Growing Timeshare Industry in India

The timeshare industry has increase over the  last five to seven years between 18-20% year-on-year. The Indians maintains its concept and improves it deliberately quickly.

In fact, the mindset towards holidaying has changed considerably.There are many new holiday experiences that they want to explore and these are already permitted. In fact secluded destinations rank high on the radar of timeshare customers. Hence, developers which to see a location where they can absolutely grow along with opening newer destinations for clients and sell my timeshare.

Being a resilient product, vacation timeshare resorts witnessed a steady growth during the global slowdown and with market recovering slowly the industry is back to its heydays.In India, the timeshare market is estimated to be Rs 500-600 core unlike from the US-led world market of $14 billion which is of course cannot be compared. Many perceives that a timeshare is not a good investment. It has only been within last 7-8 years the perception towards vacation ownership has transformed- thanks to interest taken by branded hotel companies into vacation ownership service-products.Today, vacation product delivers on its promises-creating memorable vacation experiences that is sure to last for a lifetime.

The timeshare members were certain with the product that is strongly combined  with the own brand name and the vacation ownership product by brand hotel companies. But at times, there are mistakes which pertains to the information given from the companies. The companies promise low cost or free of charge hotel rooms, weekend vacation deals or prizes on the sales process. And of course, some of these are legitimate.

Offering big time freebies like cars, or sometimes a luxurious vacation, bring some nuisance by some companies. Well, obviously these are just one of the tactics to allure customers interest to timeshare companies. But, the sad thing is promises are not real sometimes.

Ambiguous sales pitches by timeshare companies only add to the agony of the buyers. When the members do not carefully study the  'fine print' in detail., they come across with problems. To sum it all up, there is a need for overall transparency, thorough understanding of the product bought & how well to utilize the product to get the best in it that is why an hour is given to the onlookers.Some of the mechanisms introduced by Timeshare to ensure fair play and boost the confidence level amongst the members include:

• Potential members are strongly recommended to study the 'fine print', in details prior to signing the dotted line.
Review the contract with a timeshare attorney.

You may also  RCI test timeshare sellers' product offerings through standards and procedures. You will now know that the seller  is genuine and has legitimate offerings when those standards are met.