Each year, maintenance fees are billed to timeshare owners around the world, usually in the month of January. With the new year approaching in just a few weeks, many bills for 2017 maintenance fees will be approaching as well. Seasoned timeshare owners will likely already know what this means—an increase in the yearly costs paid by owners to cover updates or renovations at their resort, as well as operations and taxes. However, some owners may find the results of their 2017 surprising due to hurricanes and other significant events. We’ve got all the information you need to know on timeshare annual dues for 2017 right here at SellMyTimeshareNow.com.
Owners at resorts belonging to famous brands like Disney, Marriott, Hilton, Wyndham, and others can generally expect an increase of several percentage points for their fees and dues next year. While specific fees typically differ by individual resort, timeshare owners at the brands below can expect the following:
Marriott owners are in for maintenance fee increases across the board, with year-over-year percentages ranging anywhere from 2% at Marriott’s Grand Chateau, to an 8% increase at Marriott’s Frenchman’s Cove. Destination Club members will also see an increase, with cost per point rising from 50 to 53 cents, equaling a 4.7% jump.
The annual growth rate of DVC maintenance fees has generally fallen between three and five percent, and 2017 will echo those numbers. The biggest takeaway from Disney’s numbers is the 7% increase in fees at Disney’s Hilton Head Island resort. The property sustained damage from Hurricane Matthew last October, and owners will have to pay extra for necessary repairs and renovations. However, owners at the Vero Beach resort will virtually breakeven in 2017, with their fees rising by a scant 0.2%.
Hilton timeshare owners can expect general increases in maintenance fees next year, ranging anywhere from 2% to 7%. However, most fee increases for HGVC are limited to approximately 10 to 30 dollars, which is nothing out of the ordinary for vacation ownership.
Maintenance fees at the newly independent Vistana Signature Experiences will remain relatively low. Select units at the Westin Ka’anapali Ocean Resort Villas will only rise by a meager 20 cents in total, which is welcome news for owners at the increasingly popular Hawaii resort. However, other resorts such as the Sheraton Vistana and Westin Kierland Villas will see roughly a 2.5% rise in fees.
Wyndham’s maintenance fees differ on the type of ownership and specific resort you own at, but small increases in dues are common across the board. Wyndham Bonnet Creek and Fairfield Bay are seeing a 5% jump, while fees at the Wyndham Bali Hai are actually decreasing by 5%. Club Wyndham Access owners might be disappointed to see an increase of 9.2% in their fees due to a new reserve fund.
Little increases in yearly maintenance fees are common, and for the vast majority of timeshare owners, it will just be another year in the business of vacation ownership. However, certain random events can cause the fees at select resorts to jump dramatically. Hurricane Matthew proved to be a thorn in the paw of many timeshare owners in Florida and the Carolinas. Marriott’s OceanWatch resort is seeing a 17% increase in maintenance fees this year, with some owners speculating hurricane insurance is to blame.
Westgate Smoky Mountains Resort owners might also want to keep an eye out for sudden jumps in fees. A large portion of the resort was destroyed in the Gatlinburg wildfires last week. While it remains to be seen how soon, if at all, this will affect owners, rebuilding the resort will take time and money.
If you’ve had it with rising maintenance fees, or if you simply don’t use your timeshare as much anymore, selling your timeshare on the resale market could be the solution for you. SellMyTimeshareNow.com makes the resale process easy, and you could have a listing for your timeshare live on our active resale marketplace with the help of our timeshare experts. Learn more about how to sell your timeshare today or contact us for more information!