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.
Destination clubs are all about creating memories with family and friends. The Ritz-Carlton Destination Club has created a way for young members to explore exciting places, make great vacation memories and have fun. The new Adventure Passport program allows children to have five distinctive experiences at nine of The Ritz-Carlton Destination Club locations throughout North America and the
Like most destination clubs, Exclusive Resorts the worlds largest, offers a host of services to its members. For new members who buy a membership by Dec. 15, 2010, Exclusive Resorts will give you a $10,000 gift card good toward additional services such as customized excursions, private chefs, tee times, spa services, and other experiences.
These two equity based destination clubs announced a mutual exchange of time at their residences, providing their members with access to a larger selection of luxury vacation homes.
Demeure has been selected as the successful bidder for a bulk lot in the bankruptcy estate of Ultimate Escapes, the second largest destination club. SherpaReport talked to Peter Schwartz, Chairman and CEO of Demeure, about his plans for the club.