The timeshare industry is on the rise in Mexico. According to The Economist, a 20% growth increase across the country in 2014 is estimated to exceed last year's earnings of $3.1 billion.
To help you better all that the industry offers, Adeprotur shares the different types of timeshare arrangements:
• Week and Fixed Unit
Just like buying a house, the buyer enters into a contract that allows for the use of a condo for a week every year. This includes the tax benefit of ownership and the right to participate in development administration. The holiday interval can be rented, sold or exchanged by the owner.
• Right to Use
This method has gained great popularity in recent years and has become the most commonly used type in large tourist developments. It works like a vacation club membership (usually with a range of 5 to 20 years) and the buyer gets the right to use one or more developments. When the contract expires, the rights back to the developer.
• Fractional Ownership
Allows the customer to buy a larger quantity of weeks, for a lower cost. This method is popular in beach resort developments.
• Units with Lock-off or Lockout
Allows the buyer to take the vacation on a yearly basis or to bank those weeks to use at a later date. It can be rented or exchanged.
• Vacation Clubs
Members buy a vacation club points which are used as currency to access various affiliate developments. The required number of points is constantly changing due to the demands of shareholders for the type of suite, the season of use and the location of development. These contracts fail to be the most extensive, offering a right to use for up to 99 years.
• Split Week
Allows the buyer to split your visit to two or three times a year. This method is popular with members who prefer shorter vacations.
Learn more timeshare and its advantages.