About Vacation Ownership
Vacation ownership with AVLCI offers an exclusive opportunity to enjoy luxurious accommodations year after year, while providing flexible travel options across premier destinations.
What is vacation ownership?
Vacation ownership, also known as holiday ownership or timeshare, is a real estate model that allows multiple client’s use of rights to a particular property (commonly resort condominium units) at a given time per year.
The timeshare industry began in the mid-1960s when European families who considered themselves avid vacationers came up with the idea of “sharing” the ownership of a holiday home to effectively cut costs. This evolved to the enterprise model now known as “timesharing.”
By 1974, the vacation exchange company RCI was established, successfully positioning itself as the world’s largest timeshare exchange brokerage with more than 3,600 affiliated resorts in over 100 countries and over 600,000 hotels worldwide.
Holiday ownership soon reached Eastern Europe and Asia, eventually attracting the interest of globally-recognized companies in the hospitality industry such as Hilton Hotels and Resorts, Marriott International, Hyatt Hotels Corporation, Ritz-Carlton Hotel Company, and Radisson Hotels.
Today, timeshare in the Philippines continues to grow as part of the multi-billion dollar industry offering vacationers around the world a chance to maximize their getaways.