ARDA, the American Resort Development Association, has come out with its latest finding showing that a family of four saves $18,160 over the cost of 18 years by purchasing a timeshare over using a hotel room.
Here's the link to the infographic:
http://vacationbetter.org/wp-content/uploads/2015/09/ARDA-Value-Prop-2-Value-of-Vacation-090115-large.png
Here's the numbers they used:
Average Hotel Stay
$3,000 annually for 18 years
Total Cost $54,000
Assuming a 7 night stay, that comes to $428.57 per night
Average Timeshare
$20,000 cost of purchase
$15,840 average maintenance fee ($880 per year)
Total Cost $35,840
Showing a cost savings of $18,160 over an 18 year period.
I'm throwing it open here...agree, disagree?
Show me your numbers.
1 comment:
That is really interesting!
What "Average" Hotel costs $428 per night?
Most people could not/would not spend $428 for a "5 Star" Hotel. (Hotels.com, Expedia, VRBO and next Google Travel with 5 Star deals at half of that price. $229 Orlando)
Will my "Average" Timeshare maintenance bill be $880 in 18 years? No, more likely using 5% increase per year...over $2,000 per year "Over the Long Run"
Will my resort ever have any "Average" Assessments over 18 years? Probably 3 over that period. Avg $1000 per
I don't even want to tally all of that up.
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