What Is the Difference Between a Timeshare and a Vacation Club?

By Anna Duncan

Are you planning your next vacation and considering a timeshare or vacation club? While these two options may seem similar, they have some key differences that can greatly impact your travel experience. Let’s take a closer look at what sets them apart.

What is a Timeshare?

A timeshare is a property that is owned by multiple people who each have the right to use it for a certain amount of time each year. This can be in the form of owning a specific week or weeks in the year or having points that can be used towards different properties within the timeshare network.

Pros of Owning a Timeshare

  • Predictable Vacation: Owning a timeshare allows you to plan your vacation ahead of time, knowing exactly where you will stay and when.
  • Familiarity: If you find a timeshare property that you love, owning it gives you the opportunity to return to the same place each year.
  • Possible Resale Value: Some timeshares hold their value well and can be sold for a profit if you no longer wish to use it.

Cons of Owning a Timeshare

  • Upfront Cost: Purchasing a timeshare can require a significant upfront investment.
  • Maintenance Fees: In addition to the initial cost, owners are required to pay annual maintenance fees for upkeep of the property.
  • Rigid Schedule: Owners are often locked into specific weeks or time periods, leaving little flexibility for spontaneous trips or changes in plans.

What is a Vacation Club?

A vacation club, also known as a travel club or holiday club, is a membership-based program that provides access to a network of properties and resorts around the world. Members pay an annual fee for the right to use these properties for a certain amount of time each year.

Pros of Joining a Vacation Club

  • Flexibility: Vacation clubs often offer more flexibility in terms of when and where you can travel.
  • No Upfront Costs: Unlike timeshares, there is typically no large upfront cost to join a vacation club.
  • Larger Network: Vacation clubs often have a larger network of properties to choose from, giving members more options for their travels.

Cons of Joining a Vacation Club

  • Annual Fees: While there may not be an upfront cost, members are required to pay annual fees to maintain their membership.
  • Limited Availability: Depending on the popularity of certain properties or locations, availability may be limited and require advanced planning.
  • Lack of Ownership: Unlike timeshares, vacation club members do not own any part of the properties they use and have no resale value.

The Bottom Line

Choosing between a timeshare and vacation club ultimately comes down to personal preference and travel habits. If you prefer predictable vacations with the option to return to the same place each year, a timeshare may be the best option for you.

However, if you value flexibility and variety in your travels without an upfront investment, then joining a vacation club may be the way to go. Do your research and carefully weigh the pros and cons before making a decision.