The difference between timeshares and vacation clubs

First off, it’s important to note that regardless of the differences between traditional timeshare and vacation clubs, both offer terrific holidays at top-notch resorts in the most popular destinations around the country.

To put it simply, a number of people share ownership of a holiday which translates to shared benefits and costs – making it possible to have the holidays that might not ordinarily have been affordable to you.

The key difference is flexibility. For families who have fallen in love with a certain popular destination and are happy to return year after year, a timeshare can be a cost-effective solution to the annual booking rush. For those who enjoy experiencing new places when they spend time away from home, a holiday club is probably the better option.

Traditional timeshare

This form of ownership goes back to the foundation of the industry where you jointly owned a holiday property and enjoyed the stability of knowing exactly when and where you would be holidaying each year. Traditional timeshare properties typically sell a set week (or weeks) in a property. Purchasing this form of timeshare means buying a period of time at a unit or apartment which entails paying the cost of the timeshare plus the annual maintenance fees to ensure the upkeep of the property. Over time, this model evolved to offer more flexibility in the form of floating or flexi week ownership to allow the buyer to choose a week or weeks without a set date, but within a certain time period or season.

Vacation clubs

Vacation club members purchase points that they use later to buy holiday time at resorts included within the club’s scheme. High-season holidays and in-demand resorts cost more points than off-season, less popular places, and they’re booked up earlier. However, vacation clubs (or holiday clubs) provide more choice than traditional timeshare. As well as offering a range of destinations, a holiday club might suit a growing family for which the number of bedrooms required is going to increase over the years or a couple with older children who are about the fly the nest. Like timeshares, holiday clubs also charge annual maintenance fees to ensure the upkeep of its properties.

Timeshare exchange companies

Timeshare owners deposit the week they own and the exchange company compares its value with other deposited timeshares. The value of timeshares is calculated according to the resorts and holiday periods. The company then offers equivalent timeshares for a straight swap. Timeshare exchange companies charge a fee for membership.

Remember

Whether you choose traditional timeshare or decide to go with a holiday club, both will provide you with the comfort of knowing just what you’ll get each year – quality “home-away-from home” accommodation. It’s also important to remember that the inherent value of any timeshare product comes in using them to take regular holidays. If you need a more in-depth explanation on how the different timeshare products work – VOASA is here to assist.  You can either visit our website https://voasa.co.za/#vacation-products or email your questions to voasa@voasa.co.za