Timeshares allow multiple parties to share ownership and use of a property. Each owner is allotted a specific period of time, such as one week per year, to use the property. The concept began in Europe in the 1960s with families jointly purchasing vacation homes and rotating seasons of exclusive use. The first US timeshare launched in 1974 and allowed owners to alternate weeks across multiple resorts. Timeshares are now commonly offered through major hotel brands and developers. Owners can use, rent out, gift, or exchange their allotted time for stays at other timeshare properties or affiliated resorts worldwide.

1. TIME SHARE &VACATION
OWNRSHIP

2. A timeshare or vacation ownership is a property with a particular
form of ownership or use rights. These properties are basically a
type of unit, in which multiple parties hold rights to use the
property, and each sharer is allotted a period of time (like one
week ) in which they may use the property. Units may be on a
partial ownership, lease, or "right to use" basis.
Time share

3. The term "timeshare" was coined in the United Kingdom in the early 1960s that became
popular after World War II. Vacation home sharing, also known as holiday home sharing,
involved four European families that would purchase a vacation cottage jointly, each having
exclusive use of the property for one of the four seasons. They rotated seasons each year, so
each family enjoyed the prime seasons equally. This concept was mostly used by related
families because joint ownership requires trust and no property manager was involved.
However, few families vacation for an entire season at a time; so the vacation home sharing
properties were often vacant for long periods.
The first timeshare in the United States was started in 1974 by Caribbean International
Corporation (CIC), based in Fort Lauderdale, Florida. It offered what it called a 25-year
vacation license rather than ownership. The company owned two other resorts the vacation
license holder could alternate their vacation weeks with: one in St. Croix and one in St.
Thomas; both in the U.S. Virgin Islands.
The timeshare concept in the United States caught the eye of many entrepreneurs due to the
enormous profits to be made by selling the same room 52 times to 52 different owners at an
average price in 1974–1976 of $3,500.00 per week
HISTORY:-

4. Owners can:
Use their usage time
Rent out their owned usage
Give it as a gift
Donate it to a charity
Exchange internally within the same resort or resort group
Exchange externally into thousands of other resorts
Sell it either through traditional or online advertising, or by using a licensed
broker.
Methods to use:-

5. Owners may also elect to:
Assign their usage time to the point system to be exchanged for airline
tickets, hotels, travel packages, cruises, amusement park tickets
Instead of renting all their actual usage time, rent part of their points
without actually getting any usage time and use the rest of the points
Rent more points from either the internal exchange entity or another
owner to get a larger unit, more vacation time, or to a better location
Save or move points from one year to another

6. Timeshare
Deeded ownership
Right to use
contract
Leasehold
ownership
TYPES:-

7. Companies offering timeshare resorts:-
Starwood Hotels & Resorts
Wyndham International
Hilton Grand
Interstate Hotels & Resorts
Ritz Carlton Club
Hyatt Vacation Club
Disney Vacation Club

9. Marriott Vacation Club
Marriott Vacation Club , the programs and products
provided under the Marriott Vacation Club brand are
not owned, developed by Marriott Vacation Club. It
uses the Marriott marks under license from Marriott
International, Inc. and its affiliates.
This is neither an offer to sell timeshare nor a
solicitation to buy timeshare to residents in
jurisdictions in which registration requirements have
not been fulfilled, including any Member State of the
European Union, and your eligibility to purchase may
depend upon your residency. All requests originating
in Member States of the European Union will not be
carried out by Marriott Vacation Club.

11. Marriott Timeshare Marketing
When it comes to the quality of accommodations and
the variety of layouts and resort locations available on
the resale market versus timeshares purchased
directly from the developer, there is no difference. All
you'll notice is the huge amount of money you save on
your Marriott timeshare resale.
Resort developers frequently tack on additional
marketing costs, sales incentives, etc. onto their
timeshare price tag. But the resale market consists of
timeshare owners looking to sell their ownership to
eager vacationers for only the fair market value of the
unit. Marketing have no added cost, no high-pressure
sales presentations, and let you browse inventory

12. Product
By working with our Sales Executive you can
build a vacation plan that will help you choose
the right amount of Vacation Club Points for
your family's vacation lifestyle and save your
money. Your Sales Executive can help you get
on vacation where you want to go and when
you want to go in exciting destinations around
the world. Another advantage of working with
your Sales Executive is you get the most up-to-
date offers that include special pricing and
incentives. Ownership provides thousands of

13. Timeshare Exchange Marriott
Through a relationship between Marriott Vacation
Club® and Interval International®, the Exchange
Partner Resorts provides additional choices at
hundreds of affiliated vacation properties around the
globe — more places than you could visit in your
lifetime.
Enjoy a variety of accommodations, from eclectic to
opulent, including everything from a 13th-century
stone abbey in Ireland to an oceanfront palace in Rio
de Janeiro.
Or create your own expeditions to see every place
you've always wanted to visit — from Beijing to

14. Sales Incentives
 The timeshare will often provide incentives for the prospective
buyer to take a tour of the property:
 A stay at a vacation resort at a discounted rate (The vacation
resort is a timeshare, and a sale is the objective)
 Gifts (that may range from luggage to a toaster to a tablet)
 Prepaid tickets (to a movie, play, or other forms of
entertainment available in the general area of the resort)
 Gambling chips (usually at a timeshare resort that has legalized
gambling)
 Various prepaid activities coupons, usually for use in or near
the vacation venue
 The vacationing timeshare prospects are presented these
incentives in exchange for the promise to the marketing

15. Bsc Final year
PREPARED BY:-
ASHISH