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 latest news and research on the clubs is included below.
Only five weeks into his new job, Jarvis J. Slade, Jr. the President of the new Abercrombie & Kent Residence Club sat down with SherpaReport to discuss how the club will distinguish itself.
Abercrombie & Kent, one of the worlds leading luxury travel companies is entering the destination club market. Starting this summer it will launch the Abercrombie & Kent Residence Club, a destination club that combines its hospitality experience and global reach, into a new equity club model.
West Caicos, the far west island of the Turks & Caicos archipelago, is the site for Quintess, LRW's newest enclave, Molasses Reef (coming in 2010). Tucked within the premier Ritz-Carlton Reserve resort, the enclave features five free-standing, custom beachfront villas.
In the new merged destination club that combines Ultimate Resort with Private Escapes there will be three club levels with homes values at $1m, $2m and $3m. CEO Jim Tousignant recently unveiled the pricing plans for each of these club levels.
The National Association of Realtors (NAR) just reported US vacation home sales dropped 30.6 percent to 740,000 in 2007. This drop is in marked contrast to the increase in shared luxury vacation homes which, as we reported two weeks ago, saw an 8% growth to $2.3bn in 2007.
The calendar may say Spring but with so much snow in the mountains this year, most ski resorts are open well into April and some are even going into May. For anyone who's not yet "skied out" this year, here is the availability at some destination club homes.
Founder and CEO of LUSSO, Steve Greer, was kind enough to share his personal journey and insight into the destination club industry as a whole and LUSSO in particular, in this exclusive interview.
New to the world of Destination Clubs? Maybe you just heard about them and want a quick and easy way to get going, and boost your knowledge on these luxury vacation options? The following articles will get you up to speed in no time. Soon you will be the one explaining this ever-growing luxury trend to your friends and family.
As of March 1st, the luxury vacation club Distinctive Holiday Homes has changed its membership plans and lowered the annual dues while increasing the initial membership fee on most plans.
Ultimate Resort has just acquired another destination club, Ventures Equity. The acquisition adds 6 new homes, with an average value of about $3m each, to Ultimates highest level "Elite" club.
In the current financial climate we wanted to see what sort of financial packages each of the different destination clubs were offering to help members with their joining fees. We asked each of the clubs about the packages that they offer.
It seems that many of the destination clubs are out competing each other to offer joining incentives at the moment.
Choosing a destination club can take a bit of thought and research. How do you know which one is best for you and your family? By following these simple guidelines our hope is that you will find the perfect club for your future vacations.