My Holiday Club Membership
Strong variety and diversity of destinations and residences types (resort and stand-alone)
Availability to travel throughout the year (not locked into specific week or weeks)
Access to high end, private residences, including larger 4 to 6 bedroom ones, that you couldn’t get otherwise
Customized concierge service offering to plan trips before and during your stay
Time Share
Time share companies will not allow you to travel on your time , but as a My Holiday Club membership give you full freedom to choose your holiday at any time.
Time share companies will not be flexible on dates. You will land up in paying a huge amount before using the service. There is annual maintenance if don’t use the service also.
Courtesy to the Hindu National daily
The resort in which you have bought your week is called your Home Resort. You are entitled to spend that particular week, say from the first Saturday in February, in your home resort for as many years as you have paid for. Nowadays the normal period is 25 years. In other words, your single investment will give you a week's vacation accommodation, every year, in your home resort, for the next quarter of a century.
Most people, however, do not want to spend their vacation at the same resort at the same time for two-and-a-half decades. They seek variety. This is the real essence of Timeshare.
If your home resort belongs to a Timeshare exchange organisation, then you have the option of banking your Timeshare week with the organisation and exchanging it for a week in another Timeshare resort.
Things become a little more complex now. Whenever a week is deposited in the spacebank, the exchange organisation gives it a value known as its Trading Power. This is calculated on five factors : supply and demand, the greater the demand for your week, the more its Trading Power; the resort's quality rating, based on holiday questionnaires filled in by those who have vacationed there; the size of the accommodation and how much privacy it gives to its occupants; your "Red," "White" or "Blue" holiday time band; and how early the accommodation has been banked;