Page 105 - Introduction to Tourism
P. 105

managers  of  the  group,  charging  a  fee  for  this

               service to the absent owner. Such arrangements

               can be made through a local travel agent in the

               prospective traveler ’ s home city. The agent will

               book  the  reservation  through  the  real  estate


               management fi rm.
               Timesharing


               Timesharing  is  a  technique  for  the  multiple
               ownership  and/or  use  of resort and recreational


               properties.  Timesharing  has  been  applied  to
               hotels,  motels,  condominiums,  town  houses,


               single  -  family  detached  homes,  campgrounds,

               and even boats and yachts.

               It involves both new construction and conversion

               of  existing  structures,  along  with  properties

               devoted  solely  to  timesharing  and  projects  that

               integrate timesharing and

               Non      timesharing        properties.      While      most

               programs may be classified as either ownership

               or  nonownership  (right  to  use),  there  are  wide

               variations in program and legal format.

               The attraction of timesharing is simple: It permits

               purchasers to own or have occupancy rights at a











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