Pearson New International Edition International pcl tp indd 1



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Professional Front Office Management Pearson New International Edition by Robert Woods, Jack D. Ninemeier, David K. Hayes, Michele A. Austin (z-lib.org)

FRONT OFFICE SEMANTICS
Deeded interest (time-share):
Ownership in perpetuity that can be sold or passed on to the owner’s heirs.
Leased interest (time-share):
Right limited to a length of time (e.g., 10 years); when the lease expires, own-
ership (access) expires.
Exchanging ownership on an occasional or more frequent basis can bring variety
and flexibility to vacation experience. Now that well-known hotel operators such as
Disney, Hilton, and Marriott offer time-share alternatives, the option to exchange
units is a major reason many people consider purchasing a time-share. Potential
advantages to time-share ownership include these:

Savings from not paying high guestroom rental rates for days the time-share
unit is used

Opportunity to trade time intervals with others through exchange programs

Potential for financial gain from the appreciation of real estate values (time-
share ownerships can be sold)
Guests who use resorts and time-shares do so primarily for pleasure and are
attracted to a specific property because of its location, reputation and property, and
local activities.

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