You can find resorts almost as cheap on the Internet, but I think the service is worth the commitment. We could do this same exercise with other vacation methods and I believe the vacation club comes out ahead in every circumstance (save the housing swap, the staying with friends/family, or couchsurfing). If you're someone who bought a $25,000+ timeshare.you're either very well off or don't understand money. For nearly the same price I get double the vacation. Annual cost for one week will have been $1070 naturally the $70 is more worthwhile when owning more than one week, but otherwise costs are linear for more than one week of vacation. There may be other fees as well, but we'll assume none for this calculation. RCI charges $70 (when purchased in 5 year increments), and $200 when you want to book a vacation. "Maintenance Fees" will run from $250-$700+ annually (let's assume $400 for our valuation).
A decent timeshare (even on E-bay) goes for $4k-$6k, sometimes it seems that you can less expensive ones, but also I understand they trade for less value? Let's average $5k for a decent 1 week of standard value. Each resort has all the amenities of a timeshare resort (full kitchen, bathrooms usually including hot tub, resort amenities, etc.) but with less cost. The good: I've found this is the least expensive way to travel timeshare-like resorts. Annualizing the purchase cost (I figure money is worth about 10%) I figure that my annual cost will have been under $1200 for two 7-day, 2Br resort vacations. I could add a third vacation if I had booked all 1 BR's instead, of course this would cost an additional booking fee ($96). 6 stars, $200 booking fees, and $$389 annual maintenance fees will buy me 2 peak week vacations, each in a 2BR resort. Each week of travel is $96 regardless of upgrades (off peak weeks are 1 star, peak weeks add star, add a bedroom add a star). Yearly maintenance fees are a bit under $400 (increases promised to be limited). I originally paid $6k for the club (giving me 6 "stars"). If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.The truth as I know it from a business/finance/business-systems guy:īackground: I've been a Global Discovery member for 5-6 years now. BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate.
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