BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -4. Rotating: Some timeshares are sold as rotating weeks. In an attempt to give all owners a chance for the best weeks, the weeks are rotated forward or backward through the calendar, so one year the owner may have use of week 25, then week 26 the next year and then week 27 the year after that.

Detailed explanation-2: -A timeshare is a type of vacation property with a shared ownership model. With a typical timeshare, you share the cost of the property with other buyers, and in return, you receive a guaranteed amount of time at the property each year. In many cases, timeshares are smaller units within a larger resort property.

Detailed explanation-3: -Leased timeshare agreements can expire upwards of 20 years. Since you don’t own property in this type of ownership, you won’t have any say in annual timeshare fees and if the property owner decides to raise them.

Detailed explanation-4: -The term reservation is defined as ‘blocking a particular room type for a guest, for a definite period of time, for a particular guest. To ensure a safe and secure place for stay during their visit to another town, guests generally prefer to make advance reservations in hotels and other types of accommodation units.