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.
The equity destination club recently announced that its 142 members, took 655 trips with the club last year, in other words they are taking 4 to 5 vacations a year with the club.
The co-founder of AOL and former Chairman of Time Warner is the majority shareholder and Chairman of destination club Exclusive Resorts. In a recent interview he shared his views on the club and how he saw it developing.
The Hideaways Club, an international property investment Fund that offers its members the opportunity to invest in and enjoy a portfolio of luxury villas and chalets, announced this week that it has formed an alliance with Banyan Tree Private Collection, Asias first global destination club.
Ultimate Escapes, has added a new Elite Club residence within the Lungarno Suites in Florence, Italy. Featuring views of the medieval Ponte Vecchio bridge arched over the Arno River.
These two luxury residence funds have formed an alliance which offers each of their owner members access to the homes in the two funds. This means members can choose from 29 homes in 23 destinations around the world.
Demeure, a new form of destination club that merges a home exchange with equity ownership is about to launch.
Villa Castellamonte del Mare, an exclusive five-star ultra-luxury villa in the Dominican Republic now has a reciprocity partnership agreement with Ultimate Escapes. Members of the destination club, will have exclusive reciprocity access to this 15,000 sq. ft., fully-staffed villa located high atop a sea cliff on the Dominican Republic's beautiful North Coast.
The equity-based destination club has a limited-time offer, under which prospective members have the chance to buy into the Club for 40% less than the initial membership pricing. Annual dues remain the same, all Club benefits apply and the offer expires March 31, 2010.