Resorts, Vacation Clubs and Exchange Companies

Timeshare Resorts, Clubs and Exchanges

Timeshare also known as “Vacation Ownership” originated in the French Alps in the 1960s. It is the process by which owners purchase a week of time at a particular resort for a particular period.

In most older timeshare systems, once a person buys into the timeshare they were given a deed to a specific property, unit and week. Now it’s all about points (the Deeds are sham’-like) that entitles members to a certain number of points/credits/time-intervals that can be (theoretically) used for through a booking company each year. This timeshare system system is basically a services contract. This entitles the purchaser to points use (often restricted and subject to availability), but ownership of the actual property is not included and even the points services may be lost if the controlling company goes out of business. The system also includes a trading and/or banking feature, with some costs and restrictions. This can be used to trade points/credits/time-intervals to be used elsewhere or banked for future use. There can be differences with each timeshare system, so always pay close attention to the contract and be sure to read all the terms of service before signing.

Below is a list of the major timeshare resort developers, travel clubs, and exchange point companies. Click on each timeshare company to see a detailed report about them and the associated BBB and consumer complaint boards… and relevant Consumer Alerts and Advisories from Consumer Protection Attorneys.