Timeshare Companies

The timeshare industry originated in Europe in the 1960’s. In France and Switzerland, two companies began the first vacation ownership offerings for travelers and tourists. During 1964-1968, a French development company called Société des Grands Travaux de Marseille “was the offer of sharing time of the products they offer a remedy called Dévoluy. Another resource named Paul Doumier of Société des Grands Travaux became popular with its first advertising slogan, “There is no need to rent a room; buy the hotel, is cheaper!” The timeshare company headquartered in Switzerland, called ‘Hapimag’, was founded on September 23, 1963 and thereafter expanded in Italy and Spain. Hapimag remains a successful company today and has remained at the forefront of the timeshare market.

In the U.S., Internationale holiday resort that offers the first timeshare called ‘Kauai Kailani’ in 1969. The company introduced the timeshare “points” system in order to provide greater flexibility to owners of vacation timeshare. Once the owners of timeshare earn points, can be used in any of the resorts offered by the company as currency. Florida was the first state in the United States to take time events during 1970.

The renowned company exchange Resort Condominiums International (RCI) was founded in 1974 in Indianapolis with branches in a growing number of countries. It gives timeshare owners the opportunity to exchange holiday weekdays different company, offering greater flexibility and a wide variety of options to do that before.

The timeshare industry continued to develop during the 1980’s through the creation of various timeshare companies in Western Europe and Asia. A large number of new resorts were opened throughout the world in 1990. Major hotel companies like Sheraton, Ramada, Hilton, Disney, Four Seasons, Ritz-Carlton, Radisson, Westin and also began offering timeshare properties during this decade. Legal organizations like the American Resort Development Association (ARDA) in the U.S., and the Organization of Time Share (OTE) in Europe regulate the timeshare industry.

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