TATOC Consumer Helpline

Email: info@tatocconsumerhelpline.eu

UK Helpline: 0845 230 2430 | 0345 230 2430

FAQ 2: What are the different types of timeshare ownership?

When timeshare originally began in the 1960s, owners would typically buy one or more specific week(s), in a specific apartment at a specific resort. This is known as fixed week timeshare. For example, week 32 in apartment ‘Seaview 5’ at the Flamingo Royal resort in Spain.  They would use this dedicated week each year on an ongoing basis.

Over time consumer needs evolved and they were looking for a more flexible product.  Timeshare exchange helped a great deal to meet this aspiration but a product known as ‘floating time’ was also introduced whereby a consumer purchased a week at a particular resort without being fixed to a particular apartment or the same specific week each year.  This form of timeshare purchase was quite popular for a while but is now rarely available.

As owners’ needs evolved still further, their requirements for more flexible holidays and short breaks has seen the emergence of vacation clubs utilising timeshare points (also known as points-systems or points-clubs).

Timeshare-points programs give the owner an annual allocation of points dependent on the level of their ownership.  These points are issued each year and become holiday ‘currency’ which gives owners far greater flexibility on the choice of resort, the time of year and the size of apartment.

Owners request holidays from their scheme operator and the number of points required to take a particular holiday will vary based on a published points chart. The points chart will allow for factors such as:

  • The size, nature, location and popularity of the resort
  • The size of the accommodation
  • The duration of the holiday
  • The popularity of the season
  • The time of year

 

About author

tatoc consumer help

TATOC, the Timeshare Association, is celebrating its 25th anniversary in 2014. The TATOC Consumer Helpline is TATOC's flagship service providing advice, support and information to timeshare owners and the general public. If you have a question about timeshare, don't hesitate to contact the Helpline team.

Related Articles

Address

Physical Address:
Manchester House
84 -86 Princess St
Manchester
United Kingdom
M1 6NG

Registered Address:
Timberley
South Street
Axminster
Devon
EX13 5AD

Contact Details

E: info@tatocconsumerhelpline.eu
T: UK Helpline: 0845 230 2430 or 0345 230 2430

Registered in England no: 08393380

A Company Limited by Guarantee

TATOC Consumer Helpline is a charity registered with the Charity Commission registered no: 1158892

RSS Feed

On Social Media

Visit Us On TwitterVisit Us On Facebook