If timeshare is so good, – Then why all the bad publicity?

For many of the 6.7 million Timeshare owners, the purchase of a Timeshare unit represents a wise investment in their future holidays. High quality accommodation, high levels of flexibility, almost limitless choice of location and unquestionable value for money make this holiday system a firm favorite with holidaymakers around the world.
People aren't really complaining about Timeshare scams, as they are confusing the regulated and established Timeshare system with the shady world of the Holiday Pack or Discount Holiday Club.
Nowadays, with industry regulations in place - codes of ethics, cooling-off periods and official trade bodies monitoring business practice - customers can buy a Timeshare, safe in the knowledge that their investment is sound and that they are buying into a bona fide holiday system.
If developers are building good quality resorts, and customers are getting a flexible holiday product that represents true value for money, what then is the problem? Why are so many people complaining about Timeshare scams? The answer is they’re not complaining about Timeshare scams, as they are confusing the regulated and well established Timeshare system with the shady world of the Holiday Pack or Discount Holiday Club.
In order to build a Timeshare resort that is good enough to become affiliated into one of the exchange companies, developers must work to the highest standards. First-rate building quality, stylish décor, state-of-the-art equipment and excellent facilities are all factors that must be taken into consideration and which do not come cheap.

 

THE HOLIDAY PACK

If a developer or marketer does not have this capital to start with, how can they get their hands on a product to sell to the holidaymaking public? It’s simple - they conjure one out of thin air. Often taking the form of a Holiday Pack, this usually worthless product claims to secure owners a lifetime of luxury holidays.
So far so good, all that is needed now is an office and a glossy brochure – a whole lot cheaper than developing a luxury Timeshare resort.
Next comes the problem of marketing. How do you compete with the luxury bricks and mortar of a genuine Timeshare resort? Again the answer is simple – you create scare stories to try and discredit your competitors:
• Maintenance fees are going to spiral in the future
• New taxes imposed on owners next year
•Difficult to arrange exchanges through the exchange companies so owners often have to return to the same resort always
• Timeshare resorts regularly go bust so a Timeshare owner could lose their property
• Inheritance tax that will become a burden to an owner’s children
In fact a Holiday Pack marketer depends on their ability to rubbish the Timeshare system and this tactic has helped to fuel an unfounded but negative view of genuine Timeshare.
There is a distinct difference between the unscrupulous Holiday Pack scammers and the established, mainstream Timeshare industry. 6.7 million owners can’t be wrong – Timeshare has been around for years and, despite the adverse publicity generated by the conmen of the pack products, it is here to stay.
Over the past 3 years ITRA has invested in seeking financial restitution on behalf of timeshare owners, past and present who maintain and believe that they have been fraudulently misrepresented by various organisations in respect of the purchase and
ongoing use of their timeshare so as to render it virtually valueless and untenable.
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