Are there benefits to buying a timeshare in this day and age?
(BPT) - Once upon a time, if you said you owned a timeshare, you might get a side eye from a well-meaning friend who was concerned you caved to a hard sell for a vacation option. But times have changed, and a quiet revolution in the industry now shows that timeshares can be a savvy vacation strategy.
According to Consumer Reports, timeshare is an increasingly attractive travel option that has evolved since its start in the 1970s.
But do people buy timeshares anymore? According to the American Resort Development Association (ARDA), the short answer is yes. Approximately 7.1% of U.S. households, or 9.6 million families, own one or more types of vacation ownership products.
If current trends continue, young families could soon lead the way in the world of vacation ownership. In fact, despite stereotypical images of timeshare owners as empty nesters headed to the same destination to stay in the same unit every year, owners are trending younger. The average age is 44, thanks in large part to the evolving flexibility of timeshares and growing lists of destinations to visit.
For Kassi and Keith Parker, who bought a timeshare in their late 20s, the decision was a no-brainer.
“When we first sat down with the sales rep, we felt a bit guilty for wasting his time,” explained Kassi, who, along with her husband, invested in vacation ownership with Hilton Grand Vacations. “But not long into our conversation, it dawned on us that we could spend less on travel and continue to explore the world with all of HGV’s properties and experiences. And still being south of 30, we saw so many amazing trips in our future at such a better price.”
Hilton Grand Vacations is one of a handful of timeshare companies affiliated with well-known, reputable hotel brands.
“We’re Hilton Honors members and when I travel for work, I always want to stay with Hilton, because I appreciate the consistency of the brand. Nevertheless, we went into the sales presentation as complete skeptics,” explained Kassi. “Having the Hilton name behind the company gave me real peace of mind. I might not have taken the leap otherwise. We know exactly what we get with their hotels and knew it would be the same with the vacation properties.”
Kassi isn’t alone. According to the State of Shared Vacation Ownership Industry study from ARDA, a timeshare company’s credibility is just one consideration consumers have when deciding to buy a timeshare.
Other reasons listed include:
“We found that we traveled too much to not invest in vacation ownership. We know we’re going to travel for the rest of our lives, and the fact that we can travel on a budget is one of the top reasons why we love vacation ownership,” explained Kassi. “It makes us actively think about travel and ensures we take time off to travel. Even if our year is crazy busy, we’re still going to take advantage of our vacation — even if we need to do a staycation at our home resort in Orlando. We know that we will be owners for life and the flexibility of Hilton Grand Vacations was a big decider for us.”
According to the ARDA study, timeshare owners travel better and more often:
“We know we are younger than the traditional timeshare owner, but this doesn’t feel like a traditional timeshare — or at least the stereotype of what people think timeshare is,” said Kassi. “When we think about the value we get back from our investment, we think about it in terms of the time we spend together, the memories we make, and the investment we make to each other and our relationship. It’s our vacation plan.”
Whether it’s a permanent way of life or a practical way to satisfy your wanderlust, you may be surprised by how easily an RV provides the perfect solution for your lifestyle. Sleek new models and high-tech innovations are attracting younger and more diverse people to the RV lifestyle. Consider these tips if you’re thinking about giving an RV lifestyle a try.
Pro Tips for Living an RV Lifestyle
(Family Features) Recreation vehicles, or RVs, are increasingly popular. Sleek new models and high-tech innovations are attracting younger and more diverse people to the RV lifestyle.
Whether it’s a permanent way of life or a practical way to satisfy your wanderlust, you may be surprised by how easily an RV provides the perfect solution for your lifestyle. It’s something automotive expert and TV host Rutledge Wood has enjoyed for years.
“So much of my life has been on the road that it was natural for me to fall in love with the RV lifestyle,” Wood said. “Whether it’s covering NASCAR or traveling with my family, I can’t think of a better way to enjoy life on the road than in an RV.”
Consider these tips from Wood if you’re thinking about giving an RV lifestyle a try:
Start with a rental. Owning an RV offers an affordable alternative to traditional vacations, and renting can let you try before you buy. Renting an RV allows you to do a practical, hands-on test drive to learn more about the features and characteristics you need. You might find you need more or less space than you originally imagined, or you may discover a motorhome suits your family better than the towable styles. Renting lets you experiment so you can be confident you’re getting the RV that’s right for you when you decide to buy.
Check out the latest innovations and models. At the first-ever RVX: The RV Experience show, RV manufacturers unveiled an array of new models, concept vehicles and prototypes that will transform the future of RVing. Cutting-edge features and technologies, including advances in safety and livability, may appeal to all types of RV users from families to tailgaters to luxury travelers. Learn more about new RV models and innovations at RVX.org.
Make your RV a home away from home. If you keep your RV stocked with basic supplies, nonperishable foods, linens and clothes, you’ll be ready to go nearly anytime, anywhere. From items like toiletries to accessories for your favorite activities, an RV lets you keep the essentials on board at all times so when the open road calls, you’re ready to answer.
Talk with other owners. Visit a local RV campground and you’ll most likely find a friendly community willing to share information and advice. Ask what you should know about owning an RV and seek out answers to questions you may have about features, care and ownership. Find out what lessons owners learned the hard way and what pleasant surprises they’ve discovered. You can also find RV owner forums and groups online to learn more about RV ownership, such as the Go RVing Facebook page.
Create a bucket list. The RV lifestyle offers nearly unparalleled freedom and flexibility. The options for places you can go, and the things you can see and do, are virtually endless. Start a list of all the destinations you’d like to conquer and experiences you’d like to collect then start mapping out how to make each journey a reality.
Learn more about how to begin your RV adventure at GoRVing.com.
Photo caption (man): Rutledge WoodSOURCE:
No matter where you go in the world, there’s one thing that’s the same: People are more and more going cash-free.
(BPT) - What’s your dream vacation?
Whether you live to travel or only manage to get away for a couple of long weekends every year, you probably have a bucket list of places to go and sites to see.
Sometimes it feels like there might be too many options.
For some people, it’s adventure travel in Basque Country, exploring the caves of Urkiola, paddle boarding around the Urdaibai Estuary and indulging in world-renowned cuisine; for others, it's a relaxing vacation in Thailand, including a meditation course, spa day and island hopping through the Phi Phi Islands. Either trip would rejuvenate travelers, yet they are quite different from one another. But no matter where you go in the world, there’s one thing that’s the same: People are going cash-free.
Going cash-free saves money
Part of traveling to a foreign country is exchanging money. With new coins and bills in your pocket, you can spend freely, buy souvenirs, meals, whatever you like.
Research shows that 87 percent of travelers have leftover cash after their trips, so most of us have experienced the mad dash to spend your foreign cash before you board your flight home.
But that doesn’t always happen.
Only 29 percent of travelers convert their foreign cash back to U.S. dollars. On average, this leaves $123 on the table.
That’s a costly souvenir.
Not to mention that getting foreign currency before your trip is just one more thing to do in the pre-planning process. And while 72 percent of respondents in the study said they get cash, many of them also admitted that, with the ease of traveling without cash, it was a waste of time. Skip the cash to save time and money by using your Visa credit card internationally. Plus, you can use your Visa card to pay in local currency, you are ensuring you get a competitive exchange rate and aren't stuck with hidden currency conversion fees.
Peace of mind
Even if you’re diligent and always exchange your cash at the end of every trip, one of the biggest perks to traveling without cash is security.
Virtually every traveler worries about leaving their money in the hotel room or losing it in some way or another. There’s no easy way around it: Traveling with cash is stressful, and can impact an otherwise great trip.
Why go through the hassle? Accepted nearly everywhere in the world, travelers can use Visa to make purchases with confidence anytime, virtually anywhere in the world. Unlike cash, your Visa card can be replaced if lost or stolen to provide greater freedom for people to enjoy their travel experiences.
Explore the world differently
For travel enthusiasts looking to explore the world cash-free, The Visa Cashless Challenge: International Travel Edition Search will send one lucky winner on a cash-free adventure across the globe. Visa has partnered with Arden Cho (@arden_cho) and brothers Alex and Marko Ayling (@TheVagaBrothers) to create two unique trips that will show the winner what it’s like to travel the world cash free.
The winner of the challenge will choose between a relaxing trip to Thailand or an adventurous journey through Spain’s Basque Country. The winner will have the opportunity to decide between destinations, but once they do, will experience firsthand the ease of traveling cashless in the 21st century, and receive pro-tips on how best to document their journey along the way.
For more information visit: www.visa.com/cashlesstravel
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