Timeshare has become integral segment of the travel and leisure industry with many leading hotel brands now offering it as an ideal way of providing their existing customers with more choice, attracting and retaining new customers and providing an opportunity to improve their business performance.
Consumers satisfaction in timeshare is significant with over 7.2 million families enjoying holidays at 6,400 resorts worldwide.
There are variety of ways that timeshare can be purchases throughout the world. In essence, when a consumer buys a timeshare they are purchasing their future holidays and leisure time. This involves a purchase fee which will vary depending on the standard of accommodation, its location, the length of the scheme and the services available. In Addition to this an annual maintenance fee is payable to cover the upkeep and ongoing management of the resort in which they have purchased their timeshare.
In its infancy, timeshare was sold simply as a fixed week (7 days) in a apartment at a particular resort. However, through consumer demand for more flexibility, the product has become increasingly sophisticated and now provides consumers with a variety of product offerings including fixed weeks, points, floating time, split weeks and usage on alternate years.
Global Federal Trust role works at various levels and supports timeshare businesses by improving sales performance, reducing administration costs and supporting the ongoing management of the resort.
Global Federal Trust provide ideal structures to facilitate timeshare products and provide both developers and consumers with wide range of services.