If you’re planning to join a vacation club, one of the most important things you need to know is who owns the company. Knowing the owners can give you an idea of the company’s credibility, reputation, and financial stability. In this article, we’ll take a closer look at who owns Royal Holiday Vacation Club.
The History of Royal Holiday Vacation Club
Royal Holiday Vacation Club is a Mexican-based vacation club that was founded in 1983 by Spanish businessman, Juan Carlos Gonzalez Hernandez. The company started with just one resort in Cancun and has since expanded to over 180 locations worldwide.
Who Owns Royal Holiday Vacation Club?
As of 2021, Royal Holiday Vacation Club is owned by Mr. Hernandez and his family. The company operates under the umbrella of Park Royal Hotels & Resorts, which is also owned by Hernandez.
What Does This Mean for Members?
Knowing that Royal Holiday Vacation Club is privately owned by the Hernandez family could be reassuring for members as it suggests a level of personal investment in the company’s success. As a member, you can rest assured that the owners are hands-on and vested in ensuring your satisfaction.
However, it’s important to note that being privately owned could also mean limited access to financial information about the company. Unlike publicly traded companies that have to disclose financial reports regularly, private companies are not obligated to do so.
What About Reviews?
When researching any vacation club or timeshare ownership program, it’s essential to check reviews from other members or guests who have stayed at their properties. Royal Holiday Vacation Club has mixed reviews online from various sources such as TripAdvisor and Yelp.
While some members praise its customer service and quality resorts, others complain about high-pressure sales tactics and difficulty canceling memberships. It’s essential to read both positive and negative reviews before making any decision regarding joining the club.
The Bottom Line
Knowing who owns a vacation club is crucial for determining its credibility, reputation, and financial stability. Royal Holiday Vacation Club is owned by its founder, Juan Carlos Gonzalez Hernandez, and his family. While this could be reassuring as it suggests a level of personal investment in the company’s success, it’s essential to read both positive and negative reviews before making any decision regarding joining the club.
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