Destination Club Glossary

Joining a destination club can often be a time consuming process. Not only do you have to compare multiple clubs to one another to find the club that is best suited for your needs, but each club also uses different terminology and phrases to describe their offering and membership benefits.

Below, please find some of the most commonly used terms in the destination club industry. Requesting our free Destination Club Guide will also provide you numerous due diligence questions, an overview of the industry and individual clubs, and various other tools to help you evalutate membership.

• Accredited Investor
• Actual Occupancy Rate
• Additional Nights
• Advanced Reservation
• Annual Dues
• Cancellation Policy
• Capital Contribution
• Corporate Membership
• Deposit Appreciation
• Equity Destination Club
• Extended Family Membership
• Fractional Ownership
• Full Member Equivalent
• Future Value
• Holiday Reservation
• Independent Audit
• Individual Membership
• Loan to Value
• Member to Destination Ratio
• Member to Property Ratio
• Membership Cap
• Membership Certificate
• Membership Documents
• Membership Fee or Deposit
• Membership Plan
• Net Asset Test
• Nightly Fee
• Nights Included
• Non-Equity Club
• Planned Occupancy Rate
• Primary Member
• Private Residence Club
• Property Value
• Reciprocity
• Redemption Value
• Refundable Deposit
• REIT
• Reservation Window
• Resignation
• Resignation List
• Shared Ownership
• Space Available Reservation
• Temporary Beneficial User
• Timeshare
• Unlimited Usage
• Waiting List

If you are considering destination club membership, request a free copy of our Destination Club Guide for additional insight into the benefits and risks of membership, comparisons to other luxury travel options, and a list of suggested due diligence questions that should be asked when evaluating a club.