Are you planning to join the Holiday Inn Vacation Club but wondering how much it will cost? Well, you have come to the right place. In this article, we will give you a breakdown of the costs associated with joining the Holiday Inn Vacation Club.
What is Holiday Inn Vacation Club?
Before we dive into the costs, let’s briefly discuss what Holiday Inn Vacation Club is all about. It is a timeshare program that allows members to enjoy vacations in some of the most popular destinations worldwide. Members can choose from various resorts and enjoy exclusive benefits such as priority booking, discounts on accommodations, and more.
Upfront Costs
To become a member of the Holiday Inn Vacation Club, you will need to pay an upfront cost known as the purchase price. The purchase price varies depending on factors such as the size of the unit and location of the resort.
The average purchase price for a one-week stay at a Holiday Inn Vacation Club resort ranges from $15,000 to $40,000. However, this price can be higher or lower depending on various factors.
Financing Options
For those who cannot afford to pay the upfront cost in full, financing options are available. The financing terms vary depending on your creditworthiness, but typically range from 10-20% down payment with repayment terms ranging from 5-10 years.
Ongoing Costs
Apart from the upfront cost, there are ongoing costs associated with being a member of the Holiday Inn Vacation Club. These include:
- Annual Dues: This is an annual maintenance fee that covers expenses such as property taxes, utilities, and repairs. The amount varies depending on your membership level and ranges between $600-$1,200 per year.
- Exchange Fees: If you wish to exchange your week for a different resort, you will need to pay an exchange fee. The fee depends on various factors such as the destination and the time of year.
- Travel Expenses: You will need to cover your travel expenses, including airfare, car rental, and other transportation costs.
Is it Worth the Cost?
The answer to this question depends on your vacation preferences and budget. If you enjoy taking regular vacations and prefer staying in high-quality resorts, then the Holiday Inn Vacation Club may be worth the cost.
However, if you only take vacations occasionally or prefer staying in budget-friendly accommodations, then it may not be the best option for you.
The Bottom Line
Joining the Holiday Inn Vacation Club comes with upfront and ongoing costs. The upfront cost ranges from $15,000 to $40,000, while ongoing costs include annual dues, exchange fees, and travel expenses.
Whether or not it is worth it depends on your vacation preferences and budget. We hope that this article has given you a better understanding of how much it costs to join the Holiday Inn Vacation Club.