Originally, timeshare was sold on a fixed week basis, with the owner being given a week number and apartment. This entitled the owner to return to their resort the same week each year and use the same apartment. It was this method of use which attracted many people to buy, it guaranteed the standard of accommodation and the holiday. For many this system was great, they returned the same time each year, getting to know other owners. For many who had young children this was an added bonus, they got to know other kids and over the years some very good friendships developed.
Over the years and speaking to these owners, they even arranged holidays at other resorts as a group. Using the RCI or Interval International exchange system, they would bank their weeks and book at other locations. They became in effect an extended family.
When the floating weeks and points systems were introduced, they were marketed as being more flexible. At first this was the case, although many remained as fixed week owners. The points system does not actually entitle you to anything other than right to use, you are no longer an owner at a resort but a member of the club which sells the points.
For example, Sunterra took over the management of a small resort in Mallorca called Cala de Mar. It is not a large resort, around 45 apartments, it had a large membership of fixed week owners who returned year after year. They got to know the staff and the staff remembered them when they returned. Sunterra tried to convert these owners into points members, but most resisted. For them, they purchased at this resort for one simple reason, they loved the size and friendliness of the place. They actually felt that they owned something.
Another aspect to the complaints of availability is the rental weeks that are also on offer. These are available over the internet through booking companies such as booking.com, tripadvisor, medresorts,net, Trivago and many more. Resorts also have their own websites and offer rentals, many for considerably less than the maintenance fees that members are charged, some even advertising 25 to 60% discounts.
Remember that most resorts are not owned by the companies that manage them, they own your membership of points, they collect your maintenance fees but you are their members not the resorts. They may only have so much inventory at this or that resort, the resorts themselves only get a fraction of the maintenance fees. In order to keep the resort afloat, they rent out the inventory not being used by the points club. So when you the points member tries to book, there is no availability at the resort, hence the booking window in many cases is a minimum of 12 months in advance. Anything after that, you may just be lucky. It is also the case that the points club has more members than it has inventory, so you can see where the the problems is, more people than accommodation available.
So why are you the member paying thousands for a membership which guarantees you nothing, costs you the earth every year in management fees, then you are unable to get rid of it. Locked into a contract which is no good to you?
Only you can answer this question.
Yes, these resorts are of a high standard, but would you not be better booking as a non member, paying for your holiday without the ever increasing maintenance. Then as we have seen recently at Garden Lago, the management company who you own the points with, sells their interest and you end up losing any of the member benefits when returning to the resort on the exchange system.
Try searching the internet for the resorts by name which are in the RCI & II catalogue, you will be amazed at what is available. You will also be surprised at the cost, yes at certain times of year the prices may be high, but is this not also the case when using the high street travel agent? One thing to remember, even if the price for a week is more than your maintenance fees, the person booking as a non member has not paid around £10,000 for membership. I leave you to decide what is better value.
It must also be mentioned, this is the reason the Spanish Supreme Court has ruled that floating weeks and points have been declared illegal.
If you have any questions about this or any other timeshare matter, Inside Timeshare will try to answer. If we do not know, we will find out. Also if you want any information as to how you can get out of your membership, contact Inside Timeshare, there is a solution for you.