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 latest news and research on the clubs is included below.
Ultimate Escapes is gearing up for ski season. With the two new homes that it just opened in Steamboat Springs it has a total of 5 homes across the three different destination club levels.
Off-season on the island of Abaco in the Bahamas is profoundly and refreshingly quiet. For a city-dwelling New Yorker like me, the silence was almost ghostly, but completely rejuvenating. On Abaco, you share the roads with large land crabs instead of taxis, and on a typical outing are likely to encounter more butterflies than people.
Additional travel offerings amongst the major destination clubs are evolving rapidly. The trend is to offer one-of-a kind vacation adventures, providing more travel options for members in addition to stays at the clubs luxury vacation homes.
With the membership plan changes that Distinctive Holiday Homes just announced, the destination club also announced that a new home in Hawaii will be available to members, plus it laid out plans for the other near term home additions.
As of September 1st this year, Distinctive is making some changes to its membership plans and increasing prices. On the whole the changes give members more flexibility in their usage of the club homes.
This new destination club is currently in its "Friends & Family" period as it builds for it's more formal launch this Fall. SherpaReport recently met with Founder, Geoffrey Kent, and President, Jarvis Slade, to discuss the future plans for the club.
Effective August 31st 2008, luxury travel club One Key will be increasing the prices for its three membership plans. At the same time the club is changing the plans from offering a fixed number of nights to being a points based system.
This new independent advisory service helps consumers identify the most appropriate destination club, and then also helps secure the best membership terms available.
The cost per night for a destination club or residence fund is a really useful calculation for both comparing the clubs amongst each other, and also comparing them to alternatives such as hotels or villa rentals. Overall the cost per night has increased over time. This is not surprising given that the clubs have all been increasing their initial fees and annual dues.
From August 29th Exclusive will be adding $20,000 to its membership plans. It has also changed the terminology it uses and is now talking about an initiation fee rather than the non-refundable portion of the member deposit.