Comparing The Top Timeshare Companies
Choosing the right timeshare can significantly impact your vacation experiences and financial planning. This guide provides a detailed review and comparison of various timeshare properties and companies, helping both current owners and potential buyers make informed decisions.
Factors to Consider When Comparing Timeshares
Location and Accessibility
The location of a timeshare affects not only the enjoyment of your stay but also the potential for future exchanges. Consider factors like proximity to major attractions, ease of access, and the natural environment.
Types of Timeshares
Understand the differences between fixed-week, floating-week, and points-based timeshares. Each type offers varying degrees of flexibility and convenience, depending on your vacation preferences.
Amenities and Services
Evaluate the amenities offered, such as pools, fitness centers, on-site dining, and entertainment options. Services like housekeeping, concierge, and on-site management can also enhance your stay.
A Quick Review of Top Timeshare Companies
Marriott Vacation Club
Pros: Known for high-quality resorts, excellent customer service, and good exchange options through Interval International.
Cons: Higher initial purchase and maintenance costs.
Hilton Grand Vacations
Pros: Offers a flexible points system and luxurious properties in prime locations.
Cons: Points system can be complex; high annual fees.
Wyndham Vacation Ownership (now Travel + Leisure Co.)
Pros: Large selection of properties and a user-friendly points system that offers significant flexibility.
Cons: Some owners report high-pressure sales tactics and escalating maintenance fees.
Comparing Timeshare Resales
Hyatt Vacation Club
Pros: Offers boutique-style luxury resorts with high-end amenities. Known for personalized service and smaller, more intimate properties.
Cons: Limited number of properties compared to other larger networks, which can limit exchange options.
Bluegreen Vacations
Pros: Wide variety of locations and experiences tailored to outdoor and family activities.
Cons: Recent acquisition by Hilton Grand Vacations may lead to changes in membership benefits and policies.
Note: Now part of Hilton Grand Vacations, with potential rebranding and integration into Hilton's broader offerings.
Diamond Resorts
Pros: Initially known for a diverse array of destinations and strong entertainment options.
Cons: Also acquired by Hilton Grand Vacations; is being rebranded into Hilton Vacation Club, which positions these properties in a lower tier relative to original Hilton offerings.
Note: This rebranding could affect the perceived value and available amenities for existing Diamond Resorts customers.
Westin Vacation Club
Pros: Part of the Marriott family, known for wellness-focused amenities and luxurious accommodations.
Cons: Similar to Marriott, higher costs and potential for limited availability.
Shell Vacations Club
Pros: Offers a points-based system with a variety of U.S. destinations, particularly in Hawaii. Flexible exchange options within its network.
Cons: Some complaints about the points system being hard to navigate and book desired vacation times.
Holiday Inn Vacation Club
Pros: Accessible points system and family-friendly resorts. Part of the IHG brand, which ensures a standard of quality and service.
Cons: Some locations are less luxurious than competitors, which might be a downside for those looking for upscale vacation experiences.
Westgate Resorts
Pros: Offers a range of destination options and spacious accommodations. Known for providing a variety of onsite activities and amenities.
Cons: Reports of aggressive sales tactics and issues with timeshare exit difficulties.
Ritz-Carlton Club
Pros: Represents the pinnacle of luxury in timeshare vacations, with impeccable service and exclusive locations.
Cons: Extremely high cost, both in initial investment and annual fees. Exclusivity means fewer options for timeshare exchange.
Market Value and Resale Opportunities
Timeshares typically depreciate in value, so consider the resale market as part of your decision. Some brands have better resale values due to higher demand.
Cost Comparisons
Resale timeshares can be much cheaper than buying directly from the developer. Compare costs from resale websites to find the best deals.
Timeshare Exchange Program Reviews
RCI
Pros: Offers a vast network of resorts worldwide; flexible exchange options.
Cons: Annual membership required, plus exchange fees. Consistent availability issues plague the exchange options.
Interval International
Pros: High-quality resort network (Marriott, DVC, Hyatt and more!); good customer service and additional travel benefits like Leisure Time Passport a traveler facing membership (timeshare ownership not required).
Cons: Membership and exchange fees can add up, as with any exchange company, availability can be an issue.
Conclusion
When choosing a timeshare, it’s important to consider a range of factors including location, type, amenities, and the reputation of the company. Comparing these elements alongside user reviews and resale opportunities can provide a comprehensive view that helps you make the best decision for your vacation needs and financial considerations. Always take your time, conduct thorough research, and consider all aspects of timeshare ownership to ensure your investment brings joy and relaxation year after year.
