Do you want to have a private oasis on your next upcoming vacation?
If so, timeshare rentals should be at the top of your mind!
You’re not the only person with the bright idea of renting a timeshare this year. According to the ARDA International Foundation, timeshare sales rose from $4.9 billion to $8.1 billion in only 12 months.
You can learn about the benefits of planning a vacation in a timeshare. All you need to do is keep reading this article!
What Is a Timeshare Vacation Property?
A timeshare is a property owned by multiple tenants. Throughout the year, each proprietor will have a period in which they can use the home. The costs and fees get divided between each owner.
There are many styles of timeshare rentals, so each one differs in how they’re operated. As of 2022, there are currently around 1,500 timeshare resorts in the U.S.
Types and Sub-Styles of Timeshares
There are countless types of timeshares available. However, each one falls into either the deeded or non-deeded category.
A deeded timeshare means that whoever purchases the property owns a certain amount. That could be a specific villa for four weeks a year.
A non-deeded timeshare is the opposite. Anyone who enters the non-deeded agreement doesn’t own any part of the vacation home. Effectively, they are renting a property for a period during the year.
Fixed-Week Timeshare Rentals
A fixed-week timeshare rental is the traditional timeshare style. It’s what most people associate with a timeshare today.
If you purchase a fixed week, you can visit your vacation home for a specific week or two every year. That might be owning the right to stay at the property for Week 22 of the year. That time never changes.
Floating Timeshare Rentals
Floating timeshares are similar to a fixed week. But the key difference is you don’t have a week reserved.
You can book your villa or resort within a specific timeframe annually. For example, you could book any week during the fall.
On the plus side, a floating timeshare does give more flexibility. On the downside, you must book well in advance or someone else can snap up your intended week.
Rotating Timeshare Rentals
Rotating timeshares are arguably the least popular rentals. Nonetheless, they can offer great value if the conditions suit you.
They work by rotating your visiting week each year.
In the first year, you might get Week 10. The following year could be Week 25, and the year after could be Week 45. And then, finally, it rotates back to Week 10.
Points-Based Timeshare Rentals
Points-based is one of the most popular and fastest-growing types of timeshares today. So you’re spoiled for choice when searching the Hilton resale listings.
Many hotels and resorts offer this style of vacation rental.
It works by someone purchasing points rather than a house or villa. You can then use these points to stay at any hotel or resort within the brand.
It’s perfect for anyone who likes to travel to a different destination every year.
Choose Timeshare Rentals That Best Suit You
Timeshare rentals are a fantastic opportunity. However, not every type and style will suit your demands.
After reading this article, you know what a timeshare is and how they operate. So now it’s time to decide which one caters to all your needs and start planning a trip to your private oasis.
If you want travel tips or inspirations for your future vacations, keep reading our blog!