comparison of vacation ownership amenities with hotel and resort amenities
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Comparison of vacation ownership amenities with hotel and resort amenities
MUHAMED ALIfb/ ALI PARAMBILwatsapp/ 9037875711
What is vacation ownershipA timeshare is a form of ownership or right to the
use of a property, or the term used to describe such properties.
These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property.
Units may be on a part-ownership or lease/"right to use" basis, in which the sharer holds no claim to ownership of the property
Concept of Vacation Ownership Timesharing = the act of sharing vacation time at
a luxurious resort facilityTimeshare consumer purchases the right to
occupy a vacation-type home/unit for a set period of weeks
Home-type unit but no day to day maintenance usually associated with home ownership
Resort offers high quality recreational and leisure services
How does it work?Under a vacation ownership plan you agree to one
time purchase price and an annual maintenance fee & become a member in it.
Vacation ownership purchaser s own their accommodation time and purchase the right to use it for a specified number of years.
Some of these operate on a " points " system where you can book vacations in different location.
Multiple investors hold right to the property, being allotted a period of in which they may use it.
HistoryThe notion of the term "time-share" was
originally created in Europe in the 1960s. Hapimag, a ski resort developer in the
French Alps, was experiencing trouble finding customers for his high priced resort
He marketed his resort by encouraging guests to "stop renting a room" and, instead, "buy the hotel". Success followed and the concept of partial ownership was embraced by developers worldwide,
Due to the promise of exchange, these units, called "vacation ownership" by the industry, often sell regardless of their deeded
If one is in Hawaii or Southern California it will exchange extremely well; however, those areas are some of the most expensive in the world, subject to demand typical of a highly trafficked vacation area.
The vast majority of inventory flows briskly through two international exchange companies:
RCI (Resorts Condominium International) and Interval International
In India the concept arrived quite late The time she concept in India was introduced
by Dalmia resort in 1985
Owners can Use their usage timeshare:
Rent out their owned usageGive it as a giftDonate it to a charityExchange internally within the same resort or
resort groupExchange externally into thousands of other
resortsSell it either through traditional advertising,
online advertising or by using a licensed broker
What is amenities? Amenities define a hotel or resort. The
selection or offering of amenities at a resort is a competitive tool, helping properties to differentiate themselves against their competition
Vallen and Vallen (2005) define amenities as ‘ any extra product or service found in the hotel: a swimming pool, concierge desk, health spa, and so on ’ .
Comparison of vacation ownership amenities with hotel & resort amenitiesDr Betsy Bender SringamA study on comparison of vacation ownership
amenities with hotel and resort amenitiesThe study evaluated ‘VO’ resorts at North
and South Carolina & compared with the amenities of the hotel through out the USA & resort hotels in USA
Timeshare and vacation ownership resort amenitiesAmenity Percentage of
resorts (%)24 hour Front desk
42
Concierge 42
Newspaper delivery to door
20
Laundry and dry cleaning service
47
Covered parking 36
Movie theatre 4
Live entertainment
22
On site DVD rentals
38
Game room 47
Video game equipment
18
Wifi common areas
58
Amenity Percentage of resorts
Internet access in units
46
Is there a fee for use?*
28
Owner use computer in unit
13
Is there a fee for use?*
57
Business resource room with Computer
31
Convenience store
40
Poolside food and beverage service
35
Alcohol service**
68
Table service restaurant
24
Comparison of amenities b/w vacation ownership, hotels, resorts
Amenity ‘VO’(%) All hotels All resortsConcierge 42 24 58
Newspapers delivered to door
20 83 76
Laundry and dry cleaning service
47 75 68
Staffed health spa
31 11 34
Gyms or exercise rooms
55 75 69
In room exercise equipment
18 10 9
Indoor swimming pool
55 42 21
Outdoor swimming pool
82 49 87
Golf course 35 3 11
Day care center 13 9 26
Cont…Amenity ‘VO’(%) All hotels All resorts
Children’s activities
62 17 39
Live entertainment
22 14 35
Internet access in units
46 89 82
Fee for internet 28 18 36
Business resource room
31 59 52
Plasma/fl at television’s
9 12 19
DVD player in unit
76 12 23
Video game equipment
35 39 41
Food and beverage outlet
64 NA 62
Comparison of vacation ownership amenities with hotelGuest/Owner Characteristics In terms of activities, skiing, golf,
sightseeing and beach/waterfront activities are more important to timeshare owners while entertainment, shopping and dining are more important to hotel guests.
General service amenities50% of the VO offered full services42% VO operated front desc 24 hours42% offered concierge service
Recreation & fitnes amenities
Almost all VO having swimming pool82% having Out door pools ,54% indoor pools54% having Gym facilitiesProviding golf course than hotels
VO Providing more amenities in the areas of
recreational and fitness such as:• Swimming pool, Excise room, Health spa• Gym, tennis courts, Golf courses, Fishing• Play ground, children activities
Children amenitiesOnsite children activities50 % have play groundsDay care centers, Hotels also providing
Internet46 % VO Internet facility89 % Hotels 82% Resorts
Hotels and resorts were likely offer services
demanded for business traveler than VOHotels & resorts have a mixture of leisure
and business travelersVO usage is almost exclusively leisure travelVO provides recreational amenities than
hotelsThe amenity offering vary between VO, and
place to place
Major brands (International) Major brands now involved in timeshare
internationally include HiltonHyattFour SeasonsSheratonRamada De Vere.
Mahindra Holidays & Resorts India
Goa Varca Beach Emerald Palm
Gujarat Gir
Rajasthan Jaisalmer Navalgarh Udaipur Kumbhalgarh
Maharashtra Tungi Mahabaleshwar
Himachal Pradesh Dharamshala Manali Shimla Kandaghat
Uttarakhand Binsar Villa Binsar Valley Corbett Mussoorie Naukuchiatal Kanatal
Karnataka Coorg Virajpet
Kerala Ashtamudi Cherai Kumarakom Munnar Poovar Thekkady
Tamil Nadu Ooty Kodaikanal Puducherry Yercaud Masinagudi Swami Malai
Gangtok
Sterling HolidaysResortss
Sterling Holidays Ooty - Fern HillSterling Holidays Ooty - Elk HillSterling Holidays Kodai - By The LakeSterling Holidays Kodai - Valley ViewSterling Holidays Munnar - Terrace Greens
Sterling Holidays Yercaud - Rock PerchSterling Holidays Puri - Golden SandsSterling Holidays Darjeeling - Silver OaksSterling Holidays Mussoorie - Pine HillSterling Holidays Manali - White MistSterling Holidays Thekkady - Woods n’ SpiceSterling Holidays Karwar - Emerald BaySterling Holidays Goa - Villagio InnSterling Holidays Gangtok - Delisso AbodeSterling Holidays Yelagiri - MariGold RidgeSterling Holidays Lonavala - Under the OverSterling Holidays Goa - Club EstadiaSterling Holidays Corbet - The Riverview RetreatSterling Holidays Dharamsala - The Sanctuary
THANK YOU
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