Accrued Timeshare Weeks
An accrued Timeshare Week is another description of a week of timeshare ownership or vacation club, which has been deposited or Banked with an Exchange Company. These timeshare weeks have been allocated by the resort program and for whatever reason the owner has been unable to use in their current vacation year. The unused timeshare weeks are accrued within the exchange program, which they are banked with for later use. For example, if a timeshares program affords the owner one week per year, and the owner is unable to use their timeshare ownership for three years, the owner would be able to utilise their accrued weeks for a three week vacation or holiday in their timeshare in one year.
Accrued or Banked weeks are just another way that vacation / timeshare ownership has evolved over the years, offering greater flexibility for the timeshare owner. Being able to accrue or bank your vacation / timeshare ownership when you are unable to use it means that you won't end up paying for used time. Also of benefit is being able to save your ownership so that you can have that extended stay in that far off destination that you always wanted for that special occasion.
Accrued weeks may also be exchanged with the exchange company that they are banked with to vacation or holiday at any destination available within their resorts, whether its within your family of resorts or their extensive portfolio of properties. Not all timeshares programs allow for their resorts to be accrued or banked, and usage is based on availability. It is always best to check with the resort that you wish to purchase a property at, or confirm with one of our experienced sales consultants, which exchange company will allow the owner the privilege of accruing their weeks.
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