Going on a long vacation and staying in a high end luxurious resort is something not everybody can afford. It can cost you fortune and may appear like a mere dream, miles away from being fulfilled in reality. However, the concept of timeshare has made things easy. It allows individuals to enjoy their vacation in a large, spacious accommodation without having to cough up huge sums of money.
The timeshare industry got a major boost in mid seventies. Due to oil crisis, people were looking for ways to make their vacation cheaper. To cater to the increasing demand, more number of regular resorts started converting to timeshare. The idea was liked by affluents and less affluents alike. Marriott chain of hotels was among the first to plunge into this industry. And seeing its success, other hotels like Sheraton, Hilton, Radisson, etc. followed suit.
Today, there are over 5,000 timeshares worldwide out of which over 1500 resorts are situated in US alone. Mexico accounts for another 40 percent of the timeshare properties. In terms of owners, United States accounts for almost half of the timeshare owners throughout the world.
A timeshare property is split up between multiple share holders. The good thing about it is that you do not need to own it. As a timeshare purchaser, you will be allowed to spend a certain amount of time each year.
Since most of the properties are developed by experienced hoteliers and resort owners, you will find that the destinations are great and the arrangement is perfect. A timeshare property serves like your very own holiday home without you having to bother about the planning and maintenance. When you buy a timeshare, you are in a way, also safeguarding yourself against the future increase in rental cost. Thus, it also serves as a safe investment.