Timeshare news focuses on the latest developments in the timeshare industry. It includes tips and advice for timeshare owners, as well as insight from leading industry experts.
Timesharing is a popular way to vacation that has been rebranded as “vacation clubs” and “vacation ownership plans.” It’s estimated that about 10 million US households have at least one of these types of contracts. They typically allow you to use a resort for a week, two weeks or a year at a time.
The industry is booming, with many consumers paying up to $24,000 a year for their timeshares. But with tourism down and prices for hotels, flights and gas on the rise, some people are thinking about getting out of their timeshares.
Those who are wishing to leave their timeshares may need to be careful when dealing with timeshare exit companies, which promise to help you get out of your contract for a fee.
But these companies don’t always follow through on their promises, according to the Better Business Bureau. The agency said it received more than 8,700 complaints about timeshares and vacation clubs in Missouri last year, making it the third-highest state for complaints nationally.
It also found that many people who were tempted by these companies didn’t take enough time to read the contracts. This could lead them to make the mistake of signing away their rights and money without knowing what they were really agreeing to.
That’s why it’s so important to do your homework and make sure that the company is legitimate. This can help you avoid the pitfalls that many people have fallen into.
There are also many different consumer organisations that can help you avoid timeshare scams and find reputable businesses to work with. The best place to start is with the TCA, which provides impartial, expert advice and information to consumers.
The ARDA and ARDA-ROC are other key advocacy organisations, working with the federal and state governments to ensure that there is protection for consumers in the timeshare industry.
Aside from being a great way to spend a vacation, timeshares are a valuable financial asset for some people. They give you access to a resort for a fixed period of time, at a price that is based on points rather than the cost of the actual vacation.
Several timeshare companies have recently launched points-based systems, which are designed to boost the trust of timeshare buyers by offering them a flexible method for booking their vacations. In these models, consumers can buy points to redeem at any participating timeshare resort in the network.