What Is Timeshare Week 53?
A year might have 52 weeks, but not in the world of timeshare. But is week 53 a bonus week, or is it just another way for timeshare companies to get more money from you.
When does it occur?
Approximately every six or seven years there is an extra week on the timeshare calendar. With the timeshare yearly calendar always starting on a Monday, depending on the day of the week that the 1st January starts on, there can be extra days left unaccounted for at the end of the year, this is where week 53 comes in to play. For example, January 1st 2018 landed on a Monday so the week beginning 31st December 2018 is also a Monday, meaning that there is an extra full week added onto the end of the 2018 calendar.
What does week 53 mean for owners?
Every resort handles week 53 differently, so it is important to check with your own timeshare provider for the procedure that they follow. Some resorts reserve week 53 for the use of the developer or founder member to use, or to conduct maintenance on the property, so it won’t have any effect on timeshare consumers.
A standard procedure that is seen across many larger timeshare companies, is that those consumers who own the timeshare for the last week of the year, week 52, get the use of the timeshare for an extra week when a week 53 occurs. However, again, this has different outcomes depending on your timeshare resort. Some companies offer week 53 as part of the week 52 package, meaning that if you pay for week 52, as part of your contract, you get the use of week 53 for no extra charge, like a bonus two weeks for the price of one.
Although, for some unlucky week 52 owners, this is not the case. Often documents signed for week 52 that make no reference to week 53 and as with most timeshares there are hidden costs that you may not be informed of at the time of purchase, which later comes back to haunt you
As week 53 doesn’t occur every year, many timeshare owners found that when the additional year came around, their annual fees invoice listed maintenance fees for weeks 52 and 53 therefore, week 53, when occurring, is classed a continuation of week 52. Although week 52 owners do not ‘own’ week 53, they have often found that they did not get a choice whether they took ownership of week 53 and it was automatically added to their contract without the option to not pay for it.
Some companies do allow for points to be banked on week 53 to go towards timeshare exchange if it isn’t wanted, however, this still comes with extra maintenance fees for the extra week, when they purchased week 52.
For some people, week 53 offers an extra week of timeshare usage, which comes as a joy, but for those who were not expecting to have to pay an extra week of annual fees, it can be a burden that they can’t afford.
If you have purchased a week 52 timeshare, please be aware of the week 53 procedure to make sure you know where you stand on it. If you need any advice regarding your timeshare contract, please fill in the form below and we will be in touch.