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Timeshare is defined by the American Resort Development Association as, "a term used to describe the right and joint ownership of a resort property (e.g., a condominium) shared with others. Each 'owner' owns a certain period of time and occupies a unit of accommodation on a regular basis for a number of years. Timeshare is sometimes referred to as 'Vacation Exchange,' 'Holiday Ownership,' 'Multi Ownership' or 'Group Ownership'."
By taking advance of timeshare exchange programs, timeshare owners can trade their timeshares with other timeshare owners throughout the world. In other words, if you own a timeshare for a resort in Mexico, you can trade a week stay at this resort for a week at someone else's timeshare resort in Paris. Timeshares give owners the opportunity to travel to places all around the world.
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