The idea of a timeshare is this. You cannot afford to buy real estate in an expensive foreign resort: it is expensive, and you will have to pay considerable taxes. But you can buy ownership for periods ranging from one to 51 weeks of the year.
Timeshares are differentiated by seasonality and quality of service.
Depending on the season, the timeshare has its own color:
Red is the best season for relaxation;
White - off-season;
Blue is the season in lowest demand.
Based on the quality of service, timeshares are distributed similarly to the “star” category of hotels.
Resorts are divided into the following categories:
Standard;
Golden crown.
Timeshare as a club holiday
Club holidays involve the opportunity to take advantage of comfortable living conditions in club-type hotels. Club members, purchasing a timeshare in such a club hotel (one or several weeks), receive the right to exchange their time and vacation spot for another in accordance with the existing price list of resorts of various categories. For example, more than three thousand resorts around the world are connected to the international RCI club holiday system. The cost of personal club membership varies depending on the number of years for which the fee is paid: the more years you pay, the lower the cost of club membership in terms of one year.
Benefits of a timeshare
For countries where the law regulates timeshare, it provides a number of significant advantages for system participants: 1. Acquisition of ownership of real estate in prestigious resorts;
2. The opportunity to exchange a vacation spot, accumulate the duration of a vacation by giving up your weeks in one year, or sell your weeks if you can’t find time to relax at a resort in a certain year;
3. Transfer the purchased timeshare by inheritance or sell it;
4. Solve the problem of corporate leisure for company employees.
Club holidays, in addition to the listed advantages, also have the following advantages:
1. Holidays in apartments that have all the conditions for living as in your own apartment or house, including the opportunity to invite friends;
2. A one-time investment in the purchase of a timeshare and payment for club membership allows you to choose a new vacation spot every year;
3. Discount systems for air travel.
“Russian Timeshare” as a way to withdraw money from the population
In Russia, they often try to sell a timeshare using aggressive methods of influencing a potential buyer (extorting money). Through various tricks in the form of sociological surveys or messages that you have become the winner of some promotion, you are lured to presentations or events to present supposedly won prizes. You are urged to turn off your mobile phone and be with your other “half”. It turns out that you have won a week of rest. You can choose the resort yourself, but you will be convinced to choose the one that the timeshare owners need. You will pay quite a bit, but then it turns out that the round trip is paid for out of your pocket, the food is also at your expense, and on the spot it turns out that you also need to pay for insurance, an additional week, or incur some other costs that are refundable. All this was supposedly stipulated in the contract. You pay for everything, but you won’t see your money again, because on the day of departure you won’t find a company representative.
Currently, the courts of our country are considering hundreds of civil cases on claims of defrauded people who have suffered from the actions of unscrupulous timeshare companies.
If you still decide to try, then when buying a timeshare, beware of situations where they prove to you that right now you need to make a deal, otherwise tomorrow the lot will be twice or three times more expensive.
If you intend to purchase a timeshare, carefully study the contract, which must be drawn up in at least two languages, Russian and English.
Do not trust those who do not provide you with a contract to review in a calm home environment.
Find out information about the structure of the club, additional cash payments, as well as liability for non-payment of club membership.
When reselling certificates, beware of unscrupulous intermediaries, carefully study contracts and do not pay in advance for processing transactions or conducting market research.
It is also important to mention that timeshare is difficult to use as an investment, since in reality there is almost no market for its resale, and providers of this service often do not record the acquisition of this property in the property register or land registry. As a result, if this company goes bankrupt, the buyer will not have any rights.
Introduction
Characteristics of services in the timeshare system in Russia and abroad
Conclusion
Introduction
The essence of a timeshare is that the property is not purchased as a whole, but specific club weeks, at a certain time of year, usually for lifelong use. This allows you to save on the overall price, as well as reduce property maintenance costs and tax payments.
The timeshare industry is over 40 years old. Its annual income is more than $9.46 billion per year. Global growth is projected to double over the next decade, driven by widespread growth in travel and tourism. Today there are 6.74 million timeshare households around the world. Of which, over one and a half million live in Europe. However, it is necessary to be aware of the broad contribution of timeshare to the European economy, in providing year-round tourism and employment.
The modern timeshare concept provides vacationers with a unique combination of security and choice. Security is realized due to the fact that you can purchase your favorite vacation for the future. The choice is ensured by the opportunity to exchange the purchased vacation, through international exchange companies, for another high-quality vacation around the world, or through timeshare points system clubs.
The popularity of redemptions has led to the emergence of a new product, often called vacation clubs, where consumers can purchase points instead of shares in a particular resort. These points act as resort currency. Every time travelers want to take advantage of their vacation, they select the desired apartment size, duration, location and pay with points for their choice.
1. Concept, content and legal regulation of timeshare
The active, sometimes even aggressive, activities of travel companies offering Russian consumers “tourist services under the timeshare system” have given rise to many conflict situations. Some of these conflicts resulted in litigation. Disputes about the legality of using aggressive marketing methods and the available means of legal protection of clients' interests have given rise to a natural interest in the legal nature of the relations that develop between participants in the timeshare system.
The word “timeshare” itself is a translation from the English “time-sharing,” which can be translated as “alternate use.”
Timeshares have become a popular form of holiday organization for the middle class in the West relatively recently - since the 1970s. Accordingly, the legal regulation of relations related to timeshare is at the stage of development. Typically, a timeshare is created by a development company, that is, an organization specializing in the implementation of complex real estate projects. Such a company, using borrowed funds, invests them in the construction or reconstruction of boarding houses. Timeshares are organized in traditional resort areas.
Then the development company creates a club - a non-profit organization that brings together participants who are co-owners of the property. The entrance (share) contribution of these first club members is actually used to pay for real estate, which is purchased by the club from a development company. The size of such a contribution is significantly lower than the full cost of the premises, since the same premises are transferred jointly to several owners, who operate it alternately in accordance with the club membership agreement. Each of them does not pay the full cost of the premises, but only approximately 1/50 of this cost for each week of annual vacation. Purchasing the right to use a premises costs more during the popular season, and less during the low season.
Often, the legal relations of the parties are formalized in such a way that buyers not only become members of the club, but also acquire a share in the ownership of real estate, i.e., they become co-owners of real estate.
To operate the common property, the club enters into an agreement with a management company that provides utilities, cleaning, routine and major repairs. For these services, the management company is paid a fee, the source of which is the annual contributions of club members.
In order to minimize tax payments, the real estate of the club and/or its members can be transferred into trust ownership of a trust company organized in an offshore zone with a favorable tax regime.
Finally, in order to attract consumers who are members of the club and exercise rights to the premises, a marketing company is organized, i.e. a specialized campaign to sell timeshare rights and club memberships to consumers. In order to ensure maximum coverage of the territory, the marketing campaign organizes an agent network of commission agents. In this case, such commission agent is CJSC Tropicana SPb.
The structure of the relationship between a timeshare club and its members is vaguely reminiscent of housing cooperatives and homeowners' associations known to Russian law. The main difference between these forms and timeshare is that members of housing cooperatives and homeowners' associations use their residential premises constantly throughout the year, and timeshare members only temporarily. The procedure for exercising the right of timeshare members to use residential premises is established by an agreement between the club and its members.
Since in Russia there is no specialized legislation regulating relations between consumers and professional participants in the timeshare market, to conduct a comparative legal analysis, we can focus on legislative acts adopted in Western countries.
An example here is European Union Directive No. 94/47/CE, adopted on October 24, 1994 and which came into force in May 1997. This supranational legal act regulates the relationship between consumers and professional participants in the timeshare market and is binding in all EU countries. The leitmotif of the directive is to protect the interests of the buyer from unfair actions of entrepreneurs specializing in the “timeshare” business. The provisions of the directive apply to contracts concluded for a period of more than three years and the duration of ownership of real estate for at least a week.
The document regulating the relationship between the seller and the buyer is a contract on the transfer of the right to use real estate “for the period of vacation” (timeshare). In this case, the buyer is often also given a share in the ownership of this property. The contract is drawn up in two languages - the language of the state where the buyer lives, and the language of the state where the property is located. The contract must set out in writing all the property conditions, methods and procedure for its termination, as well as the period during which the consumer has the right to terminate the contract unilaterally without specifying reasons (usually the first 10 days after signing).
It should be noted that since the real estate that is the subject of such a contract is usually located abroad, the rules of private international law must be taken into account when concluding and executing the contract. As a rule, the contract is concluded on the territory of the Russian Federation, the buyer is a resident of Russia, and the owner of the property is a foreign legal entity. Sometimes the substantive law applicable to the relations of the parties is determined in the contract itself by means of an appropriate clause. If the parties have not resolved this issue, then substantive law is determined based on the relevant conflict of laws rules of private international law. In the Russian Federation, conflict of laws rules are enshrined in Section. VII Fundamentals of civil legislation. According to Art. 166 Fundamentals, the rights and obligations of the parties in such transactions are determined by the law of the country where the party who is the seller is established, has his place of residence or has his main place of business. Thus, if the seller is a foreign legal entity and the contract does not contain a clause on the applicable law, the buyer may be surprised to find that in order to protect his rights he needs to turn not to familiar Russian laws (Civil Code, Law on Protection of Consumer Rights), but to foreign law. Therefore, including a substantive law clause in a contract is always advisable. The choice of Russian law is attractive insofar as this legal system is familiar to both the buyer and his lawyers. On the other hand, Russian legislation does not yet contain rules specifically aimed at protecting the rights of timeshare buyers. Therefore, by subjecting the contract to the substantive law of the European Union, the consumer will be able to obtain additional protection based on the beneficial provisions of European Union Directive No. 94/47/CE, which were described above.
It should be emphasized that even a special agreement of the parties cannot exclude the application of a special rule on the law applicable to the form of the transaction. This rule of private international law is reflected in Art. 165 Fundamentals of Civil Legislation (as well as in Article 1252, Chapter 70 of the draft part three of the Civil Code of the Russian Federation). According to this principle of conflict of laws, the form of a transaction in relation to real estate must comply with the law of the location of the real estate. So the form of the contract must always comply with the laws of the state where the timeshare resort complex itself is located.
When drawing up a contract, you should take into account some other norms of Russian legislation that will apply to the relations of the parties, regardless of how the issue of applicable substantive law is resolved. This primarily applies to the norms of currency legislation.
Acquisition of any rights to real estate abroad (as well as acquisition of shares, shares, participation interests in foreign legal entities for foreign currency) in accordance with clause 10 of Art. 1 and paragraph 2 of Art. 5 of the Law of the Russian Federation “On Currency Regulation and Currency Control” is a currency transaction associated with the movement of capital. Such operations must be carried out in the manner established by the Central Bank of Russia.
The Central Bank of the Russian Federation (Bank of Russia) considers it necessary to once again draw the attention of enterprises and citizens considering the possibility of taking these actions to the requirements of the legislation of the Russian Federation in this area. So, in accordance with paragraph 10 of Art. 1 and paragraph 2 of Art. 5 of the Law of the Russian Federation “On Currency Regulation and Currency Control”, these operations relate to operations related to the movement of capital and must be carried out in the manner established by the Bank of Russia.
In order to limit the export of capital from the country, the Bank of Russia has established a licensing procedure for carrying out these operations.
2. Characteristics of services in the timeshare system in Russia and abroad
timeshare travel service
The concept of timeshare originated in Europe in the 1960s as an innovative way to expand travel choices. Instead of booking one or two weeks at the same resort year after year, or instead of purchasing a vacation property, timeshare offers travelers the opportunity to purchase ownership for one or more weeks each year for a significant limited or indefinite period of years. Thus, vacationing in a house has become a reality for millions of people for whom purchasing real estate was beyond their means.
Having bought time for vacation, you can use it yourself, let friends and relatives use it, or rent it out. But while there was complete flexibility in who enjoyed holidays, there was initially a lack of flexibility in when and where holidays could be taken. The needs of the owners led to the emergence and growth of exchange systems, and then, more recently, the points system. This allowed owners to exchange their timeshare weeks either for another week at their resort or for weeks at another resort within an exchange system that includes more than 5,400 resorts in more than 90 countries. Exchange companies often provide members with related services - air tickets, car rentals, insurance, etc. - at competitive prices.
In the 1960s, with the advent of timeshare, the right of periodic occupancy was established in relation to one specific accommodation facility, for example, a hotel room, which could be used during a certain period of each year. Then companies were established, the largest of which are the American companies RCI and Interval International, which provided services for the exchange of equivalent periodic residence rights in relation to different accommodation facilities (we are talking about a one-time replacement for a certain period of rest with a subsequent return to the original position). Then clubs appeared that provided their members with residence rights with characteristics that implied the choice of the user (the type of apartment was indicated and the general period during which the user could choose specific days for relaxation (for example, apartment T1 in the “high” season). Finally, clubs arose in in which the user acquired a certain number of points, credit points, which were the internal units of account of the club and, taking into account the quotes used by the club, could each time order the level of apartments, duration of accommodation and season within the limits of the number of units of account purchased.In the latter case, neither the characteristics of the funds were initially determined accommodation, nor the length of stay.The variety of timeshare modifications with the assignment of different names to them (club vacation, vacation ownership system) creates a misconception about the conceptual difference of these modifications from the previously emerged timeshare.
Historically determined differences in the content of the legal categories of the states where the majority of timeshare properties are located (primarily, differences between the legislation of the states of the Anglo-American and continental legal systems in relation to such a category as “property”, often used in relation to the right of periodic residence), do not contribute the formation of a universal concept of timeshare rights, equally suitable for states of the continental and common law systems. In common law states, timeshare purchasers are owners of the property when their right of periodic occupancy is based on the leasehold estate (lease) or is implied by their position as beneficiaries in establishing a trust for the timeshare property. In both cases, timeshare purchasers have a limited period of ownership of the timeshare property. Such a right, from the standpoint of the continental system of law, is not property.
Consequently, due to the differences between the continental and Anglo-American systems of law, the existence within each system of timeshare rights that are diverse in nature, it is quite difficult to reveal the concept of timeshare rights that are suitable for all states. In any case, when calling the right of periodic residence property, it is necessary to clarify in accordance with the legal order of which state it was established.
For the purpose of legislative regulation of timeshare legal relations, it is proposed to distinguish between different aspects of the phenomenon, which is now designated by the single concept of “timeshare”. To define a special type of business activity in the field of tourism, the concept of “timeshare activity” is most suitable. A method of operating accommodation facilities related to the tourism industry, in which operators (timeshare users) are granted the right to periodically reside in accommodation facilities (resort real estate), the right to use common areas and amenities of accommodation facilities during their stay in accordance with their intended purpose, it is preferable to call "timeshare operation". It is logical to call the subjective rights of users to resort real estate and hotel-type services in a vacation spot “timeshare rights.” If we mean contracts, as a result of which the purchasers receive rights to resort real estate and hotel-type services in a vacation spot, then it is more correct to talk about contracts for the acquisition of timeshare rights.
The Russian market is characterized by a pluralistic concept of regulation, which allows the existence of the right of periodic residence of various types. Among these types are the following:
the right of periodic residence within the framework of common shared ownership (the main advantage here is the absence of the risk of termination of the right of periodic residence due to the liquidation of the debtor);
the right of periodic residence as a new type of limited property right;
the right of periodic residence as an obligation. In this case, conditions are necessary that reduce the risk of impossibility of using the right for reasons beyond the control of the timeshare acquirer. Such conditions include the following: the owner of the property must be the obligated person to the timeshare purchaser; the periodic occupancy right must encumber the timeshare property; timeshare purchasers should be given the right to exercise control over the transactions of the organization that owns the timeshare property in order to prevent transactions that may violate their rights.
As a special type of existence of the obligatory right of periodic residence, a model is recommended in which the timeshare purchaser is a shareholder of the OJSC owner of the timeshare real estate. Here, obligatory timeshare rights will follow from the agreement concluded between the OJSC and each timeshare acquirer; however, additional stability will be given to the position of the timeshare acquirer by his status as a shareholder and the rights granted to the shareholder by the legislation on joint stock companies.
Periodic residence is provided only as an obligation arising from the conclusion of a contract for a club holiday between the buyer (consumer), on the one hand, and the holiday club or seller, on the other hand. There are no serious guarantees of the rights of timeshare purchasers in the bill, therefore, if this approach is maintained, there are great opportunities for abuse by unscrupulous businessmen, since the activities of the club are uncontrolled.
The variety of forms promotes competition, as a result of which the most viable models will remain on the market. At the same time, regulation of each model must include guarantees of the rights of timeshare purchasers.
Conclusion
In Russian literature, the concept of “timeshare” is used in different meanings. Timeshare is often called:
) one of the types of entrepreneurial activity in the field of tourism;
) subjective rights of users to resort real estate and hotel-type services in a vacation spot;
) the method of operating the resort property on a periodic basis among a limited number of users; 4) an agreement concluded between the timeshare acquirer and an organization that helps the acquirer obtain timeshare rights.
Also often used as timeshare are the concepts of “club vacation”, “vacation ownership”, “vacation ownership system”, which, on the one hand, try to distance themselves from timeshare (without offering clear criteria for such a division), and on the other hand, they use it as synonyms.
A number of reasons - objective and subjective - determine the existing uncertainty of the concept of timeshare: the desire of professional market participants to dissociate themselves from a name that is discredited in the eyes of consumers and the conscious introduction of its numerous synonyms; polysemy of the concept of timeshare.
The complex of timeshare operations is based on the principle of periodic residence and on this basis, all manifestations of the use of accommodation facilities on a periodic basis among a limited number of users, when the latter use the resort property for several days annually for a period of 3 years or more, should be considered as a timeshare .
List of used literature
1.Alexandrova A.Yu. International tourism. - M.: Aspect Press, 2009. - 463 p.
.Afonin G.I. Tourism in the system of leisure values // Bulletin of the Moscow State University of Culture and Arts. - 2007. - No. 2. - P. 119-121.
.Gavrilchak N.I. Strategic directions for the organization and development of international tourism. - St. Petersburg: Publishing house SPbGASE, 2009.
.Gavrilchak N.I., Vilensky A.E., Sharafanova E.E. Organizational aspects of the use of franchising in managing the development of recreational organizations. - St. Petersburg: Publishing house of St. Petersburg State University of Economics, 2009
.Zelenova E.V. Tourism as a type of sociocultural technologies // SOTIS - social technologies, research. - 2007. - No. 5. - P. 76-82.
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Increasingly, travel sites publish ads for the sale of timeshare, but far from everywhere there is an explanation of what kind of system it is, how it works, and where it came from. Some of the reviewers claim that it is as simple as buying a tour, while others flatly dissuade tourists from contacting timeshare.
But, like any vacation format, timeshare has its pros and cons. The Vipgeo portal invites you to learn about all aspects of this phenomenon in world tourism.
History and features of timeshare
Actually, for the first time, the term timeshare was registered in the United States in 1974, when one of the travel companies offered its clients long-term contracts for annual accommodation in a certain hotel in a certain resort. A little later, this system came to Europe, becoming very popular there among a certain circle of tourists.
In fact, a timeshare is a full-fledged rental of a hotel room by a tourist. one or two weeks a year. There are also contracts for a month of annual residence, or a one-time timeshare for ownership of the property throughout the year. But the most widespread are those timeshare options that give a tourist a place “for vacation,” most often on fixed dates of one or two seasons.
The terms of such contracts are each hotel, or, as it is called in the West - club- You have the right to install it yourself. The minimum timeshare term is three years, the maximum is up to 30 years old. Of course, tourists in this case “buy” only the premises with the proviso that the club can change the rules for additional payment at its discretion due to inflation, rating increases, etc.
Of course, when we are talking about such long periods, the cost of a timeshare itself is not a cheap pleasure. A contract for a period of 10 years will cost the average tourist about $13000 and more, depending on the prestige of the hotel or apartment. If a timeshare buyer is unsure, he can sign a trial contract for a week, which will cost about $200-450 for a double room.
According to the level of prestige and prices, timeshares are divided by color, depending on the season:
"Red" timeshare- purchase of time at the hotel only in high season. The guest has the right to change the dates of arrivals, as well as exchange the timeshare to another resort. The most expensive option.
"White" timeshare- buying time for accommodation in the off-season. According to the rules for using services, it is similar to the “red” contract, but due to its less popularity it is much cheaper.
"Blue" timeshare- low season timeshare. The cheapest, and, as a rule, offering accommodation in hotels without categories.
Important: If the first American timeshares had very strict obligations to tourists, now they have somewhat weakened their responsibility. Thus, tourists can check into different hotels from year to year, but within the same resort area, when, as in the 1970s, this was unacceptable.
Timeshares in Russia appeared in the 1990s in private hotels in the Krasnodar Territory and a number of other regions. At first these were honest attempts to copy the American system, but later the business turned criminal and was captured by scammers. Nowadays there are only a few legal companies offering timeshares, but every year the demand for “club holidays” begins to grow, albeit outside our country.
Basic concepts used in timeshare
Club- a hotel or the actual place of residence of a tourist, for example, a cottage in a resort area or an apartment in a residential building. Often this word also means the resort area itself, where hotels are located in which tourists have the right to check in.
Multiclub- a united zone of several resorts of one region or island. Recently, the term has been used to designate the service area of the timeshare owner.
Founder- a company that owns a hotel in which a tourist buys time to stay.
trustee- a firm that regulates the legality of the purchase and compliance with the rules of the timeshare. They exist in the USA, Europe and a number of island countries. There are no such companies in Russia today.
Advantages of a timeshare
Most licensed hotels and apartments operating under the timeshare system are modern, comfortable accommodation with all necessary amenities and located within walking distance from the resort or excursion area.
Modern timeshares have a flexible check-in system without being tied to a specific date of the month. This was done after numerous complaints from tourists due to postponed holidays.
Any timeshare can be put up for sale if for some reason a tourist cannot or does not want to visit the selected resort anymore.
All timeshares have special programs for families with children. If we are talking about a “red” contract, then most clubs do not charge any additional payments for a child’s accommodation.
Clubs operating under the guise of world brands guarantee that during the entire term of the contract tourists will be provided not only with accommodation, but also with regular meals.
Disadvantages of a timeshare
The timeshare system is considered expensive and not always profitable even in the West. In addition to paying for the contract, the tourist will be charged property tax. If we are talking about prestigious vacation spots, then the amount of annual fees can be up to $500.
Foreign hotels extremely rarely provide timeshare accommodation for Russian-speaking guests. As a result, there is a language barrier at almost all levels: from service to the menu in the hotel restaurant. You will have to hire a Russian-speaking guide or animator for some money.
Most timeshare contracts are not renewed. The queue for check-in at hotels is usually scheduled for several years in advance, so it is more profitable to purchase long-term contracts.
A tourist, buying a timeshare, completely trusts the founder and his management company, which is responsible for accommodation. In case of bankruptcy of the hotel, the money is returned only through the trustee company. If the trustee is not registered in the holiday country, all disputes are resolved in court.
In recent years, most European clubs have been working with the concept of “tourist reputation”. If a guest has in any way violated the rules of staying at the hotel, then his timeshare contract is canceled without the right to a refund.
Do timeshares have a future in Russia?
The chaos of the 90s, a lot of scammers in modern Russia and a variety of fraudulent schemes related to the purchase of timeshares are repelling most tourists from such offers, says most travel forums. But is everything so bad with timeshares in our country?
The main problem is that for more than 20 years, Russian laws have learned very little how to control the tourism market. According to tourists who are faced with a “divorce” under the guise of timeshares, litigation related to the return of money drags on for years. Crimes are obvious, but sometimes it is simply impossible to prove them.
In recent years, some tourist regions, for example, the Krasnodar Territory and Crimea, have begun to actively introduce licensing of hotels responsible for timeshares in Russia. This led to a sharp reduction in illegal immigrants, but prices for such services jumped sharply, which scared off the lion's share of our tourists.
So far, the fate of timeshares in Russia is unclear, since, according to travel observers, the price for legally purchasing time in a hotel or apartment cannot be called affordable. As of 2016, three-year timeshare contracts in Yalta cost from 100 thousand rubles, and in Sochi this figure can double.
Based on this, we can conclude that the transition of timeshares in the Russian tourism market will take years.
Would you like to own your own room in a luxury hotel and come there on vacation at a convenient time? Then you will be interested to know what a timeshare is, what its features are, and how it can be useful to a tourist.
The very word timeshare arose back in the 70s of the last century, in Europe and America. Time- time, share- share, division. Accordingly, timeshare is time sharing. Its essence is simple. A company wishing to build a hotel did so at the expense of investors, who could be both individuals and companies. By investing in the construction, they became co-owners of one of the hotel or resort rooms.
- Do not miss:
Reminds me of the system by which most apartments in new buildings are now sold, right? The only significant difference is that the number ownership time is divided into 52 periods, equal to the number of weeks in a year. In other words, you can buy ownership of the room for any week (or several) per year.
Timeshare Features
Traditionally, the minimum unit for purchase is one week. The maximum is not limited, you can buy at least the whole year. The cost of the fee depends on both the location of the room and the time of year. A week in the “high season” will cost more than in the “low season”.
You can select the holiday date immediately, or leave it “floating”, indicating only the season. In this case, you need to book a room in advance for the required dates. The rule here is “whoever got up (called) first gets the number.” Most numbers are sold using this system, with a floating date.
The concept of a timeshare has changed somewhat since its inception. Now, in order to become a participant in the program, it is not at all necessary to invest money and wait until the resort is built. On specialized sites, anyone can buy so-called points (or glasses), which are the internal currency. You can exchange them for a stay at any of the hotels included in the system. Moreover, in this case you can buy both weeks and individual days.
The purchased number is subject to almost the same rules as when owning any other real estate. It can be sold, rented, exchanged, and even inherited. All possibilities for this must be clearly stated in the contract. In addition, depending on the share, your right to participate in the management of the hotel, being a kind of shareholder, may also be indicated there. 
Timeshare in Russia
The history of timeshare development in Russia began in the “turbulent” 90s, when the main principle of doing business was “invest less, grab more.” The consequence of this was the dissatisfaction of people who, using the services of such would-be intermediaries, overpaid several times more than the real cost of the room.
Unfortunately, the principles of many companies have not changed, so getting involved with a timeshare in Russia is not only unprofitable, but sometimes even risky. When professional scammers got down to business, the timeshare turned into a kind of scam. Many people still think that this is some kind of sophisticated deception of money from the gullible public.
- Do not miss:
Considering the complete lack of legislative regulation on this issue, it is not surprising that reviews of timeshares are mostly negative. However, this does not prevent him from developing quite dynamically in the West. Many analysts predict that over the next 10 years, this type of club recreation will take first place among other methods of organizing leisure time.
Timeshare timeshare, lit. “time sharing” - joint ownership of real estate (condominium) in the tourism business, with the opportunity to use it for a certain time, in proportion to the monetary contribution. Typically referred to as “vacation ownership,” it is purchased for a term of 10 years to perpetual use. Traditionally, apartments are sold from 4 to 6 people. Usage time is measured in weeks time division, which are grouped into three colors"(red Red- season, the most expensive and prestigious, white White- off-season, and blue Blue- off-season) and reflect the dynamics of demand by season. The owner, or rather, the co-owner of the condominium (that is, joint ownership), can relax in the purchased apartments in “his own” weeks, or exchange the vacation spot for a similar one within the “color”. In addition, red changes to red, white and blue - at the request of the client, white only to white and blue, blue - only to blue, respectively. Additionally, it is possible to change regions. At the same time, a region that is super popular and prestigious changes to a less prestigious one with increasing vacation time.
In 1971 created a global system RCI - Resort Condominiums International, which provides co-ownership of properties at high-end resorts and “holiday sharing.” The system includes over 2,300 complexes located in resorts in 70 countries of the world. At the end of 1992 timeshare owners in the system RCI there were about 3 million families. In 1996 RCI opened its representative office in Moscow, and is currently actively promoting timeshare services on the Russian tourist market.
Similar services are offered by the prestigious timeshare club system Interval International, which includes more than 1000 high-class hotels (usually at least 5 stars). The exchange rules state that you can exchange for RCI, but there is no going back. By depositing approximately 22,000 USD, anyone, regardless of citizenship, can become a co-owner - for one week annually for a period of 25 years - of a fashionable cottage in the Canary Islands or on the Florida coast, for example, in the famous place of Cypress Bay (Cypress Hartbourg) in Orlando. Unlike RCI- system L of a higher class, cottages are offered with an area of 160 sq.m. and better equipped; two bedrooms, hall, kitchen, color-video TV, as well as a host of other amenities and entertainment. At the same time, up to eight people can relax in the cottage (with some space) at no additional charge. You can choose any week throughout the year for your holiday by notifying us in advance. If a given resort is tired, the client can submit an application and easily exchange it for any other in the same system or system RCI, Clients receive discounts on air tickets of up to 20% or more.
Holiday rights - applied to TimeShare- temporary use rights or the right to grant third parties the right to use a cottage or villa specified in the certificate of ownership for a certain period (for example, 25 years). A feature of a classic timeshare is the presence of a certificate of ownership for a certain period of rest, and these rights are inherited, can be the subject of a pledge, assignment, loan security, etc. (all signs of property rights).
Selling a timeshare is quite a delicate matter, so companies involved in marketing and working with clients use tactics of working with an individual client, the so-called individual presentations. Of course, the information is not transmitted to the press, the main information is communicated to the client privately, all negotiations and agreements reached are strictly confidential. Some marketing companies use aggressive timeshare sales practices, which causes controversy and consumer complaints.
Spacebank - club trademark RCI for a bank of rest periods in which one week is reserved for each member owner RCI.
Two-for-One - club member right RCI exchange one week of holiday in the Canary Islands for two weeks of holiday in the USA or Canada or three weeks in Australia or New Zealand. Exchange rights also provide for the opportunity to “accumulate” vacation time; if the owner does not use vacation time this year, he can reserve two weeks of vacation for the next year.
Almost every country has national timeshare clubs.
Vacation ownership is a fast-growing sector of the global tourism business:
and it was developed in 81 countries;
a there are more than 4,500 resorts-tourist complexes operating in this system;
and the owners of the recreation system live in 174 countries;
a more than 3.14 million families in the world own a recreation system;
and sales were approximately $4.76 billion (1994).
Buyers in the vacation ownership system are individuals with a fairly high annual income and increased requirements for the quality and location of accommodation facilities. Leisure ownership system and its variations – timeshare, club holidays, hotel holidays represents one of the ways to pay for and use a high-quality accommodation facility for a certain period of time, which can optionally be exchanged for a holiday in another location (at 4,350 resorts worldwide or at 1,289 resorts in Europe). Owning a vacation is a tourism product that is maximally tailored to the needs of the buyer.
From research carried out by Ragatz Accociates in Europe, Asia and Australia, it follows that high socio-economic indicators of holiday ownership buyers are visible in many countries around the world. More than half of North American vacation owners are between 35 and 55 years old. Most owners (85%) are families, only 33% of them have children. The average annual income of owners is more than $60,000; they tend to have a prestigious education (54% of household heads graduated from college or university).
Thus, a typical timeshare owner in England is married, over 35 years old, and has no children in need of care. The reasons for purchasing a timeshare vary. According to research from Ragatz Accociates, it is estimated that approximately 72% of timeshare owners considered the ability to exchange a vacation spot one of the important reasons for purchasing a club vacation. Other reasons for buying a timeshare are confidence in the quality of the apartments provided (62%); the habit of vacationing at a given resort (58%) and saving money on future vacation expenses (56%).
Vacation ownership concept offers owners the right to use, for a certain period of time (season and interval) annually, a room, apartment or other type of housing, which, in turn, is part of a tourist complex (club) equipped to provide various services. The buyer pays a certain amount to acquire the right to own membership in a recreation club, and after that makes annual contributions: intended for the maintenance of the club property (local payments); for exchanging holidays in another club. The sales time period is usually based on weeks (intervals) and cannot, as a rule, exceed 51 weeks per year.
The time spent in apartments (modules) is divided in some cases into seasons - red, white and blue (season, off-season and off-season). Thus, the interval, module and season are purchased. Recently, club membership, valued in the form of points (credit points), has become widespread.
Accommodation facilities and module sizes vary:
a studio, luxury room (for 2 persons) - T-0;
a room with one bedroom and living room (for 4 persons) - T-2;
a room with two bedrooms and a living room (for 6 persons) - T-2;
a room with three bedrooms and a living room (for 8 persons) - T-3, etc.
Specially designed accommodation modules often include elements such as terraces, balconies, swimming pools, Jacuzzis, video systems, etc., as well as kitchens (full, partial, separate, etc.). The latter, as a rule, are equipped with a set of dishes, refrigerators, microwave ovens, food processors, washing machines, dishwashers, etc.
The average size of a resort (complex) is 50 rooms. Resorts located in areas of greatest interest to clients, vary on the: beach(Spain, Portugal), urban(London, Paris, Vienna), mountain(Austria), thematic recreation parks (USA: Orlando, Florida and California, northeast Spain). Resorts are affiliated with the system under special programs. The average price of a module ranges from $6,500 to $9.5. Thus, in Spain, the average two-bedroom unit costs approximately $7,500, but the average is $8,000 per season; $5,200 and $3,800 - in the off-season and off-season, respectively.
