India is emerging as one of the key markets in the hospitality industry.

That’s why many hotels are changing their business strategies to draw more vacationers to the country. Factors like price, location, and service are crucial for customers who are looking for holiday homes. And that’s why many developers are investing on timeshares.

Trends suggest that consumers are looking for a vacation home that gives a home-like atmosphere.

When hotels offered customers budget and premium categories, they preferred timeshare resorts for their holiday excursions.

Timeshares have been developing globally and it has been a premium choice product in India. Why is that?

First of all, from a customer’s perspective, timeshares are cheaper compared to other hotels and resorts. When a vacationer becomes a member of a timeshare unit, he can own that unit for up to 30 years.

And owners can even select their units, depending on what they need and what they want. There are studio, one-bedroom, and two-bedroom configurations on various seasons.

Plus, a timeshare gives the owner value for money. It entitles them to free accommodations and services that would otherwise be charged in daily room bills. These chargers are adjusted in the annual maintenance paid by the customer.

Another big advantage is that owners can recover costs in six to eight years during their 25-30 year ownership period.

So far, the Indian timeshare industry has recorded growing profit numbers and demand is growing also. Major hotels like Mahindra Holidays, Sterling Holidays, and Avalon, have set up timeshares.

According to recent studies, demand for timeshare products in India is forecasted to rise 16 percent annually from 2006 to 2015, making it a viable investment for developers in the country.

Source: The Hindu