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.
Joining a destination club can be a way to ensure great luxury getaways several times per year. Before committing to a club, potential members should be well-equipped to choose the club that best suits your needs. As minimum night requirements vary from club to club, it is important to look at the minimum number of nights for any given stay and be sure they suit your travel plans.
About three years in the making, Distinctive Holiday Homes (DHH) just opened its doors for new members in the summer of 2007. The years of careful planning and preparation have allowed this "members only" luxury destination club to raise the bar of opulent vacations.
The two destination clubs have both announced price increases in the last two days. Both sets of increases become effective in November.
As a first in the destination club industry, Solstice is acquiring a luxury villa within the eco-resort development of Warapuru, in Brazil.
Another destination club has just passed the 100 members mark, with LUSSO Collection announcing that it recently added its 100th new member.
The new "Associate Membership Plan" from Exclusive Resorts provides 10 nights of usage.
Luxury destination club LUSSO Collection recently announced the availability of its new home in Aspen Highlands.
This months issue of Smart Money Magazine has a 4 page article on villa rentals. The real focus of the article is on the inspections that some villa rental companies carry out to check on their properties.
Rick Aristotle Munarriz on the Motley Fool speculates that its only a matter of time before Disney comes out with its own destination club Disney Escapes !
M Private Residences recently announced the increase of its property portfolio to 15, with the completion of their custom-built luxury vacation home in the heart of the Bear Mountain Golf Course community.
Next Thursday, September 27th, Ultimate Resort are hosting a cocktail reception and presentation with special guest and Ultimate Resort member Doc Rivers, Head Coach of the Boston Celtics.
Located within the Palmilla Resort, this new resort within a resort will have the first four homes available in January 2008. Members will be able to start making their initial reservations later this year.
Following the merger announcement between Ultimate Resorts and Private Escapes we talked to Jim Tousignant and Rich Keith, the CEOs of the two clubs.
Ultimate Resort, the 2nd largest destination club, and Private Escapes, the 3rd largest destination club, are planning to merge. The combined club will have 1,200 members with 140 club homes located in nearly 50 destinations in the US, Mexico, the Caribbean and Europe.
The Solstice Collection has just added two ultramodern New York homes to its luxury portfolio of $6.5m residences. These all glass homes have floor to ceiling windows with protected views of the Hudson River and the Hudson River park.
BelleHavens equity destination club is offering new members who join before September 15 a "True Luxury BelleHavens Experience". The club will create and plan a dream vacation to a BelleHavens destination of your choice and pay for up to $10,000 of your expenses.
Ultimate Resort has just announced the availability of 60 luxury hotels in over 30 cities in Europe, Asia, the Middle East and South America. Members of Ultimate Resorts two destination clubs can use their club membership days to stay at these hotels, as if they were using club properties.
The Destination Club Association (DCA) has recently issued a "Code of Responsible Business Conduct" for its member clubs to abide by. We spoke to Adam Wegner, the President of the DCA, to find out about these latest developments.