Destination clubs are a new and growing concept in the luxury
vacation industry, featuring the best characteristics of second
home ownership, five-star amenities and service. For less than the
cost of the down payment of a single second home and with none of
the maintenance hassles or fees, destination club members
traditionally pay a refundable membership deposit to have a global
portfolio of homes available at their fingertips. Most destination
clubs intentionally model their club so homes are vacant up to 50%
of the time to allow members superior availability options for both
trips planned well in advance and for last minute getaways. Much
like a country club, members pay annual dues to access the club's
properties and if they elect to resign from the club are refunded
anywhere from 75% to 100% of their membership deposit back. Some
destination clubs now offer the incentive of actually receiving
more than your membership deposit if you elect to resign. There are
currently over 30 active destination clubs and the industry has
approximately 6,500 members. Memberships range from as low as
$30,000 to nearly $2,000,000 and membership plans allow you to
travel as few as seven night per year to unlimited annual travel.
The Veras Group is a firm dedicated to educating consumers on the
destination club industry and assisting prospective members on
finding the destination club that suits their needs best.
