Destination clubs, residence funds and luxury travel clubs provide their members with access to multiple luxury vacation homes, located all over the world. The homes are typically multi-million dollar residences, and are sited in major cities, at beaches, in mountains and leisure locations.
Membership of the clubs is an alternative to buying a second home. The clubs are sometimes also compared to, or even mixed up with, private residence clubs, but there are several key differences between the two.
If you're just starting out learning about the clubs and funds read the overview and the glossary. Then you can start to compare them in the comparison table. One way to financially compare them is using a cost per night calculation and we've provided downloadable spreadsheets for these calculations. Here are the top reasons to join a club, but they are not for everybody and here are the reasons not to join.
And for a real in-depth look at the clubs, their homes and services, comparisons to alternatives and questions to consider before joining, download our Guide for Prospective Members.
The map shows some of the main destinations where the clubs have homes. Click on the markers to see the actual homes.
The latest news and research on the clubs is included below.
After the recent management changes at Solstice, we caught up with Jeff Scult to talk through the clubs future plans and direction.
Vacation home trends for affluent individuals in America and Europe may be surprising in this tumultuous time for the housing, credit and stock markets. The next 12 to 24 months might not see a huge upswing of second home purchases, but a recent survey by Knight Frank and Citi Private Bank predicts much growth over the next decade.
The newly formed destination club has just joined the Destination Club Association - the trade group that sets best practices - but at the same time Abercrombie & Kent's flawed former business decisions are still around to haunt it.
Ultimate Resort and Private Escapes announced their merger last year, and have now officially announced the new name for their destination club - Ultimate Escapes. The club has three separate clubs, with homes in 50 global destinations.
Located just seven miles outside of Florence, the new Quintess villa is located on 23 acres of vineyards and olive groves.
Enhancing its Caribbean collection of homes, destination club Lusso just announced two new villas on the tropical island of Anguilla.
A European experience in the making. The new destination club, Botiga plans on launching its initial portfolio of homes to members by winter 2008. Botiga is already showing signs of promise. The club is on target to reach 20 Founder Members by the end of June 2008. They currently have three properties secured in their portfolio and three more are on the near horizon for purchase.
Solstice has just announced that its founder, Graham Kos, and unnamed outside investors have purchased a controlling interest in the company. The purchase essentially buys out the holdings of the Parallel management team, with which Solstice merged in late 2006.
Last week Ultimate Resort and Bombardier announced a strategic marketing agreement. With this new partnership Ultimate joins several other destination clubs that provide their members with special access to private jet companies. Here's a run down on the clubs and their private jet partnerships.
Is the terminology starting to get confusing or are the larger destination clubs really starting to transform into luxury vacation clubs. Many of the leading destination clubs now offer their members a variety of unique tours and travel packages, and have partnered with luxury hotel groups to offer more destinations to their members.
Effective today the luxury vacation club Exclusive Resorts has realigned and unpackaged its membership plans to provide a broader array of options.
In a continuing trend amongst destination clubs, High Country Club is raising both its Initial Membership fees and its Annual Dues for all its membership plans. The new prices are effective from 1st June 2008.
Luxury destination club Quintess announced a new round of $210m of equity funding. We spoke to Ben Addoms, Quintess founder, to find out how the club would use these new funds.
Only five weeks into his new job, Jarvis J. Slade, Jr. the President of the new Abercrombie & Kent Residence Club sat down with SherpaReport to discuss how the club will distinguish itself.
Abercrombie & Kent, one of the worlds leading luxury travel companies is entering the destination club market. Starting this summer it will launch the Abercrombie & Kent Residence Club, a destination club that combines its hospitality experience and global reach, into a new equity club model.
West Caicos, the far west island of the Turks & Caicos archipelago, is the site for Quintess, LRW's newest enclave, Molasses Reef (coming in 2010). Tucked within the premier Ritz-Carlton Reserve resort, the enclave features five free-standing, custom beachfront villas.
In the new merged destination club that combines Ultimate Resort with Private Escapes there will be three club levels with homes values at $1m, $2m and $3m. CEO Jim Tousignant recently unveiled the pricing plans for each of these club levels.
Luxury destination club Lusso has just added a new home on the Turks and Caicos Island of Providenciales. Provo as it is affectionately known, is starting to be a popular location for several destination clubs.