What is the difference between a timeshare and a hotel?
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Dear Peter1,
A timeshare is a vacation scheme where, for a considerable sum of money (its initial cost is usually very high), the consumer acquires certain rights over the Resort to stay in a room or apartment for a week (or those that have been purchased) to choose within a season (specified in contract or not), for once a year. There is also the option of acquiring some points that can be used in a similar way.
At that time, the client is obliged to pay an annual maintenance fee to be entitled to the days of accommodation. As you can see, the price of staying is uncertain as there are down payments, monthly membership fees, increasing maintenance fees and renewal costs…
In addition, certain timeshare contracts offer the possibility of making exchanges to stay in other destinations and resorts of the chain or with other timeshares, paying an annuity every 5 years to have this benefit.
Also, you have to book 6 months in advance to be able to enjoy your vacation, and there is not always the possibility of booking since it is at the discretion of the resort and its availability.
Clients are forced to vacation in one place and on a fixed date and even if the week is not used in a year, the maintenance fee must be paid. It is difficult to rent the space in case you cannot go on vacation and also you have to bear in mind that it is very difficult to transfer or sell the contract.
Usually, it is very difficult to get rid of a timeshare because normally the contracts are contingent on a future sale of the property and / or in perpetuity.
However, when you want to stay in a hotel, you do so by paying the corresponding amount according to the nights you want to stay as well as the type of room or apartment you want to stay in and the season of the year. But there is never a time limit to be able to book and you can make as many bookings as you want.
You do not have to pay annual maintenance fees and you know exactly the price you have to pay for your stay.
Also, like the timeshare, some hotels offer the possibility of making exchanges within hotels of the same chain.
In hotels, in principle, it is not necessary to book in advance of 6 months normally, and the client will never be forced to go on vacation to the same hotel, the same week every year of his life; and if you don not want to go on vacation, just do not book.
If you have a timeshare and you want to cancel your contract or you have any other questions, please, contact us by completing the contact form in this website and we will respond once we have reviewed your question.