How Do Timeshares Work?
When people think of timeshares, they think of buying a specific week at a specific resort or location to use when they vacation. This is known as a ‘fixed’ week. While that’s not wrong, just like everything, timeshares have changed.
Today, timeshares, also known as vacation ownership, use points-based programs that offer owners more flexibility when they travel. Owners can use points toward a variety of vacations without having to stick to the same resort during the same week every year.
Fixed Week vs. Points System Options
“Old-school” timeshares have experienced quite a shift since points were introduced. Traditional fixed week timeshares provided accommodations for only one specific week at one resort. This limited the owner’s choices when it came to locations, and they were at the mercy of inclement weather or calendar conflicts.
How Do Timeshare Points Work?
This brings us to timeshare points. Points-based programs have revolutionized the industry and provide owners way more flexibility to travel how they want.
When you purchase a timeshare, you’re purchasing a real estate interest which provides you annual points to use toward vacations. How many points you’ll need for each vacation depends on when and where you travel and in the type of accommodations you stay. It’s just like if you paid out of pocket, but you’re locking in today’s rates so you’ll have a better idea of how much future vacations will cost.
Also, for timeshares affiliated with larger hotel companies, you can exchange your points for trips to their partner hotels.
How Long are Timeshare Contracts?
Timeshares help you enjoy more vacations more often and help you save on future accommodations by locking in today’s rates. We believe you’ll love vacationing with us, but we never want you to feel stuck.
Purchasing with us comes with a rescission period, or cancelation window, just in case. This period is typically between 3-10 days, but the exact timeframe varies by state law and will be specifically listed on your purchase contract.
Once the rescission period ends, owners without a mortgage have safe, easy and secure options for exiting ownership. Owners with a mortgage can work with us to explore ways to resell or exit their ownership. If you do not choose rescission or one of these methods of exiting ownership, a timeshare contract will last a lifetime.
Timeshare Assessment Fees & Costs
Just like what you’d find when owning your home, timeshare ownership comes with upkeep and costs. These assessment “fees” are used for repairing, renovating and enhancing the resorts you’ll be vacationing at. We stick to set Homeowner’s Association schedules for all maintenance and renovations, including villa décor every six or seven years.
When you buy our timeshare interest, your Club membership is included in your purchase price. To remain a Club member, annual dues are $136 per year from the date of your purchase. Being a Club member gives you access to our partner networks, priority booking, MAXtime discounted travel deals, VIP Experiences and more.
Pools and other shared amenities
Lounges, lobbies and common areas
Landscaping, roads and parking lots
Villas and villa buildings
Onsite activities and seasonal experiences
How Do I Become a Club Member?
There are just a few steps to purchasing vacation ownership and becoming a Club member with us.
Book a Villa
Just like you would with a hotel, you can book our resorts online. Our Club members get priority booking, which means peak travel times or weekends may be limited, so check availability to plan your getaway.
Make a reservation, stay with us and see if you like it. If you have questions during your stay or want to book a tour to learn more, ask a resort team member, and they’ll be happy to help!
Get a Vacation Package
We also offer great getaway deals all year long. And no, they’re not too good to be true: We offer you savings because you’ll be giving us a few hours of your vacation time to see what vacation ownership is like during a resort tour.
Since Club members get first dibs on booking at our resorts, you’ll typically stay at a nearby partner hotel and visit us at the resort for your tour.
Go on a Tour
Once you arrive at the resort, join us to experience Holiday Inn Club Vacations® first-hand and get all the information you want and need about membership from one of our team members. To sign up, you can purchase a discounted vacation, and we’ll call to schedule your tour. Or you can book by calling (888) 852-2714.
Want to tour from the comfort of your own home? You can also take a virtual tour with our team. You’ll get the same in-depth information as our traditional in-person tour, without taking time away from vacation. To schedule, please submit a request, and one of our Virtual Sales Consultants will call you to discuss. Or you can call us direct at (855) 605-8450.
Purchase Your Timeshare
You tested us out, you talked it over, and now you’re ready to join the well-vacationed! Congratulations! If you’re ready to join our Club at the end of your tour, you can get some special same-day purchase incentives.
We’ll walk you through every step of the closing process and paperwork, and then celebrate you as the newest member of our Club family.
“Prompt service, very accommodating. That is why we are Club Members. Members since 1999. We love Holiday (Inn Club) Vacations. Great organization.”
“I truly have confidence in the Holiday Inn Club Vacation Counselors. They have been so kind and patient and extremely helpful, such a comfort to a new member. Thank you!”