Hawaii Condos: The Timeshare Market

Owning a second home by the beach or in the mountains may seem like the perfect vacation solution. But a second home requires upkeep and maintenance and is usually vacant for most of the year.

Timeshare, also known as vacation ownerships, solves these problems by allowing clients to purchase only the time they want to spend. Also, since timeshare options allow a person to trade homes, it is possible to have both a house at the beach and a house in the mountains without actually having to own two homes.

The concept of timeshare began less than 30 years ago and now has grown to include more than 4,000 timeshare resorts in 81 countries.

"The time share market is a very different market from the regular leisure travel market," said Shari Chang, senior vice president of Sales and Marketing for Castle Resorts & Hotels. "Many timeshare clients are in Hawaii on an 'exchange' program where they've traded their week at a timeshare property outside Hawaii to stay in Hawaii.

"Timeshare works well in select areas of Hawaii," said Chang, "but we certainly don't want to see it dominate any of our major resort areas."

Sally Proctor, senior vice president of Marc Resorts Hawaii believes that there are definite advantages to visiting a resort that has timeshare.

"The resort is always beautifully maintained," she said, "and has very high standards throughout the property."

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