Are you considering purchasing a vacation ownership with Margaritaville Vacation Club, but wondering if it’s a timeshare? The short answer is yes, it is a type of timeshare.
However, there are some key differences that set it apart from traditional timeshare ownership. Let’s take a closer look at what Margaritaville Vacation Club has to offer.
What is a timeshare?
First, let’s define what a timeshare is. A timeshare is a form of vacation ownership where multiple individuals own the right to use a property for a certain period of time each year.
Typically, timeshares are sold in one-week intervals and can be used either by the owner or exchanged for another resort through a third-party exchange company.
How does Margaritaville Vacation Club work?
Margaritaville Vacation Club operates similarly to traditional timeshares in that owners have the right to use their purchased unit for a specific period of time each year. However, unlike traditional timeshares, Margaritaville offers more flexibility in how owners can use their vacation ownership.
Points-based system
Margaritaville Vacation Club uses a points-based system that allows owners to customize their vacations based on their preferences. Owners can use their points to book stays at any of the Margaritaville resorts or exchange their points for stays at other resorts through Interval International.
No fixed weeks or units
Unlike traditional timeshares where owners purchase the rights to use a specific unit during a set week each year, Margaritaville Vacation Club does not have fixed weeks or units. Instead, owners can choose from available options when booking their vacation.
Additional perks
Margaritaville Vacation Club also offers additional perks to its owners, such as access to special events and discounts on food, drinks, and merchandise at Margaritaville resorts. Owners can also earn bonus points for referring friends and family to join the club.
Is Margaritaville Vacation Club right for you?
Ultimately, whether or not Margaritaville Vacation Club is right for you depends on your individual vacation preferences. If you value flexibility and customization in your vacations, then the points-based system and lack of fixed weeks may appeal to you.
However, if you prefer the consistency of a fixed week and unit each year, then a traditional timeshare may be a better fit.
- Pros: Flexibility in vacation options, additional perks
- Cons: Lack of fixed weeks or units may not appeal to everyone
The bottom line
In conclusion, Margaritaville Vacation Club is a type of timeshare that offers more flexibility in vacation options than traditional timeshares. While it may not be the right fit for everyone, those who value customization and additional perks may find it to be an attractive option.
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