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.
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.
Under the heading "Paradise Lost" Fortune magazine just reported on the ascendancy and subsequent tribulations of Tim Blixseth and his Yellowstone Club. The article also covers his ultra luxury destination club, Yellowstone Club World.
Accredited investors who enjoy traveling to luxurious destinations and prefer to own a portfolio of homes instead of renting them should take a look at Equity Estates, LLC. This new destination club has recently launched and offers luxury vacations and a promising end goal for investors.
Sailor hats and boat shoes fly off storeroom shelves as Quintess members prepare for their voyages on Lady Quintess, a Viking Sport Cruiser 70' Motor Yacht. On February 29, 2008 members can set sail and explore the Eastern Seaboard from Hyannis and Annapolis to Miami Beach and the Florida Keys.
In a report entitled "Ernst & Young's Top 10 Thoughts on the Hospitality Sector in 2008", the advisory firm commented on the trends it sees for destination clubs, condo- hotels and fractional over the coming year.
Natural beauty, amazing resorts and fun activities are in abundance in the Bahamas. This chain of sixteen main islands (and thousands of islets and cays) was named Baja Mar by the Spanish, meaning shallow sea, but the land is actually made up of mountainous plateaus that rise from the depths of the Atlantic.
Banyan Tree Hotels and Resorts entered the destination club market in late 2006. With its many years of boutique resort development under its belt, it launched the Banyan Tree Private Collection. The club has since expanded its focus, branching out from its predominantly Asian emphasis and now offers luxury residences worldwide including Tuscany, Provence and London.
The luxury destination club, LUSSO Collection, has just added two new homes in Jackson Hole, Wyoming. Both homes have direct ski access and are located in the Teton Village area, right at the base of the Jackson Hole Mountain Resort.
Listening to shareholders is key to making informed decisions about a club's future, especially when all the homes are owned by the members. Recently M Private Residences made several changes to their offerings as a result of a shareholder focus group and looking at usage patterns over the club's history.
Through a strategic partnership with Bruce World of Travel, part of the American Express Travel Network, destination club members, their families, and friends can book all commercial, personal, and business travel as well as luxury adventure vacations.
The Markers, a destination club which also combines the benefits of private golf club membership, has announced the addition of a new luxury affiliate destination to the clubs portfolio: the exclusive Archerfield Links in Scotland.
Occasionally SherpaReport gets to try out some of the destination club or private residence club properties. This gives us a first hand experience of how the clubs work and lets us report back on these experiences. On a trip to England last week I stayed at the Ultimate Resort flat in London.
There have been many new clubs emerging into the destination club market this year. In addition to the newcomers, some clubs have merged; many established clubs have grown in both memberships and properties; and sadly, some haven't survived.