The idea of shared vacation accommodation ownership emerged in the 1960’s in the UK in a period when exotic vacations or even vacationing in domestic resorts was too expensive for most households. Buying a vacation home seemed out of reach for many, but sharing the ownership was a great way to reduce the size of the necessary investment and most people could spend only limited time away from work anyway, so multiple families joining forces to get a property and splitting the time spent on the property among themselves made all the sense.
Shared vacation homes quickly caught the attention of investors who bought resorts and developed the idea of selling access to their properties for specific, recurring periods. Timeshares reached the peak of their popularity during the first years of the 1980’s – by that time, timeshare properties were available not only domestically, but abroad as well, offering buyers the chance to spend their vacations among luxurious circumstances, visiting exotic destinations. By the 1990’s, most large luxury hotel chains had timeshare offerings and the industry is still huge today, despite the bad name given to these investments by some dishonest players putting customers looking to sell my timeshare quickly . Today, the timeshare ownership industry has a worldwide offering of over 5,000 resorts, distributed over more than 100 countries, with developments being launched each day.
Originally Posted here: How Did Timeshares Get So Popular?
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