Category Archives: timeshares

Best Timeshare Rentals in Hawaii

Posted by on February 22, 2012 No comments

Article Directory :: Travel & Leisure Articles

By Erick Arndt

Once people know I run a large online travel website, they usually ask where the best places to stay are on vacation. They have a vacation coming up and they want to know how to get the best value. Hawaii is invariably on the list of top destinations. I encourage travelers to investigate timeshare rentals for their next vacation. Timeshare rentals offer you more space than a hotel room as well as better amenities like kitchens and Jacuzzi tubs. And most of the time, they are less expensive than hotel rooms. Timeshare rentals offer great value and are popular amongst traveling families but are also a great fit for couples. Here are 3 top rated resorts on the islands of Hawaii. On the island of Kauai, one resort that continues to get great ratings is the Pono Kai Resort. Located on the east coast of the island, members rave about the plush green setting and relaxed atmosphere. You’ll feel like you are a million miles away from home. You’ll also enjoy lots of free amenities like mini-golf, tennis, croquet, and lots of activities for the kids. The food is high quality with prices that are reasonable for Hawaii. When you are talking about the best timeshare rentals on Hawaii or any destination for that matter, the name Marriott Vacation Club always comes up. One of the most popular resorts for Marriott is the Kauai Beach Club. The first thing that will grab your attention is the authentic island feel. The resort is decked out with colorful trees and flowers from the island. Make your way to the back of the resort and you’ll find the biggest pool of any resort in Hawaii with waterfalls and hot tubs to enjoy the weather and scenery. Speaking of scenery, it doesn’t get much better than this. Your scenic landscape is comprised of a beautiful and very clean beach, the gorgeous colors of the ocean and plush green mountains in the background. You’ll find people meditating on the beach. The Marriott Vacation Club is known for having quality service and the Kauai Beach Club is no exception. The attentive staff is friendly and makes you feel at home. For our third and final resort we jump across the Pacific to the island of Hawaii. Some call it the Big Island because of its massive land mass making it the biggest of the Hawaiian Islands. Famous for Kona coffee bean that grows and is roasted on the island, this island places fourth in overall vacation popularity. The King’s Land is a timeshare resort from Hilton Grand Vacations. Hilton Grand Vacations is in the Top 5 for having the most timeshare owner members in the world. The King’s Land is popular for having a fully equipped kitchen and washer / dryer in each unit. If you are lucky enough to grab an oceanfront suite, you’ll enjoy some of the finest views in all of Hawaii. The pool alone is 20,000 square feet of fun featuring 4 waterslides, a lazy river, a whirlpool and a children’s sand beach. Website members rave about the personal touch offered at the King’s Land. Timeshare rentals offer tremendous vacation value for families as well as couples. Not only is there more space but in-unit amenities like full kitchens, washer and dryer, and balconies to enjoy some amazing views. And these timeshare rentals are no exception to that. These timeshare resorts are rated amongst the highest in all of the 8 main islands that comprise Hawaii. They are rated high for service, food, accomodations and overall vacation value. On your next vacation to Hawaii try a timeshare rental for better value and better memories.

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Worldwide Timeshare Complete Management Buy-Out

Posted by on February 22, 2012 No comments

1329880993 63 Worldwide Timeshare Complete Management Buy Out Proudly Sponsored By

Best Exterior Design Grand Solmar Land’s End Resort & Spa, Cabo San Lucas

Best Interior Design Grand Luxxe Nuevo Vallarta

Best Management Company Classic Holidays

Best Marketing Program Corporate Alliance Marketing, Wyndham Vacation Ownership

Best Place To Work Hilton Grand Vacations

Best Project Team Dial An Exchange, North America Office

Best Newcomer Award Tesoro Resorts

Best Individual Sales Professional Suraj Naik, Royal Resorts

Best Individual Marketing Professional Erika Garcia, CEO, Blue Strawberry Resorts

Best Green Initiative Award Hacienda Tres Rios Resort, Spa and Nature Park

Best Innovation Award MAS International Company

Best Media Award Interval International’s Online Community

Best Technology Award Merlin Software

Best Financial Services Award Consumer Finance, Wyndham Vacation Resorts Asia Pacific

Best Developer Partner (Over 50 Employees) CSA Travel Protection

Best Developer Partner (Under 50 Employees) Lloydshare Limited

Best Industry Leader Bruce L. Thompson, CEO, Gold Key/PHR Hotels & Resorts

Entrepreneur of the Year John Spence, Chairman, Karma Royal Group

Best Timeshare Resort Marriott’s Mai Khao Beach Resort

Best Timeshare Unit Marriott’s Mai Khao Beach Resort

Best Fractional Resort Mayakoba Residences

Best Fractional Unit Karma Kandara

Best Timeshare Resort, North America Dawn Beach Club

Best Timeshare Resort, Europe & Middle East Marriott’s Playa Andaluza

Best Timeshare Resort, Asia Pacific Marriott’s Mai Khao Beach Resort

Best Timeshare Resort, South Africa Beacon Island Lifestyle Resort

Best Timeshare Resort, Latin America BlueBay Grand Esmeralda

Best Timeshare Unit, North America Westgate Park City

Best Timeshare Unit, Europe & Middle East Marriott’s Playa Andaluza

Best Timeshare Unit, Asia Pacific Marriott’s Mai Khao Beach Resort

Best Timeshare Unit, South Africa Beacon Island Lifestyle Resort

Best Timeshare Unit, Latin America Grand Velas Riviera Maya

Best Fractional Resort, North America Hyatt Grand Aspen

Best Fractional Resort, Europe & Middle East Heavenly Collection at Golden Sands

Best Fractional Resort, Asia Pacific Karma Kandara

Best Fractional Resort, South Africa Essque Zalu Zanzibar

Best Fractional Resort, Latin America Mayakoba Residences

Best Fractional Unit, North America Mountain Spirit Resort & Spa

Best Fractional Unit, Europe & Middle East Vale d’Oliveiras Quinta Resort

Best Fractional Unit, Asia Pacific Karma Kandara

Best Fractional Unit, South Africa Essque Zalu Zanzibar

Best Fractional Unit, Latin America Mayakoba Residences

Special thanks go to the Judges: Jamie Klein, President, The Lore Institute Sherman Potvin, CEO, Fractional Homes International Tom Goetschius, President & CEO, Tom Goetschius Associates Craig Morganson, CEO, Holiday Systems International And all those who contributed to the nearly 6,000 online votes!

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What is My Timeshare Worth?

Posted by on February 22, 2012 No comments

1329879790 68 What is My Timeshare Worth?

When people first purchase a timeshare, they often feel like they are making an investment in their family’s future. Since timeshares are legally considered pieces of real estate, many first-time owners feel that can only go up in value as time goes on. Unfortunately, this is not the case. Timeshare sales representatives often trick people into thinking that they are investing in a piece of property when they aren’t. The value of the timeshare behaves more like a car than a piece of property, and the only thing that goes up every year is the cost of ownership. This often leads many owners to consider trying to sell their timeshare, but it also leaves many more wondering what their timeshare worth.

The value of a timeshare depends heavily on the perspective of the owner. Many timeshare owner believe that their timeshare is worth a lot when in reality it’s not. The value that a timeshare holds to the person who owns it can vary greatly depending on how they feel about the property. If you’ve spent years building family relationships and memories in the property, then you probably feel that your timeshare is worth quite a bit. Unfortunately, when it comes to what your timeshare is worth on the resale market, these perspectives tend to vary greatly.

In reality, timeshares are only worth what people are willing to pay for them on the resale market. This is often referred to as fair market value. In other words, if you paid $10,000 for a timeshare that you bought five years ago, but the most someone is willing to pay for that property on the resale market is $3000, then the fair market value of your timeshare is going to be around that figure because you simply can’t sell it for more than what people are wiling to pay. You may be able to get more for your timeshare depending on the quality of the property and the resort, but it is still often only going to be a fraction of what you originally paid for the property when you bought it.

Determining what your timeshare is worth can be a tricky process. If you’re trying to sell your timeshare for the first time on your own, you may be expecting to get a lot more for your property and what it’s really worth. In order to get a better idea of what a timeshare is really worth, you have to consult the professionals or do a fair amount of research. Timeshare assessment and timeshare resale companies can usually help you determine what your timeshare is worth and how much you can expect to get for it on the resale market. Since this is often substantially less than what people are expecting, many people choose to just let the professionals handle it for them. Timeshare resale companies can often sell your timeshare quickly for about what it would cost you to sell it on your own, but with far less hassle. Resources like TimeshareSecrets.com can help you get in touch with timeshare resale specialists who can help you determine your options, find out what your timeshare is worth, and help you fid reputable companies who can help you get rid of your timeshare fast.

Once you realize that the value of your timeshare is not what you think may be, you can open doors to get rid of your timeshare quickly, safely, and with as little hassle to you as possible. There’s no need to keep a timeshare you no longer want or can afford. With the help of professionals, you can be rid of your timeshare and the burdensome costs that accompany it once and for all!

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Businesses count SnowGlobe cash; concert divides locals

Posted by on February 21, 2012 No comments

1329838991 22 Businesses count SnowGlobe cash; concert divides locals

By Kathryn Reed

While the South Lake Tahoe City Council was prepared to get an earful from residents Tuesday about the three-day SnowGlobe Music Festival, only 10 people spoke during the public comment session about the concert.

The consensus from those folks is something has to be done about the sound level – the bass and subwoofer in particular. It shook walls and physically agitated people.

Others said this town needs to bring in tourists and that events like SnowGlobe are good for the economy.

Some talked about moving the event off the campus of Lake Tahoe Community College. City officials and promoters considered all open spaces – including Lake Tahoe Airport. With talks about SnowGlobe starting early last spring, that did not allow enough time to work with the FAA to stage the event at the airport.

City officials recognize that area, too, could impact a neighborhood.

The college’s perspective is the event was successful, but that they would work on better trash containment in future years. Trails that locals use had litter on them. The college also wants to ensure the promoters end the event at the time specified.

The South Lake Tahoe Police Department cited the promoters after the second night when the concert ran long.

Representatives from both South Shore chambers of commerce were at the Jan. 3 meeting, saying they will be taking surveys of members and anyone who wants to participate.

South Tahoe Chamber of Commerce is asking people eight questions related to SnowGlobe’s impact on businesses. Anyone may take survey.

The Nevada-based chamber is still putting its survey together.

Here are comments the city has received from area businesses:

• Richard Bennett, manager of Rite Aid, “SnowGlobe saved jobs. Sales were up 15 to 20 percent.”

• Jim Warlow, owner Cork and More, “Very positive impact.”

• Rude Brothers Bagels, “Best sales in 15 years.”

• Tyler Cannon, owner of Sprouts, “Sales hit historic highs for the time period.”

• Ross Stores manager, “Sales were huge.”

• Sno-Flake Drive In, “SnowGlobe brought in a lot of business.”

• Jazz Kat Cafe owner said she stayed open late once she saw SnowGlobers walked right by her door. She saw business at “completely unexpected volumes,” “slammed” and “sold out of items each day.”

• Freshies said sales were “huge.”

• Mike Donavan, MontBleu general manager, reported huge increases in business after 11pm when the after-parties began.

The city has a survey on its website, too. The majority, to date, want to bring the event back.

As for exact numbers, transient occupancy and sales taxes figures for December won’t be available for a while. Those will be the two biggest indicators of how the area did financially. However, extrapolating the direct impact on the economy compared to a year ago when record snowfall brought people to the area will be more difficult.



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Selling Timeshares, Inc. Applauds Unanimous Decision In Florida To Adopt The Timeshare Resale Accountability Act

Posted by on February 21, 2012 No comments

1329816187 17 Selling Timeshares, Inc. Applauds Unanimous Decision In Florida To Adopt The Timeshare Resale Accountability Act

Selling Timeshares, Inc. is excited to announce the Timeshare Resale Accountability Act has been voted in unanimously by lawmakers. Florida timeshare resale scams are put on notice by

Alameda, CA (PRWEB) February 08, 2012

On Tuesday, the Florida Business and Consumer Affairs Subcommittee unanimously voted in the Timeshare Resale Accountability Act, which hopes to reign in the dishonest practices in the timeshare resale industry. Selling Timeshare, Inc., who specializes in WorldMark resale, applauds the decision for many reasons.

An overwhelming amount of scams and unlicensed brokerages operate within this southern state’s borders, with huge increases in complaints year after year. Timeshare owners and buyers have lost literally millions of dollars due to fraud each year. Many of these scams involve owners looking to sell their timeshare quickly, who pay an unlicensed listing agency an upfront fee to advertise their property. An owner looking to sell should never pay upfront fees as the listing agency’s incentive to sell the ownership is effectively gone once their client has paid.

The Timeshare Accountability Act shows that there truly is a problem with timeshare resale in today’s market. This legislation aims to strengthen existing laws in a few different ways, which include toughening penalties for timeshare resellers that:

A.) Misrepresent that a buyer has an interest in purchasing a resale timeshare.B.) Collecting payment until the timeshare owner signs a written agreement for the resale services.C.) Do not honor a cancellation request made within 7 days of signing the agreement or do not pay the refund within 20 days of the cancellation.

Unfortunately, owners won’t see much about upfront fees in the legislation, or the legality of unlicensed advertising agencies, but it is Selling Timeshares, Inc.’s belief that in time we will see government cracking down on even more companies.

Seth Nock, Owner and President of Selling Timeshares, Inc. was quoted saying, “We are seeing companies that promise way over market value for their clients’ ownerships and charge an exorbitant fee just to list, when our licensed agents will list your ownership at no cost, and give you an honest answer on what the ownership is really worth.”

Even with this act’s shortsighted stance, Selling Timeshares, Inc. still applauds the state of Florida for creating these guidelines that will level the playing field for timeshare resale, and allow the honest, service-oriented companies to flourish in the open market.

About Selling Timeshares, Inc.

Selling Timeshares is comprised of a group of Licensed Real Estate Professionals with years of knowledge of the most valuable vacation networks offered in today’s market. They are a full service timeshare resale brokerage that does not charge an upfront fee to sell.

For the original version on PRWeb visit: prweb.com/releases/prweb2012/2/prweb9177422.htm

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Review of Karma Kandara resort

Posted by on February 20, 2012 No comments

1329780199 74 Review of Karma Kandara resort

The Gods must be going crazy… trying to figure out which holiday destination to choose when they come visiting Earth. There is God’s Own Country and then there are a number of Islands of the Gods that they can choose from. If it be so confusing for the Gods, how are we mere mortals to decide?

I was faced with a similar situation a couple of months ago… when Bali – the most popular Island of the Gods beckoned. And, I can’t seem to pinpoint the exact reason for the choice, but it was probably ‘destiny’ that made me pick on Karma Kandara Resorts for experiencing the charms of this hugely popular, yet pristine island.

Abode of the gods

Bali is considered to be the ideal travel destination for honeymooners and surfers. This famous Indonesian island is the exotic backyard for Australian couples and backpackers, and the idyllic, luxury holiday spot for CEOs and heads of state looking to unwind. Bali’s year-long sunshine, tropical weather and unspoiled beaches make it the perfect combination for travellers looking for a beach holiday with a fair bit of culture thrown in, since Bali is also a melting pot of Hindu and Islamic arts and crafts.

Bali is a fairly small island, about one and half times the size of Goa. Within a day you can ‘effectively’ drive around the island. But, this Island of the Gods is getting crowded. With a local population of about 4 million, receiving about 3 million tourists and visitors every year, the roads and beaches can get quite busy. My ride to the resort through thick traffic took over 45 minutes, though the brochure said 25 minutes.

So, finding the right resort is the key to discovering the joys of this island. The best new resorts have come up in the Bukit peninsula of the island. On the map, the Bukit peninsula looks like a droplet of land that has dripped down from the main island. At the Southern-most tip of the peninsula, on a rocky limestone cliff, overlooking the immense azure waters of the Indian Ocean is where the Karma Kandara resort is located.

The resort

When I drive up to the resort, it not hard to see why some of the super luxury brands have set up their properties in this part of Bali. Sparsely populated, but easily accessible, this small outcropping is home to some of the most unspoilt limestone cliffs on the island. And Karma Kandara has one of the most enviable locations on the southern beachline of the Bukit Peninsula.

Karma Resorts’ Kandara property (Kandara in Sanskrit apparently means Holy Place) is located on top of a limestone cliff that soars almost 300 feet above the deep blue waters of the Indian Ocean. Built with local materials and sporting a mix of modern and Balinese architectural styles, the resort manages to remarkably merge with the lush greenery and rocky outposts of the area. There is no dominating ugly concrete structure spoiling the natural beauty of the cliff.

Karma Kandara is a boutique villa resort set over a sprawling area atop the limestone hill. The villas and private residences range from two to five bedroom accommodations. Each of these fully-airconditioned villas feature a private plunge pool, en-suites and large living, dining and kitchen areas stocked with five-star quality amenities, kitchen appliances and furnishings. Genuine local artwork, furniture, in-villa Wi-Fi and high-end home theatre systems, in addition to the usual satellite TV take the quality of the villas to a luxurious new level. Depending on the villa, a private butler and a chef is always on call.

The villas are perfect for families and travel groups or friends and I am told that Karma culinary staff can also put together a cocktail reception or a dinner party at your residence.

I check into the resort and walk up to the edge of the hill top property, where the main infinity pool and the Karma Spa are located and the view of the Ocean is truly spectacular. The setting sun is to my right and the endless blue of the sea merging with the darkening blue of the sky is unfailingly breathtaking.

The beach

Taking the hill tram or the ‘travelator’, I head down the cliff in minutes to reach the private Nammos beach. Soft, powder white sand and crystal clear waters of the lagoon greet me. Unlike the crowded, in some places, dirty beaches of Nusa Dua and Kuta, the beaches in Bukit are desolate, offer sweeping vistas and the best part is the presence of a shallow lagoon between the beach sand and the ocean.

Unbelievably, I was the only person walking on the beach. However, just as I was savouring the moment, I had to retrace my steps since high tide had started to set in. But I returned the next day to snorkel and swim in the lagoon, marvelling all the time at the beautiful ocean life thriving under the clear blue water. To the west of Nammos beach, I am told is one of the prime surfing spots of Bali.

Just at the foot of the cliff, as the beach sands start out to greet the sea is the Nammos Beach Club. During the day, the bar and restaurant serve guests custom cocktails and Mediterranean cuisine. You can lounge in open bamboo huts and cabanas. During the night, the Nammos Beach Club is one of the most rocking party places in Bali.

Living it up

Back up the hill, the Resort’s spacious villas are built like a current interpretation of the classical Balinese garden compound. The villas are set on meandering paths strewn with Bougainvilleas, small fountains and statues of Hindu deities. Hibiscus is considered holy here too and with way the flowers adorned the statues, I was reminded of home in so many of the resort’s quiet pathways.

The part I liked best about the hospitality at the resort was the fact that the staff at Karma Kandara is almost conspicuous by its absence. The upkeep and quality of maintenance of the resort is top notch, but the staff is discreet and manage to straighten and restock my villa even when I thought they couldn’t possibly have.

The resort’s destination restaurants and the full function Spa have been set up on rocky outposts to give guests the feel of being suspended above the waves. Guests can experience local and international cuisine in a luxurious open air setting at the di Mare, where gourmet Asian and Mediterranean cuisine is served. The Veritas wine lounge serves from Karma’s cellar of old and new world wines in an air-conditioned setting with a panoramic view of the Indian Ocean.

The resort is at the southern most tip of Bali, and yet it is fairly easy to access most of the touristy places of Bali within an hour of driving. The Nusa Dua beach, shopping area and watersports are about 20 minutes away, the Bali Safari Park and the Bird Park are about an hour away, as are the stepped rice fields of Seminyak. The famous Uluwatu temple is about 20 minutes away, but the more significant and elaborate Mother Temple of Besakih is about a couple hours by road. The active volcano – Mount Agung – is another famous tourist spot is also about 3 hours by road, but can take longer, just like the trip to the turtle hatchery. Denpasar, one of the most populated towns of Bali is where the airport is located and the cab ride can vary from 20 minutes early in the morning to about an hour during peak hour traffic.

Extending the experience

Unlike the other resorts in Bali, the best part about Karma Kandara is how it is possible to actually continue your love affair with the place, if you so choose. Enjoyed your stay, want to come back again and again, then buy one of the villas under development or buy a fractional interest. The resort has been adding villas over five phases and a few Indian buyers have already invested fully or bought into fractional ownership, where the ownership period is 15 years and you get four weeks per fraction just like in a timeshare. While you can utilise your fractional ownership period by staying at Karma Kandara or any of the other Karma Resort properties around the world, you will also get to sell the ownership at the end of the term and pocket the capital gain.

It is easy to fall for the charms of Karma Kandara. For me it felt like I could have spent an eternity at the beach, with a book in hand, or walking the sands or wading in the warm waters of the Indian Ocean.

At night, I step out onto the villa balcony. With the city lights and the maddening crowds far away, I am greeted by the night sky lit up with a million stars and the only sounds are the chirping of crickets and the ceaseless lapping of the ocean waves far below.

What: Karma Kandara Resort

Where: Bali, Indonesia

How much: From $1,000 for the luxury pool villa to $8,000 for the 5-bedroom Grand Cliff front residence during high season. Prices are about 10 per cent lower during low season.

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Timeshare Marketing Scams

Posted by on February 20, 2012 No comments

1329776589 80 Timeshare Marketing Scams

01/25/12—Timeshare owners across the country are being scammed out of millions of dollars by unscrupulous companies that promise to sell or rent the unsuspecting victims’ timeshares. In the typical scam, timeshare owners receive unexpected or uninvited telephone calls or e-mails from criminals posing as sales representatives for a timeshare resale company. The representative promises a quick sale, often within 60-90 days. The sales representatives often use high-pressure sales tactics to add a sense of urgency to the deal. Some victims have reported that sales representatives pressured them by claiming there was a buyer waiting in the wings, either on the other line or even present in the office.

Timeshare owners who agree to sell are told that they must pay an upfront fee to cover anything from listing and advertising fees to closing costs. Many victims have provided credit cards to pay the fees ranging from a few hundred to a few thousand dollars. Once the fee is paid, timeshare owners report that the company becomes evasive—calls go unanswered, numbers are disconnected, and websites are inaccessible.

In some cases, timeshare owners who have been defrauded by a timeshare sales scheme have been subsequently contacted by an unscrupulous timeshare fraud recovery company as well. The representative from the recovery company promises assistance in recovering money lost in the sales scam. Some recovery companies require an up-front fee for services rendered, while others promise no fees will be paid unless a refund is obtained for the timeshare owner. The IC3 has identified some instances where people involved with the recovery company also have a connection to the resale company, raising the possibility that timeshare owners are being scammed twice by the same people.

If you are contacted by someone offering to sell or rent your timeshare, the IC3 recommends using caution. Listed below are tips you can use to avoid becoming a victim of a timeshare scheme:

  • Be wary if a company asks you for up-front fees to sell or rent your timeshare.
  • Read the fine print of any sales contract or rental agreement provided.
  • Check with the Better Business Bureau to ensure the company is reputable.

To obtain more information on Internet schemes, visit LooksTooGoodToBeTrue.com.

Anyone who believes they have been a victim of this type of scam should promptly report it to the IC3’s website at IC3.gov. The IC3’s complaint database links complaints together to refer them to the appropriate law enforcement agency for case consideration.

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Marriott Vacation Club Owners Featured as February ARDA “Timeshare Fans of the Month”

Posted by on February 20, 2012 No comments

1329772995 92 Marriott Vacation Club Owners Featured as February ARDA “Timeshare Fans of the Month”

Washington (PRWEB) February 07, 2012

Tom and Mindi Davis of San Diego took time during a recent vacation at their Marriott Vacation Club timeshare in Panama City Beach, Florida to share the reasons they bought and vacation with timeshare. Their video and blog is the fourth in a series by the American Resort Development Association (ARDA), showcasing the passion of owners about why vacationing with timeshare is simply a better way to vacation.

The Davis’ decided to purchase their Marriott Vacation Club timeshare after taking a three-night mini vacation at Marriott’s Newport Coast Villas in 2010 with their two children. “From the minute we arrived, it was so relaxing and beautiful,” explains Mindi. “We decided that this would provide a real vacation, giving us the fabulous locations, accommodations and experiences along with the value we couldn’t get with hotel vacations.”

“We aren’t limited to going to the same specific resort each time,” remarks Tom. “We’ve already used our Marriott Vacation Club points for a cruise and intend to travel internationally as well. It gives us the option of doing something completely different each year and it will never get boring!”

With more than 8 million owners, a satisfaction rate of 85 percent and an occupancy rate that outpaced hotel occupancy by more than 20 percent*, it is clear that this segment of the travel industry is faring well. Take the time to find out why. Visit VacationBetter.org for more information.

Next month, look for happy owners from Bluegreen who are passionate about their timeshare. All timeshare fans are invited to tell their story here.

About Timeshare Timeshare and vacation ownership are often used as interchangeable terms. Timeshare may be purchased through deeded property ownership, right-to-use or a points-based program. Owners purchase a villa, usually in one-week increments, within a fixed (same week each year) or “floating” system. Floating time allows the owner to schedule each year’s vacation for the desired week within a specified season. Vacation ownership may also be used to describe the three main options of shared use: timeshare, fractionals, and private residence clubs.

*State of the Vacation Timeshare Industry Study 2011, conducted by Ernst & Young LLP.

The American Resort Development Association (ARDA) is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has almost 1,000 members ranging from privately held firms to publicly traded companies and international corporations with expertise in shared ownership interests in leisure real estate. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC). For more information, visit arda.org or ARDA’s consumer website at VacationBetter.org.

Read the full story at prweb.com/releases/2012/2/prweb9175023.htm

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Systems think — rethinking leadership

Posted by on February 20, 2012 No comments

1329730987 82 Systems think — rethinking leadership

WE previously touched on the need for the co-existence of reward and punishment to ensure that performance management systems deliver the results that are expected of them. In this instalment, we will discuss systemic problems caused by the careless application of benefits in reward systems.

Organisations still have to get out of paternalistic modes of remuneration that pay people according to their social circumstances rather than for their worth. Imagine looking for a car to buy and you find the vehicle you want costs $150,000 at one dealership and  $100,000 across the street, and the rationale that you are given for the price difference is that one dealership is more expensive because the owner has more personal responsibilities compared to the other.

It would be a safe bet to assume that you would purchase your vehicle from the one with the lesser price. Why then do organisations not realise such simple logic when they design their remuneration packages, resulting in two individuals doing the same job and having the same level of output being paid differently?

One does not have to check more than a few top organisations in our environment before being confronted with benefits and perquisites that look more like freebies. Some of these gratuities actually reverse the well-meaning intentions of talent retention strategies.

Employees join organisations to advance their careers and get a return in the form of reward. When an employee’s perspective about the remuneration is such that they feel there exists greener grasslands elsewhere, they pack and go because of this, among other reasons. Human capital executives will forever write detailed reports about why their organisations are battling and have been bruised by defeats in the fight for talent.

I am still to see a handful of Human Capital departments’ reports that mention why individuals stay, particularly those that are not considered to be talent and are rather more like baggage. In a previous article we mentioned the cohort that occupies the Special Projects offices meant for the redundant who are not showing signs of voluntarily leaving anytime soon. Some of these fellows openly state that it will take an earthmover to get them out because they are in the organisation for the long haul. This is more so in the context of the high unemployment rate in our economy.

The very innovative rewards that organisations create to attract talent become the freebies that the non-performers regard as golden egg baskets that they are ready to die for. It is common for organisations to provide benefits such as company-issued vehicles (including the fuel and maintenance thereof), school fees, holiday packages that may include exclusive use of timeshares, among others. All this is done in the well-meaning efforts to attract and retain employees. It is however irrational and self-destructive for a reward system to allow employees to have rights to benefits without spelling out conditions for eligibility.The non-performing, hang-on-till-death fellow reading the miscellaneous columns in the local daily newspaper lounging in the Special Projects office will continue to receive the perquisites identical to those of high performing colleagues if the system is not well-designed. It is important to note that a dynamic rewards system will guarantee employees only one thing, their employee number. As for benefits, these are assessed on performance. Why then should an employee who is currently not performing get access to perks, lest they are a deferred entitlement?

The non-performing employee may not be getting the discretionary variable pay in instances where the pay-for-performance system is efficient and effective. However, the same individual may still get the perks which provide comfort enough to keep them hanging onto the organisation. In any economy, moreso in one like ours, which employee in their right mind would not value getting their children’s fees to private schools paid for, or exclusive golf club membership fees and other keeping-up-with-the-rich-and-famous benefits?

Organisational benefit systems in such scenarios, though acting as talent attraction tools, become the glue that sticks the deadwood to permanent employ until a non-voluntary exit comes up.

It is important to understand that benefits are part of the cost that the organisation pays for human capital as an asset. Some of these benefits are so bizarre to the point that one can only come to the conclusion that they are hardly properly analysed for financial implications at the level of what it costs to have a particular individual on board. I have had an opportunity to analyse the cost of employees’ benefits for a few regional universities.

These institutions offer highly subsidised study benefits for employees’ dependants. In a number of instances, employees had a handful of dependants accessing the study benefit concurrently. The calculated cost of the subsidy that was being funded by the institutions was way above the actual direct financial reward that was being paid to the employee.

Effectively, the individual employees were costing the institutions at least twice what the organisation would ordinarily account for in direct pay in the pocket costs. These scenarios seemed more absurd when these individual employees’ costs to the organisation were compared to their peers at similar levels within the organisation who had fewer or no dependants accessing such benefits. A more common example that obtains across organisations in our economy would relate to medical aid benefits; in respect of how many of an individual employee’s family members are subsidised through the payroll.

From a reward system design perspective, the systemic absurdity can be highlighted by an attempt to provide a rationale as to why any organisation would want to pay two employees of equal status different reward packages, analysed from the perspective of the total cost the organisation pays for each employee. It is important to be mindful of the very fact that some of these benefits are ordinarily linked to individual employees’ social status, including size of family, among other factors. Does the number of children that an employee has have anything to do with the level of reward the organisation has to pay him or her, particularly focusing on the fairness of reward between two employees of equal worth?

An organisation has two choices in deciding on how to deal with benefits, either to continue with benefits that attain according to individual’s differing personal social circumstances or to pay equitable reward for all employees of equal worth. Equitable reward principles would entail that employees at the same level would get equal reward for equal work; as dictated by the principle of fair pay. The design of equitable reward systems that take cognisance of how much it costs an organisation in totality to employ an individual will be discussed in future instalments.

Should an organisation opt to have those benefits that obtain according to an individual’s differing personal social circumstances and wish to continue with such a reward system for any acceptable reason, then the reward system should be designed to counter lifetime entitlements that do not assume permanent entitlement. The reward system design should have a qualifying criteria based on factors other than just rank and grade, but with added factors such as assessed performance levels.

It would be reasonable to state that human capital assets units (individual persons) should be rewarded for what they are worth in line with internal and external equity.

Sam Hlabati, SPHR®, GRP®, CCP®; specialises in Systems Thinking and Reward Management. He holds an MBA in Systems Thinking. You can join the discussion through email on This e-mail address is being protected from spambots. You need JavaScript enabled to view it and follow on twitter @samhlabati.

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What Is A Worldwide Timeshare?

Posted by on February 18, 2012 No comments

1329603787 68 What Is A Worldwide Timeshare?by Miles VitnarA lot of people have heard the term “worldwide timeshare” but don’t necessarily know what it is. The property can be in any part of the world and may be a static location, or, you can own shares in some timeshares that allow you to visit various locations for the week/s you own.

One of the most common ways to become familiar with timeshares is via a timeshare promotion. You are often aware of these because of an invitation to attend a presentation and get a free gift just for going. You can of course attend just for the free gift if you don’t mind being subjected to a really heavy sales pitch, possible for the whole day! But if you are genuinely interested, this is a good place to start your search.

On the positive side, you might get a heavily discounted trip to the resort or resorts of your choice. One tip I would suggest is to stay tee total while you are with the sales team (which may be most of the day) as you really need to keep your wits about you. Too much alcohol makes you too easily pliable! Be on your guard for the usual tricks and hard luck stories as well.

On the downside, if you need finance for your worldwide timeshare, firstly think carefully whether you can actually afford one given the current economic climate and the on-going costs such as management and maintenance fees. Secondly, don’t be swayed into accepting the timeshare financing options offered to you by the timeshare companies as these are rarely the best option.

You could also purchase a second-hand property and if you do your research, I’m sure you will find a good bargain. These may be on sale via the resorts themselves, by the owners themselves and through timeshare brokers.

The main benefit of owning a timeshare is that you have your family vacation sorted for years to come. If you buy a static worldwide timeshare, you will know exactly what to expect when you get there, know what to do and where to do it. If you think you might get bored with this, buy a week in a timeshare exchange program so you can swop the location around a bit.

The downside of owning a worldwide timeshare is that you must never think of it as a monetary investment. It simply is not. In truth, you will find a timeshare quite difficult to sell unless it is in a highly sort after location. What it is, is an investment in your future vacations so if you think of it as such, you won’t go far wrong.

To summarise, owning a worldwide timeshare is a great way to secure your future holidays. You buy a week or weeks that you take every year for as long as you own that share. Joining a timeshare exchange program will allow you to vary your holiday location more. Think carefully about what you need from your vacations and do your research before you decide whether a timeshare is for you.

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