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.
As you start to look into destination clubs & residence funds you may well come across a variety of terms that you're not familiar with. This glossary describes some of the most commonly used terms.
The Markers, a destination club which also combines the benefits of private golf club membership, has announced the addition of a new luxury affiliate destination to the clubs portfolio: the exclusive Archerfield Links in Scotland.
Occasionally SherpaReport gets to try out some of the destination club or private residence club properties. This gives us a first hand experience of how the clubs work and lets us report back on these experiences. On a trip to England last week I stayed at the Ultimate Resort flat in London.
There have been many new clubs emerging into the destination club market this year. In addition to the newcomers, some clubs have merged; many established clubs have grown in both memberships and properties; and sadly, some haven't survived.
Club President Jonathan Harding provided SherpaReport with an update on the change of direction at Ciel.
We've heard that Yellowstone Club World is not currently soliciting new members.
Destination clubs are sprouting up all over the world. Southern Africa is no longer exempt from this trend in high-end luxury vacations. Dream Circle Destinations, headquartered in South Africa, is a new shared ownership destination club promising members a return on investment after a 12 year run.
SherpaReport recently spoke to Ben Addoms, Founder and Executive Vice President, of Quintess about the destination clubs growth, its new home developments and results from the recent member survey.
A High Country Club member recently sent us a review of the clubs Maui home. This 1,700 word report covers all aspects of the home, including the location, the residence, the decor and the amenities.
Exclusive Resorts, the largest luxury destination club, has expanded its "Once in a Lifetime" program, now providing members with a total of 16 planned vacations in exclusive locations. Members can travel to 25 countries on 6 continents, including Fiji, Bhutan, Argentina and the Galapagos Islands.
Private Escapes just announced Coach George Karl of the Denver Nuggets as the newest member of Private Escapes Platinum Destination Club. According to the press release, Karl joined the growing destination club with his family to enjoy the attractive size of the homes, and the ability to share with business partners, other team coaches and family members.
Destination clubs have been increasing in visibity over the past few years. They provide a good alternative to luxury vacation homes, in fact some destination club owners have sold their second homes when they join a club. But, there are pros and cons on both sides. If you're thinking of buying a vacation home or joining a destination club read through the factors below before making your choice.
Carefree Group, Inc. responds to its Carefree Lifestyle clientele by forming and launching Carefree Elite, a new destination club, in December 2007. "What sets Carefree Elite apart is that it's not a destination club. It's a lifestyle in itself," says Membership Director, Brian Spicciatie.
This article compares the financial aspects of owning a luxury second (or third or fourth) home to being a member of a destination club. It includes a spreadsheet to let you compare the economics of these two popular forms of vacations for wealthy families.
The luxury vacation club Quintess, LRW has just changed its membership plans. The new plan structures bring it more into line with other clubs and should make it easier to compare Quintess to the other clubs.
Rocksure Property is launching a second fund to buy 6 luxury homes around the world, with an average value of £1m ($2m). Members of the fund enjoy free vacations and property appreciation. This fund follows the success of their first "Alpha" fund, which closed for new subscriptions in July.
Grand Resort Properties is a new destination club designed with Midwestern hospitality in mind - made for the millionaire next door. Following Exclusive's model for destination clubs, Brad Brown of Omaha, Nebraska decided to create a smaller Midwest version in late 2006.
Have last minute plans and wish you had a private jet to fly you there? Destination clubs make their members feel and look like celebrities with private jets and top-notch concierge services for a fabulous lifestyle.
With their promises of privacy, luxury and exclusivity, it is not surprising that destination clubs have moved to the top of A-listers vacation lists. Destination clubs provide spacious stand-alone homes offering privacy and personal service that even five-star hotels do not offer.