What Is a Timeshare and What It Isn’t: Real Talk from a Happy Owner of 15

Today, a timeshare isn’t just one thing! The timeshare industry offers various products to match people’s different lifestyles and vacation preferences. There are 9.9 million U.S households (and 22 million worldwide) that own one or more types of timeshares. So, what is a Timeshare Ownership? There are four different types.

A Fixed Week

This type of timeshare ownership means you have the right to use a particular room type a specific week every year. That’s why you’ll see people talk about their timeshare ownership as Week 1 or Week 52.

A Floating Week

A floating week timeshare means that you aren’t guaranteed the same week every year for vacation; you need to call the resort to reserve a room. Some floating ownerships are specific for high season ( AKA Red Weeks) or low season ( AKA White Weeks).

An Allotment of Points

Based on your purchase package, owners receive a set number of points a year that act as currency they can use to make resort reservations within their timeshare chain. The more points you have, the larger the annual maintenance fee and the purchase price is.

Fractional Ownership

The weeks rotate among the owners every year to keep things fair. So one in every four years, we get the coveted Christmas week, which either means a fantastic ski vacation or a big rental check!

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