TIMESHARE RIP-OFFS
Fractional dispute
DOZENS of part-time holiday property “owners” are challenging UK firm Seasons Holidays over a scheme marketed as a revolutionary timeshare, which the Timeshare Consumer Association says was unsustainable from the outset.
Classic timeshare schemes involving deceptive pressure sales and wildly escalating management fees have dwindled since regulations introduced in 2010 gave buyers stronger rights and outlawed marketing long-term holiday products as investments. Following multiple recent questions in parliament about timeshares, the Commons Library updated a briefing in July which noted rising concerns over newer “fractional ownership” schemes.