Top Brand Name Timeshare Clubs
Hilton, one of the top brand name timeshare clubs, just opened a new property. The headline for an article in the Pacific Business News pronounced…
“New Hilton timeshare property in Hawaii already at 99% occupancy”
It went on to explain that the 38-story timeshare property by Hilton Grand Vacations reached that 99% within two weeks of opening on Waikiki Beach in Honolulu, Hawaii.
The 418 units are a mix of one, two and 3 bedrooms and range in price from $40,000 to $400,000 per week according to George Szigeti, president and CEO of the Hawaii Tourism Authority.
With 418 timeshare units just now on the market, and with each condo being sold for 50 weeks of the year, the total number of weeks to be sold is roughly 20,000. With the Hilton Grand Islander just opening and with such a hefty price tag, you’d think that there would be plenty of availability for those of us who’d like to exchange. So how is it that the occupancy has reached 99% so quickly?
The Challenge with Exchanging into Top Brand Name Timeshare Clubs
The major timeshare developers such as Hilton, Marriott, Starwood, Hyatt, Disney, Wyndham and Diamond are all club based. The attraction for the consumer is they do not need to go through RCI or Interval International to exchange their week to one of the other club properties. Much of the available club inventory is kept within the club for the members with a lesser amount being deposited with RCI or Interval International.
The benefits of owning in one of the top brand name timeshare clubs is that the members have priority reservations, reduced exchange fees and consistent quality. Those of you that don’t own in one of the top brand name timeshare clubs and have exchanged with RCI or Interval International know how greatly the quality can vary between resorts.
Is 99% Occupancy in Just 2 Weeks Unusual?
While 99% occupancy is very high, even in top name brand name timeshare clubs, it’s not unusual for a new club timeshare to be over 90%. The club members will have been receiving newsletter updates for many months prior to the grand opening and have already made their reservations. Throw in the fact that the Hilton Grand Islander is in Hawaii and it’s no surprise they reached capacity so quickly.
Timeshare properties in Hawaii as a whole had 90 percent occupancy in 2016, with 46 percent of customers traveling from Japan, 45 percent from the Mainland and 9 percent from other international markets.
What if You Don’t Own Top Brand NameTimeshare Clubs?
There are 4 reasons that timeshare clubs in general, and top name brand timeshare clubs in particular, are so difficult to exchange to:
1. Clubs deposit a smaller amount of their weeks with RCI and Interval International. For the most part, the only time a week is deposited with RCI or II is when a club member wants to exchange out of their club system to a resort destination the club doesn’t have.
2. Their quality is superior and timeshare exchangers know it.
3. Top brand name timeshare clubs are in all of the best vacation destinations.
4. Consumers pay top dollar and top maintenance fees for their ownership. Would you exchange a week you paid $60,000 for to another destination very often if ever?
These 4 reasons are why a studio unit in the new Hilton Grand Islander starts at $40,000 per week and exchanging your timeshare to one of them is so hard. Hard but not impossible.
Exchanging into top rated resorts and/or peak season is extremely difficult today, unless you have spent a small fortune to be a member in one of the handful of top brand name timeshare resorts. Even the elite can have difficulty in getting the exchange they most desire without guidance, and members in small guy resorts need every advantage they can get.
There are many things any timeshare member can do to either enhance or destroy their exchange power with RCI or Interval International.
I’ve put together a Timeshare Exchange Checklist with 7 tips that will get you on the road to getting better timeshare exchanges regardless if you own a brand name or no name timeshare.
The most important thing is to get started right away implementing my tips. Waiting to do any of these is death in the timeshare exchange world.
Get the Timeshare Exchange Checklist Here and we’ll talk later on what you can do to become a master at exchanging. But one thing at a time.
Start with this now and expect more goodness soon.
https://thetimeshareexpert.com All of the latest information on exchanging your timeshare in RCI and Interval International. Get tips and inside secrets to exchanging your timeshare, resort reviews, travel tips and more.