The Truth About Time-Shares and Vacation Clubs
Vacation clubs are a newer variation on the timeshare model. Instead of purchasing the rights to a specific unit, as with a timeshare, vacation club “members” pay an upfront sum to purchase a number of “points” which can be redeemed for different vacations each year. Yearly maintenance fees still apply.
The number of points can translate to very different vacations based on the desirability of the resort’s location and the time of year. The Marriott Vacation Club, for example, has a three-tiered point system. At the cheapest level, one example of a vacation option is a seven-night stay in a studio in Palm Beach, Florida at any time except during the peak winter season. In contrast, the highest tier of points will give you the opportunity to stay for seven nights in a one-bedroom villa in Oahu, Hawaii at any time during the year.