New York Times Reviews Destination Clubs
In an article headlined "A Second Act for Destination Clubs", the Times gave a good review of destination clubs.
Susan Stellin, the author, interviewed several destination club members and also several executives from various clubs. The clubs that were mentioned included Exclusive Resorts, Ultimate Resort, Private Escapes, Lusso and Crescendo.
While the article noted the bankruptcy of one of the early clubs, Tanner & Haley, in 2006, it also covered the formation of the Destination Club Association which has introduced a Code of Responsible Business Conduct, and a net assets test and annual audit requirement for member clubs.
Even the recent decision by Hawaiis State Auditor, not to issue new destination club laws, received a mention.
Overall it was a pretty balanced view of the clubs and where they stand and why members give them great ratings.
Destination Club and Residence Fund Guide
For an in-depth understanding of destination clubs and residence funds, download our free guide. This book offers details about the various types of clubs and membership plans, how reservations work, the financial aspects you'll need to know, how these two vacation home alternatives compare to luxury second home ownership in terms of cost and questions you should ask when looking to join a club. We do ask you to register to access the Guide.