The holiday timeshare concept is the sharing of accommodation at a particular resort at different times. This is where a group of timeshare members take turns to enjoy accommodation at each other's resorts through an exchange of accommodation entitlement for a specific duration of time. A timeshare agreement is an occupancy agreement between a member and a resort developer, which guarantees the member quality accommodation entitlement in a range of resorts for a fixed number of years.

In essence, this means that you purchase a week or more at a particular resort you select, which is called your Base Resort, which is turn is managed by an Operator appointed by the resort developer or owner.

The base and affiliated resorts within a timeshare membership is operated and maintained through an annual maintenance fee contributed by members. Such fee is deposited into a sinking fund managed by an appointed Trustee, who also manage a trust fund where membership sales monies are deposited into for safe guarding. Such monies are released to operators of the timeshare membership resort upon appropriate request.

For the purpose of providing choices and flexibility, most holiday timeshare resort are affiliated to an International Holiday Exchange Company to facilitate global vacation or holiday exchanges between local and foreign timeshare members. For the purpose of fair holiday exchanges, timeshare resorts are periodically inspected by affiliated International Holiday Exchange Company to ensure that high standard are always maintained by the holiday timeshare operators and resort developers. As a member, you are entitled to stay at the range of resorts your club offers for a specific period of time in a year. In addition, the opportunity to exchange your holiday accommodation entitlement with over 2.5 million members in over 80 countries around the world.

Appropriating a holiday timeshare membership is a great way to enjoy quality and hassle-free holiday accommodation and services at an affordable price. Through holiday timeshare, you are actually securing your future holidays at quality resort and hotels around the world at today's price.

The birth of timeshare in Malaysia was in the year 1983. Since then the timeshare industry has grown tremendously with resort developers recognizing the potential of increased turnover and revenue from properties converted to timeshare intervals or membership. Presently there are approximately 150,000 timeshare members in Malaysia. With about 100 resorts located locally and overseas. The annual sale of timeshare for 2000 was about RM100 million. Between the year 1998 and 2001, the industry recorded sales of about RM350 million. There are about 15 timeshare companies in this country and the figure is expected to double by the year 2005. With resort developers and timeshare operators constantly striving for improved product features and high level of customer services, around 70% of timeshare members utilize their yearly entitlement or visit their home resorts every year. Therefore around 100,000 families visit holiday timeshare resorts annually.

The Malaysian government, in acknowledgement of the growth of the country's timeshare industry and further planned development, has promulgated appropriate guidelines to regulate the sale of interest or shares in timesharing schemes. The timeshare industry welcomes the constructive intervention by the Government as it would contribute to the overall development and confidence as well as to ensure that the rights of the timeshare members are protected by law.

The Malaysian government, in acknowledgement of the growth of the country's timeshare industry and further planned development, has promulgated appropriate guidelines to regulate the sale of interest or shares in timesharing schemes. The timeshare industry welcomes the constructive intervention by the Government as it would contribute to the overall development and confidence as well as to ensure that the rights of the timeshare members are protected by law. On the other hand, the timeshare developers in the country have come together to form the MHTDF ( Malaysian Holiday timeshare Developers Federation ) to further strengthen the industry. The MHTDF has implemented Codes and Ethics among member developers that would ensure the professional standards of the industry will be maintained.

There are three prominent types of timeshare scheme in Malaysia. The first of which is called "Vacation Ownership" whereby a purchaser becomes a part owner of a unit of resort apartment. Starting from one interval of 1/51 ownership interest. One interval represents seven (7) night's accommodation entitlement in a year. In the case of the resort property being freehold, the tenure of such vacation ownership is perpetual. The price for one interval of vacation ownership is approximately RM 22,000.00. "Right-To-Use" timeshare schemes offer a form of entitlement for members to use in a choice of resorts for a specific number of years, usually 30 to 38 years. The ownership of the properties still belong to the developer or operator of the timeshare scheme. Most timeshare operators offer floating week entitlement. Floating week does not assign specific period, it allows the flexibility for member to decide their dates of vacation subject to availability of the resorts. A "Right-To-Use" timeshare scheme may cost from about RM 8,000.00 to RM 30,000.00 depending on bedroom type, number and quality of resorts offered. Most recently, there is the "Points System" timeshare schemes. Points membership measure utilization of entitlement by number of points, a member can trade their points for vacation depending on season, unit size and facilities in a resort. It is flexible, allowing a member to determine the usage of his or her points entitlement in exchange for a particular type of vacation. Price for Points memberships starts from about RM 8,000.00.