Why Are My Timeshare Resort Fees So High?
Annual maintenance fees are part and parcel of timeshare ownership, yet they are also one of the primary factors driving people away from the industry. Indeed, according to the AIF Owner’s Study 2016, a survey of timeshare owners, 66% of consumers cited high maintenance fees as a reasons for wanting to exit their timeshare obligation; 46% of surveyed owners listed it as their “most important” reason for wanting to walk away.
The frustration with maintenance fees is really two-fold. On the one hand, many timeshare owners feel exasperated with having to pay these fees in the first place, particularly considering that most only use their timeshare interest once a year (if they take advantage of it at all), and plenty of others exchange their timeshare points to travel to different resorts, rather than using the “home” resort for which they ostensibly bought their interest and continue to pay fees.
What’s more, many question where these fees go. Who are you paying them to, and to what end? And why do they tend to increase, year after year?