The Effect of the Timeshare Industry on a Community

February 23, 2018 at 10:38 am

For most communities that are dependent on tourism, the timeshare industry brings significant benefits. Some people may consider timeshare as a scam, while others love it. Others may be indifferent about timeshare. With such varied reactions are natural, one cannot deny the positive impact the timeshare industry has on the local community where the timeshare operates.

timeshare industry

The effect of the timeshare industry on a community

The following benefits may surprise you as these go beyond those offered by traditional tourism forms like hotels and others. Here are some of the positive effects that timeshare offers on a community.

  1. Stable jobs: From sales staff to construction workers, timeshare generates several jobs for the community. The jobs are at various levels like executives, service staff, architects, and more.
  2. Repeat Tourism: Timeshare encourages repeat tourism in the community which results in a more stable economy. With this scenario, business providers and investors can easily predict the needs of the community in terms of services and infrastructure.
  3. Promotion of the Destination: The destination’s profile will increase amongst all kinds of visitors including those who are still curious about the timeshare industry. The positive feedback and promotions to friends and families raise other people’s awareness. Only when people feel that they belong can they have this kind of support.
  4. Tax Generation: Tax generation that extends to VAT as well as income tax on earnings is another great benefit that the timeshare offers to a destination. Those working in the industry and especially those who come into the place spend their money in the local economy. More taxes are generated and these are plowed back into the local economy. As a result, services and infrastructure improve.
  5. Extension of the Period of Stay: Timeshare owners usually chose to stay for longer periods of time in their chosen destinations.
  6. Higher Purchasing Power: Timeshare destination benefits from visitors with higher purchasing power. They spend more on local services, restaurants, and other items. The certain level of income that owners have is one of the requirements when they desire to become timeshare owners.
  7. No Competition Against Traditional Hotels: Hotels usually cater to visitors who do not necessarily visit more than once or twice. This means that people who return to a destination to stay at their timeshare are not the same individuals that hotels target. The two industries complement one another and not compete against each other.
  8. Local Community Involvement: Timeshares are not always all-inclusive. There are some who would choose an all-inclusive option but most visitors would rather spend money in local stores and dining places.
  9. Constant Occupancy: Timeshare helps provide a consistent level of occupancy, supporting other branches of the tourism industry like car rentals, restaurants, travel agencies, and other local trade.

There is no denying that timeshare provides a positive impact on its community.

 

Who really buys timeshare anyway?

March 16, 2015 at 8:59 am

This is a question I often get asked as a timeshare advisor and expert, with many people misunderstanding the benefits of timeshare. Most people just see timeshare and vacation clubs as some kind of scam or an inconvenience during their vacation when they get asked by promoters to attend presentations in return for a free breakfast or discounts on excursions. What most people don’t realize is that timeshare is still a great option if you take regular vacations, even more so if you are likely to return to the same place at least once every 2 or 3 years.

So who really buys timeshare these days?

There really isn’t a set profile for the kind of person who is best suited to timeshare, although a love of taking great quality vacations is a must. What unites most people for whom the timeshare and vacation club model really suits, is their love for taking regular vacations. People who buy timeshares today are looking for excellence every time they take a vacation, not willing to take the risk on trying out a new hotel every time they travel. When you purchase a timeshare with a reputable company, what you are guaranteeing is that each resort in the chain is of a similar quality to your home resort.

Benefits of Timeshare and Vacation Clubs

The true benefits of timeshare and vacation clubs will depend on the specific timeshare contract that you have signed, but in general the benefits of timeshare and vacation clubs is that you are getting better value for money on your vacation accommodation. The price that you pay for the equivalent of a week or two at a timeshare resort is set at today’s prices, so your future travels will benefit from this and in effect save you money the long run.

Moreover, for most timeshare enthusiasts, it is the quality of the accommodations and resorts that your timeshare membership gives you regular access to that is the most important factor. On many occasions, you get to stay in a more luxurious resort than you would otherwise be able to afford, and what is more, you are a members and are treated with additional privileges.

Finally, one of the key attractions to timeshare, and the reason why it is not going to go out of fashion anytime soon, is that we all like to feel that we belong. Owning our own slice of paradise in some of the most beautiful places in the world, makes working hard year round all the more worth it. Providing a second home for our families in the sun (or in the snow!) is a gift that we shouldn’t deny ourselves.

Vacation Rentals Concierge