Accor Vacation Club (AVC)
The Accor Vacation Club, or AVC for short (used to be call Accor Premiere Vacation Club or APVC), has been developed by Accor as it's version of the holiday ownership concept. As with the Worldmark club the AVC is regulated as a Managed Investment Scheme registered with ASIC but again it is important to note that the club is intended to provide lifestyle benefits and is not intended as a financial investment.
The AVC is not as large as the Worldmark club in terms of number of members but it actually has more resorts available to owners (but not as many apartments at those resorts). As of December 2009 there were approximately 26600 owners in AVC.
The main benefits or the club are:
- By buying a membership you are basically buying the right to use the properties in the Accor Vacation Club through to the year 2080. So you own your future holidays instead of renting them each year.
- Unlike traditional timeshare you are not restricted to a set week or a set location - you can choose your resort location, length of stay, size of apartment and time of year and this can be different each year.
- You have access to all resorts in the South Pacific club in Australia, New Zealand and Bali (see next page for a full list).
- For more choices you can join Interval International to swap your points for accomodation in literally thousands of resorts all around the world.
- You can save your credits for up to 2 years or borrow from the following year to enable you to have a longer holiday.
- As well as using your credits you can use Bonus Time to make reservations at short notice using cash instead of points.
- If you can't use your points in a particular year you can make a reservation for relatives or friends or even make a booking and rent the room.
- Your holiday investment is protected as all club properties are fully owned and are completely free of any mortgages.