FAQS
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1. Why Timeshare?
Owning timeshare allows you to prepay for your vacation accommodations in advance, providing your family with a lifetime of luxurious vacations at today’s fixed, low rate. Timesharing (also called vacation ownership) enables individuals on a variety of budgets to enjoy annual, week-long vacations at premium resort, hotel properties without the exorbitant costs and hassles of outright ownership.
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2. What Exactly Is time share membership with Club APY Holidays?
Time Share membership of APY Holidays is entitlement of 6 nights’ accommodation in a year for 6 years / 12 years / 24 years as per the selected package at APY Lifestyle Resorts SKABS Pvt Ltd owned and operated three-star plus resort located at Gujarat.
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3. Is My Usage Ownership Guaranteed?
Yes, Absolutely! You are the absolute owner of your guaranteed stays. You are required to make a booking of your desired dates at least 24 days in advance and reservation shall be subject to availability at the resort.
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4. What if I do not want to use the entitled 6 nights stay?
Gift - You can gift the room nights to your loved ones and hotel, resort will be delighted to host them. However, there shall be a nominal guest charge for the same. The same can be checked with reservation executive before reservation.
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5. What if I don’t want to Vacation in any particular year or all the years?
You shall have an option to surrender your room nights to the company for letting it out to the customers at large. You shall earn a rental income of 50% of the gross room revenue generated by the resort, hotels for the particular category of room. The company shall provide you a time window before the start of the year for surrendering the entitlement. Please note the revenue option is only available for 12 years and 24 years package
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6. Do I Earn Rental Income on My timeshare membership?
Yes, Absolutely! Your timeshare membership will Generate Rental Income for you if you surrender your room nights to us for letting out.
Please note the revenue option is only available for 12 years and 24 years package -
7. What is the rental income that I can expect?
The rental income will be paid annually. The Revenue share for will be computed in the following manner: Total room revenue from the executive rooms/ no of rooms nights under management = Average Room rate-ARR (Executive rooms)
ARR * % occupancy (Executive Rooms) * % share * 7 days = Timeshare member‘s Revenue Share
Illustration:
Average stabilised room rate= Rs. 6500/- (Rupees Seven thousand only)
Type of Room: Executive Room
Percentage of Revenue share: 50%
Considering that the executive rooms’ category had an average occupancy of 75% (Seventy Five per cent): 6500 * 75% * 50% * 7
Earnings: Rs 17063 (Revenue for time share owner annually)
Please note the revenue option is only available for 12 years and 24 years package