Fredflintstone
TUG Member
- Joined
- Jul 15, 2018
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The timeshare industry has changed from deeded ownership to points ownership over the last 10 years.
In 50 years, I see:
1. The term ownership will be replaced with membership. You will get condo hotel accommodations and pay a membership fee instead of a maintenance fee. Like a golf club membership, you will pay an upfront charge to be a member. Prices will vary based the status of the hotel chain.
2. Timeshare membership will have strict laws on sales. I see Lawyers involved in the transactions to ensure honesty instead of backroom sign offs.
3. Timeshare companies will be forced to take back any and all deeds at a prescribed fair value from all past owners. Owners will be given the chance first to become members if they want.
4. I see intermediary exchange companies gone (like RCI) and brands merging with a unified, low cost trade system.
5. I see memberships sold as pre paid memberships with discounted rates for members in return. There will never be a special assessment risk.
6. I see legacy timeshares being gobbled up by major brands or sold off. Many will be in such disrepair, they will need to be mowed down.
7. I see membership points or exchanges being available to members forever. In other words, there will not be 2 year limits on using their benefits. Charging extension fees to keep earned benefits will be banned.
8. Membership values will not drop like a rock like timeshares have and have a better reputation.
9. Memberships will be a lot easier to get rid of.
What do you think will happen with timeshares in 50 years?
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In 50 years, I see:
1. The term ownership will be replaced with membership. You will get condo hotel accommodations and pay a membership fee instead of a maintenance fee. Like a golf club membership, you will pay an upfront charge to be a member. Prices will vary based the status of the hotel chain.
2. Timeshare membership will have strict laws on sales. I see Lawyers involved in the transactions to ensure honesty instead of backroom sign offs.
3. Timeshare companies will be forced to take back any and all deeds at a prescribed fair value from all past owners. Owners will be given the chance first to become members if they want.
4. I see intermediary exchange companies gone (like RCI) and brands merging with a unified, low cost trade system.
5. I see memberships sold as pre paid memberships with discounted rates for members in return. There will never be a special assessment risk.
6. I see legacy timeshares being gobbled up by major brands or sold off. Many will be in such disrepair, they will need to be mowed down.
7. I see membership points or exchanges being available to members forever. In other words, there will not be 2 year limits on using their benefits. Charging extension fees to keep earned benefits will be banned.
8. Membership values will not drop like a rock like timeshares have and have a better reputation.
9. Memberships will be a lot easier to get rid of.
What do you think will happen with timeshares in 50 years?
Sent from my iPad using Tapatalk