When you buy a timeshare, you’re buying into a vacation experience. Whether your vacation company has destination properties throughout the country or world, you’ll get to experience new places every year. With travel restrictions during the coronavirus pandemic and economic uncertainty, some owners may be having second thoughts about their vacation investments. But that doesn’t mean your timeshare is a bad idea. In fact, a timeshare can help make traveling easier, better and more affordable for families with kids and multiple generations.
Hotel rooms are often cramped and don’t offer much room to spread out or do activities with your family. Timeshares, on the other hand, provide home-like accommodations with resort amenities and kid and adult-oriented activities onsite. It’s a great way to spend quality time with your loved ones and create memories that will last a lifetime.
Timeshare companies tend to borrow money from the public in the form of stock options. This can affect their financial stability, especially when interest rates are high. However, when you own a timeshare, you’re purchasing a product with a fixed price that’s not subject to inflation and other economic factors. That’s why, despite current turmoil in the stock market, Marriott Vacations CEO and president Mark Fleming is confident timeshare ownership remains a smart investment.
While some timeshares have a fixed week at a specific location, others have floating weeks that let you choose from a pool of available units in the same season each year. This gives you more flexibility with your time and makes planning your vacation easy and seamless. Plus, you don’t have to worry about finding the best hotel deal—your timeshare already has that taken care of!
A timeshare also allows you to access a network of hotels and resorts through vacation exchange programs. For example, RCI and Interval International have thousands of resorts around the globe that you can visit if you’re a member of their respective timeshare systems. This gives you a huge range of vacation opportunities, which is a big perk in today’s economy.
Another perk of a timeshare is the opportunity to invite friends and family to join you on your vacation. Having guests stay with you can add to the fun and excitement of your trip. It can even lead to new and exciting adventures that you wouldn’t have had without the addition of your friends and family.
Having a friend or family member join you on your vacation can also help you save money by splitting the cost of meals, drinks and entertainment. And if your timeshare has an on-site restaurant, it’s an even more affordable option. That way, you can enjoy a delicious meal with your favorite people at prices that won’t break the bank.