Timeshare vs. Hotel
June 18, 2007
Filed under Timeshare Articles
BY Barbara Correa Staff Writer
Does $18,000 for a week’s vacation for the rest of your life sound good?
That’s the average price paid last year for a time share. Despite that high barrier to entry, the time-share business is booming. But does it make financial sense to buy a piece of home away from home?
Well, in the example above, the cost would work out to about $600 for each week if you had the time share for 30 years.
Like a lot of consumers, I was always skeptical about the concept of paying upfront for a lifetime of guaranteed annual vacations at the same resort. The initial investment is a major turnoff, and the thought of always visiting the same place runs counter to many vacationers’ idea of what travel should be.
But spending a few nights at a relative’s poolside condo in Palm Springs last month convinced me that the time-share model can pay off. [read more]
Timeshare does make sense for over 4,000,000 US owners, a number that is increasing every year. But what makes most sense is buying your timeshare from the resale market. You’ll save from 60% to 80% below retail prices when you purchase from Holiday!
