Perennial Vacation Club (2024)

FAQs

What is the difference between vacation club and timeshare? ›

“The main difference between a timeshare and a vacation club or membership is that a timeshare is usually for a specific destination whereas a vacation club is for any destination that brand has a property,” said Kendall Meade certified financial planner at SoFi.

About Us. Wyndham Destinations^® is the largest vacation ownership business, with more than 245 vacation club resort locations across the globe that provide a contemporary take on the timeshare.

A vacation club is a membership-based travel service that offers members access to various vacation destinations, accommodations, and attractions within a network of affiliated resorts or properties. Vacation clubs are popular timeshare alternatives for travelers who want access to various destinations and experiences.

A vacation club membership is a vacation ownership program that allows its members access a group of vacation properties within a brand's network of resorts to reserve, plan, and take their future vacations. Search For Vacation Club Resales. Learn More.

Vacation Club Cons

Be Aware of the Costs – When you buy into a vacation club, there is the upfront cost but there are also annual dues and fees that have to be maintained. Buying resale can save you thousands upfront, but the yearly fees are determined by the developers.

To join a vacation club, you have to pay an initial membership fee which can be expensive. Membership fees can range anywhere between $5,000 to $30,000. For a luxury membership, it can range anywhere between $100,000 to $1 million.

Wyndham Destinations, headquartered in Orlando, Florida, is the largest vacation ownership program in the world. It includes a network of more than 245 properties, 25,000 individual units, and over 867,000 property owners. Locations are in North America, the Caribbean, and the South Pacific.

Costs vary based on the size of the vacation home and duration of the stay. According to Hilton, the average purchase price for a new buyer is roughly $22,000. ARDA says the average cost of a timeshare that a buyer can use for one week a year is $24,140.

About Westgate Resorts

Westgate Resorts is the largest privately held timeshare company in the world and one of the largest resort developers in the United States.

The Inspirato Pass is a high-end travel subscription model that allows members to book a seemingly unlimited number of vacations or stays for a monthly subscription fee of $2,500 a month, or $30,000 per year (transportation and incidental costs and trip specifics are not included).

Can you write off vacation club? ›

The timeshare cost is tax deductible as it is considered a second home. Interest on a mortgage or loan used to purchase a timeshare is tax-deductible. Property taxes paid on the timeshare are tax deductible. Renting out your timeshare.

Hilton Grand Vacations completed its acquisition of Bluegreen Vacations, the vacation ownership company announced Wednesday. The $1.5 billion all-cash transaction adds roughly 200,000 new members and 14 new markets to HGV's portfolio.

But unlike traditional timeshares, where owners commit to one property and sometimes specific dates each year, Disney Vacation Club owners buy points which can be redeemed across any eligible resorts — as well as for other types of trips around the world.

Try a timeshare deed-back

It's a legal, low-cost way to give the property back to the resort. However, not all resorts and timeshare developers offer this option, and you may have to be in good standing with the resort to qualify for the program.

Vacation club accounts are a flexible way to keep the money you want to earmark for vacation separate from your other accounts to reduce the temptation to spend money you've set aside for travel and leisure.

Each timeshare developer differs, but if you stopped paying your fees, it may be written in the contract that they have the right to take legal action against you, resulting in possible foreclosure of your timeshare ownership.