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.”
A family getaway is the perfect chance to unwind and reconnect with loved ones away from the distractions of daily life. However, peak travel times like Memorial Day and Fourth of July weekend are some of the busiest times of the year, which can mean limited options. Booking travel early not only gives you more time to get excited leading up to your trip — it gives you more time to plan, helping take some of the stress out of family vacation. Learn how to plan your getaway today by reading the full Medium article here.
A good vacation allows you to recharge your mental, physical and emotional batteries. It also gives you the opportunity to see places you’ve only dreamed of and to taste memorable local cuisines. The last thing you want to do is run into problems that threaten to ruin your good time. While there are plenty of issues that can turn even the best vacation into a nightmare, here are three of the most common ones.
Few things feel as exhilarating as traveling out on the open road with the wind blowing in your hair and miles of countryside in full view. That’s one of the reasons why people love road trips so much. There’s a unique freedom to them that doesn’t come with other kinds of travel.
However, there’s a drawback to taking a car on vacation when you run the risk of getting stranded due to mechanical problems. Common auto maintenance issues that could disrupt your vacation include: bald or blown-out tires, cracked windshields and brake problems. To eliminate these issues before they sideline your trip, bring your car in for a checkup with a reputable mechanic before you embark on your journey. Have the brakes, oil, tires and other systems checked. Make sure your car gets a clean bill of health before you head out on the open road.
Too Much Sun
If you haven’t seen the sun in months, it’s tempting to spend as much of your vacation time soaking up the rays as you possibly can. However, a bad sunburn can ruin a good vacation. Avoid overdoing sun exposure by staying out of the sun from about 10:00 a.m. to 2:00 p.m. That’s when the sunlight is the strongest and UV rays pose the most danger. Be sure to slather on plenty of sunscreen to protect yourself from the dangerous rays.
Going Over Budget
Even on budget vacations, your money habits can get the better of you, and nothing ruins a vacation quite like running out of money while you’re hundreds of miles from home. When you’re planning your trip, you need to create a realistic budget that you can stick to. That means you know how much you can spend on meals, campgrounds, transportation, etc. It’s better to be pleasantly surprised when you have money left over at the end than to run out before your trip is done. No one likes to think of all the things that can go wrong when they’re on vacation, but not planning for challenges can backfire. It's best to do what you can to avoid problems ahead of time. Taking steps to have your car serviced, packing extra sunscreen and creating a proper budget are just a few of the ways you can ensure you enjoy your trip.
Also, check out our fitness tips to help you get that body vacation ready!
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