Resignation and Redemption
Members of Capricorne Villas, a destination club based in California, do not have to pay any up-front membership fees or annual dues to join. Instead, members pay a per night cost for every night they travel with the club.
"Capricorne is a luxury travel group whose relationships give us access to unique properties and experiences around the world."
"We create memorable and rewarding travel experiences for clients by combining the very best in accommodations and services. Our top priority is to be your travel advocate."
"Capricorne’s platform is unique from that of other travel and destination companies: zero start up fees, no annual retainers and no membership costs. You simply pay as you go, providing clients with exceptional accommodations and services with minimal financial risks."
"Additionally, each accommodation undergoes a strict qualification process and is walked by a member of our team to ensure that only the finest villas, hotels and resorts are represented. Through this added precaution, as well as our high level of service, Capricorne is able to eliminate the possibility that a client is anything but satisfied during their trip."
Most traditional destination clubs require members to pay a refundable membership deposit to join. After a certain amount of time with the club, typically three years, members are able to leave the club. After the member expresses their interest in leaving the club, they are put on a resignation list and as new members are acquired by the club, members on the resignation list are repaid. Depending on the club, members typically are refunded 75% of their original membership deposit, but a growing number of clubs repay members a percentage of the then current value of their membership, sometimes paying members more than they originally contributed to join.
Since members of Capricorne Villas do not pay a refundable membership deposit when they join, no money is obligated to them if they would elect to leave the club. Since the club does not require any annual dues payments from members, resigning from the club would most likely indicate that the member simply no longer uses Capricorne Villas' services rather than officially leaving the club.
There are dozens of different redemption and resignation policies throughout the destination club sector. To learn more about the various structures, request a free copy of our Destination Club Guide.