Fidelity Resales Blog

Hilton Grand Vacation Club Upends Conventional Timeshare Model

Posted by Paul Rotter on Apr 6, 2015 9:09:06 AM
The traditional timeshare is dead, and good riddance. No one will mourn the loss of strictly deeded properties at poorly maintained resorts mismanaged by developers lacking property management expertise. They didn't address the needs of the vast majority of vacationers who wanted resort style accommodations teamed with luxury and extensive options providing extreme flexibility. Therefore, the advantages of ownership were often outweighed by liabilities. After all, what hard working family doesn’t deserve a luxury vacation?  However, the timeshare industry changed with the advent of vacation club programs from major developers (i.e. Disney, Marriott, Wyndham), which attempted to add value to vacation ownership. When Hilton joined the fray in 1992, after watching other major brands struggle to present a viable model, it launched what is now arguably the most comprehensive, yet simple, point-based system in the vacation ownership market. If the rise of vacation clubs could be deemed 'timeshares 2.0', Hilton Grand Vacation Club is version 2.5.

Not Your Average Timeshare Deed

In the original conception of vacation ownership, timeshare deeds gave owners the rights to a specific unit and week. Either the property was used each year, or it wasn't, and owners found it very difficult to get to the place they wanted at the time they needed in the luxury level they demanded and the expenses of vacation ownership were wasted. Clearly, this was a flawed and impractical system that offered only limited value to vacationers. The arrival of vacation clubs brought a shift toward point-based systems. Vacation club members purchased a deeded week equivalent to a particular point value. Points could be utilized to secure alternate vacation options including size, location, duration and dates, providing flexibility to owners that may not want to vacation at the same location or during the same week each year.

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Hilton Grand Vacation Club took this concept a step further by allowing owners to exchange points in a variety of ways, ensuring that the vacation options are virtually limitless. HGVC members can choose to use club points at their home resort, in the HGVC network of world-class resorts, toward affiliated luxury hotel stays by simply converting their club points to the HHonors program, and through RCI, the world's largest timeshare exchange. While other developers simply used point-based programs to add flexibility to the traditional timeshare model, Hilton revolutionized the timeshare product by providing a comprehensive system for a lifetime of luxury vacations.

Hilton Club Points & HHonors Points

Like many vacation club programs, HGVC enrollment entitles members to an annual allotment of club points that can be used to make reservations for a deeded property which includes a home week, resort, and unit type (i.e. Week 36 in a 2-bedroom unit HGV Club at South Beach). In lieu of booking the home week, club points can also be used to reserve a stay at one of the other Hilton Grand Vacations Club resorts. This policy, or a similar one, is very common among the vacation clubs offered by major developers. It's the ability to convert club points to HHonors points that sets the Hilton vacation club apart.

All it takes is a phone call, or if you prefer – a web click, in order to convert club points to HHonors Points which can be used to book stays at thousands of hotels within the Hilton Worldwide portfolio. While vacation club programs from other developers are limited to a few select resorts, HHonors points give HGVC owners access to hotel chains owned by Hilton which include Waldorf Astoria, Conrad, Hilton, DoubleTree, Embassy Suites, Hilton Garden, Hampton Inn, Homewood Suites, Home2 Suites, and more.

The value of HHonors points is not limited to accommodations though. They can also be used for car rentals, cruises, theme park tickets, and even airline miles. Nearly your entire vacation experience can be covered using points if you choose! In this way, HGVC provides a great deal more than just Hilton timeshares. The Hilton Grand Vacation Club program caters to those who are interested in varying their vacation experiences over the years of ownership by providing a comprehensive travel platform unique to the timeshare industry.

Vacation Around the World by Exchanging HGVC Points on RCI

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If the Hilton Grand Vacation Club resorts and thousands of hotels available 
through HHonors aren't quite enough to satisfy your wanderlust, there is another option for converting club points. Hilton timeshare ownership comes with the added benefit of membership with RCI, the largest vacation exchange network in the world. By exchanging Hilton club points through RCI, HGVC members gain access to almost 4,500 resorts in more than 100 countries across the globe. 

Luxury Accommodations & Luxury Services

It's impressive the way HGVC has reinvented timeshare ownership to provide such a great value to members, but actually it's exactly the type of innovation that we've come to expect from the Hilton brand. They have built an empire of vacation properties that have earned them a reputation for outstanding luxury accommodations and services. Needless to say, Hilton has come to know more than a thing or two about satisfying luxury vacationers.

Part of what makes HGVC so beloved by owners is that there are no cookie cutter Hilton resorts: each one is unique and exceptional in its modernity and grandeur. From Elara in Las Vegas to Grand Waikikian in Honolulu, or Valdoro Mountain Lodge in Colorado to West 57th Street in New York, HGVC members are assured a remarkable vacation experience that features world-class opulence. HGVC goes beyond timeshare ownership by focusing on providing luxury vacation experiences across the globe.

Topics: Hilton Grand Vacation Club