10 Best and Worst Timeshare Companies in the World 2023: A Comprehensive Review

CEO Tam DT
Timeshares offer a cost-effective way to indulge in vacation luxuries and the feel of a second home. With so many companies to choose from, finding the right one can be a challenge. As an expert...

Timeshares offer a cost-effective way to indulge in vacation luxuries and the feel of a second home. With so many companies to choose from, finding the right one can be a challenge. As an expert in the field, I've evaluated the leading timeshare companies globally to help you make an informed choice. In this comprehensive review, I'll unveil the top 10 timeshare companies of 2023 and also highlight the 10 you might want to avoid. Whether you're a first-time buyer or considering a switch, this guide will be your go-to resource!

Why People Buy Timeshares

Why People Buy Timeshares Timeshares have evolved over the years, and people invest in them for various reasons, including:

  • Flexibility and Guaranteed Vacations: Timeshares offer flexibility in terms of when and where you can vacation, ensuring owners have a guaranteed spot every year.
  • Cost-Effectiveness: Timeshares can be more economical in the long run compared to a lifetime of hotel stays.
  • Spacious Accommodations: Timeshare properties often provide larger accommodations with private bedrooms, fully-equipped kitchens, and additional amenities.
  • Vacation Exchange: Owners can trade their weeks or points on vacation exchange platforms, allowing them to explore different destinations.
  • Loyalty Programs: Many timeshare companies offer loyalty programs that reward owners with discounts, free stays, and other perks.
  • Perpetual Ownership: Some timeshares can be passed down to future generations, ensuring family vacations for years to come.
  • Resale Opportunities: While timeshares may not appreciate like traditional real estate, there's a market for reselling them.

The Best Timeshare Companies in the World 2023

Best Timeshare Companies in the World

Here's a snapshot of the top 10 timeshare companies this year:

  • Bluegreen Vacations
  • Diamond Resorts
  • Hilton Grand Vacations
  • Marriott Vacation Club
  • RCI
  • Sheraton Vacation Club
  • Westgate Resorts
  • Wyndham Destinations
  • WorldMark by Wyndham
  • Disney Vacation Club

These companies have been selected based on their reputation, location diversity, program flexibility, and price considerations. They have consistently delivered quality, customer service, and overall value to their members.

A Closer Look at the Top Companies

Bluegreen Vacations

Bluegreen Vacations prioritizes guest comfort and offers a unique blend of luxury across 200 resorts in various locations. Each resort reflects its environment, providing a distinct experience. The company constantly enhances the ownership experience by upgrading resorts to add quality, convenience, value, and comfort.

Diamond Resorts

Diamond Resorts has a global presence, boasting over 400 resorts across 30 countries. They offer a diverse range of timeshare ownership options, ensuring that their members can choose the plan that best fits their vacationing style. Their extensive exchange network allows members to experience new destinations with ease.

Hilton Grand Vacations

As a branch of the renowned Hilton Hotels & Resorts, Hilton Grand Vacations carries forward the legacy of luxury and top-tier service. They offer a plethora of timeshare ownership options, allowing members to customize their vacation experiences.

Marriott Vacation Club

Marriott Vacation Club, a subsidiary of the global hotel giant Marriott International, offers a diverse range of timeshare ownership options. Their vast exchange network ensures that members can enjoy a new experience every time they vacation.

RCI

RCI stands out as the world's leading timeshare exchange company. With a network of over 4,000 resorts in more than 100 countries, they offer unparalleled flexibility to their members. Whether you own timeshare points or weeks, you can exchange them for stays at any resort within the RCI network.

Sheraton Vacation Club

Sheraton Vacation Club, another subsidiary of Marriott International, offers a diverse range of timeshare ownership options. Like its counterparts, it boasts a vast exchange network, ensuring that members can always find a new destination to explore.

Westgate Resorts

Westgate Resorts is synonymous with luxury, with properties in some of the world's most sought-after vacation spots. They promise their members an experience like no other.

Wyndham Destinations

Wyndham Destinations is a behemoth in the timeshare industry. Their extensive portfolio ensures that members are spoiled for choice when planning their vacations. Their point system is especially popular among members for its flexibility.

WorldMark by Wyndham

WorldMark by Wyndham offers a unique vacation ownership plan. Their members cherish the flexibility it offers, allowing them to choose from a diverse range of resorts across different continents.

Disney Vacation Club

Disney Vacation Club is the dream destination for families and Disney lovers. Their properties, located near Disney parks, offer themed experiences that are nothing short of magical. Every vacation with Disney Vacation Club promises memories that will last a lifetime.

The Worst Timeshare Companies in the World 2023

Here's a snapshot of the worst 10 timeshare companies this year:

  • WorldQuest Vacations
  • Interval International
  • Freedom Vacations
  • Travel Impressions
  • Vacation Ownership Deals
  • Vacation Express
  • ResortQuest
  • Vacation Savers
  • Vacation Ownership Club
  • Timeshare Users Group

These companies have faced customer complaints, legal issues, and financial instability.

A Closer Look at the Worst Companies

Worst Timeshare Companies in the World

WorldQuest Vacations

WorldQuest Orlando Resort is a family-friendly vacation retreat near Disney World. While the resort offers spacious suites and a pool oasis, the company has faced criticism for its sales tactics and hidden fees, leading to several FTC complaints.

Interval International

Interval International is a timeshare exchange company that allows members to swap their timeshares with other properties. Despite its vast network, the company has been criticized for its customer service and high fees. Several lawsuits have been filed against the company.

Freedom Vacations

Freedom Vacations offers timeshare services but has been under scrutiny for their sales tactics, hidden fees, and customer complaints. The company has faced several FTC complaints.

Travel Impressions

Travel Impressions provides timeshare services but has received criticism for its customer service and high fees. Several lawsuits have been filed against the company due to these issues.

Vacation Ownership Deals

This company deals in timeshare resales and has been accused of using aggressive sales tactics and not being transparent about their fees. Several FTC complaints have been filed against them.

Vacation Express

Vacation Express offers timeshare services but has been criticized for its customer service and high fees. This has led to several lawsuits against the company.

ResortQuest

ResortQuest is a timeshare management company that has faced criticism for its customer service and high fees. The company has been involved in several lawsuits.

Vacation Savers

Vacation Savers deals in timeshare resales and has been accused of using aggressive sales tactics and hiding fees. The company has faced several FTC complaints.

Vacation Ownership Club

This timeshare company has faced criticism for its customer service and high fees. They have also been the subject of several lawsuits.

Timeshare Users Group

Timeshare Users Group is a forum that has been accused of being a front for companies engaging in aggressive sales tactics and hidden fees. They have faced complaints about their practices.

What is a Timeshare Trap and How to Avoid It

A timeshare trap refers to situations where individuals find themselves in unfavorable timeshare contracts. These contracts may include escalating maintenance fees, inflexible terms, or difficulty in selling or exiting the contract. Timeshare traps can arise from aggressive sales tactics, misleading information, or the allure of initial perks without a clear understanding of long-term implications.

How to Avoid Timeshare Traps

  • Research Before Buying: Before purchasing a timeshare, research the company, read reviews, and thoroughly understand the terms of the contract.
  • Avoid High-Pressure Sales Tactics: Be cautious if a deal sounds too good to be true or if you're being pressured to make a quick decision.
  • Understand the Resale Market: Keep in mind that timeshares typically do not appreciate in value, and reselling them can be challenging.
  • Be Wary of Upfront Fees: Some companies might charge upfront fees for services, such as selling your timeshare. Ensure you know what you're paying for and that the company is reputable.
  • Know Your Exit Options: Before purchasing a timeshare, understand how you can exit the contract if needed. Some companies offer buy-back programs or exit solutions.
  • Consult Professionals: If considering a timeshare, it may be beneficial to consult with legal or real estate professionals familiar with timeshares.

FAQ

How can I determine the best timeshare company for my needs?

Research reviews, consider the locations and properties offered, understand the fee structure, and assess the flexibility of the timeshare system.

Can I resell my timeshare?

Yes, reselling a timeshare is possible, but it can be challenging. The resale value is often much lower than the original purchase price.

Are there any hidden fees associated with timeshares?

Some companies may have maintenance fees, membership fees, or other costs not included in the initial purchase price. It's important to understand these potential fees.

How has the timeshare industry evolved in 2023?

The timeshare industry has seen changes in terms of digital integration, flexible booking options, and an increased focus on customer experience.

What are the alternatives to traditional timeshares?

Alternatives to traditional timeshares include vacation club memberships, fractional ownership, and vacation home rentals.

Can I exchange my timeshare week for a different location or time?

Many companies offer exchange programs that allow owners to swap their weeks with other properties or dates.

Closing Thoughts

Timeshares provide an enticing opportunity for many to experience vacation luxuries without the full commitment of property ownership. However, with numerous options available, selecting the right company can be daunting. This comprehensive review of the best and worst timeshare companies in 2023 aims to guide both first-time buyers and those considering a switch. Stay informed, choose wisely, and remember, a timeshare is not just a financial commitment; it's a commitment to your future vacations.

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