Destination Clubs

As the Destination Club industry consolidates, Ultimate Resort is buying most of the assets of Tanner & Haley, which filed for Chapter 11 about 4 months ago.

This is good news for the whole Destination Club sector and a tidy end to the bankruptcy filing. Tanner & Haley started the whole sector when they were launched in the late 1990s by Rob McGrath.

T&H members should be pleased that their club properties will keep going and that they will be offered membership in Ultimate Resort on special terms. The newly enlarged Ultimate Resort will be the second largest Destination Club behind Exclusive Resorts.

A new Destination Club has recently launched with a primary focus on the Asian market but also with properties in France, Italy and the UK. The Banyan Tree Private Collection has an initial joining fee of $120,000 and annual dues of $3,000, which give 7 days of usage. Members can then buy additional multiples to increase their days.

Banyan Tree Hotels & Resorts, a niche resort developer and operator in Asia-Pacific is the manager of the Club. Members can currently use several villas at Banyan Resorts in Asia.

For many people, owning a luxury vacation home in an exclusive location has long been an aspiration. However, the costs, maintenance, and the reality of limited usage have driven many individuals to explore alternative models. And these models have proliferated, to the extent that there are multiple options, each with their own advantages and disadvantages. There’s no one size fits all and it’s a very personal decision to find the ones that best fit you and your family.

This article runs through the different options and explains the rather confusing terminology. Many of the organizations use the same terms to describe different offerings. Continue reading to bring some light to this confusion.

In addition to enjoying the luxury vacation homes in some of the finest destinations around the world, members of equity destination clubs are able to benefit from a host of additional perks. In this article, we take a look at some of the extra benefits that come with membership in four popular clubs or residence funds.

It's been a while since we saw some details on the types of people joining destination clubs. So we recently reached out to several clubs to get a picture of the sort of people who are becoming members. Here's a run-down on the answers that we received, together with some earlier data.

Our downloadable guide, "Destination Clubs & Residence Funds: A Guide for Prospective Members" is now in its eighteenth annual edition (the first one was published in 2007). This free, in-depth report explains the features and benefits of destination clubs, reviews the industry's leading destination club and residence fund companies, and is a valuable tool designed to help prospective members make an educated assessment about joining a club. With the evolution of these companies, including several new destination clubs, as well as new programs and services, the regularly updated guide is a must-have for all luxury travelers.

When deciding whether or not to join a destination club or residence fund, prospective members often compare investing in a second home, to purchasing a destination club membership. For many years, SherpaReport has been hearing the reasons travelers choose to join these clubs and funds rather than buying a second home. A new study by Exclusive Resorts shows a similar set of results.

There's an old quote that says "Time is a rare luxury which can never be purchased at any cost." But, in the world of high end travel – think private jets and destination clubs – if you have the money, then you can find ways to create valuable time. We'll certainly agree with Benjamin Franklin who said "Lost time is never found again". Here are a few stories of how people are finding that extra time.

All destination clubs offer luxury vacation properties in desirable locations and high levels of service, but if you are considering joining one, you may be trying to decide whether to join a rental based club or an equity ownership club. Both have their benefits, but have very different structures. One option isn't better than the other - your best choice really depends upon your personal circumstances and goals. Here's an overview of both rental clubs and equity ownership clubs or funds.

There are plenty of good reasons to join a destination club or residence fund, but the clubs are not for everyone. Here's a run-down of the top reasons a destination club or vacation residence fund membership may not be right for you and your family.

Membership in a destination club or residence fund gives members access to a collection of luxury vacation homes in upscale locations worldwide. In addition, members enjoy a wide variety of personalized services and resort amenities. Why should you consider joining a destination club or residence fund?