Brief History of Timeshare Companies

Posted by admin on January 28, 2012 Leave a comment (0) Go to comments

1327714154 36 Brief History of Timeshare Companies

Jan 12th, 2012 | Written by S. Thompson | Posted in Travel |

We often hear about timeshare companies but do we actually know where it came from? Apparently, this industry had its roots in Europe in 1960s. Specifically France and Switzerland had two companies that started the first vacation ownership offerings for travelers as well as tourists. In the mid 1960s, the French company offered time sharing products in the resort called Devoluy. On the other hand, the company in Switzerland was founded early 1960’s which expanded to Spain and Italy. In Fact, that company, Hapimag is still successful in the business and is actually the forefront of the timeshare market.

Where else are the best timeshares to own?

Aside from Europe, the Vacation Internationale in the US also started the same venture. At this time, they introduced the point system in order to offer greater vacation options to owners. The more points you have, the greater your opportunity to have flexible vacation package. In addition, the points can also be claimed in any resorts offered by the company. In the US, Florida was the first state to embrace timeshare developments in 1970’s.

Timeshare Exchange Companies

In the year 1974, the Resort Condominiums International or commonly known as RCI was founded. This renowned exchange company offers timeshare owners the chance to exchange holiday weeks with resorts from other companies. This means, once a member here, you have a more flexible holiday options and a wide variety of resorts to choose from. This is the best way to visit other place for less.

Continued Development

Due to the great offer of timeshare industry, it continues to rise. In fact, it is all over the world from Europe to Asia. At present, resorts still are being built and opened. List of major hotel companies like Sheraton, Ramada, Hilton, Disney, Four Seasons, Ritz-Carlton, Radisson and Westin are now offering timeshare properties because they see this blooming industry. This is actually a good investment because there are legal organizations that regulate the industry.

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