The timeshare industry is undergoing a renaissance, and there’s plenty of good news. For one, Millennials and Gen Zs now make up more than half of the timeshare owners in the world. Another reason that the industry is resurging is the increasing popularity of timeshares among Baby Boomers and Gen Xs.
It’s a good idea to get your facts straight before buying a timeshare, as they often contain many hidden costs and liability. They can also be incredibly hard to get out of, and some people end up losing their money.
If you’re thinking of investing in a timeshare, be sure to check out these 10 things to know before you buy. They’ll help you avoid a lot of headaches down the road.
Timeshares can be a great option for many families, especially those who enjoy the flexibility of traveling to a certain location every year. But, like all major purchases, it’s important to do your homework before you sign on the dotted line.
This is where the TUG website comes in. Since it’s founding in 2003, TUG has provided an online community of timeshare enthusiasts where owners can share their experiences with the industry and ask questions. This has grown into an invaluable resource that keeps TUG members up-to-date with the latest industry news and tips from experts.
It’s an exciting time to be a part of this community and we are constantly striving to keep it up-to-date with the most current industry information, tips, and tricks.
For example, the TUG website recently launched a series of YouTube videos that feature members talking about their timeshare experience and sharing their knowledge. These short videos are a great way to stay informed and learn from others.
The most recent TUG video features a member talking about the timeshare market and why it’s important to check out the resale market when it comes to selling your vacation ownership. The resale market is an excellent place to find deals on your timeshare or other vacation property, but it’s important to do your homework and check out all the different options.
Timeshares are a great way to beat travel inflation, but they’re not a wise long-term investment for everyone.
If you’re in the market for a timeshare, consider that prices are rising at a faster rate than they were before the Great Recession. It’s important to compare your options before making a purchase, including whether or not the hotel is in an area with high tourism, and how much you are paying in dues each year.
A good place to start is by checking out the Resort Owners Association and the International Council of Timeshare Owners (ICTSO). These organizations are designed to protect timeshare owners from scams, fraud and other pitfalls, so they can be more successful in the long run.
It’s a good bet that your local and state consumer protection agencies will have an interest in protecting timeshare owners from these scams, and they can help you get out of a timeshare that is costing you money. They may be able to offer you legal services, free of charge or a small fee.