Timeshare owners to miss out on expected UK tourism boost
Timeshare inflexibility highlighted by British tourism boom
Sad day for a nation brings ray of hope
The recent funeral of Queen Elizabeth the second was watched by an estimated 4 billion people worldwide, such was the appeal of the cherished British monarch.
The global coverage brought with it an unexpected, but welcome boost to a beleaguered British economy. Tourism to the British Isles is expected to flourish for years, following the world’s attention being focussed on the spectacular ceremonies of our mourning nation.
Patricia Yates, chief executive for the UK’s national tourism body Visit Britain expects people to “come and see our world-renowned attractions, our culture, heritage and history for themselves and, as we look ahead to the coronation of King Charles III, to be part of the once-in-a-lifetime experiences that you can only have in Britain.”
More than our history
Britain has over 2000 years of history visible everywhere in our islands, But people are discovering that there is much more on offer than palaces, castles, spectacle and tradition. The expected tourism boost is not only visitors from other countries. Native Brits are falling back in love with holidays at home.
“You are so used to wanting to go abroad that you forget what we actually have right here on our doorstep,” says Jim, a 55 year old property specialist from Yorkshire. “We have the Highlands, the Dales and the Lake District.Our beaches and countrysid eare glorious.Our cities are vibrant and fun.”
“Just as importantly my pound goes a lot further right here in the UK. I really don’t see myself paying out to fly abroad again anytime soon.”
Sea change, but only for some
Many other Brits are expected to follow suit. Holidays abroad are having less and less appeal. Inflation, real-terms-income-loss, and the pound’s loss of value have coincided with this rekindled love affair with our native shores.
Modern holidays have evolved to the point where people can go where they want, when they want. They can specify a budget, and choose the length of stay. They can design exactly the holiday they want via apps and booking sites. In short they have perfect flexibility… unless they own a timeshare.
Resort members are legally committed to a system designed in the 1960s, with minimal improvements since. There have been much hyped changes, such as exchange mechanisms, “floating weeks” or the Points System. But all of these are widely acknowledged to be ineffective, while costs have risen at an alarming rate.
Timeshare exchange systems do exist but with owners often struggling to find the availability they want and having to register their exchange so far in advance, many have given up. They have learned to accept that on the whole they have to holiday in their home resort,usually for a fixed amount of weeks, and they are forced to pay every year, whether they use it or not.
Of course there are a number of timeshare resorts based in the UK, and owners at these resorts may in fact benefit from the increased demand for UK based holiday accommodation but this only represents the minority of UK timeshare owners with the majority owning in Spain.
Help at hand
The good news is that although timeshare contracts are designed to prevent members leaving the club, it is possible with expert help. “Holidaymakers need flexibility more than ever before,” explains Andrew Cooper, CEO of European Consumer Claims. “They won’t accept the cookie cutter packages that satisfied previous generations. “They want to be able to go (for example) to Niagra falls, next week, for eleven days, seven of those in a hotel and three in a motor home.
“They want their holiday to provide the experience they are looking for, to match their budget and to fit their time preferences.
“Timeshare owners are seeing that other holidaymakers have this freedom, and they want it too.”
For advice on timeshare claims or relinquishment, get in touch with the team at ECC.
- Queen Elizabeth II funeral: Tourism boost for UK expected after global coverage
- VisitBritain: The Official Tourism Website of Great Britain
- UK holiday bookings boom as Britons think twice about trips abroad
- The British pound has hit a record low. How will it impact your holiday?
- European Consumer Claims (ECC)
- ECC contact page
- Can timeshare owners in Spain really claim compensation?
- Timeshare exchange system failures highlighted by COVID and Ukraine war
- Timeshare owners furious over paying for years of holidays they can’t have
- Skyrocketing Spanish holiday costs leave timeshare owners facing the heat
- Will hotter summers mean less demand for Spanish timeshare holidays?
- 10 hidden facts timeshare owners wish they had known before buying
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First published on MyNewsDesk October 2022