Have you ever wondered about the differences between a timeshare and a hotel? If so, we have you covered! Although they may appear similar, the two have some distinct differences. Hotels are booked on a singular basis, whereas timeshares offer long-term memberships. When it comes to timeshare vs hotel, there’s not one right answer. However, we can help you decide which is right for you! Continue reading to learn more about timeshares vs hotels.
What is a Timeshare?
Before we can compare timeshares vs. hotels, it’s essential to discuss what a timeshare is. Simply put, a timeshare, also known as vacation ownership, is a vacation property or unit that owners can use for a certain amount each year. The time each owner can use a timeshare is usually a week but may vary by developer or resort. Most timeshares are operated by timeshare companies like Hilton Grand Vacations, Marriott Vacation Club, Wyndham Destinations, and others.
As a side note, when purchasing a timeshare, it’s vital to acknowledge that each vacation property requires annual maintenance fees to help keep the property looking clean and up-to-date.
Timeshare vs Hotel
Are you considering buying a timeshare or booking a hotel for your next getaway? Below, we have outlined the pros and cons of timeshares and hotels so you can make the right decision. We’ll consider the differences in accommodation, value, amenities, etc. Hotels are considered a more accessible option for booking vacations, but timeshares are a worthy competitor when you weigh out all they offer.
With hotels, you book a room for a single period. Becoming a timeshare owner means gaining priority access to your favorite resort. This means the resort you purchase a timeshare at. In essence, you own property under a time-sharing agreement. So, you could own a specific week at a timeshare resort, and every year, you have a guaranteed spot at the resort for that week. Alternatively, you can own timeshare points, which work like your “vacation currency” within your vacation ownership club. So, essentially, you can travel when, where and how you want. You can use timeshare points at multiple resorts within your club’s portfolio at any time of year. Spend, borrow, and bank for ultimate flexibility.
Timeshare vs Hotel: Accommodations
Of course, most hotel accommodations include a bathroom, a bed and a microwave, depending on where you stay. A timeshare, however, provides more luxurious accommodations. Many timeshares have whirlpool bathtubs, private balconies, in-unit kitchens, separate living spaces, and locking bedroom doors. Did you know the average timeshare suite is 3x larger than the average hotel room? That’s a lot of space! Imagine having your very own vacation condo waiting for you every year. Of course, it sounds ideal if you ask us! Some units, also known as as lock-offs, which means you can completely close off one side of your unit for privacy. If you like having a separate living and dining room, tons of extra space, and plenty of additional bonuses to make your room comfier, timeshares might be for you.
Timeshare vs Hotel: Amenities
A significant difference between timeshare and hotels is the amenities. While developers design hotels and timeshares with vacationers in mind, timeshares go above and beyond. Amenities at timeshare resorts typically include in-and-outdoor pools, golf courses, excursions, fine dining, concierge services, casinos, snow and water sports, waterslides, night entertainment, and proximity to amusement parks. The amenities make the difference for many timeshare owners. They enjoy the ease of access to spas and dining right on-site. Owners who buy a timeshare enjoy these benefits year after year.
Moreover, when you become a timeshare owner, you’ll have the opportunity to join a vacation club and improve your vacation experiences.
Vacation Club Membership
Vacation clubs offer unique benefits; they all allow you to book a stay at a resort from one of the most luxurious resort brands. To become part of a vacation club, owners must own a timeshare with a vacation club and pay membership fees. So, for a timeshare vs hotel difference, timeshares offer owners club membership opportunities.
Typically, owners with a vacation club membership can enjoy an extensive list of membership perks. Vacation club members can relish priority booking, be notified when deals are happening, and, often, discount rates on merchandise and dining.
It’s important to note that not all timeshare owners are automatically enrolled in a vacation club despite each brand having its own guidelines. However, if you join a vacation club, you can access incredible benefits such as discounted rates for accommodations and excursions within the club’s network.
Vacation Clubs
Below are a list of some of the best vacation clubs available:
Next, let’s dive into the timeshare ownership options.
Types of Timeshare Ownership vs One Time Hotel Stay
The timeshare industry is an ever-evolving market, offering numerous vacation ownership options for folks. Understanding the types of timeshares can help determine if buying one is correct. Unlike hotels that generally include one bedroom and a one-time stay, a timeshare provides extra space while permitting you to take an annual vacation in some of the most sought-after destinations. Moreover, here are the most common types of timeshares:
Deeded Timeshare
A deeded week timeshare means that the owner gets a deed for their week and owns it. It permits owners to sell, rent out, and give away their timeshare. When you’re not using your deeded week timeshare, renting it out can earn some extra income, and you can also put the money towards your annual maintenance fees. Moreover, it is important to know that timeshares rarely appreciate in value. If you decide to sell your timeshare, it’s vital to understand that you may not get the initial purchase price for which you paid for.
Right To Use Timeshare
Timeshares without a deed are known as right-to-use (RTU) timeshares. The owner has a contract that specifies how long they have the right to use the property. Most right-to-use leases expire after 30-99 years, depending on what is described in the original agreement. Owners of a right-to-use timeshare can sell their ownership on the resale market.
Leasehold Timeshare
Leasehold timeshares are unique as they aren’t owned in perpetuity and have a specific expiration date. However, they hold the same benefits and rights as other timeshare ownership types. A prime example of a leasehold timeshare is the Disney Vacation Club.
Now, let’s dive into the Benefits of Timeshare Ownership vs Hotel
Benefits of Timeshare Ownership vs Hotel
Benefits of timeshare ownership vary between timeshare companies, vacation clubs, as well as timeshare properties. However, timeshare owners can enjoy guaranteed annual vacations in sought-after vacation destinations.
Timeshares also provide guests with spacious and luxurious accommodations as opposed to a singular room in a hotel. Additional perks include top-notch amenities, on-site dining, and opportunities to join vacation clubs.
So, if you’re ready to start your enhanced vacation experiences, consider purchasing a timeshare with Timeshares Only.
Buy a Timeshare With Timeshares Only
You can quickly evaluate the cost of timeshare vs. hotel on each of our timeshare postings. For assistance, contact us at [email protected] or give us a call at 1-800-610-2734. Of course, looking at the cost of a timeshare vs a hotel is critical to making the right decision for your vacations. Some people see timeshares as a luxury item, but when you buy on the resale market, you can find many reasonably priced options for your budget. Not to mention, timeshares save families money over time.
So, to enhance your vacation experiences, consider purchasing a timeshare today! You can browse our marketplace to find timeshares in popular vacation destinations.
