THAI VACATION OWNERSHIP ASSOCIATION (TVOA)
Vacation ownership or Timeshare is the trading and exchange of the right to use resort accommodation e.g. hotels, condominiums for a certain period of time. People can typically purchase the rights to use the accommodation in advance for a period of 20, 30 or 40 years, and retain the right to use the accommodation for 7 days or morea year.
The Timeshare business appeared in Thailand in the 1990’s but subsequentlyall but vanished due to the problem of credibility. Unfortunately, Thai consumers had associatedthe timeshare business with the actions ofBlissher Inter Group, afraudulent pyramid-scheme company, and the creditability of the timeshare business operators also suffered as a result.