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The timeshare industry was first originated in Europe in the 1960's. In France and Switzerland, two different companies began the first vacation ownership offerings for travelers and tourists. During 1964-1968, a French development company called the 'Société des Grands Travaux de Marseille' started offering time-sharing products by offering a resort called Devoluy. Another resort called Paul Doumier of the Société des Grands Travaux became popular with its first advertising slogan, "No need to rent the room; buy the hotel, it's cheaper!" The timeshare company based in Switzerland, called 'Hapimag', was founded on September 23, 1963 and later expanded into Italy and Spain. Hapimag is still a successful company today and has remained at the forefront of the timeshare market. In the U.S.A., Vacation Internationale offered the first timeshare resort called 'Kauai Kailani' in 1969. This timeshare company introduced the "points" system in order to offer greater vacationing flexibility to timeshare owners. Once the timeshare owners earn points, they can use them in any of the resorts offered by the company as currency. Florida was the first state in the United States to embrace timeshare developments during 1970's. The renowned exchange company Resort Condominiums International (RCI) was founded in 1974 in Indianapolis with branch offices in a growing number of countries. It offers timeshare owners the chance to exchange vacation weeks among the company's different resorts, offering more flexibility and a wide variety of vacation options than before. The timeshare industry continued to develop during the 1980's via the establishment of different timeshare companies in Western Europe and Asia. A large number of new resorts were opened all over the globe in the 1990s. Major hotel companies like Sheraton, Ramada, Hilton, Disney, Four Seasons, Ritz-Carlton, Radisson, and Westin also began offering timeshare properties during this decade. Legal organizations like the American Resort Development Association (ARDA) in the U.S.A., and the Organization for Timeshare (OTE) in Europe regulate the timeshare industry.
Peter Emerson
Time Shares provides detailed information on Buying Timeshares, Resale Timeshares, Selling Timeshares, Time Share Rentals and more. Time Shares is affliated with Time Share Rentals.
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Latest Time Share News
The Advantages And Rewards Of Time Share OwnershipSharing of resources, ideas, joys and sorrows is a value and a concept that has been upheld since times immemorial. Sharing of time is a concept that has become widespread with the practice of duplication, franchising and networking. But when viewed from a commercial angle with holidaying and vacationing at the core, the idea becomes fantastic. But no! This has been made possible, practicable and pertinent with arrangements that are customized, well spread and flexible to suit every person. It is gaining ground. In a layman's language, time sharing is a concept that enables a person to prepare for...
Time Shares Is It For You? Do You Have The Time To Use Them?Time Shares is it for you? Do you have the time to use them? I recently had a call from a company promoting Time Share packages. These are resort style developments that people can go and spend a week or two at. They said they would call later to confirm a date. Meanwhile I forgot about it.The company called me up about two weeks later and I was surprised to hear back from them. They had a resort not far from where I live so I thought I would go down there on the week end to check it...
Time Shares And The Family VacationIf you are looking for a place to go on your next family vacation, you should consider time shares. These are rental units that you and others 'rent' together and share during different times of year. Time shares usually have three or four parties who pay rental dues that are used to pay the property taxes, upkeep and maintenance, and other costs associated with the home. Time shares are usually maintained by companies that own them. When you decide to join a time share community or a company that owns homes in various parts of the world, you will...


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