Owning a static worldwide timeshare is not your only choice. If you would like to vary your destination then you should consider a timeshare exchange scheme. Not all timeshare resorts/brokers will offer an exchange system so remember to ask! It is also advisable to have a good look around all the companies, large and small, and make sure you research the business meticulously.
Timeshare exchange is basically much what it says on the tin, it is a vacation exchange where you could pay an ongoing membership fee to be able to select from a listing of available properties within or below your designated bracket, if you want something in a higher group, you may be able to upgrade on a temporary basis at an additional cost.
In general terms there are 2 different systems you will come across. One is based on your ownership of a timeshare in a specific location and week which can be exchanged for similar properties in a similar nearby week. Another other type of system is to obtain points that are exchanged for a week within a certain points bracket.
You do need to plan beforehand for a timeshare exchange, similar to planning a regular vacation; it will demand a little more forethought. Should the preferred location be unavailable in the selected week, you may lose out or can go on a waiting list for the very popular properties.
Companies that trade with timeshare exchange include, but are not limited to, RCI (Resort Condominiums International), Interval International and Trading Places International. The biggest timeshare exchange is probably RCI timeshare, but you are encouraged to read David Cameron’s blog at http://davidcameronsdiary.co.uk on his dealings with RCI (yes, Britain’s new PM!).
Don’t disregard the smaller independent timeshare exchange companies though, as some of these are worthy of consideration. For example, Redweek is developing quickly, and now offer a points system. Another company would be Dial An Exchange. They do not require any ongoing membership fee which makes them an interesting proposition. Dial an Exchange simply makes it’s money from any exchange fees. Do a search yourself to find more, but remember to check the company out before you commit as mentioned above.
Having a timeshare exchange really gives you the best of both worlds so should be an option in your search for a worldwide timeshare.
