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  • This is disturbing!

    This company is offering a multilevel marketing plan for people to sell timeshare vacation rental weeks without ever owning one...
    Where do you think their inventory comes from?
    And, how are they able to undercut the cost of maintenance fees on the weeks they offer?
    I know two people who have joined. And, like I posted on TUG, one of them landed a week at the San Luis Bay Inn for Easter week... a killer trade for us... he got it for $300 in this system.

    Here's the description:


    * December 2008

    12 Mar
    Global Resorts Rock The Timeshare Business
    Author: admin

    Global Resorts Is Taking Over The Timeshare Industry?

    Global Resorts Network - Timeshare

    Global Resorts Network offers the everyday person a way to travel in elegance for less than $3,000 dollars! This is the new way to travel now. You can visit different places at lower costs. But is this really new? We have known about timeshare that offer an unbelievable way to travel also over the past 25 years. Time-shares have been sold for cruises, recreational vehicles, campgrounds and many other types of properties, but their most notorious use is for shares in condominiums at huge time-share resorts that offers a exceptional new way of having a getaway in

    Global Resorts vacations

    elegance. Could we really say that timeshares are becoming a thing of the past? Some timeshare companies and resorts have designed a new way to make their service to be more flexible, to have more choices and to lessen upfront cost. They are changing the concept of the timeshare industry but could we really say that it’s still all the same?

    Want To Learn More About Global Resorts Nework, See my Website

    A timeshare is a property or the right to use a property in which multiple parties have rights, such as the right-to-use. Usually it refers to a resort or condominium unit. Timeshare essentially means that a group of people are sharing the cost of a getaway home. During the period of time you choose, either for life or for a specified number of years. Global Vacation Resorts Accommodations range from hotel rooms to condos, from cabins to elegance houses and castles, from yachts and cruise ships to RVs and houseboats. This system makes getaway home ownership possible for many people who cannot afford a second home or who otherwise would not be able to appreciate such resort facilities. Timeshare is an investment in lifestyle, in future holidays, in family time together, and when viewed that way it can be a good investment indeed. Is GRN like a timeshare exchange program?

    Want To Learn More About Global Resorts Nework, See my Website

    Speaking about the program and the advantages member can gain freom these businesses, there are still many differences the program timeshare has as compared with GRS. First is that timeshares do not give you major discounts on cruises and hotels. Global Resorts Network gives you deep discounts on any cruise or hotel worldwide. A timeshare typically costs between $7,000 and $45,000 while a lifetime membership with Global Resorts Network costs $2,995. Maintenance fee are important but Global Resorts Network has zero yearly maintenance fees while Timeshares yearly maintenance fees rates between $400 to $1200 per year. Timeshares typically only give you one or two weeks per year travel aas compared with up to fifty two weeks per year with Global Resorts Network. With a timeshare your places are limited. Global Resorts Network has over five thousand resorts worldwide in the member registry. Timeshares also do not have a income opportunity connected to it. Global Resorts Network has a business model that gives the possibility of creating financial freedom. Timeshares do not pay you a referral fee if you tell someone else about it who buys a timeshare while with Global Resorts Network, you only not travel as well you are compensated with every person you encouraged to be a member. GRN has a referral compensation of $500 for Gold to $1000 per platinum membership.

    Want To Learn More About Global Resorts Nework, See my Website

    If we try to look at very details of each program we would know different differences between the two. Mentioned are just some of it. Yes, Timeshares are slowly becoming extinct with the introduction of elegance resort memberships like the Global Resorts network. The memberships grants both access to 5-Star elegance Resorts worldwide and you’ll get compensated as well.

  • #2
    That's the only good find I've ever heard of from Global. I'm surprised they are even still around and haven't just closed up shop and vanished like many "clubs".
    $ 3,330 for one good week of vacation isn't the best of bargains.

    Comment


    • #3
      I agree with Tony. If skimble hadn't been posting on this board for awhile now, I would have suspected he was a shill. I think this is a club people should stay away from.

      I think most of their inventory is excess inventory or unsold developer weeks, and is probably similar to what you could pick up off one of the RCI rental sites without paying a membership fee.

      Comment


      • #4
        I have not read the posts on GEVC in the past. I just know how MLMs work, and I know RCI is greedy... put the two together and you have a dangerous blend-- one that could devalue our ownership quickly.
        I've noticed since November, my Weeks account has not been able to pull anything decent 45 days out-- the last minute pool of decent weeks is far more depleted than ever before, and the witching hours are gone. With my Points account, I can see plenty of good last minute exchanges. There's a red flag in this change.

        Comment


        • #5
          I've seen the way RCI functions over the years.. They know 25% of all deposited weeks go unused. They've come up with formulas for liquidating those-- renting them. That practice has been denounced and decried by owners for years.

          An MLM in lean times is the perfect answer for them. They make money on the membership, they liquidate their excess unused inventory, and they make additional money off those rentals... with a guaranteed market, and a virtual guarantee on market growth.
          Their only obligation in this type of business deal is to lend it credibility... how hard is that?

          It would explain why the people I know who have joined this MLM are raving about the weeks they've booked in prime locations at prime times for less than half of maintenance fees.

          This may be a Wolf cry, but does it make sense?

          Comment


          • #6
            No it doesn't make sense. It's a model that can't succeed. When the economy improves all that will be available is unwanted crap- even developers won't want to rent unsold weeks at 1/2 the MF when times are better and they can get more.

            Comment


            • #7
              There are lots of these types of Vacation/travel clubs that deal in excess inventory in the 'system.' Whether it comes from RCI, II, or one of the independents, these weeks come with MFs already paid by the original owner who deposited them, so it's that original owner who doesn't get a trade satisfactory to them who loses out.

              The amount of the MF makes no nevermind to the travel club that obtains the week for their member and makes money because they charge their member more than they are paying for it.
              ... not enough time for all the timeshares ®

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