FAQ
What is a luxury travel membership club?
It's a great concept in vacationing that allows you the traveler a lifetime (or membership) access to a registry of luxury resorts.
From top-rated golf courses to bungalows overlooking the ocean, a travel club allows its members access to this premium way of vacationing.
The ideal traveler: If you enjoy staying at luxurious resorts all over the world and you like the flexibility that travel clubs offer without all the limitations and hassles timeshares bring, then a travel club may be right for you.
What is a private residence club?
A private residence club is an ownership in a fractional real estate development. This is similar to a timeshare, however a private residence club offers quite a bit more in terms of services. This of course comes with a much heftier price tag.
Unlike most timeshares, a PRC is usually one specific location, whereas most timeshares offers owners a multitude of properties.
The ideal traveler: If you enjoy higher-end residences and supreme concierge services and you like to vacation at the same place year after year, then a private residence club may be right for you as long as you can afford the higher price tag.
What is a timeshare?
A timeshare can consist of one specific property or many properties in a network all over the world. Just like a private residence club, you buy into a share of real estate.
The ideal traveler: If you like the idea of owning a timeshare, and you actually use your timeshare year after year to justify the fees.
Re-Cap: Private Residence Club(PRC) vs Timeshare vs Travel Membership Club
Both private residence clubs and timeshares are essentially buying into a share of real estate. A PRC is a fractional, vacation real estate development owned by members. Each member owns a fraction usually ranging up to 12 owners.
Private residences offer quite a bit more than a timeshare. For example, you'll get a higher level of care and services with private residences.
This includes top-notch concierge services, higher-end furniture, and upper scale residences. With such services comes a much higher price tag.
A timeshare is the ownership of a specific week. A timeshare can consist of one specific property or many properties in a network all over the world.
A travel membership club allows you to stay in luxury resorts without having to worry about property ownership. There aren't the limitations that are common with timeshares.
