Resort Condominium International is the world's largest network of exchange vacations. The company sells real estate to people who wish to have a permanent vacation destination. Owners can trade destinations with other RCI members. RCI was founded in 1974 and pioneered the exchange vacation concept.
Resort Condominium International has more than 3 million members worldwide and has more than 5,000 affiliated resorts. These are condominium communities where there are full-time residents as well as vacationers who rent accommodations. This exchange program is commonly called a timeshare program. For instance, you can buy a condominium and rent the property on a weekly basis and claim the time you would like to stay at the condominium, if at all.
How It Works
Timeshare developers sell real estate in either one-week blocks or as packages of points that can be used to reserve resort accommodations. Members share occupancy rights of a development and pay yearly maintenance fees. RCI contacts the developer to enter into an agreement and the resort becomes part of RCI properties. The cost of a timeshare depends on location, the size of the unit and the time of year. As of August 2009. the average timeshare was selling for $14,800.
The RCI points program is a points-based vacation exchange. Members have the flexibility to customize their vacations. As a RCI Points member, you automatically have access to the RCI Weeks-affiliated resorts, which are located around the world. In addition, there is a RCI Points Partner program in which members can exchange points toward other travel products, such as airline tickets, cruises and hotel accommodations.
Types of Ownership
The timeshare industry offers various options to meet travelers' needs for vacation flexibility and variety. The most common types of ownership are biennial, club, deeded agreements, fixed week, floating week, fractional ownership, points and right-to-use agreements. The most common types of ownership are the fixed week and floating week. Members can buy a week in which they always are scheduled for vacation or the floating week in which members can pick different weeks of the year and take what's available.
If members have decided not to return to their home resort and would like other options, members can reserve a week at another member property. The quicker a member can reserve a week, the greater the options. However, a minimum of 14 days notice is required. Members can then search available destinations within the RCI family of properties. All that is left is confirmation of the reserved week at the destination. It's that simple.
- Photo Credit Photo courtesy of RCI
The Best RCI Honeymoon Resorts
With more than 5,000 resorts worldwide, RCI makes it easy to trade in your points to book the honeymoon of a lifetime....
How to Transfer a Timeshare
A timeshare allows its owner to posses a piece of property without the burden of maintenance and other responsibilities that are usually...
How to Use RCI Points for Airfare
According to RCI, it works with 300 airline partners so that its members can exchange points for airline travel. RCI reports that...
How to Buy an RCI Timeshare
RCI or Resort Condominium International timeshares are some of the most well-known units in the industry today. Buying one of these timeshares...
How to Renew My RCI Points Account
RCI is a timeshare exchange company. RCI Points is a points-based vacation ownership system offered by RCI that assigns a point value...
RCI Resorts Near Washington, D.C.
The national’s capital and one of America’s greatest tourist destinations, Washington, D.C., offers unparalleled sightseeing opportunities. Whether you want to see the...
All-Inclusive Resorts in La Paz, Mexico
Located on a bay in the Sea of Cortez in Baja California, La Paz is a small resort town with a traditional...
RCI Vacation Resorts in San Antonio, Texas
Members of the timeshare vacation exchange network RCI can stay at three resort hotel properties in downtown San Antonio, near the Alamo...
List of RCI Resorts in India
RCI has 82 affiliated resorts in India, in locations ranging from mountain slopes to coastal plains. The world’s most multidimensional subcontinent is...
RCI Cruise & Resort Vacations
RCI is a network that offers access to timeshare units in various resorts and cruises. Timeshares refer to condominium or suite units...
The Best Time Share Companies
Timeshare investments are a way for individuals to spend weeks in a vacation property. While people purchase a certain amount of time...