Timeshare Vacation Ownership (a/k/a Timeshare) has become an integral segment of the travel and leisure industry, with many leading hotel brands now offering it as an ideal way of providing their existing customers with more choice, attracting and retaining new customers and providing an opportunity to improve their business performance.
Timeshare simply divides ownership of a resort condominium (or hotel, yacht, plane, etc) into intervals, usually comprised of one or two weeks. In its infancy, Timeshare was sold simply as a fixed week (7 days) in a unit at a particular resort. As consumers became more sophisticated timeshare evolved and now provides consumers with a variety of product offerings including fixed weeks, floating time, split weeks, points, and usage on alternate years to reflect their leisure needs and how much they want to spend.
Essentially, when a consumer buys a timeshare they are purchasing their future holidays and leisure time at today’s rate. Timeshare owners typically have all the rights and privileges associated with whole-ownership, but pay specifically for the periods that they want to own and use the property. Depending on the rules of the resort or club, timeshare owners can elect to use their interval for regular vacations, rent out the time to generate income, or exchange the interval for a vacation in another resort entirely.
There are currently in excess of 1,600 timeshare resorts and over 150,000 timeshare units in the United States alone. This is a growth industry that transcends multiple demographics.
FNTC America Trust Company works with developers and home-owners associations to create and implement innovative legal structures for timeshare resorts that can be flexible enough to accommodate industry and market changes as well as offering independent professional trustee services to reduce transactional and administrative costs, improve inventory control, and increase consumer protection.
Contact FNTC America early in your resort planning process to understand the savings and benefits available through our proven models.
For more information on how FNTC America can help your business please email FNTC America or contact by phone at (+1) 866 978 2571