Since we are in the high end vacation rental business (through G2G Collection, our vacation club), we are constantly asked about the best rental options out there, such as timeshare rentals or renting on leading rental listing sites like vrbo or Airbnb. This blog post will compare timeshare rentals vs. vrbo rentals, explaining the pros and cons of each, with the end goal of helping you choose which is the most ideal for your situation.
There are numerous sites online where you can rent a timeshare for a week instead of buying the timeshare. One of the largest sites to rent timeshares is redweek.com. Weeks have a wide price range depending on where the timeshare is located, how nice it is and how many bedrooms it is. They can range from $700 for the week up to over $11,000 for the week.
If you want to fully understand exactly what a timeshare is and the differences between timeshares and vacation clubs, check out our blog post on “Timeshares vs. Vacation Clubs.”
VRBO, or Vacation Rental By Owner, is a website owned by HomeAway that allows vacation home owners to list their homes for rent on the internet. The Homeaway “family of brands” has over 1 Million listings of vacation homes for rent online.
Pros and Cons of Timeshare Rentals
- Renting one week in a resort that is professionally managed
- Typically in a resort setting with services and amenities
- Can potentially get a great value
- Well suited to couples or small families needing 1 or 2 bedrooms
- If you love it, you can probably buy it and go back every year
- Generally a one week rental (can’t pay for less nights)
- Often not high-end (how would you define “High End”?)
- Prime rental weeks (like holidays) are, in most cases, not available
- Not ideal for large parties that need 3 bedrooms or more
Pros and Cons of VRBO
- Strong variety and diversity of destinations and residences types (resort and stand-alone)
- Availability to travel throughout the year (not locked into specific week or weeks)
- Access to high end, private residences, including larger 4 to 6 bedroom ones, that you couldn’t get otherwise
- There could be significant risk in renting on sites like VRBO (see our post “5 VRBO Problems and How to Avoid Them”)
- Generally not part of a resort or major flag (Disney, Marriott, etc.)
- Far more listings to weed through
- Often won’t offer the amenities of a timeshare rental
Which is Best?
So, there you have it – our quick and painless comparison of timeshare rentals vs. vrbo. It really depends on what is most important to you – a resort setting under a major flag vs. a private home that could be significantly larger than 2 bedrooms.
If neither timeshare nor vrbo properties get you excited then you may want to look into a vacation club. Vacations clubs can offer flexibility in where you travel, when you travel and how large of a property you stay in. We’d be happy to answer any questions you might have on vacation clubs and can be reached at 678-506-2700 or firstname.lastname@example.org.