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.
SherpaReport recently spoke to Ben Addoms, Founder and Executive Vice President, of Quintess about the destination clubs growth, its new home developments and results from the recent member survey.
Exclusive Resorts, the largest luxury destination club, has expanded its "Once in a Lifetime" program, now providing members with a total of 16 planned vacations in exclusive locations. Members can travel to 25 countries on 6 continents, including Fiji, Bhutan, Argentina and the Galapagos Islands.
Private Escapes just announced Coach George Karl of the Denver Nuggets as the newest member of Private Escapes Platinum Destination Club. According to the press release, Karl joined the growing destination club with his family to enjoy the attractive size of the homes, and the ability to share with business partners, other team coaches and family members.
Destination clubs have been increasing in visibity over the past few years. They provide a good alternative to luxury vacation homes, in fact some destination club owners have sold their second homes when they join a club. But, there are pros and cons on both sides. If you're thinking of buying a vacation home or joining a destination club read through the factors below before making your choice.
Carefree Group, Inc. responds to its Carefree Lifestyle clientele by forming and launching Carefree Elite, a new destination club, in December 2007. "What sets Carefree Elite apart is that it's not a destination club. It's a lifestyle in itself," says Membership Director, Brian Spicciatie.
This article compares the financial aspects of owning a luxury second (or third or fourth) home to being a member of a destination club. It includes a spreadsheet to let you compare the economics of these two popular forms of vacations for wealthy families.
Rocksure Property is launching a second fund to buy 6 luxury homes around the world, with an average value of £1m ($2m). Members of the fund enjoy free vacations and property appreciation. This fund follows the success of their first "Alpha" fund, which closed for new subscriptions in July.
Grand Resort Properties is a new destination club designed with Midwestern hospitality in mind - made for the millionaire next door. Following Exclusive's model for destination clubs, Brad Brown of Omaha, Nebraska decided to create a smaller Midwest version in late 2006.
Have last minute plans and wish you had a private jet to fly you there? Destination clubs make their members feel and look like celebrities with private jets and top-notch concierge services for a fabulous lifestyle.
With their promises of privacy, luxury and exclusivity, it is not surprising that destination clubs have moved to the top of A-listers vacation lists. Destination clubs provide spacious stand-alone homes offering privacy and personal service that even five-star hotels do not offer.
The destination clubs have varying rules covering use of the clubs homes by unaccompanied guests. We've summarized the rules for most of the leading clubs.
Joining a destination club can be a way to ensure great luxury getaways several times per year. Before committing to a club, potential members should be well-equipped to choose the club that best suits your needs. As minimum night requirements vary from club to club, it is important to look at the minimum number of nights for any given stay and be sure they suit your travel plans.
About three years in the making, Distinctive Holiday Homes (DHH) just opened its doors for new members in the summer of 2007. The years of careful planning and preparation have allowed this "members only" luxury destination club to raise the bar of opulent vacations.
The two destination clubs have both announced price increases in the last two days. Both sets of increases become effective in November.
As a first in the destination club industry, Solstice is acquiring a luxury villa within the eco-resort development of Warapuru, in Brazil.