In short, a timeshare is a specified amount of vacation time, usually one or two weeks per year or every other year, for a room that is usually in a luxurious resort (think 4- to 5-star). The room is divided into separate timeshare weeks that are sold individually to different consumers. For example, one room could be split into 52 different timeshare products and sold to 52 different consumers because there are 52 weeks in a year. Because the luxurious resort or hotel is able to guarantee year-round occupancy of their room, the price for accommodation is significantly reduced. This makes it possible for a modest, middle-class family to vacation at a luxurious resort rather than a 2- or 3-star hotel.
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