Destination clubs, residence funds and luxury travel clubs provide their members with access to multiple luxury vacation homes, located all over the world. The homes are typically multi-million dollar residences, and are sited in major cities, at beaches, in mountains and leisure locations.
Membership of the clubs is an alternative to buying a second home. The clubs are sometimes also compared to, or even mixed up with, private residence clubs, but there are several key differences between the two.
If you're just starting out learning about the clubs and funds read the overview and the glossary. Then you can start to compare them in the comparison table. One way to financially compare them is using a cost per night calculation and we've provided downloadable spreadsheets for these calculations. Here are the top reasons to join a club, but they are not for everybody and here are the reasons not to join.
And for a real in-depth look at the clubs, their homes and services, comparisons to alternatives and questions to consider before joining, download our Guide for Prospective Members.
The latest news and research on the clubs is included below.
Destination clubs are all about creating memories with family and friends. The Ritz-Carlton Destination Club has created a way for young members to explore exciting places, make great vacation memories and have fun. The new Adventure Passport program allows children to have five distinctive experiences at nine of The Ritz-Carlton Destination Club locations throughout North America and the
Like most destination clubs, Exclusive Resorts the worlds largest, offers a host of services to its members. For new members who buy a membership by Dec. 15, 2010, Exclusive Resorts will give you a $10,000 gift card good toward additional services such as customized excursions, private chefs, tee times, spa services, and other experiences.
These two equity based destination clubs announced a mutual exchange of time at their residences, providing their members with access to a larger selection of luxury vacation homes.
Demeure has been selected as the successful bidder for a bulk lot in the bankruptcy estate of Ultimate Escapes, the second largest destination club. SherpaReport talked to Peter Schwartz, Chairman and CEO of Demeure, about his plans for the club.
The worlds largest destination club has created a one year trial offer just for Ultimate Escapes members.
New members who join the club before December 15, 2010 enjoy an additional fifteen complimentary nights over the next three years.
The worlds largest destination club, measured by number of members, is currently offering a flexible payment option. New members can choose to pay their up-front membership fee over the course of up to four years.
In a recent note to members, Equity Estates highlighted six new destinations that are expected to be available for travel by next year. It also announced that based on current interest levels from prospective owner members, the fund anticipates that the second half of 2010 will be its most successful six months to date.
The largest destination club in Asia has added villas in
The Hideaways Club has added two spectacular new villas to its growing property portfolio. Situated in the South of France, these new purchases bring to 27 the number of properties currently owned by the Fund with more homes planned to come online during the remainder of this year.
The luxury residence fund is donating access to its multi-million dollar homes to children and families with parents suffering from late stage, limited life expectancy cancer.
The luxury destination club, Quintess LRW, has simplified its pricing structure for new members. The change is partly designed to make it easier to compare Quintess to other destination clubs, and also provides more flexibility in structuring a membership plan.
This new golfing destination club was launched earlier this year as a partnership between the PGA and the folks behind the destination club Quintess LRW. Since opening the club has added new homes at golf courses in