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Products
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Get
to know Timeshare
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Definition
and analogy of timeshare
Timeshare
is a unique type of holiday ownership in which members have the rights to use a holiday accommodation unit for a certain
period every year. I like to give people the example of golf. People like to
play golf, not many of them will buy their own land, create their on course,
landscape and everything else. What they do instead, is just buy a golf
membership in a club.
So people who like to go on holidays and can’t afford to have
their own places all over the world have the options of buying a packaged
tour, pay for everything on their own which will cost a
lot of money or buy a timeshare
membership where your accommodation is paid for the next 30
or 50 years.
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History
of Timeshare The
concept started in the French Alps in the early 1960s. The world
economic recession around that time had affected a small group of
businessmen who owned home resorts in other parts of the world.
Two
families in particular thought it was a good idea to exchange
their homes which were located in the Teneriff Island to the west
of the United States and another one in the Alps. |
It
was actually Chrystal de Haan who brought the concept of
timesharing to another level. She went around and looked for
hotels and apartments which were not selling or abandoned and
started an accommodation exchange business. |
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| Timeshare
Concept
The concept is basically that 51 members have
the right to use a unit of property for one week every year while
an additional week is used for upholstery. This is because there
are only 52 weeks in a year.
Exchange Services
Leisure
Holidays' timeshare members can choose to enjoy their vacations in
the company’s 10 resorts or exchange their rights through the
US-based Resort Condominiums International (RCI) with other
affiliated timeshare holder worldwide. It’s like holding the key
to over 3,700 resorts all over the world.
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As
published in the Travel Times, New Straits Times on 19 July 2002 based
on column contributed by Emmeline Yong, former Managing Director of Leisure
Holidays Berhad |
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