a consistent occupancy of up to 98%, they adopted the timeshare model and modified it to suit the younger generations and their families, who unlike their parents, seemed to prefer a shorter stay, and not be bound to a 7 day week running from Friday to Friday, or Saturday to Saturday.
This has proved enormously successful for the large International Hotel Groups such as Disney, Hilton, Marriott, and of course in our own locality, Wyndham and Accor.
The Timeshare industry welcomed the new players with open arms, and eventually the older style resorts with their week by week occupancy realised that they should adopt some of their practises.
The Holiday Club system is the result of this, and the major Club in NZ and Australia is the Classic Holiday Club, an offshoot of Classic Holidays, Australia's largest timeshare management company and part owner of the Dae exchange company. The Wyndham South Pacific Club, was developed by Trendwest Worldmark Resorts. This company is owned by Cendant Corporation, and in turn, Wyndham now own RCI (Resort Condominiums International) the largest timeshare exchange company in the world. Wyndham also supports Dial an Exchange www.daelive.com
The Accor Vacation Club (AVC) like Wyndham, is an International Hotel Group with many Brand names. Those known in New Zealand are mainly Sofitel, Mercure, and Novotel. Their preferred Exchange company is Interval International now based in Malaysia. These two Hotel Groups are probably better described as a timeshare club or a vacation club. The original timeshare concept of 40 years ago, was where you holidayed at a particular resort during “your week” each year, and it wasn't until the advent of the RCI, exchange system that an Owner gained the flexibility of being able to have their holiday at “someone else's” resort or at a different time of year every year.
The Wyndham South Pacific Club and Accor Vacation Club (AVC) both give you the same freedom as Timeshare week owners to choose where to go, and when to go with the added benefit of not having to stay for a whole week. All clubs use a points based system to give you the flexibility to decide how, where and when you want to vacation. Each year you receive an allocation of points (sometimes called credits) depending on the size of your membership. You may trade these points in for accommodation at the various club owned or affiliated resorts, swap them for weeks at other resorts round the world through their exchange program or save them up to have a bigger holiday next year.
In this way you can have a romantic getaway to Fiji, a fun-filled family vacation on the Gold Coast or a weekend of shopping and theatre in Sydney. With Wyndham or AVC the choice is yours and the consistent high quality of the resorts means you will have a great time anywhere you choose to go.
For more information on second hand sales and how to grab a bargain visit www.timesharesnz.com or www.sellmytimeshare.co
Classic Holiday Club - Australia
Classic Holiday Club has brought to New Zealand for the first time its latest holiday program - Classic Escapes, a private club system, which to date has received much acclaim.
Classic Escapes is an enhancement to their traditional timeshare model, a long awaited, user pays system. Classic Holiday Club Escapes program bridges the gap where traditional timeshare has some restrictions e.g.
- Unit size.
- Duration of stay.
- Seasonal restrictions in the RCI & DialAnExchange systems.
The Classic Holiday Club's Escapes program, a pay-as-you-go system means you buy your holiday time when you require it with no annual maintenance levy. For a small annual account fee Escapes Members, free themselves from retail holiday costs. They also provide themselves with the ability to have multiple high quality holidays at properties including Classics 20 Australian resorts and thousands of local and international properties, throughout their membership term. Worldwide Cruising and a convenient travel agency system are available too. Many new Classic Escapes members who own traditional timeshare also have the ability to share their membership benefits with family and even friends generally and never need to deposit a week with an exchange company. More on Classic Escapes at www.classicholidayclub.co.nz.
Time to share in a holiday revival
By Garry Sheeran
Traditional baches they're not, but timeshare resorts are giving thousands of Kiwi holidaymakers a place in the sun. And - if overseas trends are any guide - a much-maligned industry could be in for a revival.
It will take a new generation of buyers who weren't burnt - or who knew someone who was burnt - from the cowboy selling antics in the late '80s to generate a revival but that time may be approaching.
The industry is sprucing itself up with new images and catchwords. Big multinationals, supposedly more reputable in the way they operate, have chased away some of the wide-boys.
The body which represents timeshare resorts and associated marketing and development companies is the New Zealand Holiday Ownership Council. It has a code of ethics and a code of practice, with dire warnings for members who transgress.
Some of the timeshare resorts offer high quality holiday apartments at some of our top spots - Club Paihia, the Bishop Selwyn and Busby Manor in the Bay of Islands, Queenstown Mews, Taupo Ika Nui, the Mission Bay Resort in Auckland and Mt Maunganui's Sun Pacific Villas.
You'll have to pay a one-off charge of up to $20,000 to secure a week's holiday every year at Sun Pacific, the most popular (and most expensive) timeshare in the country, according to council executive member Ken Greenwood. He's also negotiating the sale of an "interval" - industry jargon for a week in a timeshare - at Paihia which he expects to go for about $16,000.
"The trade-off for people who buy, say, a month at one of these top places over Christmas-New Year is that it's still an awful lot cheaper than spending $500,000 or more on a classy home in these places," said Greenwood. "Looked at that way, timeshares represent good value."
But most of the 30,000 Kiwi families who own a timeshare are in a different league. There are 26 timeshare resorts in New Zealand and the average price for a "floating" week in a two-bedroom resort outside the Christmas-New Year period is about $5000, said Greenwood. A one-bedroom unit costs $2000-$4000, and up to $2000 for a studio or bedsit booked in advance.
A big drawcard is that timeshare owners can trade their Kiwi stay with overseas timeshares, having pre-paid their accommodation in Kiwi dollars, with no added foreign currency costs. Another development is the ability for timeshare owners to swap their stay in a resort for travel-related services such as cruises, campervans and rental cars.
Baby-boomers approaching retirement are a new target for timeshares - it's a way they can finance their travel plans with a one-off payment from redundancy or superannuation payouts.
But, warns Greenwood, people should not regard a timeshare purchase as an investment. "An investment in a system of holidays, in meeting like people, in enjoyment of family time maybe, but not in providing a return in the normal sense."
That was one of the points which got people grumpy during the bad days of hardsell in the late '80s. They did not understand the ongoing costs of a timeshare (an annual maintenance fee of around $500) or that they would probably face a capital loss when they came to sell. It is one "property" purchase almost guaranteed to cost you money when you onsell. Greenwood likens it to the car market. Buy a new car and you pay a premium to cover development costs. Second-hand cars are much cheaper. "Buying timeshare second-hand means you are getting the same resort ownership as the new buyer, but at a price the market is currently sustaining," he said.
And because many people who bought during the rush a decade ago now want out they are about two thirds cheaper.
Greenwood began his timeshare reselling market four years ago when he picked the trend. "Timeshares which sold for $18,000 a decade or more ago are now being picked up for $6000," he said.
Greenwood said many sellers were getting too old to use them, while others came on the market after marital breakups.
The Consumers Institute has advised people to beware of buying new timeshare rights because of the more attractive prices being offered on the secondary market.
The Commerce Commission warns while complaints about the selling antics of timeshare sales people are not so frequent, they have not gone away.
One timeshare company was fined $17,000 last year for misleading telephone calls and the commission is investigating similar allegations against One World Leisure, a timeshare marketing company which is a member of the Holiday Ownership Council.
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