As the industry’s first luxury exchange provider, The Registry Collection® program is poised to help you enter the shared ownership industry - whether it be picking the optimal destination, designing the use plan that’s right for you, or providing you sales and marketing assistance.
HOW CAN SHARED OWNERSHIP FIT YOUR BUSINESS?
Industry overview numbers
The Registry Collection member profile
Since its creation, the vacation ownership industry has evolved into a multi-billion dollar industry, including global brands as well as smaller luxury brands. More and more, resort developers are finding that including a shared ownership component in their mixed use resort property can help create additional steady revenue streams and find synergies to help weather the economic cycles of the travel and real estate industries.
With vacation ownership, sometimes referred to as timeshare, you sell rights to your property to multiple parties. Typically, developers sell vacation ownership interests in either one-week or multi-week intervals or as packages of points that can be used to reserve resort accommodations.
Shared ownership of the property also entitles buyers to certain usage rights, usually in the form of weeks. Conceptually, fractional ownership, sometimes also referred to as a Private Residence Club (PRC) is different than traditional timeshare. Fractional or PRC ownership affords much of the freedom and usage benefits offered in timeshare, however, the fundamental difference with this type of ownership is that the purchaser owns part of the title (as opposed to units of "time"). Therefore, if the property appreciates in value, then so do the shares. As with whole ownership, fractional/PRC owners can offer to sell whenever they deem necessary or prudent, potentially releasing the capital growth from their real estate purchase.
Typically, fractional interest resorts and Private Residence Clubs are considered Luxury Shared Ownership properties often due to the resorts’ superior location, level of construction, amenities, service level, unit quality and sales price. However, many high-end timeshare properties share most of the same qualities as fractional interest and PRCs and are therefore also considered Luxury Shared Ownership resorts.
GLOSSARY OF INDUSTRY TERMINOLOGY
Source: The Registry Collection Membership Profile Survey, 2013