The timeshare industry had grown rapidly since it was introduced in the late 1970s. There are many variables to look at, but simply put, a timeshare is a purchased vacation plan. One the purchase is made, the owner is allowed to return to a hotel or resort every year at a certain time without having to pay for vacation accommodation. On the other hand, this industry is a big part of the country’s tourism sector. This brings jobs and profits to the area where it is located.
Timeshares are good for the local community because they keep people coming back. This also means bringing in tourist dollars. A large number of timeshares are offered at major tourist areas. This boost the local areas’ economy with the establishment of the timeshare resorts which eventually needs people’s workforce. Meanwhile, compliment businesses such as restaurants, etc. are also expected with these resorts.
For some tourists, they want to spend their vacations in a place that is new to them but they want to stay in the same room at the same resort for the same week every year. Timesharing is the best option for them.
Meanwhile, with timeshare plans that allow the owners to trade their week for a week elsewhere, timesharing can be a great way also to experience other vacation destinations without worrying about the additional cost of different accommodations. With some timeshare exchange companies today, trading of units to others units in other countries is now very possible.
However, a timeshare is a major purchase and can cost thousands of dollars. It’s not a decision to be made lightly if you don’t want to end up worrying how to get out of your timeshare. Most sales pitches are high pressure, thus, make sure you consider important factors before buying the unit. But despite these, the timeshare industry still remains an important aspect of the tourism sector of the country.