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 A: Holiday Ownership means the right to spend a holiday period of one or more weeks each year in a villa, apartment or other type of accommodation, at a chosen resort or location, either for a fixed number of years or in perpetuity (forever). Q: What is the economical benefit of Holiday Ownership? A: By buying a Holiday Ownership, what one is effectively doing, is to fixing the price for future holidays in a quality accommodation within a resort with excellent services and leisure facilities. In general, Holiday Ownership members enjoy far superior holiday quality and services than what traditional package holidays have to offer. By making a once and for all payment for the Holiday Ownership right, one buys future holidays at today’s prices. Q: Is Holiday Ownership popular? A: Holiday Ownership is growing at a tremendous rate. Currently over 6,7 million households own Holiday Ownership worldwide and they enjoy holidays in thousands of resorts around the world. It is the fastest growing sector of international holiday business and it’s getting bigger every day at an extraordinary rate. Q: Are there any Laws protecting the Holiday Ownership owners? A: The industry is adopting increasingly stringent standards of self-regulation. Most countries have introduced laws covering Holiday Ownership and the implementation of the European legislation in all EU countries offers the potential Holiday Ownership buyer a high level of protection. Q: What do Holiday Ownership owners really own? A: When you own Holiday Ownership, you own future holidays. You do not, normally, own the property but the right of use for a specific number of years (say 30 years), or in perpetuity. Q: What is the Price of Holiday Ownership? A: Usually, the price of a Holiday Ownership week depends on six different factors:
A: Usually Holiday Ownership owners can freely resell their Holiday Ownership rights. The ownership can also be transferred to someone else, or bequeathed to family or friends. Q: What is the difference between Fixed Weeks and Flexible (Floating) Weeks? A: Fix Weeks are a set week of the year (1 to 52), which gives you the priority of using your Holiday Ownership every year during the same period. So if you own – say week number 20 – you will know every year the date you can use your holiday. This is more commonly known as a traditional Time share where it offers limited flexibility. Flexible (or Floating) Weeks are determined by the season you own (low, mid or high) and gives you the option of scheduling your yearly holidays both in your resort of ownership or make an “International Exchange” within the season period you own (low, mid or high). In the more advanced club system it also allows you to take up your week wherever the club has its resorts. Q: What are the factors of Holiday Ownership? A: There are three main elements involved in owning Holiday Ownership:
Q: What are the standards of the Accommodations? A: Most Holiday Ownership resorts offer a standard of accommodation that is far superior to that which is normally available on traditional package holidays. Access to premium quality accommodation is one of the most distinguishing factors of Holiday Ownership. Q: How is Holiday Ownership property managed and maintained? A: Usually a management company or agent is responsible for the day-to-day affairs of the resort, providing reception and members service, maintaining the properties and communal areas, replacing worn and damaged items, paying the utility bills, insurance and property taxes as well as the general security. Q: Are there any yearly fees to pay? A: The cost involved in running the resort and maintaining the properties are covered by a management fee paid by the Holiday Ownership owners of that specific resort(s). The management fees are billed annually to the Holiday Ownership owners in relation to their ownership. Q: What do the Exchange Companies offer? A: Holiday Ownership exchange offers a global network of villas and apartments, in some of the most beautiful and attractive places in the world. The exchange companies produce a brochure and directory giving comprehensive details of all the resorts to which exchanges are available. Q: What are the benefits of the Exchange possibilities? A: Being a member of a Holiday Ownership club affiliated to one of the exchange companies’, gains the member access to a world of exclusive holiday opportunities, not available to ordinary holidaymakers. Q: How does one make an Exchange? A: The basic concept involves you “banking” your Holiday Ownership – i.e. you register your week(s) into the exchange company’s database and thereafter you request an exchange to one of the resorts you choose from the directory of the exchange company. The exchange is dependent on a number of different factors; the season of the year owned, size of the unit owned and the popularity of the resort owned compared to the chosen destination. In case you own a floating week in a club system, you would have to contact the club as early as possible before you request an exchange. Ask the reservation department of the Club for a holiday time assignment and advise them that you want to deposit the time in the RCI deposit pool. Once your Club have confirmed the start date and unit number of your week you can call RCI to deposit your week and make your exchange request. Q: Who are the Exchange Companies? A: The exchange services offered by one of the most popular international exchange company: Resort Condominiums International (RCI) – http://www.rci.com RCI offers a wide range of holiday and travel related privileges as well as numerous discounts and a choice of membership from one to five years at reasonable prices. Q: Are the Holiday Ownership owners generally satisfied with their purchase? A: Independent studies show that over 80% of the Holiday Ownership owners are satisfied, or very satisfied with their purchases. So much so, that the research also reveals that most Holiday Ownership owners own more than one Holiday Ownership week. |
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