What does timeshare mean?

In essence, timeshare is an intermediate product between real estate products and hotel products. Tourism real estate Timeshare Hotel (Apartment) is a "Time Right Hotel" which has joined the timeshare exchange system. In timeshare products, many subjects will be involved: developers, who have property rights; As the sales representative of the developer, the distributor sells timeshare products to the public; Holiday real estate management company, managing and maintaining timeshare real estate; Timeshare exchange company, which provides timeshare product exchange business between different regions to consumers (members) who have the right to use timeshare real estate; There are also lawyers, financial institutions, consultants and other professional groups directly or indirectly related to timesharing. At the present stage in China, the development of timeshare products is unbalanced. There are thousands of timeshare products that can be developed in China, but there are less than 20 professional manufacturers, and there are only a handful of systems that actually operate the points system for redemption.

The steady development of timeshare in the world has warmed up the China market. RCI, the largest supplier of related products and services in timeshare industry in the world, signed an agreement with China Zhong Da Company in mid-April this year, intending to build a timeshare market with China Company.

Thirty resorts or hotels, including China Qingdao Nonghaiyuan Resort, Beijing Jiuhua Mountain Villa, Beijing Cuigong Hotel, Jing Rui Hot Spring International Hotel, Zhuhai Shijingshan Tourism Center and Wuxi Taihu Venice Garden, have taken the lead in joining the RCI holiday exchange network and receiving holiday members from all over the world. Among them, Qingdao Nonghaiyuan Resort and Jing Rui Hot Spring International Hotel also won the Golden Crown Award and the International Gold Award issued by RCI Headquarters this year.