Are you planning your next vacation and wondering if the Holiday Inn Vacation Club is a timeshare? Let’s dive into this topic and clear up any confusion.
What is a timeshare?
A timeshare is a type of property ownership where multiple people own a share in a vacation property. Each owner has the right to use the property for a specific period, usually one or two weeks per year. Timeshares can be owned outright or purchased through points systems.
What is the Holiday Inn Vacation Club?
The Holiday Inn Vacation Club (HIVC) is a vacation ownership program offered by Holiday Inn. It allows members to own points, which can be redeemed for stays at any of their resorts worldwide. Members can also exchange their points for stays at other resorts through RCI, a global exchange network.
Is HIVC a timeshare?
While HIVC shares similarities with timeshares, it operates differently. HIVC uses a points-based system where members purchase points that can be redeemed for stays at any of their resorts or partner properties. This means that members have more flexibility in terms of where and when they stay, as they are not limited to specific weeks or properties.
Benefits of HIVC over traditional timeshares:
- Flexibility: Members can use their points whenever and wherever they want.
- Variety: Members have access to multiple resorts worldwide.
- Exchange options: Members can exchange their points for stays at partner properties through RCI.
- No maintenance fees: Unlike traditional timeshares, there are no annual maintenance fees with HIVC.
Conclusion
In summary, while HIVC shares similarities with timeshares, it operates on a points-based system that offers more flexibility and variety to its members. With no annual maintenance fees and exchange options through RCI, the Holiday Inn Vacation Club is a great option for those looking for a vacation ownership program.