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.
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.
The worlds largest destination club has created a one year trial offer just for Ultimate Escapes members.
New members who join the club before December 15, 2010 enjoy an additional fifteen complimentary nights over the next three years.
The worlds largest destination club, measured by number of members, is currently offering a flexible payment option. New members can choose to pay their up-front membership fee over the course of up to four years.
In a recent note to members, Equity Estates highlighted six new destinations that are expected to be available for travel by next year. It also announced that based on current interest levels from prospective owner members, the fund anticipates that the second half of 2010 will be its most successful six months to date.
The largest destination club in Asia has added villas in