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Timeshare.  What exactly is it?
Timeshare. What exactly is it?

Press release -

What is timeshare?

Original timeshare

'Timeshare' refers to a form of holiday ownership. Once acquired by a consumer, they own the right, (either directly or through a club) to use a week/weeks in a holiday resort in accordance with the contractual period which will range from an amount of years to 'in perpetuity' (forever.)

According to the Reform Timeshare site, there are over 9.2 million who own timeshare worldwide – some of whom are genuinely satisfied with their memberships.

What’s in a name?

Over the years the word 'timeshare' has become associated with negative experiences, including high pressure sales, illegal contracts, disingenuous marketing practices and unchecked maintenance fee hikes.

To avoid that bad image, timeshare sellers often avoid using the word itself and employ other descriptors like holiday club, fractional ownership, destination club, vacation ownership or holiday ownership.  

Accommodation

Accommodation ranges from studios, through to large apartments and villas and are generally of a high standard. Timeshare can also include boats, barges, motorhomes and cruises.

Timeshare competes with the holiday rental industry and in particular, the self-catering and package divisions. 

Timeshare comes in two basic forms:

Fixed time. 

Where the rights are owned to a contractually specified week, usually in a specific unit, which the user can either return to every year or swap through the exchange system for something similar in another part of the world and in another time period.

Floating time (which includes point clubs). 

Instead of owning a specified week, the user owns a week within a seasonal band of time. Each year they have to book the specific week they want, but this is 'subject to availability.'

Provided the consumer continues to pay the contracted fees on time they are entitled to a holiday every year.

Exchange

Timeshare owners can access an exchange system which provides a choice of over 4000 resorts in popular destinations worldwide.  The promise is that the other resort chosen is of a similar standard to that which the timeshare owner owns.  Exchanges are based on availability and the most popular resorts are notoriously tough to get into

When a person acquires timeshare, generally a one off payment is made to the seller of the timeshare and each consecutive year of ownership, the consumer pays fees which discharges the day to day liabilities for the accommodation i.e. to be kept clean, in good order, local taxes paid etc. 

These fees are payable whether or not, the consumer makes use of their ownership rights.

Committee

Sometimes resorts are administered by the owners through a club, consisting of a committee. This gives the owners  the opportunity to maintain the resort in accordance with their collective wishes.

Negative sides to timeshare

Timeshare owners' main complaints are about:

TCA

The Timeshare Consumer Association (TCA) website upholds the principles of its founder Sandy Grey. The TCA offers help and guidance regarding timeshare companies, memberships and related businesses.

Please contact our team for free, expert, independent advice on any timeshare related issue

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Timeshare Consumer Association.  Contact us on: T: +44 2036704588 or +44 2035193808 (ask for Daniel), E: enquiries@timeshareadvice.org (Address to Daniel).  

WhatsApp (message only) +447586871055

TCA provides a central resource of consumer information on timeshare matters for the media and other organisations – We work towards encouraging responsible, honest, timeshare operators.  We also publicly expose negative consumer practices and organisations which operate in a manner detrimental to timeshare buyers and owners.

An important part of our mission is to lobby UK and European Governments and regulatory bodies for improved consumer protection in the timeshare environment and collect information on frauds and mis-selling, for action by enforcement authorities.

We are staffed by former and current timeshare owners, as well as former timeshare industry staff.  We know our way around the timeshare business

We are a proud member of the UK Small Charities Coalition  

Press contacts

Daniel Keating

Press contact Help desk head

Related content

Free, expert, impartial timeshare advice since 1997

Timeshare Consumer Association. Contact us on: T: 01908881058 (ask for Daniel), E: enquiries@timeshareadvice.org (Address to Daniel).
WhatsApp (message only) +447586871055

The Timeshare Consumer Association (TCA) was started in 1997 by Sandy Grey, a timeshare owner himself, who became sick of what he saw as repugnant sales practises in the timeshare industry.
Sandy ran the website diligently from his home in Blythe, gaining a reputation for integrity and fearlessness at a time when some timeshare companies skirted with criminal behaviour and employed unsavoury characters.
Sandy was gradually joined by other volunteers, disaffected owners and even former timeshare sales staff, sick of the “dishonesty” in the industry as a whole.
Over the years, Sandy and his band of volunteers built up a huge volume of consumer testimony and knowledge. TCA became the number one source of impartial, expert advice regarding the latest scams as well as organisations that actually can be trusted.
Sandy sadly passed away in 2013, but he had started a movement that could not be stopped. Consumers continuously contact us to both ask for and give advice, sharing their experiences to help others stay ahead of the industry scams and pitfalls.
The information is moderated, assessed and categorised under the watchful eye of director Keith Dewhurst. With Keith at the helm, TCA has become the number one timeshare consumer organisation in the world.
Whilst there are paid employees, the TCA operates on a shoestring budget, relying on volunteers and donations, though these are never accepted from sources that could compromise the organisation´s integrity.
With your help, we will continue to hold the timeshare industry to account.
While there is timeshare we need the Timeshare Consumer Association watching.

Timeshare Consumer Association provides a central resource of consumer information on timeshare matters for both the media and the public. – We work towards encouraging responsible, honest, timeshare operators. We also publicly expose negative consumer practices and organisations which operate in a manner detrimental to timeshare buyers and owners.

An important part of our mission is to lobby UK and European Governments and regulatory bodies for improved consumer protection in the timeshare environment and collect information on frauds and mis-selling, for action by enforcement authorities.

We are staffed by former and current timeshare owners, as well as former timeshare industry staff. We know our way around the timeshare business.

A proud member of the UK Small Charities Coalition

Timeshare Consumer Association
Artemis House, 4a Bramley Road, Mount Farm
MK1 1PT Milton Keynes
Milton Keynes