What is a Timeshare and How They Can Beat Travel Inflation

TIM THOMAS TIM THOMAS Learn more

Despite a seemingly desperate urge to scratch the wanderer itch, inflation is dampening many Americans’ desire to revenge travel after two-plus years of COVID restrictions.

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According to the American Automobile Association (AAA), hotel prices alone have increased about 39%, hitting a record high price.

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Timeshare owners, though, can sit back and relax, knowing they won’t be affected by inflation, because they paid for a lifetime of vacations up-front.

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What is a Timeshare?

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Timeshares are an alternative to purchasing a second vacation home. They allow the security of having a second destination to visit without the large purchase of a house that most families will only stay for a small part of the year and need to maintain on their own.

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The Cost of Timeshares Vs. Hotels

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TIM THOMAS

A hotel stay is, on average, about $137-$172 per night, as reported by AAA. So for an entire week’s vacation, a family of four will spend about $1,200 just on a hotel reservation.

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And the price in most vacation spots has increased thanks to inflation. Timeshare owners that purchased vacation ownership in 2011 at $18,400 have almost broken even by now.

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Besides the initial up-front cost, owners only pay annual maintenance fees, which are $1,120 per year on average, according to the American Resort Development Association (ARDA).

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What is a Timeshare and How They Can Beat Travel Inflation

Despite a seemingly desperate urge to scratch the wanderer itch, inflation is dampening many Americans’ desire to revenge travel after two-plus years of COVID restrictions.

According to the American Automobile Association (AAA), hotel prices alone have increased about 39%, hitting a record high price.

Timeshare owners, though, can sit back and relax, knowing they won’t be affected by inflation, because they paid for a lifetime of vacations up-front.

What is a Timeshare?

Timeshares are an alternative to purchasing a second vacation home. They allow the security of having a second destination to visit without the large purchase of a house that most families will only stay for a small part of the year and need to maintain on their own.

The Cost of Timeshares Vs. Hotels

TIM THOMAS

TIM THOMAS

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A hotel stay is, on average, about $137-$172 per night, as reported by AAA. So for an entire week’s vacation, a family of four will spend about $1,200 just on a hotel reservation.

And the price in most vacation spots has increased thanks to inflation. Timeshare owners that purchased vacation ownership in 2011 at $18,400 have almost broken even by now.

Besides the initial up-front cost, owners only pay annual maintenance fees, which are $1,120 per year on average, according to the American Resort Development Association (ARDA).

Swipe up now to read the full post!

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